UK retail performance likely to drop in Q4 2017: Report

2018/01 05 07:01

UK retailers are likely to witness a decline in their business in Q4 2017, bucking the four-year trend of retail health not downturning between the third and fourth quarters, says a report. However, Q3 2017 brought some respite with improving demand in summer contributing to a better performance for retailers, holding off a third consecutive […]

Samsung Engineering bags EO/EG contract from JUPC

2018/01 05 07:01

Samsung Engineering president & CEO Sungan Choi and Jubail United president Abdullah Al Shamrani at the contract signing ceremony. Courtesy: Samsung Engineering South Korean firm Samsung Engineering has received a contract from Jubail United Petrochemical Company (United), an affiliate of Saudi Basic Industries Corporation (SABIC), for a $700 million ethylene oxide–ethylene glycol (EO/EG) plant in […]

Egypt’s home textiles exports up 4.8% in Jan-Nov ’17

2018/01 05 07:01

Exports of home textiles from Egypt increased 4.8 per cent year-on-year in January-November 2017. Exports during the eleven-month period were valued at $664 million, as against $443 million registered in the same period last year, according to the Egyptian Home Textiles Export Council (HTEC), under the ministry of foreign trade and industry. Around 40 companies, […]

Bihar to house Rs 60 crore silk farming centre

2018/01 05 07:01

The government of Bihar has sanctioned a grant of Rs 60 crore for the set up of an advanced centre on sericulture in the state. The centre will come up at Abdul Kalam Agriculture College in the Kishanganj district. The establishment of the proposed silk farming centre will help in the development and growth of […]

RIL starts world’s largest ROGC; doubles ethylene capacity

2018/01 05 07:01

The Jamnagar plant of Reliance Industries Limited (RIL) has become home to the world’s largest operating refinery off-gas cracker (ROGC). With this, RIL has joined the distinguished league of top 5 petrochemical producers globally. This has also doubled RIL’s ethylene production capacity, which is now close to 4 MMTPA at five of its manufacturing sites. […]

Coir mattress producers want reduced GST rate

2018/01 05 07:01

The All India Coir Mattress Manufacturers Association (AICMMA) has urged the Coir Board to suggest to the central government to reduce the goods and services tax (GST) rate on rubberised coir mattress, the largest selling coir product in the country, from 18 to 5 per cent to stimulate sales and trigger a shift from the […]

Uzbekistan exported textile worth over $1 bn in 2017

2018/01 05 07:01

Light industry enterprises of Uzbekistan exported products worth $1.1 billion to 50 nations in 2017 and the share of value-added products exceeded 40 per cent. The number of exporting enterprises rose from 293 in early 2017 to 350 by the year end. The country produces around 1.4 million tonnes of cotton fibre annually, of which […]

Indian govt eases rectification norms for GST returns

2018/01 05 07:01

The ministry of finance has simplified the regulations to rectify the error made by the businesses during the filing of returns – GSTR-3B. Several representations were received by the government seeking clarifications on various aspects of return filing such as return filing dates, amendment of errors in submitting/filing of GSTR-3B and other queries. Now, the […]

CAI retains 2017-18 cotton estimate at 375 lakh bales

2018/01 05 07:01

In its December 2017 estimate of the cotton crop for the 2017-18 season beginning October 1, 2017, the Cotton Association of India (CAI) has maintained the forecast at 375 lakh bales, i.e. at the same level as in the previous estimate. The projected Balance Sheet drawn by the CAI estimates total cotton supply for the […]