Indian News


WELSPUNIND-TGT-WMT-082316.jpg Welspun India Ltd.'s shares tumbled in Mumbai trading on the second day in a row by nearly 20 percent after retailer Target terminated business with the Indian textile manufacturer over cheaper bedsheets and pillowcases being labeled as premium Egyptian cotton. Following this, retail giant Wal-Mart Stores Inc. is reviewing supplier Welspun's cotton certification records, according to Bloomberg.

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