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Greaves Cotton advances 7%

31-12-2008| Source:Moneycontrol.com

Greaves Cotton had touched an intraday high of Rs 78.60 and an intraday low of Rs 73. At 12:05 pm, the share was quoting at Rs 77, up Rs 5.05, or 7.02%. It was trading with volumes of 14,576 shares

Cotton arrivals at ginning mills rise

20-12-2008| Source:Business Line

for cotton trade, for the week ending December 13, arrivals surpassed 14 lakh bales (170-kg), the highest so far this year. Every State except Maharashtra and Tamil Nadu reported higher volume this week than a

Vardhman Tex to consider buyback of FCCB, stk down

17-12-2008| Source:Moneycontrol.com

Vardhman Textiles had touched an intraday high of Rs 65.40 and an intraday low of Rs 57.55. At 1:07 pm, the share was quoting at Rs 59, down Rs 2.55, or 4.14%. The company board is going to meet on December 24 to consider buyback of FCCBs, reports CNBC-TV18. It was trading with volumes of 4,335 shares. Yesterday the share closed up at Rs 61.55.

Buy Greaves Cotton, target of Rs 125: LKP Shares

15-12-2008| Source:Moneycontrol.com

LKP Shares has recommended a buy rating on Greaves Cotton with a target price of Rs 125. Recent measures by the RBI should improve vehicle financing especially since Greaves now is present

Andhra farmers cheer B-T cotton success

13-12-2008| Source:CNBC-TV18

The Andhra Pradesh farmer has long been the symbol of distress in rural India. But this year, cotton farmers in the state have enjoyed the most productive season ever. Interestingly B-T cotton, which

Industry players need reduction in cotton prices  

10-12-2008| Source:CNBC-TV18

The government announced a Rs 1400 crore boost towards technological upgradation for the textile industry. But industry players say, bringing down the prices of cotton may have been of greater help

Global mill use of cotton set to slide

04-12-2008| Source:Business Line

For the first time in recent years, global mill use of cotton is set to show a sharp decline in 2008-09. This is the result of a combination of factors including slowing global economic growth

Falling Re, input cost to boost textile exports: India Inc  

02-12-2008| Source:CNBC-TV18

Industries. He said reduced raw material prices like cotton and furnace oil adds to Indias competitive edge.

Arvind announces proposal to demerge brands & retail biz

01-12-2008

starting from cotton farming to marketing and retailing leading apparel and accessories brands. Branded apparel business which markets apparels and accessories under the brands  Arrow, Flying

Cotton exports plunge 95%

26-11-2008| Source:Business Line

Cotton exports have plunged 95 per cent to 75,000 bales between October 1 and November 15, against 20 lakh bales exported in the same period last year, according to Cotton Association of India.

Cane farmers in a better bargaining position

24-11-2008| Source:Business Line

Unlike cotton or soyabean farmers, sugarcane growers seem in a much better bargaining position this time round.

Govt not to lower cotton support price

24-11-2008| Source:Business Line

The Government has ruled out the downward revision of minimum support price (MSP) for cotton.

Sharp dip in market arrivals of cotton, soyabean

24-11-2008| Source:Business Line

Farmers are seemingly yet to reconcile themselves to lower commodity prices in the aftermath of the global financial meltdown. This is apparent now especially in the case of soyabean and cotton.

Cotton prices stable despite demand slump

21-11-2008| Source:Business Line

Despite the sharp mark up in minimum support price, raw cotton arrivals across the country have dipped 22 per cent to 36.50 lakh bales (lb) as on November 15, against 46.65 lakh bales registered

Fitch downgrades Ginni Filaments's bk loans

15-11-2008

pressure has also been high especially on the export front, as buyers negotiate for price cuts. The company's profitability has been hit by high cotton prices, forex losses on derivative transactions

Cotton body seeks cut in support price

14-11-2008| Source:Business Line

A delegation of All Gujarat Ginners Association along with ginners from all other states and representatives of Cotton Association of India (CAI) and Confederation of Indian Textile Industries (CITI

Modern India gets 'in principle' approval for FTWZ

11-11-2008

Modern India Free Trade Warehousing Pvt. Ltd., a subsidiary of Modern India Ltd., has received in principle approval from the Maharashtra government for their proposed Free Trade Warehousing Zone under SEZ Act in Taluka Panvel, Dist. Raigad, and now awaits in principle approval from the central government

Buy Phoenix Mills above Rs 49: ICICIdirect.com

10-11-2008| Source:Moneycontrol.com

ICICIdirect.com has recommended to buy Phoenix Mills above Rs 49 with a stoploss of Rs 48.50 and targets of Rs 64/80/higher.

Low raw material prices may be boon for textiles

10-11-2008| Source:Business Line

Even as the textile industry has listed a litany of woes demanding relief measures to get over the double whammy of decline in demand and the looming menace of large-scale layoffs, the domestic industry might take due advantage of the distinct decline in raw material prices.

Slowdown, firm $ driving down cotton prices

07-11-2008| Source:Business Line

The month of October that witnessed an unprecedented price collapse in a range of commodities did not spare cotton. Notwithstanding market fundamentals that favour relatively high prices, global

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