logo
Seema's rose farmer blooms big on the global market

Seema's rose farmer blooms big on the global market

Hans India4 hours ago

Chilamattur (Sri Sathya Sai district): 'There's no better way to say 'I love you' than with a red rose,' reads a popular Valentine's Day poem. For Hazimullah, a pioneering rose farmer from Kodikonda village in Chilamattur mandal of Sri Sathya Sai district, this sentiment fuels a thriving global business. Recognised by the Andhra Pradesh horticulture department as the state's top rose farmer, Hazimullah exports high-quality roses from his 5-acre farm to markets worldwide.
His signature 'Tajmahal' red roses are highly sought after in Dubai, Kuwait, New Zealand, Europe, and several Asian countries, especially during Valentine's Day. Operating from a state-of-the-art farm with polyhouses, cold storage, packhouses, and a farm pond, Hazimullah exports over 2,00,000 red roses annually for the romantic holiday alone. His roses, including red, pink, and yellow varieties, are also auctioned at the International Flower Auction Centre in Bengaluru, reaching global markets through other exporters.
'Rose farming demands hard work, persistence, and resilience,' Hazimullah told The Hans India. While many have left the industry, his disciplined, family-driven approach has led to success. He stands out as the only largest rose producer and exporter in the Rayalaseema region, according to horticulture assistant director Chandrasekhar. Unlike Araku Valley, once known for rose farms, or Kadiyam for nurseries, Hazimullah's farm is a unique export-oriented and training hub.
His success is a family effort. Hazimullah credits his brother, Ziullah, an M.Sc. Agriculture graduate, for providing expert guidance. Launched in 2018 with 50 per cent subsidies from Central and state horticulture departments for polyhouses, the farm yields seven harvests annually, producing 8 lakh flowers per acre—totaling over 3 crore roses across 5 acres. Roses sell for Rs 5–6 in Bengaluru and fetch Rs 15–20 in international markets.
The venture generates approximately Rs 15 crore annually, with half covering operational costs and the rest as profit for the joint family business, which employs around 40 workers, primarily from Uttar Pradesh. Sri Sathya Sai district collector T S Chethan has been a key supporter, providing administrative encouragement and highlighting Hazimullah's inspiring journey.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

IndusInd Bank Shares Rise 6% After Nomura Upgrades Stock To 'Buy', Sees 25% Upside Potential
IndusInd Bank Shares Rise 6% After Nomura Upgrades Stock To 'Buy', Sees 25% Upside Potential

News18

time26 minutes ago

  • News18

IndusInd Bank Shares Rise 6% After Nomura Upgrades Stock To 'Buy', Sees 25% Upside Potential

Shares of IndusInd Bank surged 6% to Rs 855.20 on the BSE during intraday trade on Wednesday amid strong volumes IndusInd Bank Share: Shares of IndusInd Bank surged 6% to Rs 855.20 on the BSE during intraday trade on Wednesday amid strong volumes, bucking the broader market's weakness. The rally followed a bullish call from global brokerage Nomura, which upgraded the stock to 'Buy' and raised the price target sharply to Rs 1,050 from Rs 700, implying a 25% upside from current levels. The stock touched a recent high of Rs 857 on June 10, 2025, and has now rebounded nearly 41% from its 52-week low of Rs 605.40, hit on March 12, 2025. At 10:37 AM, shares were trading 4.6% higher at Rs 846.20, while the BSE Sensex was marginally down by 0.04%. Trading volumes on the counter jumped over threefold, with nearly 10 million shares traded on the NSE and BSE combined. What's Driving the Rally? According to Nomura, IndusInd Bank's renewed focus on governance and leadership is a major positive. The board's commitment to starting FY26F with a clean slate, alongside the ongoing CEO search and efforts to strengthen internal controls, have instilled confidence. The Reserve Bank of India's (RBI) supportive stance and potential nod to increase promoter stake could also help ease investor concerns. Despite recent challenges—including governance issues and accounting discrepancies—Nomura believes the bank has taken corrective steps. A one-time clean-up of its books and proactive provisioning for legacy issues signals a reset for the lender. ' Watch Negative' following the resignations of two top executives and an internal audit into microfinance irregularities. This came after a March 2025 disclosure of discrepancies in derivative accounting, which, along with subsequent revelations in the FY25 annual results, had impacted profitability. The RBI has since asked the bank to submit CEO appointment proposals by June 30, 2025, following the exits of Sumant Kathpalia (Managing Director & CEO) and Arun Khurana (Whole-time Director & Deputy CEO). Overall, analysts say that while legacy issues weighed on the bank's past performance, the current restructuring and external endorsements like Nomura's upgrade have renewed optimism in IndusInd Bank's turnaround story. First Published:

4 tips to keep in mind before applying for a Personal Loan
4 tips to keep in mind before applying for a Personal Loan

The Hindu

time28 minutes ago

  • The Hindu

4 tips to keep in mind before applying for a Personal Loan

When unexpected expenses pop up or a big opportunity calls, a personal loan can be a helpful financial solution. Whether it's funding a wedding, a home renovation, or urgent medical bills, a personal loan offers quick access to funds without the hassle of collateral. However, before you apply, there are some essential things to keep in mind to ensure you borrow smartly and avoid unnecessary stress. Here are four must-know tips to help you make confident, well-informed decisions. Let's dive in: 1. Understand your loan purpose and amount The first step before applying for a personal loan is to clearly identify why you need the money. Pinpointing your exact requirement will help you decide the right loan amount. Borrowing more than necessary means paying more interest than needed, while borrowing too little might leave you scrambling for extra funds later. For example, if you're planning a wedding, list down all expected costs like venue, catering, and decorations. This will give you a clear budget and help you avoid surprises. With a Bajaj Finserv Personal Loan, you can avail of up to Rs. 55 lakh, depending on your eligibility. Once you know your requirements, use the personal loan EMI calculator to estimate your monthly repayments. This easy-to-use tool lets you input the loan amount, tenure, and interest rate to calculate your EMI. Knowing this figure in advance helps you plan better and check whether the loan fits comfortably within your income 2. Compare interest rates and charges carefully Interest rates on personal loans can vary widely depending on your creditworthiness and the lender's policies. While a lower interest rate means cheaper borrowing, it's also important to look at other charges. Processing fees, prepayment penalties, late payment fees, and other related charges can add up. Therefore, it is essential to review all these details and understand the total cost of your loan. Always ask for a detailed cost breakdown from the lender before you sign any agreement. 3. Check your credit score before applying Your credit score is a key factor that influences your personal loan application. A higher score not only boosts your chances of approval but also helps you qualify for lower interest rates — making your EMIs more affordable in the long run. Before applying, take a few minutes to check your credit score through a trusted credit bureau. If it's below 685, consider improving it by clearing outstanding bills. A strong credit profile reflects financial discipline and gives you access to better loan terms. Since personal loans are unsecured — meaning you don't need to pledge any collateral—lenders closely evaluate your creditworthiness. This includes assessing your credit score, monthly income, and job stability. To prepare well, it's important to review your current financial obligations, ensure you have a reliable source of income, and check your credit score in advance. 4. Assess your repayment capacity realistically Before taking a personal loan, it's crucial to honestly evaluate your ability to repay. Borrowing without a clear repayment plan can lead to stress, default, or have a negative impact on your credit score. Consider all your monthly expenses, including rent, groceries, EMIs on other loans, and lifestyle costs. Your EMI should ideally not exceed 30-40% of your monthly income to keep finances comfortable. If your income is steady and predictable, you can opt for a longer tenure to reduce EMI amounts. However, longer tenures mean paying more interest overall. On the other hand, shorter tenures reduce total interest but increase monthly EMIs. Using a personal loan EMI calculator can help you find the right balance between tenure and EMI that suits your budget. Why choose Bajaj Finserv Personal Loan? Once you've mapped out your borrowing needs, the next step is selecting the right lender with whom you will apply for the loan. Bajaj Finserv Personal Loan stands out with fast approvals, competitive interest rates, and flexible repayment options — making your borrowing experience simple and stress-free Here's what makes Bajaj Finance a smart choice: 100% digital process: No need to step into a branch. From checking your eligibility to uploading documents, the entire process is online — no branch visits are needed. No need to step into a branch. From checking your eligibility to uploading documents, the entire process is online — no branch visits are needed. Instant approval and disbursal: Once your application is approved, the loan amount can be disbursed directly into your bank account in just 24 hours*. Once your application is approved, the loan amount can be disbursed directly into your bank account in just 24 hours*. Minimal documentation: Forget about paperwork. Uploading digital copies of your documents is all it takes. Forget about paperwork. Uploading digital copies of your documents is all it takes. Flexible repayment tenure: You can choose a tenure ranging from 12 to 96 months. You can choose a tenure ranging from 12 to 96 months. No collateral required: Unlike secured loans, personal loans do not require assets as security. Taking a personal loan is a powerful financial tool when used responsibly. By understanding your loan purpose, checking your credit score, comparing interest rates and charges, and realistically assessing your repayment capacity, you set yourself up for a smooth borrowing experience. Remember, borrowing is not just about getting money quickly — it's about managing your finances wisely so you can meet your goals without added stress. Use tools like the personal loan EMI calculator to stay informed and plan your finances smartly. Lenders like Bajaj Finance make borrowing hassle-free by providing high-value personal loans that come with an easy online application process, quick disbursal facility and flexible repayment tenure options. Start your personal loan journey today with confidence and clarity — because smart borrowing makes all the difference. *Terms and conditions apply 'This article is part of sponsored content programme.'

BSE vs NSE expiry day war is over. But for investors, the battle lines just shifted
BSE vs NSE expiry day war is over. But for investors, the battle lines just shifted

Economic Times

time28 minutes ago

  • Economic Times

BSE vs NSE expiry day war is over. But for investors, the battle lines just shifted

The expiry day war between India's two stock exchanges has finally drawn to a close, and it's the National Stock Exchange (NSE) that may have emerged as a clear winner. In a high-stakes regulatory shake-up, SEBI has now fixed the expiry days for equity derivative contracts to just Tuesdays and Thursdays, ending months of tit-for-tat expiry day changes between NSE and BSE. ADVERTISEMENT In line with this directive, NSE will move its weekly expiry to Tuesday, while BSE will shift to Thursday, starting September 1, 2025. But behind this seemingly administrative change lies a fierce contest for trader mindshare, options liquidity, and revenue, and BSE may have just lost a critical edge. 'This change significantly benefits NSE, which will now enjoy three full days (Friday, Monday, and Tuesday) of heightened options trading activity leading up to its expiry — a key period for premium buildup and speculative action,' said SBI Securities' Head of Technical & Derivatives Research, Sudeep Shah. BSE, on the other hand, is left with a tighter window of just Wednesday and Thursday to attract meaningful volumes post-NSE expiry. That may sound technical, but in the hyper-competitive world of weekly options, timing is everything. Also Read | Sebi approves NSE's expiry day change to Tuesday, BSE to Thursday According to Motilal Oswal, BSE's share of the premium turnover market stood at 22.6% in May 2025, heavily propped up by its Tuesday expiry, which caught the peak of trader activity. Now, that cushion is gone. ADVERTISEMENT 'We expect a market share loss of 350–400 basis points for BSE,' Motilal Oswal wrote in a client note, lowering its premium average daily turnover (ADTO) estimates for BSE in FY26 and FY27 by 9% and 12%, also downgraded BSE stock to 'Neutral', slashing the price target to Rs 2,300. With the stock now trading at a lofty 53x FY27 estimated earnings, valuation comfort is fading fast. BSE shares were trading 1% lower during the day after falling up to 6%. ADVERTISEMENT Also read | BSE shares crack 6% as SEBI approves Tuesday expiry for NSE derivatives This expiry day chess match started in May 2023, when BSE introduced Friday expiries. NSE responded by moving Bank Nifty to Wednesday, and BSE hit back by shifting Bankex to Monday in October. In January 2025, BSE again altered Sensex expiry to Tuesday and saw a meaningful uptick in volumes. ADVERTISEMENT But the back-and-forth sparked concerns at SEBI over growing volatility and speculative churn. In May 2025, the regulator stepped in and declared that weekly expiries could only be held on Tuesdays and Thursdays. Exchanges would now need prior regulatory approval to change expiry days.'SEBI's regulatory changes aim to create a more structured and stable environment for equity derivatives trading,' said Naman Shah, SVP at Ohm Dovetail. 'Investors can anticipate a more predictable and secure trading experience.'Volume Hit Ahead? Street Thinks So ADVERTISEMENT IIFL Securities sees a 10–12% volume impact for BSE, driven by reduced activity on 'E-2' days (two days before expiry), especially Fridays, which earlier contributed 19% of the week's volume. BSE's market share on Fridays — previously 20% — could now drop to just 8%.'We cut our FY27–28 EPS by 4–5% and expect the stock to remain under pressure until volume growth visibility improves,' IIFL traders, the expiry switch changes the rhythm of the week. NSE's new Tuesday expiry means longer premium buildup periods, more liquidity, and higher open interest leading into expiry — a dream setup for short-term F&O BSE, however, Thursday expiry leaves little room for pre-expiry speculation, especially with Wednesday often dominated by NSE's midweek expiry hangover.'Overall, the move seems tailored to balance market stability while reinforcing NSE's dominant position in the derivatives space, potentially dampening BSE's momentum in growing its relatively newer options segment,' Shah of SBI Securities said. The expiry turf war is over but the fallout has only just begun. (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store