The apparel industry is losing about Rs 600 crore every year because of unpaid duty drawback by the government. 


Duty drawback hits apparel firms

Business Standard

The Forward Market Commission (FMC) has decided to impose huge financial penalties on erring members on exchanges who, either themselves or through their sub-members, upset the market equilibrium by

Stiff FMC penalty for errant trading

A sharp rise in prices of ferro alloys has hit hard the foundry industry, which casts components for the entire engineering sector, including automobiles.

Price-hit foundry units seek ban on ferro alloy exports

A mid uncertainty on cotton export and anticipation of further price rise, textile majors are thinking of doing all or the bulk of their procurement during the initial part of the season.

Textile firms rush to complete year's cotton buying

With the Union Cabinet clearing a Bill to amend the Forward Contracts (Regulation) Act, introduction of options and index futures could be a reality. This will, however, take some time as after parliamentary passage, the regulator will have to prepare the rules and regulations.

With amended FCRA, farmers to get space on futures platform

Cardamom prices declined by Rs 5.40, or 0.50 per cent, to Rs 1,065.10 per kg in futures trade today on emergence of profit-booking at existing higher levels amid subdued demand.

Cardamom futures fall 0.50% on profit booking

Press Trust of India

Mentha oil prices traded higher by Rs 4.50, or 0.51 per cent, to Rs 879.20 per kg in futures trading today, as speculators enlarged their positions, driven by pick up in domestic and export demand.

Mentha oil futures up on spot demand

Crude palm oil prices declined by Rs 4.40 to Rs 408.80 per 10 kg in futures trade today, as traders booked profits, driven by a weak trend in the spot markets.

Crude palm oil futures down on profit-booking

Copper prices edged higher by Rs 1.15, or 0.32 per cent, to Rs 365.15 per kg in futures market today, as speculators enlarged their positions, influenced by a firming global trend on strong China manufacturing data.

Copper futures gain 0.32% on global cues

Gur prices declined marginally by Rs 4 to Rs 948 per quintal in futures trade today on increased selling by traders in line with sluggish spot markets demand.

Gur futures dip slightly on increased selling

Refined soya oil weakened by Rs 3.40 to Rs 485.30 per 10 kg in futures trade today, as speculators indulged in profit-booking due to fall in demand at spot markets.

Refined soya oil futures slip on profit-booking

Chana prices fell by Rs 10 to Rs 2,230 per quintal in futures trading today, as speculators reduced their positions, influenced by a falling demand in spot markets.

Chana futures slip on subdued demand

Pepper prices surged by Rs 205 to Rs 19,086 per quintal in futures trade today, as speculators enlarged their positions, driven by pick up in demand in the spot market ahead of coming marriage season.

Pepper surge in futures trade as spot demand rises

Barley prices hardened by Rs 8.60, or 0.66, to Rs 1,309 per quintal in futures trade today owing to speculative buying by traders in line with firm spot markets cue.

Barley futures up on fresh buying

Crude oil prices rose by Rs 18 to Rs 3,668 per barrel in futures trade today, as traders enlarged their positions in tandem with firming global trend.

Crude oil futures rise on global cues

Silver prices surged to near record by gaining Rs 70 to Rs 33,380 per kg in futures market today, as speculators enlarged their positions, sparked by a firming global trend where it touched a 30-year high.

Silver surges to near record in futures trade on global cues

Buoyed by a firming trend overseas and pick up in demand, lead prices gained Rs 0.75 to Rs 102.65 per kg in futures trade today.

Lead gains in futures trade as spot demand pick up

Guargum prices turned weak by Rs 39 to Rs 4,715 per quintal in futures trading today on profit booking at existing higher levels.

Guargum futures weakens on profit-taking

Turmeric prices rose by Rs 206 to Rs 12,642 per quintal in futures market today, as speculators enlarged their positions, supported by a pick up in local demand.

Turmeric futures rise on lower supply

Jeera prices rose by Rs 125 to Rs 13,660 per quintal in futures trade today on pick up in demand and decline in arrivals in the physical market.

Jeera futures up on spot demand

Increased area under rain guarding system and favourable weather condition surged India's natural rubber production by 4.3 per cent in September to 77,500 tonnes as compared to the same month last year.

Natural rubber production up 4.3% in September

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