DeMo woes: Textile mills staring at a bleak future as sales slump

Recovery seen in Q4, companies continue to focus on enhancing cash flow After a strong start this festive season, textile and apparel manufacturers and retailers suffered a sharp contraction in......

Indorama SPL snaps up Nigerian firm for $225 mn

After a series of negotiations spread over almost a year, the SP Lohia-owned Indorama SPL has sealed the acquisition of Nigerian Eleme Petrochemicals for $225 million. SP Lohia is the brother of OP......

Indo Rama shelves retail plans

At a time when Indian corporates are falling over each other to grab a share of the Rs 20,000 crore (Rs 200 billion) organised retail opportunity, the Lohia family of Indo Rama has shelved its......

Indo Rama plans US venture with Pegasus

Polyester producer Indo Rama Synthetics (India) is setting up a joint venture in the US with Pegasus Global of Thailand. It expects to close the deal in early April.Named StarPet inc, the venture......