Welspun India must pull up its socks and act quick to control damage, say experts
Sulekha_nair • 9 years agoSome of the experts ask why did it take two years for Target to raise the issue. A few others feel this means the problem is systemic and Welspun cannot sit out waiting for the audit report to come out
Now, US retailer Bed Bath orders probe into Welspun's textile products
• 9 years agoThe company's announcement came after Wal-Mart, the world's largest retailer, said it is reviewing Welspun's cotton certification records
Welspun India: Rs 4,400 cr investor wealth wiped out as more cos join probe
Fp Staff • 9 years agoAfter Wal-Mart, JCPenney is also conducting a thorough investigation of its Welspun textiles
Scientists find Earth-like planet circling sun's nearest neighbor | Reuters
• 9 years ago
Will continue to do biz with Welspun till probe outcome: IKEA
• 9 years agoSwedish furniture retail major IKEA today said it will continue its business collaboration "as usual" with Welspun India till the outcome of an ongoing investigation by the Gujarat-based firm over lapses in its supplies to US-based Target
IKEA says will continue to do business with Welspun India, to await sales probe outcome
• 9 years agoWelspun's shares have plummeted this week after U.S. big-box retailer Target terminated business with the firm, saying it had passed off cheap sheets as premium Egyptian cotton
Ahead of expiry, Sensex ends 70 pts higher; all eyes on US Fed chair Yellen's speech
• 9 years agoGlobally, investors' focus is on US Federal Reserve Chair Janet Yellen's speech at the bankers' gathering in Jackson Hole later this week
Welspun India's woes continues, now Walmart to review co's cotton certification records
Fp Staff • 9 years agoWalmart is reviewing cotton certification records of Welspun India in the wake of Target Corporation's decision to terminate contract with the Gujarat-based textiles maker
Welspun India shares on a free-fall mode, tanks 40% in 2 sessions after US client ends contract
Fp Staff • 9 years agoSince January, the stock has crashed 93 percent owing to sustained selling pressure by investors
Welspun India promoters up stake to 59.56 % in company
Fp Archives • 13 years agoWelspun India promoters have increased their stake in the company by 11.50 percent to 59.56 percent through acquisition of shares worth Rs 55.30 crore from the open market.