Business

Chennai, Jan24 (BPNS) The textile industry of Tamil Nadu has sought for export incentives and additional credit support in the budget for 2023-24 of the Union government to be presented in the parliament on February 1. The Tiruppur textile industry which is the pioneer for exporting of textiles from Tamil Nadu and for that matter […]

Chennai, Dec 22 (BPNS) Shriram Finance Limited (Shriram Finance), India’s largest retail NBFC announced today that the AUM of the company in Tamil Nadu touched INR 30,000 Cr. The growth has been on the back of an economic turnaround, rural markets revival, and pick-up in infrastructural activity. This has in turn driven up demand for […]

Chennai, Dec 16 (BPNS) The migrant workers of the textile capital of Tamil Nadu, Tiruppur are facing uncertainty as several units are shut down following fluctuating yarn prices. The textile city which was once buzzing with activities have now in lockdown mode. Sujit Mandal, a migrant worker from Midnapore in West Bengal who has been […]

Chennai, Dec 11 (BPNS) The dwindling supply of flowers has increased the price of Jasmine in the local markets of Tamil Nadu, especially the Madurai market. Flower traders told BPNS that the rains and morning mist have taken their toll on production of Jasmine and hence the supply is hit in Madurai, Coimbatore, Tiruchy, and […]

Thiruvananthapuram, Dec 2 (BPNS) Kearla based Beta group headed by business tycoon, Dr. J. Rajmohan Pillai which is the one of the largest food conglomorate of Asia will be investing 100 Million US dollars in West African nation, Guinea Bissau to open a new cashew processing unit. A memorandum of understanding was signed in this […]

Thiruvananthapuram, Nov 6 (BPNS) The Cochin Shipyard Limited (CSL) will join hands with the Indian Institute of Technology (IIT) Madras to support start ups in the maritime sector. The CSL in a statement on Sunday said that this programme will help young talented entrepreneurs to develop products or services with financial support from the shipyard. […]

Chennai, Oct 25(BPNS) Industries in Tiruppur and Coimbatore of Tamil Nadu will be affected as migrant workers in large numbers have left home for celebrating Deepavali. After the Covid -19 pandemic created a big lull in celebrations this year most of the labourers and skilled workers from North Indian states have left for home. Coimbatore […]

Chennai, Oct 17 (BPNS) In a move that brought tears of joy to the face of employees, a Chennai-based jeweler gifted his employees with Maruti Swift cars, Honda Shine, and Honda Activa two-wheelers ahead of Deepavali. According to information available, the businessman had spent an amount of Rs 1.2 crore on the expensive Deepavali gifts. […]

Chennai, Oct 15 (BPNS) The Tamil Nadu Handloom Cooperative Society (COOPTEX) has launched 500 new designs in collaboration with National Institute of Fashion Technology (NIFT) and the National Institute of Design (NID). Tamil Nadu Minister for Handlooms and Textiles, R. Gandhi in a statement on Saturday said that Co-Optex have 150 showrooms across the country […]

Chennai, Oct 12 (BPNS) The power loom workers of Tamil Nadu are facing a bleak Deepavali this year as there are no orders from the master weavers due to high yarn prices. There are 2.5 lakh power looms in Tiruppur district alone which is the textile capital of South India with export orders to various […]