Not Garden Variety
Garden Silk Mills manufactures polyester yarn and fabrics and had pioneered the branded polyester sari and dress material business in India. Its products include PET chips, polyester yarn and fabrics like georgette, chiffon, faille, greige fabric, jacquard (dyed and printed) for blouses, skirts and dresses. Garden was once known for its fabrics and unique designs. But, in the past...
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MERC stays its own order on Reliance power tariff
In an unprecedented move, the state power regulator has stayed its own tariff order that allowed Reliance Infrastructure (RelInfra), earlier known as Reliance Energy, to hike the electricity charges by 7% for residential consumers from July.

The Maharashtra Electricity Regulatory Commission (MERC), which was asked by the state government to review the power tariff structure of...

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Tata Motors Q1 net profit zooms 58% on one time gain
Tata Motors Ltd, India's largest vehicle maker Monday reported a 58% growth its first quarter net profit mainly on the revenues earned by selling its stake in Tata Steel Ltd to its parent company—Tata Sons Ltd.

For the quarter to end-June, Tata group’s standalone net profit jumped to Rs5.1 billion from Rs3.3 billion, while its total revenues including sales declined 7.6% to Rs64.0...

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