Updated on Monday, 28th November 2022


Open High Low Last Time Change Prior Day Settle
Dec'22 81.86 81.86 80.86 80.86 Nov 27 -0.48 81.34
Mar'23 80.17 80.64 79.00 79.27 Nov 27 -0.91 80.18
May'23 79.52 80.00 78.47 78.69 Nov 27 -0.84 79.53
Jul'23 79.10 79.10 77.60 77.88 Nov 27 -0.76 78.64
Oct'23 77.61 77.61 77.61 77.61 Nov 25 -2.24 79.85

COTTON  COTLOOK (Updated on 24th Nov 2022)  -- Source: Cotlook

Cotlook "A" Index






*Rate (INR) Per Quintal (1 Quintal = 100 KG./ 1 Candy = 356 Kgs.) (Updated on 25th November 2022)

State District Market Variety Min_Price Max_Price Average_Price
Andhra Pradesh Kurnool Adoni Bunny 5669 9201 8489
Gujarat Amreli Amreli Other 6000 9160 9010
Gujarat Amreli Babra Other 9000 9400 9200
Gujarat Amreli Bagasara Other 8550 9330 8940
Gujarat Mehsana Becharaji Other 8500 9075 8787
Gujarat Junagarh Bhesan Other 8000 9190 9000
Gujarat Vadodara(Baroda) Bodeli Shanker 6 (B) 30mm FIne 8481 8724 8500
Gujarat Vadodara(Baroda) Bodeli(Hadod) Shanker 6 (B) 30mm FIne 8300 8552 8400
Gujarat Vadodara(Baroda) Bodeli(Kalediya) Shanker 6 (B) 30mm FIne 8300 8552 8400
Gujarat Surendranagar Chotila Shanker 6 (B) 30mm FIne 8250 9000 8625
Gujarat Sabarkantha Dhansura RCH-2 8000 8600 8500
Gujarat Rajkot Dhoraji H.B (Unginned) 8605 9355 9180
Gujarat Jamnagar Dhrol Other 8500 9115 8810
Gujarat Surendranagar Halvad Other 8500 9270 8950
Gujarat Sabarkantha Himatnagar Cotton (Unginned) 7750 9110 8430
Gujarat Bharuch Jambusar Other 7500 8000 7700
Gujarat Bharuch Jambusar(Kaavi) Other 7600 8200 7800
Gujarat Junagarh Kodinar(Dollasa) Other 8970 9555 9125
Gujarat Bhavnagar Mahuva(Station Road) Shanker 6 (B) 30mm FIne 7875 9160 8520
Punjab Mansa Mansa H-6 8550 9090 8975
Gujarat Rajkot Rajkot Narma BT Cotton 8700 9300 9110
Gujarat Amreli Savarkundla Narma BT Cotton 8900 9325 9113
Gujarat Patan Siddhpur H.Y.4 (Unginned) 8500 9295 8897
Gujarat Sabarkantha Talod Other 8650 9050 8850
Gujarat Banaskanth Thara RCH-2 8950 9000 8975
Gujarat Banaskanth Thara(Shihori) RCH-2 8450 8875 8663
Himachal Pradesh Una Una Shanker 6 (B) 30mm FIne 8250 8955 8600
Gujarat Surendranagar Vadhvan Shanker 6 (B) 30mm FIne 8300 8300 8300
Gujarat Morbi Vankaner Other 8500 9515 9250
Gujarat Mehsana Visnagar Other 8500 9195 8847
Haryana Sirsa Ding American 8470 8681 8470
Haryana Sirsa Ellanabad American 8300 8764 8700
Haryana Jind Uchana American 8690 8905 8752
Karnataka Bijapur Bijapur LH-1556 1119 9979 9161
Karnataka Haveri Haveri GCH 5000 9601 8500
Karnataka Dharwad Hubli (Amaragol) GCH 9250 9250 9250
Karnataka Gadag Nargunda GCH 8500 8500 8500
Karnataka Raichur Raichur F-1054 8300 9100 8700
Madhya Pradesh Khargone Badwaha Other 6405 8800 8690
Madhya Pradesh Khargone Bhikangaon H4 7600 9110 8790
Madhya Pradesh Dhar Dhamnod Desi 6205 8795 8585
Madhya Pradesh Jhabua Jhabua Desi 7850 8750 8300
Madhya Pradesh Khargone Karhi Other 7000 8400 8200
Madhya Pradesh Khargone Khargone Other 7100 9405 8750
Punjab Muktsar Malout Other 8600 8875 8765
Punjab Mansa Mansa Desi 7295 8795 8795
Rajasthan Ajmer Bijay Nagar American 7200 9350 8800
Rajasthan Hanumangarh Goluwala American 7850 8925 8850
Rajasthan Ganganagar Sriganganagar American 8100 9162 9111
Tamil Nadu Theni Bodinayakkanur Other 7000 8200 7600
Tamil Nadu Salem Kolathur Other 6500 7000 6800
Tamil Nadu Salem Konganapuram Other 7200 8890 8000
Tamil Nadu Dindigul Oddunchairum Other 6050 8500 7400
Tamil Nadu Madurai Thirumangalam MCU 5 7300 7500 7400
Tamil Nadu Madurai Thirumangalam Other 6600 6800 6700
Tamil Nadu Madurai Usilampatty LRA 6500 6600 6550
Tamil Nadu Madurai Usilampatty MCU 5 5800 5900 5850
Tamil Nadu Madurai Usilampatty Other 5500 5600 5550
Telangana Adilabad Adilabad Cotton (Unginned) 7980 8600 8600
Telangana Adilabad Bhainsa Cotton (Unginned) 7600 8811 8500
Telangana Khammam Burgampadu Cotton (Unginned) 8300 8300 8300
Telangana Khammam Charla Cotton (Unginned) 9200 9400 9300
Telangana Nalgonda Chityal Bramha 5980 6180 6080
Telangana Nalgonda Chityal RCH-2 5980 6180 6080
Telangana Medak Gajwel Cotton (Ginned) 8550 8827 8753
Telangana Adilabad Ichoda Bramha 8600 8900 8900
Telangana Adilabad Jainoor Cotton (Unginned) 8100 8300 8200
Telangana Karimnagar Jammikunta Cotton (Unginned) 7900 8750 8600
Telangana Medak Jogipet RCH-2 8000 8600 8300
Telangana Karimnagar Karimnagar Cotton (Unginned) 8312 8457 8377
Telangana Karimnagar Kataram Cotton (Unginned) 8000 8900 8500
Telangana Warangal Kesamudram Cotton (Unginned) 5239 8557 8485
Telangana Khammam Khammam Cotton (Unginned) 7400 8601 8500
Telangana Warangal Kodakandal Cotton (Unginned) 7500 7500 7500
Telangana Adilabad Mancharial Cotton (Unginned) 8500 8500 8500
Telangana Warangal Narsampet Cotton (Unginned) 8000 8480 8450
Telangana Warangal Narsampet(Nekonda) Bramha 7300 8690 8600
Telangana Adilabad Nirmal Bramha 8500 8900 8900
Telangana Warangal Parkal Cotton (Unginned) 8100 8300 8200
Telangana Nalgonda Suryapeta RCH-2 7032 8159 8159
Telangana Warangal Warangal Cotton (Unginned) 7500 8480 8000
Telangana Khammam Yellandu 170-CO2 (Unginned) 8000 9000 8500


STOCK MARKET SNAPSHOT (Updated on 28th November 2022 - 10.05 AM)

1)The precious metal stays volatile ahead of US GDP data and supports around Rs 52,920-52,800. Manoj Kumar Jain of Prithvi Finmart Commodity Research expects gold and silver to remain volatile this week and stay at their respective support levels, ahead of quarterly US GDP data and ADP nonfarm payrolls data.


2)Want to buy, sell or change the highest-priced Sensex investment ever? 

European stocks ended the week on a bullish note on Friday as the latest minutes from the US Federal Reserve meeting raised expectations that monetary tightening could slow. Sensex is expanding to record heights. We'll show you how to get the most out of your investment. From a technical point of view, we focus on Hero MotoCorp, IEX and JK Cement IEX.


3)Gold price declines as dollar strengthens

Gold prices fell on Monday as the US dollar strengthened, making the dollar-denominated metal more expensive for buyers holding other currencies.








Change +51.26

Change% (0.83%)

Change +9.70

Change% (0.45%)





Year 2020

Year 2021

September 2022

October 2022

23rd Nov 2022

24th Nov 2022

Change as Compared to Previous Day






61,510 62,273













6,620 6,277












1)In October 2022, China's international trade in goods and services increased by 5%.

According to China's National Monetary Administration, the value of international trade in goods and services in October was 3.85 trillion yuan ($539.6 billion), up 5 per cent from the same period in 2021. The yuan and imports were 1.51 trillion yuan, recording a surplus of 408.8 billion yuan. Monthly service exports were 180.6 billion yuan, and service imports were 237.3 billion yuan, recording a trade deficit of 56.7 billion yuan. According to the data, transportation services made the largest contributor in service trade with a transaction volume of 159.9 billion yuan.

 2)Cotton yarn prices have declined in South India. Industries concerned about economic downturn

Cotton yarn prices in South India declined today as end-user demand remains weak. Buyers across the textile value chain have become cautious due to the global economic downturn and yarn imports from China. Tiruppur market sees cotton yarn prices drop by 5-7 pounds per kg as small-scale spinners in Tamil Nadu are under stress. Mumbai also noted a drop in cotton yarn prices. Cotton yarn prices in Mumbai fell as mills and warehouses tried to sell off their stock. “Despite rising cotton prices, mills have been forced to sell yarn at a lower price. Consumer slow buying has been a major concern for the industry. The global economic downturn is hurting market sentiment.” In Mumbai, 60 orders of warp and weft carded cotton yarn were sold for  ₹1700–1750 and  ₹1610–1630 (extra GST) per 5 kg respectively. A 60 comb warp costs  ₹360-365 per kg. Carded (weft) cotton yarn 80 was sold at a price of 1540-1580 pounds per 4.5 kg. 44/46 count cotton yarn (warp) costs  ₹313-318 per kg. Carded 40/41 cotton (warp) sold for  ₹300-305/kg and 40/41 combed cotton (warp) sold for £318-325/kg. Cotton yarn prices dropped in Tiruppur too, as Tamil Nadu’s small spinning mills were under pressure to sell their stock. Therefore, cotton carded yarn lost ₹5-7 per kg. Traders said that these carded yarn producing mills increase and decrease prices on short notices. Combed yarn is supplied by north India-based large mills. Additionally, import of cotton yarn from China is hurting market sentiments.Today, 30 count combed cotton yarn was traded at ₹300-305 per kg (GST extra), 34 count combed at ₹315-320 per kg and 40 count combed at ₹320-325 per kg in the Tiruppur market. 30 packs of carded cotton yarn sold at  ₹270-275/kg, 34 packs sold at  ₹275-280/kg, 40 packs sold at  ₹285-290/kg. In Gujarat, cotton prices have risen again as farmers import limited quantities. to the raw cotton market. Farmers are not interested in selling their crops after cotton prices fell, traders said. Raw cotton and yarn prices rose despite sluggish purchases from the processing industry. It is estimated that between 28,000 and 35,000 bales of cotton arrive in Gujarat. Cotton sold for  ₹68,600–69.00 for 356kg candy in Gujarat.


3)Dhaka pushes for tariff elimination on US cotton ready-to-wear

At the meeting, Dhaka will also ask Washington for a general reduction in tariff rates on ready-to-wear imports from Bangladesh. sauce. A Commerce Department official told The Business Stand that Washington kept Bangladesh's cotton fumigation elimination on the agenda of the upcoming Ticfa meeting because the United States is interested in boosting Bangladesh's cotton exports. In this context, Bangladesh decided to make a strong case for the United States to provide a duty-free export facility for ready-to-wear made in Bangladesh using imported cotton, he added. A Bangladeshi delegation led by Chief Minister of Commerce Tapan Kanti Ghosh will attend the 6th Ticfa Conference where Bangladesh will submit a US International Development Finance Corporation (DFC) funding proposal. preference in the US market) has left Bangladesh a huge opportunity missed. Bangladesh does not have access to $60 billion Development Finance Corporation (DFC) funds for the private sector in energy, healthcare, critical infrastructure and technology projects. Bangladesh is not considering a loan from the DFC as Bangladesh has yet to return Bangladesh's GSP program after the US suspended its trade exemption after the Rana Plaza building collapse in June 2013, citing serious shortcomings in labor rights and workplace safety. Founded in 2019, DFC provides funding to small businesses and women entrepreneurs to create jobs in emerging markets. His investments are made to high standards and respect the environment, human rights and the rights of workers.


4)Cotton Weekly Review: KCA Cuts Spot Rate by Rs 700, Closing at Rs 16,500 Per Mound

The State Bank of Pakistan has hit the industry hard by raising interest rates. Now it's time to develop a positive strategy to revive the next cotton crop. Action must be taken to provide farmers with active seeds, pesticides and fertilizers at affordable prices. There must be no sugar mills in cotton regions. Cotton should be preferred over sugar cane. The government should consider bringing in technology from China and the United States to increase cotton yields. Overall, the domestic cotton market last week was dominated by bearish factors. High demand for cotton yarn and falling prices are making textile and spinning mills purchase cotton cautiously. Trading volume remained low. There is uncertainty among cotton-sourced gins. Many growers believe that they are not selling cotton in the hope that the dollar will rise in price. is expected to increase. On the other hand, there is no business activity in the textile sector and very few purchases of cotton yarn and fiber. The mill had stocks of cotton, but they are buying cautiously due to the financial crisis. In a statement, APTMA group leader Gohar Ijaz called on the government not to pay billions of rupees in reparations from FBR to the textile sector, which is causing a severe financial crisis for the textile sector. Cotton prices in Sindh range from 14,000 to 17,000 rupees per mound. Phutti's cost from 4500 to 8000 rupees for 40 kg. In Punjab, cotton costs between 14,500 and 17,000 rupees per mound, while puti costs between 6,000 and 8,200 rupees per 40 kg. Cotton prices in Balochistan range from 15,000 to 17,500 rupees per mound, and in Phutti 6,000 to 8,500 rupees per 40 kg. The Karachi Cotton Association (KCA) spot price committee sets the spot price at Rs. Closes at Rs 700/mound and Rs 16,500/mound.


5)Rain spoils the quality of North Indian cotton. affect production

Unseasonal rain this year has darkened prospects for increased production in northern India, particularly in Punjab and Haryana. According to market reports, cotton quality in North India has also declined due to the long rainy season. Shorter staple cotton in this area may not be suitable for more than 30 fiber yarns, which will affect cost. According to cotton traders in Punjab, heavy rains and prolonged rains have reduced the average length of cotton by 0.5 to 1 mm. The strength and whiteness of the fibers were also affected. “The delayed rains have affected the quality of cotton as well as the yield in northern India,” said a Batinda trader. When the harvest was almost over, it started to rain. Rainwater harvested from cotton fields has ruined the prospects for increased cotton production. On the other hand, Rajasthan's cotton crop was unaffected as there were few rain delays in the state. Second, because of the deep sandy soil, rainwater did not accumulate in the fields of Rajasthan. Cotton prices are still high for a number of reasons, but poor quality can make buyers reluctant to buy cotton. Cotton prices fluctuate between 37.2 kg in Punjab, £6,570-6,670/ton in Haryana and £6,820-6,870/ton in Upper Rajasthan. Cotton sold for £65,500–66,500 for 356kg candy in Lower Rajasthan. Cotton prices in Rajasthan are 150-200 pounds per tonne higher than in Haryana and Punjab. The cotton price gap in these countries could widen further. Spinning mills may have problems using this cotton yarn to make fine yarn. “Short cotton fibers with low strength and whiteness may not be suitable for fine yarn. Usually shirts and other dresses use yarns of 30 count or higher, but they require higher quality cotton in terms of strength, length and whiteness.” – Prior to the Delhi Yarn Merchant, commercial and industrial organizations and market participants estimated cotton production in northern India, including throughout Punjab, Haryana and Rajasthan, at 58-60,000 bales of 170 kg. Later estimates, however, were reduced to around 50,000 bales. Traders are predicting that production could fall to 45,000-47,000 bales due to lower yields. The delayed rain affected the growth of cotton buds, reducing production.

6)Shockwaves from war in Ukraine hit Bangladesh's garment industry

According to the Financial Times, manufacturers and government officials in Bangladesh say clothing is piling up in warehouses as consumers in the US, Europe and other key markets restrict imports. In addition, orders from Bangladesh, the second largest apparel exporter after China, have declined since July due to the impact on global inflation, interest rates and mortgages. Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association, said to the Financial Times, "Everything has gone up, so the clothing budget has squeezed. That's why some of the brands and some of the importers have slowed down their orders. Some retailers had asked Bangladeshi suppliers to stop making garments or to delay shipments for up to three months." He further said that this is badly impacting the garment industries in the country as they have already bought the fabric to produce clothes and are now facing a crisis because of the downturn in global clothing demands. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has said that the country exported garments worth $42.6 bn and textiles worth $2.6 bn between June 2021 and June 2022, which accounted for about 85 per cent of total exports during this period. According to the FT, the crisis in the apparel industry comes as Sheikha Hasina Wazed's Bangladesh government prepares for next year's elections and fights rising import gas prices, leading to power outages that have hit some apparel manufacturers. Meanwhile, the opposition Bangladesh People's Party staged protests to draw attention to the deteriorating economy. South Korea has yet to face a major liquidity crisis, but its foreign exchange reserves have shrunk this year due to pressures on inflation and consumer demand and a stronger dollar.




Hon’ble IT Minister Shri Ashwini Vaishnaw counters criticism around proposed DPDP Bill- Hon’ble IIT Minister ShriAshwini Vaishnaw allayed concerns over the extent of independence of the government-appointed oversight body proposed in the draft data protection Bill, saying just like RBI and SEBI the architecture of the new body will ensure its autonomy on issues. Read more at:https://www.business-standard.com/article/economy-policy/it-minister-ashwini-vaishnaw-counters-criticism-around-proposed-dpdp-bill-122112401271_1.html


Urban unemployment rate drops for fifth quarter to 7.2%: NSO survey:- India’s urban unemployment rate dropped for the fifth consecutive quarter in the July-September period of 2022-23 (FY23) to 7.2 per cent, according to the latest Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO). Read more at: https://www.business-standard.com/article/economy-policy/urban-unemployment-rate-drops-to-7-2-in-september-quarter-plfs-122112401337_1.html


India's CAD pegged at 3-3.2% of GDP in FY23: CEA  Shri V Anantha Nageswaran- With rising domestic economic activity and an uptick in oil import bills, India’s current account deficit is expected to be 3-3.2 per cent of gross domestic product (GDP) for FY23, according to Chief Economic Advisor (CEA) Shri  V Anantha Nageswaran. But he stressed the country’s external sector remains robust. Read more at: https://www.business-standard.com/article/economy-policy/india-s-cad-deficit-pegged-at-3-3-2-of-gdp-in-fy23-cea-nageswaran-122112401266_1.html


Retail inflation likely to ease in coming months: Finance ministry- India’s consumer price index (CPI)-based inflation could ease in the coming months thanks to the arrival of kharif crops, lower international commodity prices, and a pass through of lower input costs to consumers, the finance ministry said in its Monthly Economic Review (MER) for October.  Read more at:



Need to promote circular economy to deal with climate change: Shri Amitabh Kant- India’s G20 Sherpa and former NITI Aayog chief executive officer  Shri Amitabh Kant said that a forthcoming meeting of state chief secretaries would deliberate on the promotion of circular economy and would seek to address the challenges faced in its implementation. Read more at:



We should see core inflation dipping: RBI MPC member Smt Ashima Goyal- While core consumer price index- (CPI-) based inflation has remained stubbornly elevated, a study of some of the underlying components of the price gauge suggest that it should ease going ahead, Smt Ashima Goyal, member of the Monetary Policy Committee, said. Read more at: https://www.business-standard.com/article/economy-policy/we-should-see-core-inflation-coming-down-rbi-mpc-member-ashima-goyal-122112401216_1.html


Indian economy expected to maintain growth above 6.5% in coming years: CEA- The economy will close the current fiscal logging in a growth of 6.5-7 per cent, he said, citing the projections of private sector analysts, Reserve Bank of India (RBI) and international agencies like OECD and the IMF. Read more at: https://www.business-standard.com/article/economy-policy/indian-economy-expected-to-maintain-growth-above-6-5-in-coming-years-cea-122112401240_1.html


Unemployment rate dips to 7.2% in July-September 2022: NSO survey:- Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said on Thursday. Read more at: https://www.business-standard.com/article/economy-policy/unemployment-rate-dips-to-7-2-in-july-september-2022-nso-survey-122112401148_1.html


India to grow at moderately brisk rate, inflation to ease: FinMin: India is well placed to grow at a "moderately brisk rate" in the coming years on the back of macroeconomic stability, despite global monetary tightening, a finance ministry report said. Read more at: https://www.business-standard.com/article/economy-policy/india-to-grow-at-moderately-brisk-rate-inflation-to-ease-finance-minister-122112400876_1.html

  Banking and Finance 

Issuers of municipal debt securities can issue green bonds, says Sebi:- Capital markets regulator Sebi said issuers of municipal debt securities can issue green bonds in compliance with rules governing issue and listing of non-convertible securities. Read more at:- https://www.business-standard.com/article/economy-policy/issuers-of-municipal-debt-securities-can-issue-green-bonds-says-sebi-122112400748_1.html


EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000:  The wage ceiling for the Employees' Provident Fund Organisation's (EPFO) retirement saving scheme is likely to be raised by the Centre soon. The current ceiling of Rs 15,000 per month is likely to be revised to Rs 21,000 per month, a report by the Economic Times (ET) said.  Read more at:



CCI to look into anti-profiteering steps under GST, replace NAA from Dec:- Starting next month, the Competition Commission of India (CCI) will look into anti-profiteering measures under the Goods and Services Tax (GST), replacing the National Anti-profiteering Authority (NAA). Experts say the CCI will have to address the challenge of finding appropriate methodology to gauge profiteering and quantum of penalty over which NAA is embroiled with litigation in courts. Read more at:- https://www.business-standard.com/article/economy-policy/cci-to-start-looking-into-anti-profiteering-steps-under-gst-from-next-month-122112400331_1.html


Centre asks ministries, depts to identify new assets for monetisation:  Falling short of the budget target for asset monetisation for this fiscal year, the Centre has asked its ministries and departments to identify new assets that could be monetised quickly to meet the shortfall, The Economic Times reported.  Read more at: https://www.business-standard.com/article/economy-policy/centre-asks-ministries-depts-to-identify-new-assets-for-monetisation-122112400288_1.html


FMCG industry continues to witness consumption slowdown in September quarter: Report - The country's FMCG industry continued to witness consumption slowdown in the September quarter, with rural markets registering a higher decline in volumes compared to the three months ended June, says a report. Read more at: https://www.business-standard.com/article/companies/fmcg-industry-continues-to-witness-consumption-slowdown-in-sept-qtr-report-122111001055_1.html


India saved US$ 4 billion in fuel costs via solar power in first 6 months: Report - India saved USD 4.2 billion in fuel costs through solar generation in the first half of 2022 and 19.4 million tonnes of coal that would have further stressed an already strained domestic supply, according to a new report released. Read more at: https://www.business-standard.com/article/economy-policy/india-saved-4-bn-in-fuel-costs-via-solar-power-in-first-6-mnths-report-122111000081_1.html


Rural consumption continues to drop in July-Sept quarter: NielsenIQ - Rural consumption in India remained under stress July-September, when volumes declined 3.6 per cent, compared to a drop of 2.4 per cent in the April-June quarter. Fear of a slowdown, price increases and uneven rainfall across the country shaped rural consumption of fast-moving consumer goods (FMCG) in July-September. The quarter saw a sharper volume drop of 3.6 per cent compared to 2.4 per cent in the April-June quarter, according to NielsenIQ. Read more at: https://www.business-standard.com/article/economy-policy/rural-consumption-continues-to-drop-in-july-sept-quarter-nielseniq-122111000754_1.html


Q2 roundup: Indian firms get festive boost; almost 62% post profit rise - Almost two-thirds of the near 200 Indian companies with market capitalization of US $100 million and more have reported a rise in profit for the September quarter, data tracked by Reuters showed of the 191 companies tracked, 118 reported a rise in profit, Refinitiv data showed, with almost 90% of those logging in a rise in quarterly revenue. Read more at: https://www.business-standard.com/article/companies/q2-roundup-indian-firms-get-festive-boost-almost-62-post-profit-rise-122111000775_1.html


Ministry of Rural Development signs MoU to support effective governance systems under DAY- NRLM - Ministry of Rural Development (MoRD) has signed an MoU with Gurugram-based Veddis Foundation to support setting up of effective governance systems under the Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM), strengthen State capacities, establish innovative models and implement the national strategy for Panchayati Raj Institutions (PRI) and SHG convergence. Read more at: https://pib.gov.in/PressReleseDetail.aspx?PRID=1874955


India, GCC agree to pursue Free Trade Agreement; resume talks: Shri Piyush Goyal- India and the Gulf Cooperation Council (GCC) have agreed to pursue a free trade agreement (FTA) between the two regions and resume the negotiations, Hon’ble Commerce and Industry Minister Shri Piyush Goyal said. Read more at: https://www.business-standard.com/article/economy-policy/india-gcc-agree-to-pursue-free-trade-agreement-resume-talks-piyush-goyal-122112401508_1.html


Global uncertainty could have implications on India's exports: Shri Piyush Goyal:- Hon’ble Commerce and Industry Minister Shri Piyush Goyal said the ongoing global uncertainty and recessionary trends could have some implications on India's exports. He, however, said that services exports have huge potential for growth. Given the global situation, India is still the bright spot in the world, the minister said. Read more at:- https://www.business-standard.com/article/economy-policy/global-uncertainty-could-have-implications-on-india-s-exports-piyush-goyal-122112401211_1.html


Budget 2023: Exporters urge govt for fiscal incentives, lower customs duty:- A little over two months before the 2023-24 Union Budget, exporters on Thursday urged the government to provide fiscal incentives, reduce customs duty on certain products, and sought support to boost export competitiveness. Read more at:- https://www.business-standard.com/article/economy-policy/pre-budget-meet-exporters-urge-for-fiscal-incentives-lower-customs-duty-122112401028_1.html


Cash-strapped states pulled out of flagship PMFBY, says Centre-The Centre said some states have pulled out of the flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) for failure to pay their share of premium subsidy owing to financial constraints. It said it was willing to make additional pro-farmer changes to the scheme in response to the climate crisis. Read more at: https://www.business-standard.com/article/economy-policy/cash-strapped-states-pulled-out-of-flagship-pmfby-says-centre-122112401137_1.html


MP govt focuses on investment, developing industrial infra to generate jobs: To generate jobs, the Madhya Pradesh government is focusing on investment and developing industrial infrastructure. The Department of Micro, Small and Medium Enterprises (MSMEs) has decided to offer MSMEs and start-ups training in marketing, and financial support. Read more at: https://www.business-standard.com/article/economy-policy/mp-govt-focuses-on-investment-developing-industrial-infra-to-generate-jobs-122112401276_1.html 


Rajasthan govt's new scheme gives a boost to businesses of Dalits: To ensure participation by the Scheduled Castes (SCs) and Scheduled Tribes (STs) in industrial development in the state, the Rajasthan government’s Department of Industry and Commerce has launched the Dr Bhimrao Ambedkar Rajasthan Dalit, Adivasi Udyam Protsahan Yojana – 2022. Read more at: https://www.business-standard.com/article/economy-policy/rajasthan-govt-s-new-scheme-is-giving-a-boost-to-dalit-businesses-122112401233_1.html


IAF set to place Rs 1,400 cr order for new age missiles to destroy radars-  In a major push to induct indigenously developed weapon systems, the Indian Air Force has moved a proposal worth over Rs 1,400 crore to the government for acquiring Rudram next-generation anti-radiation missiles (NGARM) to search and destroy enemy radar locations, informed defence officials.. Read more at:



77% employers likely used more apprentices in second half of 2022: Report- As many as 77 per cent of employers will likely increase their apprentice pool in the second half of 2022 (July-December) from 45 per cent the same time last year, said a study on Wednesday. The Apprenticeship Outlook Report, published by the TeamLease Degree Apprenticeship programme, surveyed 789 employers and analysed hiring in 12 cities and 24 sectors.  Read more at: https://www.business-standard.com/article/economy-policy/77-employers-likely-used-more-apprentices-in-second-half-of-2022-report-122112301119_1.html




SEA urges govt to hike refined palm oil import duty to save local refiners- Edible oil industry body SEA has written to theHon’ble  Union food minister Shri Piyush Goyal to increase import duty on refined palm oil to 20 per cent from the current 12.5 per cent in order to protect domestic refiners. Read more at: https://www.business-standard.com/article/economy-policy/sea-urges-govt-to-hike-refined-palm-oil-import-duty-to-save-local-refiners-122112401094_1.html

- Source: PHD Research Bureau, PHDCCI, compiled from BSE, MCX and Bloomberg -


Valuing our customers to give them the best

For any query, please contact: -  contact@damodarmenon.com  | Call - 011 - 45559999 

For more info visit -www.damodarmenon.com

Get TEX-Bulletin in your mail, every day! Subscribe below NOW!




For your requirements in Greige Yarns and Fabrics

Here you’ll find the best yarn and fabric suppliers Globally who can cater to your needs for practically all counts, major blends and fabric types.