As part of the internal transition, leadership of the fashion yarn vertical has been combined with oversight of Grasim’s insulators business, a move aimed at driving greater synergies, streamlined decision-making and improved operational effectiveness.
Manufacturing News
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The textile manufacturer posted a 21.3% year-on-year decline in net profit to Rs. 166 crore (US $ 18.12 million) in Q3 FY '26, compared with Rs. 211 crore (US $ 23.03 million) in the corresponding quarter last year.
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The newly raised capital will be deployed towards advancing materials science research, developing in-house intellectual property, and expanding into fundamental research initiatives.
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The PM noted that initiatives such as the PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks, production-linked incentive (PLI) schemes and new free trade agreements are expected to drive the next phase of employment generation in the sector
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The BGMEA and the BKMEA called for the immediate withdrawal of the duties, describing the decision as unilateral and poorly timed amid a prolonged global slowdown and persistent domestic energy shortages.
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Investors will be able to access key services such as opening bank accounts, obtaining trade licences and availing financial and municipal services through a single digital interface in a faster, more transparent and less cumbersome manner.
