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Textile, finance ministries to meet next week
The textile and finance ministries are expected to meet next week to discuss restructuring of loans for the textile sector, according to sources. Representatives of the Reserve Bank of India may also attend the meeting. The textile industry, reeling from Rs 55,000-crore debt, incurred losses worth Rs 11,000 crore in 2011-12 due to changes in government policies. According to corporate debt restructuring

Textile exporters' profits to be hit

Textile exporters have not much to cheer about from the decline of the rupee against the dollar, as the fall has been so sharp that importers have started seeking renegotiation of contracts already

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Ministry of textiles wants Tufs back in 12th Plan
The textile industry’s erstwhile growth engine, the Technology Upgradation Fund Scheme (Tufs), may return with renewed vigour in the 12th five-year Plan (2012-17).

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Analysts' corner

ESSAR OIL
Reco price: Rs 50;
Target price: Rs 69
Essar Oil Ltd (EOL) reported a loss of Rs 515 crore for Q4, below expectations,

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Textile firms still reeling under high inventory costs

Continuing their bad run due to high inventory costs, several textile and clothing (T&C) companies have either booked losses or reported poorer results for the fiscal end March 31, 2012. While

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Cotton may see gloomy days ahead

The cotton controversy does not seem over yet, despite the decision at the beginning of this month to re-allow its export. Cotton prices in the domestic and global markets have fallen six to seven

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