Adidas has started cutting jobs at its technology hub in Gurugram. The affected employees were informed about the changes during a town hall held, according to reports.
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The Bureau of Indian Standards (BIS) has launched a Rs 38.72-crore project to modernise and upgrade 21 cotton fibre testing laboratories across major cotton-producing states in India.
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Candour Techtex Limited has signed a Memorandum of Understanding (MOU) with Ratanmoti Texfab (India) Pvt. Ltd. to supply coated and laminated fabrics for applications in the Indian Defence Industry.
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Tuni Textile Mills manufacturer of grey fabrics has filed its Letter of Offer for a rights issue to raise up to Rs 48.99 crore (US $5.11 million) through the issuance of 48,98,66,250 equity shares of face value Rs 1 each at par.
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Activewear brand, TechnoSport will invest Rs 4.5 crore over three years to establish the TechnoSport Center for Research and Entrepreneurship in Sports Textile (T-CREST) in collaboration with IIT Delhi.
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Indian ethnicwear brand BIBA has opened its first store in Melbourne, Australia, at Westfield Fountain Gate, Level 2, near Target, marking its entry into physical retail in the country.
