In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
Despite the onset of wedding season, the situation in apparel retail market remained unchanged and saw sharp decline in sales
The country's exports grew 5.37 per cent year-on-year to $27.24 billion in January 2021, mainly driven by healthy growth in pharma and engineering sectors, according to provisional data of the commerce ministry. Trade deficit during the month narrowed to $14.75 billion from $15.3 billion in January 2020. It was $15.44 billion in December 2020. Imports in January 2021 rose 2 per cent to $42 billion.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
Despite the sharp run up in its share price post-IPO, Hanung Toys and Textiles looks attractively priced thanks to its booming business.
Remove 10 per cent Excise Duty on Branded Garments or reduced it to 1 per cent level in line with 130 Other Items. Extend benefits of Section 35 (2AB) of the Income Tax Act (deduction of 150 per cent of the expenditure incurred on In-house Research and Development Facility by any Company engaged in the business of Manufacture or Production of any Article or thing specified in the Eleventh Schedule).
Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?
Maharashtra Chief Minister Devendra Fadnavis on Saturday allocated portfolios to newly sworn-in ministers and reshuffled certain portfolios.
India has demanded resumption of export benefits to certain domestic products under GSP, and greater market access for its products from sectors like agriculture, automobile, auto components and engineering. On the other hand, the US wants greater market access for its farm and manufacturing products, dairy items and medical devices, data localisation, and import duties cut on some ICT products.
We import from China not because we love China, but because they sell us these things at cheap prices, points out Rathin Roy.
The Asean secretariat hopes the meet may be able to iron out existing wrinkles raised by India. Since there had been no significant progress on the matter over the past two years on most issues, New Delhi is yet to decide on the invite.
In this era of online commerce and virtual shopping, Raymond Ltd, one of India's oldest textile manufacturers and retailers, has tailor-made an offline strategy to maintain a strong foothold in the tier III and IV towns. Samreen Ahmad reports.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
India Inc had cheered Donald Trump's decision to scrap TPP, but now there is a growing sense that it won't really lead to positive growth in trade with the US. Subhayan Chakraborty reports.
The proposed reorganisation plan by Reliance Industries Ltd to transfer its refining, marketing and petrochemical (oil-to-chemicals) businesses to a wholly-owned subsidiary is a step towards facilitating participation by strategic investors in the unit, Fitch Ratings said on Tuesday. The reorganisation of the business in Reliance O2C Limited (O2C) "will have a neutral impact on RIL's credit metrics and rating," it said in a statement. The transfer will be on a "slump sale basis", subject to attaining the requisite approvals.
From 50 stores Vimal Textiles aims to have 150 in 3 years.
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Suneet Varma discusses his fondness for jewellery, his newly-minted role as a jewellery designer, and why he'd like people to reconsider their love for gold jewellery.
'If the epidemic is sharply contained in a month or two, we have a huge buying opportunity. 'If not, we are staring at a serious economic crisis, the contours of which we are totally unaware of,' warns Debashis Basu.
The country's exports dipped 8.74 per cent to $23.52 billion in November on account of contraction in shipments of key sectors like petroleum, engineering, chemicals and gems and jewellery, official data showed on Tuesday. Trade deficit during the month narrowed to $9.87 billion as imports too declined by 13.32 per cent to $33.39 billion.
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
The appreciating rupee may just be one of the reasons why the Indian textiles sector may have suffered in the exports market.
NITI Aayog wants the prime minister's flagship initiative should focus on labour-intensive sectors and policies that impede their growth to get special attention.
Three TMC leaders Amit Mitra, Bratya Basu and Rathin Ghosh were sworn-in virtually. Mitra is unwell and both Basu and Ghosh are recuperating from COVID-19.
In the third of a six-part series, Business Standard travels through diamond and textile units in Surat to assess the impact of demonetisation.
'It is not with feelings of devotion or piety that these people are gathering.' 'It is mostly with emotions of hatred.' 'Listen to their slogans and their rhetoric and this becomes immediately clear,' says Aakar Patel.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
Indian textiles industry needs to restructure itself by evolving manufacturing and marketing strategies to take advantage of the likely addition of a $100 billion to world textiles trade, once the quota regime under WTO ends in 2004.
The world's second largest jeans maker Carrera Jeans of Italy on Saturday said it would invest $250 million in India.
Listed entities demerge businesses from lubricants and skincare to textiles, tea and information technology.
In the fifth of a six-part series, Business Standard visits Coimbatore, often referred to as the Manchester of South India for its promising textile industry, to assess the impact of the note ban.
Barring rice, spices, iron ore and pharmaceuticals, all the remaining 26 key sectors registered negative growth in May. Imports too plunged 51 per cent to $22.2 billion in May.
The National Textile Corporation (NTC) has earned Rs 4,034 crore through sale of assets as a part of its Modified Revival Scheme (MRS), which mainly includes land of closed mills, according to Union Minister for Textiles Dayanidhi Maran.
Vimal also plans to emerge as the leading textile brand by 2009-10, on the back of an aggressive retail presence all over India and the introduction of innovative premium products. The brand will also offer complete solutions to export markets -- from fibre to garments -- and will sharpen focus on the global automotive furnishing business.
The Uttar Pradesh Export Corporation Limited (UPECL), a state government undertaking engaged in the development and marketing of handicrafts and handloom items produced in Uttar Pradesh, is set to apply for patenting of Lucknow chikan. Once the office of Intellectual Property Rights (IPR) gives its certificate, chikan would exclusively be linked with Lucknow city.
Narain Labels Pvt (I) Ltd is conducting walk in interviews for various job profiles.
