The revenue growth of India’s readymade garment (RMG) industry is expected to slow sharply to 3-5 per cent this fiscal, nearly halving from last year’s levels, according to a report by Crisil Ratings. The report added that that will impact the credit indicators for industry participants, as well as a drop in profitability. The impact…
Domestic equity benchmarks suffered sharp losses on Tuesday amid a broad-based sell-off, led by financial stocks, as investors fretted about an official US notification confirming the Trump 2.0 administration’s move to take the total duty on Indian goods to 50 per cent. Both headline indices tumbled 1.0 per cent for the day. The Sensex gave…
Patel Retail IPO Listing Today: Patel Retail shares made a strong stock market debut on August 26, listing at a nearly 20 per cent premium over the IPO price, following robust investor demand that saw the issue subscribed 95.70 times between August 19 and 21. On the National Stock Exchange (NSE), Patel Retail shares were…
Market opening bell:Â Indian equities opened lower on Tuesday, August 26, tracking weak global cues and rising geopolitical tensions. Investors turned cautious ahead of fresh US tariffs set to take effect from Wednesday. The BSE Sensex declined 211 points, or 0.26 per cent, to around 81,425, while the Nifty50 slipped 76 points, or 0.30 per cent,…
As the United States imposes a steep 50 per cent tariff on Indian goods, the Indian government is rethinking its trade and economic strategy—shifting focus to long-term reforms aimed at strengthening manufacturing, improving ease of doing business, and boosting export competitiveness. While talks around a bilateral trade agreement with the US remain uncertain, New Delhi…
Ola electric shares today: Ola Electric saw its shares rise as much as 5 per cent on Monday, touching an intraday high of Rs 49.40, after reports emerged that Niti Aayog is stepping up efforts to accelerate the shift toward electric motorcycles in India. According to Hindu Businessline, the government’s policy think tank has called a…