Apparel maker Indus Fila Ltd has announced that its board has approved raising $50 million in the form of equity or debt.

New Delhi: Prime Minister Manmohan Singh advised the textile business industry to look far-off and invest for the approaching two decades and not for the upcoming season.

Asking them to adapt to the altering situation by abbreviating costs and getting competitive, Manmohan guaranteed them that the administration would take all measures to make sure that real productive segments of the economy are not hurt by rupee appreciation.

For the financial year Mar. 31, 2007, the directors of Gupta Synthetics has approved dividend of 10% on shares of face value of Rs 10 each.

The decision was taken at the company’s board meeting held on Aug. 20, 2007.

Gupta Synthetics recorded a 46.12% increase in net profits to Rs 40.68 million for the quarter ended June 2007 as against Rs 27.84 million in the same period of the last year.

Technical Analyst, Prakash Gaba stated that Arvind Mills has a resistance leve

The Oswal Group flagship firm Vardhman Polytex announced that the company will raise 10 million dollars through the issue of Foreign Currency Convertible Bonds (FCCBs) in overseas market.