TEXTILES

Century Textiles drags Snapdeal, its founders to court over trademark infringement

October 18, 2016 | Maulik Vyas

Century Textiles and Industries Ltd has filed a case against e-commerce marketplace Snapdeal, its founders Rohit Bansal and Kunal Bahl, and KK Modi Group company Modicare Ltd in the Bombay High Court for trademark infringement of one of its products.

Baba Ramdev's khaadi clothes manufacturing plans attracts Raymond, Arvind interest

October 07, 2016 | Joseph Rai

Yoga guru Baba Ramdev-endorsed Patanjali Ayurved Ltd's plans to enter into the apparel business by making indigenous 'khaadi' clothes has attracted the interest of textile industry's Raymond Group and Ahmedabad-based textile manufacturer Arvind, according to a report.

Nandan Denim to raise $15 mn via warrants for expansion

September 28, 2016 | Joseph Rai

Indian denim fabric maker Nandan Denim Ltd said on Wednesday it aims to raise Rs 100 crore ($15 million) through an issue of warrants to foreign investors to fund its expansion.

Dixcy Textiles looking to raise up to $45 mn, to hire I-banker

September 13, 2016 | Debjyoti Roy

Innerwear maker Dixcy Textiles Pvt. Ltd is looking to raise nearly Rs 300 crore ($44.8 million) as growth capital from private equity investors, according to a media report.

India's textile sector totters even as global fashion brands thrive

August 17, 2016 | Shruti Jain

Even as top global fashion brands such as Zara, Mango, Vero Moda, H&M, Forever 21 and Marks & Spencer vie for a share of the Indian market, the country’s textile sector continues to reel under the burden of mill closures and sagging exports.

Blackstone sells 10% stake in Gokaldas Exports at huge loss

June 10, 2016 | TEAM VCC

Private equity giant Blackstone has sold just under 10% stake in garment exporter Gokaldas Exports Ltd or one-sixth of its total holding in the firm as it looks to gradually liquidate one of its loss-making investments in India.

Blackstone-controlled Gokaldas puts more realty assets on the block

January 06, 2016 | Anuradha Verma

It had agreed to sell a factory to Raymond in April last year.

Nandan Denim raises $7.5M from Polus Global Fund

November 10, 2015 | Anuradha Verma

Post conversion, Polus Global will own 5.48 per cent stake in Nandan.

Bombay Dyeing scraps deal to sell textiles unit to Oasis

October 16, 2015 | Anuradha Verma

It will now negotiate with other potential buyers.

Exclusive: GIC may swap stake in Reid & Taylor with debt-laden listed parent S Kumars

May 28, 2015 | Shruti Ambavat

S Kumars now trades as a penny stock.

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