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  • Business
    PTI

    Uptick in passenger vehicle sales to raise aftermarket demand: Auto part makers' body

    Mumbai, Oct 20 (PTI) The uptick in the passenger vehicles segment, coupled with car parc of second-hand vehicles, on account of increased use of personal cars is expected to lead to a rise in aftermarket demand, according to automobile component makers' body ACMA.

  • Business
    Dalal Street

    Indo Count Industries Ltd forays into bed linen markets; locks in at upper circuit

    The textile & electronic product manufacturer, Indo Count Industries, jumped five per cent to Rs 141.30 and locked in at the upper circuit as the company forayed into the Indian bed linen market. The company has entered into a new business of the Indian bed linen market with total market size of Rs 12,000 crore. It has forayed with its new brand, ‘Layers’. After the success of the company’s premium range of bed linen products from ‘Boutique Living’, Indo Count believes that this brand would prove to be a winning combination in the value-driven market. Looking at the industrial front, China has a 39 per cent share in home textile exports with USD 19 billion, followed by India at 11 per cent with USD 5 billion. India, being the second largest home textile exporter as well as the largest producer of cotton in the world, is expected to benefit from this structural shift. Indo Count Industries’ product portfolio includes bedsheets, utility bedding, fashion bedding, and institutional bedding. It exports to 54 countries across five continents and is looking forward to widening its geographical footprint in the long-run.

  • News
    PTI

    InvITs to acquire over Rs 4 lakh cr of infra assets in five years: Icra

    Mumbai, Oct 20 (PTI) Infrastructure Investment Trusts (InvITs) are likely to acquire infrastructure assets worth over Rs 4 lakh crore in the next five years as the market matures, a domestic ratings agency said on Tuesday.