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YARN SPINNING INDUSTRY
Cotton duty or competitiveness? The bigger challenge facing India’s $190 billion textile industryThe government’s temporary import duty relief may ease pressure on mills and exporters, but industry experts say deeper problems in product...- Explained: Why textile stocks are delivering up to 14% returns for investors on Wednesday?Textile stocks rallied sharply on Wednesday after brokerages turned bullish on the sector, citing improving global demand, favourable trade...
- Shreedhar Spinners IPO: Check GMP, subscription, price band and other detailsThe NSE SME issue will remain open for bidding till June 25. The company aims to raise Rs 30.68 crore through an entirely fresh issue of 57...
- Worst is behind, demand recovery underway for Indian textile sector as tariff woes ease: ReportIndia's textile industry is seeing a comeback as uncertainty over US tariffs has ended. Global demand is getting better. This brings new ho...
- Textile sector: Time for a relook as tariff tantrum may soon be history? 5 textile stocks with upside potential of up to 27%The Indian textile and apparel sector has had a stressful year. The US tariffs disrupted orders to the sector’s largest market, squeezed ma...
- Cotton prices down 3% on import duty suspension, may slide moreIndia has suspended its 11% import duty on cotton until October. This move has immediately reversed the recent rally in cotton prices, with...
- Textile industry seeks removal of cotton import dutyIndia's textile sector faces challenges from high cotton prices and declining production. The industry is urging the government to cut impo...
- War hits Indian factories, but yarn makers spin export boom to ChinaIndian cotton yarn factories are increasing output to meet unprecedented demand from China. Disruptions from the Middle East war have impac...
- Spinning industry expects operating margins to improve by 150-200 basis points this fiscal after hitting decadal lowCRISIL Ratings foresees improved operating margins for the cotton yarn spinning industry, driven by factors like revenue growth, stable cot...
- Operating margins for the cotton spinning industry to improve 11.5-12.0% in FY 2024Demand expected to pick up from H2 FY2024, with an improvement in orders from the downstream apparel companies gearing up for Spring/Summer...
- US ban on China cotton hurting India's yarn spinning industryThe Chinese yarn that can't go to the US is now finding its way into the Indian market at cheaper rates, further reducing demand for expens...
- No consensus yet among cotton, textiles players on high pricesThe cotton traders say spinning mills should reduce yarn prices. For this to happen, millers say cotton prices have to drop, leading to a d...
- Tamil Nadu CM Stalin writes to PM Modi on cotton pricesThe growing discontent in the industry and among the weavers was 'alarming,' Stalin said and sought for a series of steps to handle the sit...
- Spinning mills of North India considering cutting back productionThe decision to take this extreme step has come as a result of excess spinning capacity in the country and poor demand for yarn from overse...
- ICRA cuts spinning industry outlook from stable to negativeGiven the tight opening stock position and unlikely increase in cotton crop size, the cotton export levels will determine the domestic cott...
- Cotton prices to remain high in CY2017 on tight supplies: ICRAThe domestic cotton shortage, subsequent to weak production and higher exports in CY2016, resulted in a steep increase in domestic prices.
- China’s huge yarn demand cheers local spinning millsBeijing is now focussing on high-value products instead of spinning yarn, opening up a huge window for Indian suppliers of the raw material.
- Textile sector: Spinners make most of favourable pitchFirm yarn prices will continue to benefit spinning mills at a time when the demand in the textile industry is subdued.This puts spinning co...
- Spinning mills to extend production cuts till June 15Spinning mills across India would continue production cut till mid-June to use up cotton yarn inventories of 500 million kg.
- Yarn piles up as Re hits new highsThe impact of the rupee rise has started travelling down the value chain.
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