Lux Industries has incorporated a wholly owned subsidiary, Lux Global Limited, in West Bengal as part of its ongoing business restructuring process linked to the proposed demerger of its Vertical C business. The company said the new entity was incorporated on May 18, 2026 and will engage in the
The Confederation of Indian Textile Industry (CITI) has expressed deep concern over the latest US tariff hike on Indian textile and apparel imports, calling it a severe blow to the sector. The effective 50% tariff rate, announced on August 6, is expected to drastically weaken India’s competitiveness in its largest export market. “This is a […]
The domestic textiles and apparel (T&A) sector has applauded the growth-focused measures announced by Union Finance Minister Nirmala Sitharaman in the Budget 2025. Welcoming the progressive budgetary steps aimed at infusing the much-needed momentum, the apex industry body, Confederation of Indian Textile Industry (CITI) says that Budget reflects the government’s














