bombay news and archive

Bombay Rayon Q2 results suffer due to European slowdown

Affected by the slowdown in Europe and rising input costs, the Mumbai-based vertically integrated textile company Bombay Rayon Fashions reported a net loss of Rs 104.85 crores in the second quarter ending September 30, 2013, against the net profit of Rs 43.58 crores in the corresponding quarter of previous fiscal. The loss, however, narrowed...

Apparel

Bombay Rayon on RBI’s wilful defaulters’ list

Central Bank of India has referred to Bombay Rayons Fashions to Reserve Bank of India ‘wilful defaulters’. The bank has sent a legal notice to Bombay Rayon which has defaulted on payment of loan amounting to Rs 4,055 crores that was lent to them. The notice was issued after the textile company refused to allow the bank to conduct a forensic...