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 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.
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
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.