Textile Newsletter – October 02 to October 06, 2017

This week, “Textile stocks were trading higher ahead of the outcome of the meeting of the GST Council today.”

Oct 07, 2017 06:10 IST India Infoline News Service

Top News

Textile stocks gain ahead of GST Council meet outcome

Textile stocks were trading higher ahead of the outcome of the meeting of the GST Council today. The government may ease norms for filing returns for small and medium traders, further easing the disruption created in the textile industry due to the twin blows of GST and demonetization, as per media report. Read More

Indorama Ventures completes acquisition of DuraFiber Technologies

Indorama Ventures Public Company Limited (IVL), a global chemical producer, has completed the acquisition of DuraFiber Technologies México Operations, S. A. DE C. V. (Durafiber), a leading Mexican producer of durable technical textiles for industrial, tire reinforcement, and specialty applications globally. Read More

RSR Mohota Spinning hits fresh 52 week high

Rai Saheb Reckhchand (RSR) Mohota Spinning & Weaving Mills gained on BSE on the closing hours of Thursday’s trade. The stock traded in its fresh 52 week high of Rs 262.95 per share on Thursday’s trade and witnessed a spurt in volume by more than 1.74 times. Read More

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