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Fibre2Fashion
2 days ago
- Business
- Fibre2Fashion
ICE cotton rises on short covering, weaker US dollar, rising crude oil
ICE cotton futures rose on Monday, the first trading day of the week, supported by short covering as speculators shed their bearish tone. A stronger crude oil market and a weaker US dollar also lent support. However, the tight range in US cotton prices suggested continued consolidation in the market. The ICE July 2025 cotton contract settled at 66.13 cents per pound (0.453 kg), up 1.07 cents from the previous day, marking its first triple-digit gain since May 2. The December 2025 contract closed at 68.69 cents, up 107 points, also recording its largest single-day gain since May 2. Other contracts posted gains ranging from 50 to 89 points. ICE cotton futures rose on Monday, driven by short covering, a weaker US dollar, and stronger crude oil prices. The July 2025 contract saw its first triple-digit gain since May 2, indicating market consolidation. International demand improved as the weaker dollar made cotton cheaper. Trade optimism and OPEC+ decisions also influenced sentiment. The weaker US dollar against other major currencies made US cotton more affordable for international buyers, encouraging overseas purchases. Crude oil surged nearly 4 per cent after OPEC+ maintained its July output increase at the same level as the previous two months. Higher crude oil prices make polyester—a man-made fibre alternative to cotton—more expensive to produce. Despite Monday's breakout, cotton prices continued to trade within a tight range for the 13th consecutive session, signalling sustained consolidation. Total trading volume reached 71,718 contracts, the highest since April 23. In comparison, Friday's cleared contracts totalled 39,650, while the previous week's average daily volume was 40,636 contracts. The rally was largely driven by short covering, as speculators exited bearish positions following a strong overnight session and key resistance breakouts. Market analysts noted that Friday's reversal was linked to end-of-month repositioning, which carried over into Monday's session with renewed short-covering momentum. Evidence also pointed to fresh selling at higher levels—likely from producers or merchants locking in sales or fixing July contracts to take advantage of improved prices. In other commodity markets, Chicago wheat and corn posted gains, while soybeans continued to decline, adding mixed sentiment across the broader agricultural futures space. Trade optimism also supported sentiment, with US President Donald Trump and Chinese President Xi Jinping expected to speak soon to address ongoing trade tensions, particularly concerning critical minerals. US Treasury Secretary Scott Bessent confirmed that the upcoming talks would focus on resolving disputes and stabilising the bilateral trade relationship. Meanwhile, Trump announced a tariff hike to 50 per cent on steel and aluminium imports, causing domestic prices for these metals to spike and triggering a sell-off in shares of foreign steelmakers. Presently, ICE cotton for July 2025 is being traded at 65.87 cents per pound (down 0.26 cent), cash cotton at 64.38 cents (up 1.07 cent), the October 2025 contract at 68.10 cents (up 0.01 cent), the December 2025 contract at 68.39 cents (down 0.30 cent), the March 2026 contract at 69.83 cents per pound (down 0.28 cent), and the May 2026 contract at 70.86 cents (down 0.25 cent). A few contracts remained unchanged, with no trading recorded today. Fibre2Fashion News Desk (KUL)
Time of India
24-05-2025
- Politics
- Time of India
Over 5k bodies give thumbs up to One Nation One Election
1 2 3 Lucknow: Groundswell for the BJP-backed One Nation One Election (ONOE) campaign may well be building up. Over 5,000 organisations, including local bodies, lent their support to the campaign, prompting the saffron outfit to step up its feedback-gaining exercise. UP BJP state general secretary and co-convener of the ONOE committee, Anup Gupta said that nearly 5,300 local bodies, including nagar panchayats, nagar palika parishads, nagar nigams, kshetra panchayats, gram panchayats and even cooperative societies, sent their letters of support to the President. "We also collected the copies of their support proposals. This clearly shows that the issue found significant resonance at the ground level," he told TOI on Thursday. Sources said that the BJP mobilised civil society, including NGOs and professionals, to give their feedback as part of an extensive outreach campaign aimed at building consensus for simultaneous elections across India. Early this year, the BJP launched a pan-India campaign to raise awareness about its ambitious plan for simultaneous elections and build broad public consensus around it. The advocacy, sources said, is essentially guided by a central BJP committee led by Union minister Shivraj Singh Chouhan, with BJP general secretary Sunil Bansal as the national coordinator. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Panels have also been formed at the state level to take the message forward. The outreach focused on facilitating meetings on the need for ONOE with various sections of society, including academia, doctors, lawyers, traders, ex-servicemen, youth, women, farmers and sportspersons, as well as elected bodies like panchayats, nagar palikas and zila parishads. Deliverables of the campaign include pro-ONOE resolutions being passed by these bodies and organisations, all addressed to President Droupadi Murmu. A senior BJP functionary said that the campaign primarily aims to highlight its potential to reduce electoral expenditure and strengthen national unity. He stressed that the idea aligns with the Constitution's preamble, promoting a unified national identity. The BJP has been a vocal proponent of ONOE. Senior party functionaries have been arguing that frequent elections disrupt governance and development. Implementing ONOE could boost GDP by 1-1.5% by providing govts with more stable time for development work, the BJP stated. The opposition parties, including Congress, SP and BSP, however, have been vocal against the ONOE, believing that it would undermine the federal structure of the Indian Constitution and the states may lose autonomy. The BJP has been dismissing concerns that ONOE would harm regional parties, citing the historical precedent of simultaneous elections from 1951 to 1967.
The Print
15-05-2025
- Business
- The Print
Indian defence exports saw 34-fold jump in past decade, says Rajnath Singh
The defence minister's office asserted that India's defence sector is growing stronger than ever, driven by the spirit of a self-reliant or Atmanirbhar Bharat. 'India exported defence goods worth Rs 23,622 crore in 2024-25 — a 34-fold rise as against just Rs 686 crore in 2013-14,' Defence Minister Rajnath Singh's office said in a post on X. New Delhi: Defence exports from India are at all-time highs, having risen a whopping 34-fold over the past decade. As part of its 'Atmanirbhar' and Make in India plans, the government launched various schemes, including the production-linked incentive (PLI), in various sectors to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain, and reduce dependency on imports. With the government's thrust on the Make in India initiative, defence production has surged to historic highs. This rise in defence manufacturing has also led to substantial returns for investors in major defence manufacturing PSUs over the past years. The government is investing heavily in defence and aerospace manufacturing, with several defence hubs being set up. Notably, many global companies have either shared or shown intent to share critical defence and aerospace knowledge with India. A wide range of items, including ammunition, arms, subsystems/systems, and parts and components, were exported to around 80 countries in the just-concluded financial year, according to the Ministry of Defence data. The government is now aiming for annual exports worth Rs 50,000 crore by 2029, thus strengthening its global footprint. Indian defence sector stocks, which had recently corrected from their highs, have again been soaring over the past weeks, much of it due to the recent flare-up of tensions with Pakistan. The successful display of India's indigenously developed systems against the adversary last week also lent support to the defence stocks basket. The latest conflict with Pakistan also alluded to the fact that it is critical to achieve self-reliance in defence manufacturing. The Nifty India Defence index has climbed over 30 per cent over the past three months, reflecting investor confidence in the strategic importance and commercial growth of India's domestic defence sector. The rise in indigenous defence manufacturing has also led to substantial returns for investors in major defence manufacturing PSUs over the past few years. (ANI) This report is auto generated from the ANI news service. ThePrint holds no responsibility for its content. Also Read: How upgraded L/70 guns, or 'original Bofors', became India's frontline defence against Pakistan UAVs
Hindustan Times
15-05-2025
- General
- Hindustan Times
Original Sheesh Mahal gets heritage makeover
Replacing damaged red sandstone with new ones closely mimicking Mughal-era structures, undertaking lime punning with a mixture matching the original composition and redesigning fading patterns of walls — the Archaeological Survey of India (ASI) has begun the second leg of its restoration work of the 17th century Sheesh Mahal in northwest Delhi's Shalimar Bagh. The Sheesh Mahal, occupying the farther end of the Shalimar Garden, also known as the Shalimar Bagh, is one of the structures located in the complex, which is believed to have originally covered about 150 acres. This is the 'original' Sheesh Mahal, which was at the centre of a political showdown in the run-up to the Delhi assembly elections held in February 2025, as it lent its name to a moniker given by the Bharatiya Janata Party to former Delhi chief minister Arvind Kejriwal's residence at 9, Flag Staff Road. In June 2024, ASI began the first phase of conservation work at the site, which included stabilising the structure of the Sheesh Mahal. 'Now, we are focusing on replacing damaged stones and restoring as much of the original design as possible,' said an ASI official aware of the matter. During HT's visit in June 2024, when the conservation work was just about to start, the structure was crumbling with broken red sandstone and fading patterns on the walls. ASI says it is now replacing the faded patterns with similar designs which represent flower motifs. The original structure was built with red sandstone and lakhori brick (flat, thin, and red burnt-clay bricks), both of which were common building blocks in structures from the Mughal era. Broken patches are being replaced with similar red sandstones. 'They which were fragile and flaking at places. In several parts of the structure, the lakhori bricks used had also come loose, and those have been replaced as well. There is also evidence of some old designs. The thickness and design of the original brick have been replicated using dasa stone in the entire structure,' the ASI official added. According to the official, dasa stone refers to the layer of brick used for panel work on top of the original structure. Flaking plastering has also been renewed and work on exposed bricks has been done. The ASI official said that header stones have been used to support gaps in the structure. The agency will also work on the currently non-functional fountain area which lies in front of the structure . The official said, 'ASI is working with a lot of archival materials and heritage consultants. Once we have a full picture of how it used to work and how we can restore it, this work will also be done.' Believed to have been built by Mughal king Shah Jahan, the ASI listing of the Shalimar Garden mentions that 'the garden, originally known as the 'Aizzabad Bagh, was named after his mistress 'Aizzu'n-Nisa Begam'. The listing also mentions that it originally consisted of an enclosure with a palace in the centre, called the Shish Mahal, now surviving in parts. 'There were some other buildings, but they have all disappeared,' it says. Shah Jahan's son Aurangzeb crowned himself at the Shalimar Bagh on July 31,1658 and later used it as his country house, said the ASI official quoted above. The site was also used extensively during British times, the official added. Among the structures restored at the site is a stone structure which has twelve doors, and hence called Bara Dari (12 doors). Near the backside of the Sheesh Mahal lies a well, which has been cleaned desilted. Officials said it is full of water and fully functional. 'The Archaeological Survey of India has recently undertaken conservation work at the Baradari and Tank of Sheesh Mahal, in Delhi, as well as the surrounding structures within the complex. This includes the application of 3mm thick lime punning with special mortar mix of lime, gur, gum, batash, marble dust and methi dana — matching the original composition. Old, decayed plaster was removed,' ASI said in a recent post on X. It added:'Additionally, the structural conservation of the Sheesh Mahal and adjoining well includes recessed pointing of Lakhori brick masonry using lime mortar mixed with adhesive materials. Raking out of old mortar, cleaning, watering and finishing the surface over an area of approximately 150 metres in length and up to 6 metres in height. Plastering and replacement of damaged stonework, including slabs and dasa stone facings on the northern elevation…These efforts are part of ASI's commitment to protect India's heritage.' The Delhi Development Authority (DDA) is responsible for maintaining the Shalimar Garden. An official said that almost 95% of the beautification work at the site is done. DDA has also converted a small structure near the entrance into a cafe. 'This was one of the remaining structures inside the complex. We have turned this into a book cafe. It is almost ready and will be opened soon,' the official added.
Yahoo
04-03-2025
- Entertainment
- Yahoo
George Lowe, Space Ghost voice actor and Adult Swim star, dead at 67
George Lowe, a longtime voice actor who lent his talents to shows like "American Dad!" and "Space Ghost Coast to Coast," died Sunday, a representative confirmed. He was 67. A cause of death was not shared. Born in Florida in 1958, Lowe got his start at WWJB, a local radio station when he was just 15. Honing his swooping vocal style and ability to bring life to characters without ever being seen, Lowe appeared sporadically on the Cartoon Network and TBWS throughout the 1980s and early '90s, according to Deadline, before landing his big break on "Space Ghost Coast to Coast" in 1994. Starring as the Hanna-Barbera character Space Ghost, the host of a late-night comedy show parody, Lowe interviewed real-life celebrity guests like "The Nanny" lead Fran Drescher and "Taking Heads" frontman David Byrne. The program ran from 1994 to 1999 and was revived in 2001 for another three years by Adult Swim, Cartoon Network's programming block aimed at an older audience, and GameTap, TBS' online video game service, from 2006 to 2008. Lowe's voice also appeared in "Robot Chicken" and "Aqua Teen Hunger Force," both popular Adult Swim programs in their own right. He also voiced Cyrus Mooney on "American Dad!" In a post to Facebook, longtime friend and Florida-based radio DJ 'Marvelous Marvin' Boone mourned Lowe's loss. "I'm beyond devastated. My Zobanian brother and best friend for over 40 years, George Lowe, has passed away after a long illness," Boone wrote. "A part of me had also died. He was a supremely talented artist and voice actor. A true warm hearted genius. Funniest man on earth too. I've stolen jokes from him for decades. He stole some of mine. He was also the voice of Space Ghost and so much more." This article originally appeared on USA TODAY: George Lowe dead: 'Space Ghost Coast to Coast' star was 67
