India’s tea production declined 1.7% year-on-year (YoY) to 658.3 million kg during January-July this year, according to data shared by the United Planters’ Association of Southern India (UPASI). While the country’s tea output in 2025 had grown 7.1% YoY, production during the first seven months of this year sw pressure across major tea-growing regions. Output...
Category: Business
India to study potential of new markets for tea exports
COONOOR India is encouraging tea exports to explore new markets as shipments to Iran is hit by the war. Amit Kumar, Joint Secretary of the Union Ministry of Commerce and Industry, told The Hindu on Wednesday that the government is focusing on markets such as Oman that is increasing its purchase of Indian tea. “We...
Soaring cotton prices put textile mills under pressure
: Textile mills are witnessing a revival in cotton yarn demand, with capacity utilisation crossing 90%, but a sharp rise in cotton prices is raising concerns over the sustainability of operations. “The demand for cotton yarn started reviving almost five months ago and currently, mills are not holding much yarn stocks,” said Durai Palanisamy, chairman...
Government to introduce fortnightly sugar allocation
The Centre has decided to introduce from September fortnightly sugar allocation system replacing the existing monthly quota system. According to an official press release, the mills will be required to sell at least 40 % of the allocation in the first week and remaining quantity in the succeeding week. The statement said that physical verification...
Sugar mills to advance cane crushing schedule
Sugar mills will start operating 10-15 days before the normal schedule for the 2026-2027 sugar marketing season to ensure adequate availability of sugar during the festival season this year. At a meeting held with the Joint Secretary (Sugar) last month, the Indian Sugar and Bio-energy Manufacturers Association (ISMA) and the National Federation of Cooperative Sugar...
Cotton production to drop in the 2025-2026 season
Production of cotton during the current marketing season that commenced on October 1, 2025 is estimated to be seven lakh bales less than the previous year. The Committee on Cotton Production and Consumption that met in Mumbai on July 29 expected the production this season to be 290.24 lakh bales of 170 kg each while...
As Vikram-1 reaches orbit, Skyroot faces a steep climb to business success
India had its first private orbital rocket launch at 12.05 p.m. on July 18. So far, all orbital rockets India had launched as part of its space programme had been state-funded and led by the Indian Space Research Organisation (ISRO). Hyderabad-based Skyroot Aerospace changed that by launching its small-satellite launch vehicle Vikram-1 to a low-earth...
Women entrepreneurs showcase ideas, products at meet
Women entrepreneurs showcased their products, shared their business journeys and deliberated on market access, finance and digital opportunities at a conference held in Visakhapatnam on Tuesday. The event, Celebrating Women Entrepreneurs: Urban Ecosystem and Grassroots Leadership, brought together entrepreneurs, industry representatives, ecosystem enablers and community organisations to discuss ways of strengthening women-led enterprises. The event...
SpaceX IPO is really Elon Musk’s gamble to save his empire
The SpaceX initial public offering (IPO), set for June 12, on Nasdaq (SPCX) is expected to be the largest single listing in history. The company is targeting a $75 billion raise at a valuation of $1.75-2 trillion. SpaceX is seeking a large liquidity influx to fund its Orbital Data Centre (ODC) initiative and terrestrial expansion...
India-US Trade Talks Begin in New Delhi: Focus on Tariffs, Technology, and Investment
India and the United States have launched a crucial four-day round of trade negotiations in New Delhi, marking another significant step toward strengthening economic ties between the world’s largest and fifth-largest economies. Senior officials from both nations are meeting from June 1 to June 4 to finalize details of an interim trade agreement while advancing...
