Gloster has posted a good set of earnings in Q3 as revenue growth was steady but margins were impacted by higher employee costs. In an interview to CNBC-TV18, Hemant Bangur, Chairman of Gloster spoke about the results and his outlook for the company.
Jute stocks are rallying in trade because the government likely to re-launch a special drive from mid May to monitor compulsory use of jute sacks for the preservation and transportation of 17 products.
In an interview to CNBC-TV18, the Chairman of Gloster, Hemant Bangur said that imports from Nepal and Bangladesh were hurting domestic jute industry.
In case fire claims are settled they will be considered as income to the company, says Gloster's Managing Director Dharam Chand Baheti.