Precot Meridian Ltd plans to exit from the fabrics business. The company believes it would be in its long term interest to do so as input costs and prolonged power shortage in the State have added to the losses from the division that is loss-making since inception. The fabrics division contributes around 12 per cent to the company's turnover of about Rs 600 crore. In a communication to the stock exchanges, Precot Meridian said that it established, as part of a diversification strategy, weaving

The Chairman, Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), India, Vinod Kumar Ladia, has urged Pakistan and India governments to expedite normalisation of trade relations at a much faster speed as the business communities in the two countries want to play their due role. Vinod Kumar Ladia was speaking at the Lahore Chamber of Commerce and Industry on Monday. LCCI President Farooq Iftikhar presented Address of Welcome. The Chairman, Synthetic & Rayon Textiles Export Pr

Zuoan Fashion Limited a leading design-driven fashion casual menswear company in China, today announced its financial results for the third quarter ended September 30, 2012. James Hong, Founder, Chairman of the Board and Chief Executive Officer, commented, "Our revenue growth was a result of increased distributor sales volumes as well as increased sales volume from our direct stores. We came in slightly below our third quarter top line revenue forecast largely due to an inventory shipment del

The absence of minister of commerce Anand Sharma at the 'India Show' in Dhaka has not been a big dampener as the warmth of both Indian and Bangladeshi business communities marked the day celebrated in Bangladesh as the countdown to its independence when India had formally joined the freedom war on December 3, 1971. Even as a majority of the local newspapers and FM channels hailed India's role in Bangladesh's independence, on Day One of the India Show, representatives from corporate India and t

There are times when fashion minds meet and make something wonderful. A recent piece in The Guardian's Fashion Blog celebrated the 'perfect fit' of the upcoming collaboration between MIA and Versace. Given both party's elaborate and colourful attitude to fashion and design, the result of such collaboration looks to be a complete rush of colour and pattern, hitting the sense in a great, beautiful Big Bang. Versace, a particularly bright and strong brand, suits the equally innovative style o

QFIB expands interests in Turkey with acquisition of 40% stake in home textile-retailer 'English Home' Qatar First Investment Bank (QFIB), Qatar's first independent Shari'ah compliant bank authorized by the QFC regulatory authority, announced the acquisition of a 40% stake in English Home, the leading retailer of home textile products in Turkey. The acquisition marks QFIB's first venture into the retail sector and the second in the Turkish market, which further demonstrates QFIB's commitment t

Tufts University School of Engineering researchers have demonstrated silk-based implantable optics that offer significant improvement in tissue imaging while simultaneously enabling photo thermal therapy, administering drugs and monitoring drug delivery. The devices also lend themselves to a variety of other biomedical functions. Biodegradable and biocompatible, these tiny mirror-like devices dissolve harmlessly at predetermined rates and require no surgery to remove them. The technology i

Karina Oldemans Interior announces the launch of OCARINE a distinctive collection of accent pillows designed to bring a touch of runway inspired couture into a variety of interior decoration styles. The OCARINE collection is available to the trade at Bausman & Company; 921 North La Cienega Blvd., Los Angeles, CA 90069, and features fabrication using only the highest quality of materials and workmanship. Pillows come individually encased in a silk organza dust bag. They additionally offer

Clothes are made for export at Thanh Cong Garment Co in HCM City. The garment industry has generated just $13.78 billion from exports so far this year. — VNA/VNS Photo Van Khanh Concerns have been raised over whether the garment and textiles industry would meet its annual export target of US$17 billion this year due to global economic hardships, according to the Viet Nam Garment and Apparel Association (Vitas). Vitas vice chairman Pham Xuan Hong said that with an export turnover of $1.3 bill