Recent News

Today evening, the rupee depreciated by 44 paise to close at Rs 75.38 against the dollar.Heavy fall in Sensex again, 773 points closed and closedToday the stock market closed with a fall. Today, where the Sensex fell by 773.11 points, closed at the level of 58152.92 points. On the other hand, Nifty closed at the level of 17374.80 points down by 231.00 points. Apart from this, a total of 3,408 companies were trading in BSE today, out of which about 935 shares closed up and 2,372 shares closed down.

Indian cotton yarn journey, from knitting to packingIndia is hoping its labour-intensive textiles and apparel (T&A) companies will help it address a jobs crisis, and has promised to pump about $2 billion into the industry over the next few years to generate more than 1 million jobs.About a third of the money would go into setting up seven so-called Mega Integrated Textile Region and Apparel parks, each spanning across more than 1,000 acres (404 hectares).The government says India's T&A companies, small and large, are too scattered across the vast country, which delays delivery and raises cost.At a Dubai expo late last year, a senior Indian textile ministry official laid out the typical cotton-to-clothes network in India:Cotton is grown in states such as Telangana and Andhra Pradesh in the south; then goes further south to Tamil Nadu for spinning into yarn; weaving happens in the western states of Gujarat and Maharashtra; processing occurs in neighbouring Rajasthan; from where it goes to the national capital region of Delhi in the north, Bengaluru in the south and Kolkata in the east for garment-making.Cotton produced by a farmer in Telangana can move thousands of kilometres to become a T-shirt, compared with barely a few hundred kilometres in Bangladesh, though the latter is reliant on cotton produced in India and China.Some Indian textiles industry officials say many companies have now moved their factories closer to raw materials.Here is an illustration of how cotton is turned into shirts in India, using the example of Texport Industries, whose buyers include Walmart Inc, Kohl's Corp, Tommy Hilfiger and Nautica.YARNTexport, whose main factories are in the town of Hindupur in Andhra Pradesh, sources white or dyed yarn from suppliers in Gujarat, Maharashtra and Tamil Nadu. The supplies come from factories located anywhere between 350 km (215 miles) and 1,450 km (900 miles) away.FABRICthe Hindupur factories use South Korean knitting machines to produce rolls of fabric from yarn to make products such as T-shirts for Tommy Hilfiger.The factories buy woven fabrics to make shirts and tops for Kohl's from firms spread across various textile clusters in Tamil Nadu, located within a radius of 350 km.GARMENTSThe in-house and third-party fabric rolls then move to giant plants nearby where thousands of people work machines, scissors and hot irons in eight-hour shifts.The dyed and washed rolls are unrolled using machines. Plain ones are shaped by machines in batches, checked ones using scissors.An army of mostly women seamstresses then stitch them into T-shirts, shirts, tops and kids' jumpsuits that are inspected, washed, dried, pressed, tagged and then packed into cartons to be trucked to the seaport in Chennai, some 400 km away, before they are shipped to nearly two dozen countries, mainly the United States.

Rupee depreciates against dollar, opens weak by 41 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 41 paise at Rs 75.35 against the dollar. At the same time, on Thursday, the rupee closed at Rs 74.94 with a weakness of 13 paise against the dollar.

Sensex falls again, breaks 612 points openToday the stock market opened with a fall. Today the BSE Sensex fell by about 612.80 points and opened at the level of 58313.23 points.

All India weather forecast for February 11, 2022Weather systems made across the countryThe Western Disturbance has moved eastwards.A Cyclonic Circulation is persisting over Northeast parts of Bihar.A trough is extending from this circulation over Bihar to North Interior Karnataka via Chhattisgarh and Telangana.Another cyclonic circulation lies over the Bay of Bengal, southwest of Sri Lanka.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain and thundershower occurred over Uttar Pradesh, East Madhya Pradesh, parts of Vidarbha, Chhattisgarh, Bihar, Jharkhand, West Bengal, southern islands of Andaman and Nicobar Islands and Interior Odisha.Light rain occurred in Sikkim and Assam.The minimum temperature has dropped by 3 to 4 degrees over Northwest India and Central India.Weather activity likely during next 24 hoursDuring the next 24 hours, isolated light rain is likely over Assam, Meghalaya, Arunachal Pradesh, southern parts of Tamil Nadu, Andaman and Nicobar Islands and rest of Northeast India.The minimum temperatures are likely to drop further over Northwest India, Central India and parts of East India.

Wait for revival of demand for cotton yarn gets longer in north IndiaThe prices of cotton yarn continued to remain stable in north India as recent rains and low temperature has prolonged the delay in revival of summer clothing demand. To some extent, desperation for sale increased on the part of traders, brokers and spinning mills. Some were even offering unofficial discounts on market rates to lure they buyers.“We cannot have big hope from summer season as downstream industry has ample stocks of grey fabrics, finished fabrics and readymade garments. Cotton yarn prices were ruling at discount of ₹10-15 per kg on spinning mills’ rates which shows poor demand from downstream industry,”He also cautioned for downward trend after mid-February as Chinese new cotton arrival will depress market sentiments globally including in India.Panipat market also noted similar trend on demand front. According to the trade sources, new cotton yarn and recycled cotton yarn were traded at previous prices. Recycled yarn is not getting support for the last few weeks as there is ample availability of raw material i.e., fibre of used clothing. Poor demand from furnishing segment was also depressing market sentiments. Normally furnishing demand picks up before Diwali.In Ludhiana market too, cotton yarn demand remained weak. Cotton yarn of 20 and 30 counts in combed variety were traded stable at ₹360-370 per kg and ₹390-400 per kg respectively. Carded yarn in 30 counts was quoted at ₹360-370 per kg,In Delhi, cotton yarn of 30 count combed was traded steady at ₹350-360 per kg, 40 count combed at ₹420-430 per kg, 30 count carded at ₹340-350 per kg and 40 count carded at ₹380-395 per kg, according to TexPro. 10 count weaving (O/E) yarn was quoted at ₹125-130 per kg, and 16 count weaving (O/E) at ₹165-170 per kg.In Panipat, cotton yarn prices were recorded as: 10s recycled yarn (white) at ₹95-100 per kg, 10s recycle yarn (dyed) at ₹90-100 per kg, and 20s recycled yarn (dyed) at ₹100-125 per kg. 10s optical yarn was traded at ₹90-100 per kg in the market. 2/40 combed yarn of new cotton fibre was traded at ₹400-410 per kg.

Today evening, the rupee depreciated by 13 paise to close at Rs 74.94 against the dollar.Today the stock market closed sharply.Today, where the Sensex closed at the level of 58926.03 points, up by about 460.06 points. On the other hand, the Nifty closed at the level of 17605.80 with a gain of 142.00 points.  

Rupee depreciates against dollar, opens 7 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 7 paise at Rs 74.88 against the dollar. At the same time, on Wednesday, the rupee closed at a level of Rs 74.81 with a weakness of 6 paise against the dollar.Today the stock market opened with great momentum.Today the BSE Sensex rose by about 218.68 points to open at the level of 58684.65 points. On the other hand, the Nifty of NSE opened with a gain of 65.70 points at the level of 17529.50 points.  

Rupee opens 1 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with the strength of 1 paise at Rs 74.74 against the dollar. At the same time, on Tuesday, the rupee closed at a level of Rs 74.75 with a weakness of 5 paise against the dollar.Today the stock market opened with great momentum.Today the BSE Sensex rose by about 481.94 points to open at the level of 58290.52 points. On the other hand, the Nifty of NSE opened with a gain of 143.00 points at the level of 17409.80 points. Today, trading started in a total of 2,489 companies on the BSE, out of which 1,782 shares opened up and 635 opened with a fall.  

All India weather forecast for February 9, 2022Weather systems made across the countryA Western Disturbance is over North Pakistan and adjoining areas.An Induced Cyclonic Circulation is persisting over West Rajasthan and adjoining region.Another Cyclonic Circulation lies over Madhya Maharashtra and adjoining Marathwada.A trough is extending from North Kerala to a cyclonic circulation over Maharashtra.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Andaman and Nicobar Islands experienced light to moderate rain with isolated heavy falls.Light rain and snowfall occurred in Jammu and Kashmir, Gilgit-Baltistan and Muzaffarabad as well as Arunachal Pradesh and Sikkim.Light rain occurred in isolated parts of Assam and Kerala.Day temperatures have increased by 2-3 degrees over Northwest and Central India.Probable weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain and snow is possible over some parts of Western Himalaya and isolated parts of Arunachal Pradesh.Light rain may occur over parts of Rajasthan, Punjab, Haryana, Delhi, West Uttar Pradesh and Andaman and Nicobar Islands.Light rain is possible at isolated places over Sikkim, Assam and Arunachal Pradesh.Light rain is possible in some parts of North and East Madhya Pradesh, Bihar and Chhattisgarh on February 9.

Agriculture Minister S. Niranjan Reddy said that there was a huge demand for the cotton being grown in Telangana and the government has decided to establish a cotton research centre at Adilabad.Similarly the government has also decided to establish redgram seed research centre at Tandur in Vikarabad district.Disclosing these details at a review meeting here on Tuesday, Mr. Niranjan Reddy said that agriculture is one of the fields which creats more employment and hence the government has been taking all steps to strengthen it.“We have to identify the technology that will be useful for our agriculture. Focus should be on crop colonies like banana, potato, chilly, cotton seed, redgram and other vegetables. We have to take steps to grow vegetables not only surrounding Hyderabad but also in the towns and corporations across the state,” said Mr. Niranjan Reddy adding that it was decided to constitute a committee to continuously monitor the cultivation of oil palm in scientific manner.The Minister said that additional land would be acquired for oil fed factory at Aswaraopet, land would be acquired for a factory at Vensur in Khammam district, factory at Beechupally will be transformed as oil palm factory, another two factories would be established at Siddipet and Mahabubabad.“Four factories will become operational in the next six months. Oil palm cultivation will be taken up in about 20 lakh acres in the next four years. It was also decided to increase the potato cultivation in the state and cold storage facility will be increased for storing potato seed. It was decided to hand over the 10 acres of land in Koheda market to the warehousing corporation for the construction of cold storage,” said Mr. Niranjan Reddy stating that while the national average in agriculture development was 8.5 per cent it was 15.8 per cent in Telangana.