Rupee falls 1.06 Paise, Closes at 85.71 Against US DollarThe Indian rupee on thursday lower 1.06 paise to close at 85.71 per dollar, while it opened at 84.65 in the morning.At close, the Sensex was down 411.97 points or 0.51 percent at 80,334.81, and the Nifty was down 140.60 points or 0.58 percent at 24,273.80. About 1256 shares advanced, 2497 shares declined, and 126 shares unchanged.read more :-Rupee Opens 18 Paise higher at 84.65
Rupee Opens 18 Paise Stronger at 84.65 Against DollarIndian rupee opened 18 paise higher at 84.65 per dollar on Thursday versus Wednesday's close of 84.83.read more :-Tariff reduction under India-UK FTA will strengthen textile sector: Experts
India-UK FTA to Boost Textiles: ExpertsThe Indian textile industry has welcomed the India-UK Free Trade Agreement (FTA) and termed it a significant step towards increasing India's presence in the UK market. Industry leaders believe that the agreement will open doors to new opportunities for exporters, boost trade, employment and global competitiveness. Santosh Kataria, President, Clothing Manufacturers Association of India (CMAI), highlighted the potential of the UK as a growing and promising market for Indian textile and apparel products. He pointed out that the recent tariff development in the US has underlined the need to diversify export destinations, making this FTA particularly timely. "After the US's latest tariff announcement, there was a dire need to diversify textile exports and with this FTA agreement, India's knitted and woven apparel can now gain a substantial foothold in the UK market," Kataria told news agency ANI. He further added, "The emphasis on sustainability, quality and digital marketing will not only give our exports but also Indian brands an opportunity to stand out with lower prices to UK consumers." This is a great opportunity for textile stakeholders in both countries to do business.A. Sakthivel, Vice Chairman, Apparel Export Promotion Council (AEPC), also lauded the deal. He expressed gratitude to Prime Minister Narendra Modi and Union Commerce Minister Piyush Goyal for playing a key role in securing this historic trade agreement. Sakthivel said, "This is a major achievement which will provide a strong boost to India's textile exports and boost employment and growth in the sector." He added, "The India-UK FTA is expected to pave the way for long-term growth, attract investments and create a more favourable business environment for textile stakeholders in both countries." Industry leaders believe that the India-UK FTA is the beginning of a new era for Indian textiles, with long-term benefits expected in market access, innovation and global branding.read more :-Indian Rupee lower 21 Paisa, Ends at 84.83 per Dollar
The Indian rupee on wednesday lower 21 paise to close at 84.83 per dollar, while it opened at 84.62 in the morning.At close, the Sensex was up 105.71 points or 0.13 percent at 80,746.78, and the Nifty was up 34.80 points or 0.14 percent at 24,414.40. About 2121 shares advanced, 1620 shares declined, and 149 shares unchanged.read more :-Minister Gurmeet Singh Khudian pushes for cotton cultivation in Malwa region
Punjab Minister Pushes Cotton Cultivation in Malwa, Focus on Modern PracticesChandigarh: Punjab Agriculture and Farmers Welfare Minister Gurmeet Singh Khudian has directed chief agriculture officers across eight districts of the Malwa region to actively train and guide farmers on modern cotton cultivation techniques.The instructions were issued after reviewing block-wise progress of cotton sowing in Fazilka, Muktsar, Bathinda, Mansa, Barnala, Sangrur, Moga, and Faridkot. The minister also stressed strict implementation of pest control measures and stronger field-level monitoring.Khudian said the state has set a target of bringing 1.25 lakh hectares under cotton cultivation this season. To support farmers, the Punjab government has announced a 33% subsidy on BT cotton hybrid seeds recommended by Punjab Agricultural University (PAU), Ludhiana. The move aims to lower input costs and discourage the use of non-recommended seeds.He added that the focus is on promoting high-yielding and pest-resistant BT cotton hybrids. PAU has recommended 87 such varieties suited to Punjab’s agro-climatic conditions.Addressing pest challenges, the minister reviewed steps to control pink bollworm, including proper disposal of cotton stalks and crop residues that act as breeding grounds. A weed eradication drive has also been launched in cotton-growing areas to manage whitefly infestation.Additionally, officials have been asked to monitor pink bollworm presence in ginning factories and ensure fumigation of cotton stocks to control larvae at the ginning stage.read more :-Rupee declines 19 paise to 84.62 against US dollar in early trade
Rupee opens 19 paise down at 84.62 against dollar Indian rupee opened 19 paise lower at 84.62 per dollar on Wednesday against Tuesday's previous close of 84.43. read more :-India to become fourth largest economy by crossing $4 trillion mark in 2025: IMF
India to Become 4th Largest Economy in 2025: IMFIndian economy to overtake Japan in 2025According to IMF (International Monetary Fund) data released in April, India will overtake Japan to become the fourth largest economy in 2025 when Japan crosses the $4 trillion mark.The Indian economy is expected to reach $4.187 billion in nominal GDP in 2025, compared to $4.186 billion for Japan.In 2024, India was the fifth largest economy in the world, with a GDP size of $3.9 trillion, compared to Japan's $4.1 trillion.The IMF said in its World Economic Outlook released last month that the Indian economy is expected to grow 6.3 per cent in real terms, compared to the 6.5 per cent growth projected earlier.read more :-Heavy rains, dangerous thunderstorms and lightning likely in Gujarat
Severe Rains and Thunderstorms Likely in GujaratThe state of Gujarat has witnessed widespread pre-monsoon weather activity. Moderate rains occurred across the region in north and central Gujarat and Saurashtra. Ahmedabad, Gandhinagar, Baroda, Deesa, Surendranagar, Bhavnagar, Rajkot and Naliya in Kutch are the major places to witness the weather activity. This was the second consecutive day of weather activity and is likely to continue for the next 3-4 days.The state of Gujarat normally experiences thunderstorms, dust storms, lightning, heavy rains and strong winds before the monsoon. Extreme heat remains the main threat before the monsoon. The current spell of thunderstorm conditions is unusual and unseasonal. Even if there is any pre-monsoon weather, it is usually for a short duration. The current spell started a day ago and is likely to continue till 10 May 2025. The weather is expected to clear up widely after 11 May 2025.Earlier, the state was grappling with severe heat conditions. Rajkot recorded temperatures above 46°C and Ahmedabad above 45°C, which was the main highlight on the weather front. In the last 24 hours, the temperature has dropped to 40°C in Rajkot and 38°C in Ahmedabad. The temperature is likely to drop further and remain within comfortable limits. Hazardous weather conditions are likely to prevail at some places for one or two days.Today, heavy weather with thunderstorms, lightning and heavy rain is expected in Anand, Vadodara, Nadiad, Bharuch, Surat, Ahmedabad, Gandhinagar and Surendranagar. The next two days, 07 and 08 May, will see more activity over Saurashtra. On the next day, moderate to heavy rainfall will occur over North Gujarat including Deesa, Patan and coastal Saurashtra to Veraval, Diu, Somnath, Porbandar, Okha, Dwarka and Jamnagar. Caution is required against strong winds, lightning, thunderstorms and heavy to very heavy rainfall. Though this is not at all normal for Gujarat, the possibility of hailstorm at some places cannot be ruled out.Weather conditions will start improving from the weekend. The intensity of the weather will reduce on May 10, but its spread will continue as before. Its extent and scale will reduce further on the next day, May 11. Weather activity can be expected to decrease substantially from May 12. Weather conditions will remain favourable except for heat for the rest of the month.read more :-Rupee Falls 15 Paise, Closes at 84.43/USD
Indian Rupee lower 15 Paisa, Ends at 84.43 per DollarThe Indian rupee on tuesday lower 15 paise to close at 84.43 per dollar, while it opened at 84.28 in the morning.At close, the Sensex was down 155.77 points or 0.19 percent at 80,641.07, and the Nifty was down 81.55 points or 0.33 percent at 24,379.60. About 787 shares advanced, 3011 shares declined, and 121 shares unchanged.read more :-India's cotton yarn industry set for 7-9% revenue growth this fiscal: Report
India's Cotton Yarn Revenue to Grow 7-9% This Fiscal: ReportIn India, the cotton textile industry is not just a sector - it is the lifeline for nearly 60 million people. From the 6.5 million hardworking cotton farmers who grow their crops in the sun, to the countless hands involved in processing, trading and crafting the garments, the industry ties together the livelihoods of millions.While the sector is grappling with a number of challenges - including climate change, slow economic growth and trade uncertainties - there is finally a reason for cautious optimism. India's cotton yarn industry is projected to achieve a revenue growth of 7-9% this fiscal, a significant improvement from the modest 2-4% growth recorded last year.According to rating agency Crisil Ratings, this improvement will be driven primarily by a surge in export demand and stable domestic consumption. Volume growth will be the primary driver, supported by a modest increase in yarn prices, the agency said in a report released on Monday.Operating margins, which recovered last year, are expected to improve further by 50-100 basis points (bps) this fiscal. This will be aided by stable cotton yarn price differentials and improved cotton availability through procurement by the Cotton Corporation of India (CCI).This outlook is based on an analysis of 70 major cotton yarn spinning companies, which together account for 35-40% of the industry revenues, the agency said.Improvement in exports, especially to China, a key growth driverThe main reason for this expected revenue growth in FY26 is improvement in yarn exports to China. Exports make up nearly 30% of the industry's total revenues, with China contributing about 14%. Last year, India's yarn exports to China declined due to abnormally high cotton production in China, leading to a 5-7% decline in India's total yarn exports. However, this trend is expected to reverse this year, as China's cotton production normalises and exports are estimated to grow by 9-11%.Goutam Shahi, director, Crisil Ratings, points out, "This recovery will benefit Indian spinners, who can leverage stable domestic cotton production and gain market share. Also, India's competitiveness in textile exports to the US remains strong, especially with the high tariffs imposed on Chinese exports. This will support 6-8% revenue growth in downstream segments such as home textiles and readymade garments."Strong cotton supply to boost profitsOn the raw material front, CCI's significant cotton procurement during the 2025 cotton season will help ensure stable supplies. This will reduce inventory losses and support a 50-100 bps increase in profitability for spinners, after a 100-150 bps improvement last year.Pranav Shandil, Associate Director, Crisil Ratings, said, "Improved operational performance this fiscal should help keep the credit profile stable. Most spinners are expected to maintain moderate capital expenditure, thereby limiting the need for fresh debt. Improved cotton availability will also reduce the need for high inventory levels, thereby reducing demand for additional working capital."As a result, the interest coverage ratio for spinners is expected to improve to 4.5-5 times from around 4-4.5 times last year. Gearing is expected to remain stable at around 0.55-0.6 times.Risks to watchHowever, the rating agency cautions that certain risks remain. Any change in global tariffs, higher inflation, a slowdown in economic growth in key markets such as the US, or significant fluctuations in domestic cotton prices compared to international prices could impact the outlook.read more :-Rupee declines 4 paise to 84.28 against US dollar in early trade
Rupee opens 4 paise down at 84.28 against the US dollarIndian rupee opened 4 paise down on May 6 at 84.28 against the US dollar as compared to 84.24 against the greenback at previous close.read more :-Rupee Gains 24 Paisa, Closes at 84.24
Rupee Strengthens 24 Paisa Against Dollar, Closes at 84.24The Indian rupee on monday higher 24 paise to close at 84.24 per dollar, while it opened at 84.48 in the morning.At close, the Sensex was up 294.85 points or 0.37 percent at 80,796.84, and the Nifty was up 114.45 points or 0.47 percent at 24,461.15. About 2462 shares advanced, 1404 shares declined, and 171 shares unchanged.read more :-Cotton acreage will increase in Kharif season: Agriculture department in Dhar has set a target of 5 lakh 14 thousand hectares
Dhar Sets 5.14 Lakh Hectare Cotton Target for Kharif SeasonDhar :The Agriculture Department in Dhar has started preparations for the upcoming Kharif season. The department has set a target of 5 lakh 14 thousand hectares for cotton sowing this year. After the last phase of government wheat procurement, farmers will start preparing for sowing of Kharif crops from May 5.According to the Agriculture Department, there is a possibility of increase in cotton acreage this time. The department will provide seeds and necessary agricultural material to the farmers on time, so that sowing can be completed on time.The target is to sow various Kharif crops in about 5 lakh 14 thousand 675 hectares of area in the district. For the last two-three years, due to low yield and limited price of soybean, farmers have become disillusioned with this crop. However, due to lack of options, soybean will still remain the main crop.The trend of farmers of the area is moving away from soybean towards cotton and maize. It is estimated that this year the cotton acreage may increase up to five thousand hectares. Seeds are available in sufficient quantity in the market, but the price of cotton seeds has increased compared to last year, which is a matter of concern for the farmers. Target for Kharif crops (in hectares) will be Soybean: 3,05,000, Cotton: 1,10,000.read more :-Cotton Seed Sale: Cotton Seed Sale from May 15
Cotton Seed Sale Starts May 15The Agriculture Department is taking precautions to ensure that farmers sow cotton only after June 1, as sowing of cotton before June leads to pink bollworm infestation. In this backdrop, the Agriculture Department has clarified that cotton seeds for this year's (2025-26) season will be sold to farmers after May 15.Cotton is cultivated in about four million hectares of area in the state. This number decreases every year. The area under cotton cultivation is increasing, mainly in Marathwada and Vidarbha, but now also in Western Maharashtra. In the year 2017, there was a massive outbreak of pink bollworm in the state.This caused damage to cotton. Farmers suffered huge financial losses. After this, the government took steps to reduce the outbreak of pink bollworm between 2018 and 2024. Under this, it was ensured that cotton is not sown before June 1.It appears that the outbreak will reduce significantly in the 2024-25 season. According to cotton scientists, failure to break the life cycle of the pink bollworm can increase the risk of infection. Therefore, this year too the agriculture department is taking care to ensure that pre-season cotton is not sown, which is one of the many measures to control the pink bollworm.Therefore, it has been announced that the seeds will be sold only after May 15, and the agriculture officers and staff of that area should take strict care to ensure that planting is done only after June 1, the director of quality control inputs has said. Action will be taken if the seeds are sold within the stipulated time.This is the plan.- 1st May to 10th May: From manufacturing company to distributor- 10th May onwards: From distributors to retailers- 15th May onwards: From retailers to farmers- Actual planting: After 1st JuneFarmers will get cotton seeds in the market after 15th May for this season. Farmers should sow cotton after 1st June instead of pre-season sowing to prevent the spread of pink bollworm. The pink bollworm infestation has reduced since pre-season sowing of cotton has been stopped.read more :- Cotton cultivation to rise in Adilabad in Kharif Telangana
Cotton Acreage to Rise in Adilabad This KharifAdilabad: The agriculture department is taking steps to make available cotton seed varieties preferred by farmers in the market for Kharif, to avoid protests. Last year, there were protests in Adilabad district for Rasi 659 cotton seed variety packets. The officials will inform farmers about the stock. Agriculture officials prepared an action plan for Kharif and estimated that cotton crop will be cultivated in 4.40 lakh acres in Adilabad district. The area under cotton cultivation may increase in Kharif.Farmers had staged protests in Adilabad assembly constituency demanding supply of Rasi 659. The variety was most preferred by farmers, leading to shortage. District officials engaged seed distributors and enquired about the availability of seeds at their stores. Agriculture extension officials will prepare village-wise schedules for cotton seed purchase on any given day to prevent ruckus and unwanted incidents during seed purchase. The officials are going to form committees comprising police, agriculture officials and revenue officials and conduct raids on godowns to prevent seeds from going illegally into the black market and creating artificial shortage. District Agriculture Officer Sridhar Swamy said they have estimated that 11,00,000 cotton seed packets would be required to grow the crop on 4.40 lakh acres in Adilabad district and added that seed distributors would make available 21,60,000 cotton seed packets of different varieties in the market for the benefit of farmers.read more :-Indian rupee opens 8 paise higher at 84.48 against US dollar
Rupee Opens Stronger, Gains 8 Paise to 84.48 Against US DollarIndian rupee opened marginally higher at 84.48 per dollar on Monday versus Friday's close of 84.56.read more :-Farmers should not sow cotton due to high temperature in the district: Deputy Director Agriculture
| title | Created At | Action |
|---|---|---|
| Indian Rupee lower 1.06 Paisa, Ends at 85.71 per Dollar | 08-05-2025 22:45:51 | view |
| Rupee Opens 18 Paise higher at 84.65 | 08-05-2025 17:55:29 | view |
| Tariff reduction under India-UK FTA will strengthen textile sector: Experts | 07-05-2025 23:42:25 | view |
| Indian Rupee lower 21 Paisa, Ends at 84.83 per Dollar | 07-05-2025 22:44:14 | view |
| Punjab Targets Cotton Revival in Malwa with Modern Farming Push | 07-05-2025 18:19:19 | view |
| Rupee declines 19 paise to 84.62 against US dollar in early trade | 07-05-2025 17:17:33 | view |
| India to become fourth largest economy by crossing $4 trillion mark in 2025: IMF | 07-05-2025 00:11:12 | view |
| Heavy rains, dangerous thunderstorms and lightning likely in Gujarat | 06-05-2025 23:34:13 | view |
| Rupee Falls 15 Paise, Closes at 84.43/USD | 06-05-2025 22:52:18 | view |
| India's cotton yarn industry set for 7-9% revenue growth this fiscal: Report | 06-05-2025 17:54:18 | view |
| Rupee declines 4 paise to 84.28 against US dollar in early trade | 06-05-2025 17:25:25 | view |
| Rupee Gains 24 Paisa, Closes at 84.24 | 05-05-2025 22:39:20 | view |
| Cotton acreage will increase in Kharif season: Agriculture department in Dhar has set a target of 5 lakh 14 thousand hectares | 05-05-2025 19:24:18 | view |
| Cotton Seed Sale: Cotton Seed Sale from May 15 | 05-05-2025 18:58:01 | view |
| Cotton cultivation to rise in Adilabad in Kharif Telangana | 05-05-2025 18:01:29 | view |
| Indian rupee opens 8 paise higher at 84.48 against US dollar | 05-05-2025 17:16:36 | view |
