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Textiles

Six key sectors contribute to 36% of bad debts: RBI Data

Six key sectors contribute to 36% of bad debts: RBI Data
The Reserve Bank of India (RBI) has said about 36 % of the overall 4.1 % bad assets in the system have been created by the six sectors of the economy – infrastructure, metals, textiles, chemicals, engineering and mining. The central bank stated that these sectors, though, have only 30 % of the credit share [...] Continue Reading »

Industry sees weak demand in next 3 months

Industry sees weak demand in next 3 months
A survey by Ficci founds that the industry sees a poor demand over the next 3 months. Tortured by the econonic slowdown and high interest rates is responsible for industry trouble and there was little chance of improvement in upcoming 6 months. The Survey by Ficci found that not only the cost but even the [...] Continue Reading »



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