Latest news with #Apparel
Yahoo
21-05-2025
- Business
- Yahoo
IDeA World College Students Shine in University Rankings
BENGALURU, India, May 21, 2025 /PRNewswire/ -- Students from IDeA World College, a leading design institute affiliated with Bangalore University, have achieved remarkable success in the recently announced Bangalore University Semester Examination results. The college, well-regarded for its specialized programs in fashion and interior design, is celebrating the academic distinction of three students who secured top university ranks in their respective fields. Himadri Suguru, a student of in Fashion and Apparel Design (FAD), secured an impressive 2nd rank, showcasing both academic excellence and a strong foundation in design. Alongside her, Grishmaa R Bavishi, from the in Interior Design and Decoration (IDD) program, secured the 6th rank, and Nidhi D Kulkarni, also from the Fashion and Apparel Design course, earned the 7th rank. All three belong to the 2021 batch and have demonstrated remarkable dedication, creativity, and scholarly discipline throughout their academic journey. The management of IDeA World College expressed pride in the achievements of its students, noting that these results reflect the institution's commitment to nurturing talent and providing industry-oriented design education. "Design education is about more than just creativity—it's about clarity of thought, innovation, and execution. We are proud of our students for embodying these values and achieving such commendable results," said Zulekha Asif, Fashion Design Faculty, IDeA World College. The accomplishments of these students not only bring laurels to the college but also reinforce its reputation as a premier destination for aspiring designers in India. View original content: Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Nike (NKE) Stock Dips While Market Gains: Key Facts
Nike (NKE) closed the latest trading day at $62.39, indicating a -0.3% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw a downswing of 0.64%, while the tech-heavy Nasdaq appreciated by 1.61%. Prior to today's trading, shares of the athletic apparel maker had gained 12.94% over the past month. This has lagged the Consumer Discretionary sector's gain of 16.16% and outpaced the S&P 500's gain of 9.07% in that time. The upcoming earnings release of Nike will be of great interest to investors. The company is forecasted to report an EPS of $0.10, showcasing a 90.1% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $10.65 billion, down 15.49% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.15 per share and revenue of $45.87 billion, indicating changes of -45.57% and -10.7%, respectively, compared to the previous year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nike. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% increase. Nike is holding a Zacks Rank of #3 (Hold) right now. Looking at its valuation, Nike is holding a Forward P/E ratio of 29.11. This valuation marks a premium compared to its industry's average Forward P/E of 15.88. We can also see that NKE currently has a PEG ratio of 1.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Shoes and Retail Apparel industry held an average PEG ratio of 1.01. The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 221, this industry ranks in the bottom 11% of all industries, numbering over 250. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NIKE, Inc. (NKE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Fashion Value Chain
23-04-2025
- Business
- Fashion Value Chain
Chhattisgarh, CMAI to Open Textile Hub in Raipur
The Chhattisgarh Government signed a landmark Memorandum of Understanding (MoU) with the Clothing Manufacturers Association of India (CMAI) during FAB Show 2025 in Mumbai to establish a Textile & Apparel Facilitation Centre in Raipur, furthering the state's industrial vision under the leadership of Hon'ble Chief Minister Shri Vishnu Deo Sai. The initiative aims to enhance investments, employment, and industrial competitiveness in Chhattisgarh, positioning it as an emerging textile hub. The MoU outlines key action points: Establishment of a CMAI office in Raipur Promotion of Chhattisgarh's industrial policies among manufacturers Market linkage support for local apparel MSMEs Chief Minister Sai emphasized the State's continued support for the MSME sector, mentioning the ₹271 crore NIFT campus coming up in Raipur and industry-friendly incentives for units employing 1,000+ locals. He stated, 'With a conducive environment, skilled workforce, and strong connectivity, Chhattisgarh is ready to become a manufacturing powerhouse.' CMAI President Mr. Santosh Katariya expressed optimism about the collaboration, calling Chhattisgarh 'a promising frontier' for the apparel sector. He added, 'This MoU will open up new avenues of growth and policy engagement, while connecting local players with national markets.' Present at the MoU signing were top State officials including Shri Amitabh Jain, Chief Secretary; Shri Rajat Kumar, Industries Secretary; and Shri Subodh Kumar Singh, Principal Secretary to the CM. CMAI dignitaries included Ankur Gadia, Vice President and Naveen Sainani, Hon. General Secretary & FAB Show Chairman. The MoU was signed during the 5th CMAI FAB Show, India's largest B2B sourcing platform for fabrics and accessories. As a State Partner, Chhattisgarh also hosted a dedicated pavilion promoting its 'Business Made Easy' initiative and showcasing its apparel sector's potential.
Khaleej Times
10-04-2025
- Business
- Khaleej Times
How UAE-India trade corridor helps keep prices low, quality high for imports in Dubai
A trade agreement signed by UAE and India in 2022 has helped to keep the cost of imported Indian products low in Dubai, according to a local retailer. Nilesh Ved, Chairman and CEO of Apparel Group, said that the partnership helped reduce the cost of imports and likely increased sales of these products. The UAE-India Comprehensive Economic Partnership Agreement (CEPA) was signed in 2022 and opened a mutually-beneficial corridor which increased trade between the two countries by over 20.5 percent since then. 'Most of the items that we bring into the UAE, that is made in India, are free of duties,' he told Khaleej Times. 'Earlier the duty was 5 per cent but since the CEPA agreement, it went down to zero. This significantly lowers our costs, which means the retail price also comes down; it's a win-win situation.' The Apparel group, which was established in 1996, sells over 85 brands of products including bags, shoes, clothes and cookware. He added that since the agreement, the group has seen sales go up. 'Because the price is lower, naturally the increase in sales of Indian products is higher,' he said. 'The quality has also improved.' Nilesh was speaking on the sidelines of the Dubai-India Business Forum, which was held in Mumbai to coincide with the first India visit of Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. The forum brought together entrepreneurs and decision-makers of both markets together to explore mutually beneficial ventures. During the forum, Abdulla bin Touq Al Marri, UAE's Minister of Economy, pointed out that the trade between both countries hit above $65 billion in 2024 in non-oil trade. The CEPA agreement had aimed to take that figure to $100 billion by 2030 – a feat that many experts say will be achieved well ahead of time. According to Nilesh, Dubai offered a gateway for many Indian businesses to expand into the world. One of the Indian entrepreneurs that attended the forum, Juzar Potia, said that he was hoping to expand his STEM education venture, Duck Learning India, to Dubai. 'I met a lot of Dubai-based companies with whom I had fruitful discussions,' he said. 'Hopefully, with the support of the Dubai International Chambers, I will be able to expand my business into Dubai soon.' 'With over 200 nationalities living in the city, it is the perfect market for Indian business to test the waters,' Nilesh said. 'Whether they want to expand into Philippines or Spain or Egypt, they can test the product with these nationalities in Dubai and fine-tune their strategies before making a leap into that market.'
