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Textile Sector

Arvind Mill plans Rs200 crore textiles expansion

by admin on June 19, 2010

in Stock-News

Capex to increase capacity in denim, shirting fabrics; FY11 sales to grow at least 15%,costs weigh on margins; looking to develop part of huge land bank Textiles maker Arvind Ltd will spend about Rs200 crore in FY11 to raise textile capacity in denims and shirting, a senior official said on Friday. “We would be adding [...]

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Long Term Investment: Bombay Rayon Fashions Ltd. IDBI Capital

by free stock tips on May 7, 2010

in Long Term

Bombay Rayon Fashions Ltd. (BRFL) is one of the leading, vertically integrated textile companies in India. They are having a strong presence across the entire value chain of design, yarn dyeing, weaving, fabric processing, garment manufacturing and retail. The company is engaged in the manufacture and sale of a variety of fabrics, garments and home [...]

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Alok Industries to launch $100 mn share sale by March end

by free stock tips Stock-News

“We are contemplating (the share sale) before the end of March, its about $100 million,” Alok’s chief financial officer Sunil Khandelwal said Textiles maker Alok Industries Ltd is planning to launch a $100-million share sale to institutions by the month-end, a senior official said on Wednesday. “We are contemplating (the share sale) before the end [...]

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FM fulfils Tirupur textile hubs wish

by free stock tips Budget

The biggest textile cluster in India, Tirupur has reasons to be elated as their prayers have been answered. The government today proposed a one-time grant of Rs 200 crore for setting up effluent treatment plant in Tirupur. Finance Minister Pranab Mukherjee has allocated a one-time grant of Rs 200 crore to the government of Tamil [...]

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Budget 2010 : Garments Exporters Association (GEA) expectations from Budget 2010

by free stock tips Budget

An apex body of garments exporters called for an overall reduction in interest rates and corporate tax rates, besides removal of anomalies in excise and custom duties to reverse the recent slowdown in garment export industry. As the international market, which was already highly competitive, has become more tough, GEA in its Pre-Budget recommendations has [...]

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Budget 2010 : Textiles: Slash excise duty on Man Made Fiber (MMF)

by free stock tips Budget

The Indian Textile Industry has an overwhelming presence in economic life of the country. As per the data in FY09, it constitutes 14% on Industrial production, 4% to GDP and 17% to country’s export earnings. The textiles industry is second largest provider of employment after agriculture. The last two years have been a very difficult [...]

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Century Textile – Short Term Investments

by free stock tips Short Term

Attached alongside is the daily chart of Century Textile with a Gann line, MA and Fibonacci lines overlaid on it. All these context definers are combined to produce good supports at 474-77 levels. The stock after witnessing continuous downtrend in the past two weeks has now approached this region where the above mentioned support clusters [...]

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