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This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares , in a public company , it can be a non-dilutive pro rata way to raise capital.
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd. [17] During 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 145,000 tonnes per annum. [17] The Hazira petrochemical plant was commissioned in 1991–92. [21]
The Great Bombay Textile Strike was a textile strike called on 18 January 1982 by the mill workers of Mumbai under trade union leader Dutta Samant. The purpose of the strike was to obtain a bonus payment and an increase in wages. Nearly 250,000 workers of 65 textile mills went on strike in Mumbai. [1]
Thus, the Agreement on Textiles and Clothing (ATC) stipulated a systematic and progressive elimination of the Multi Fiber Arrangement (MFA) over a span of ten years. This process culminated on 1 January 2005. Under the MFA, quotas were imposed on the export of textiles and garments from developing countries to developed nations from 1974 to 1994.
In National Textile Workers Union v Ramakrishnan [8] the Supreme Court (with Bhagwati J giving the leading judgment) held that employees had a right to be heard in a winding-up petition of a company, because their interests were directly affected, and their standing was not excluded by the wording of the Companies Act 1956 section 398. Excel Wearv.
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