Indian textile major Arvind Limited will invest Rs 300 crore (approx $46 million) to set up a textile and apparel park in the state of Andhra Pradesh to boost its production capacity, said a top company official.
The Central Bureau of Investigations (CBI) has made four more arrests in the $2 billion fraud case involving state lender PNB, widening the investigation of the biggest banking fraud in the country’s history.
European and U.S. competition regulators on Thursday approved the 48-billion-euro (42.49 billion pounds) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor, sending shares in both companies higher.
The latest update to the Changing Markets Foundation’s “Dirty Fashion” report has re-investigated two Aditya Birla textile factories in India and Indonesia and stated that conditions have worsened over the past year.
The National Institute of Fashion Technology (NIFT) will invest Rs 30 crore (approx $4.6 million) to conduct a national sizing surveythat will help with a standardised 'India size chart' for ready-made garments.