Bombay Rayon Fashions news and archive

Lower Q3 results disappoints textiles industry

Leading textile players saw disappointing third quarter results. While 24 percent decline in crude prices during October to December 2014 negatively affected polyester industry, cotton prices too saw downward spiral by 15-18 per cent leading to a wait and watch approach by buyers, says a Textile Excellence report. The industry as a whole saw a...

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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...

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Bombay Rayon off Central Bank’s wilful defaulter list

Bombay Rayon Fashions has repaid one third of its Rs 100 crores debt owed to the Central Bank of India. Earlier, it was reported that the Central Bank had referred Bombay Rayon Fashions case to Reserve Bank of India as ‘wilful defaulter’. The bank had sent a legal notice to Bombay Rayon which had defaulted on payment of loan amount of Rs 4,055...

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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...