trident

Textile companies to take 5-10% revenue hit amid Trump’s 50% tariff, says Crisil

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Textile companies to take 5-10% revenue hit amid Trump’s 50% tariff, says Crisil

India’s home textile makers could be staring at a 5–10% decline in revenue this fiscal after the US imposed 50% tariffs on August 27, according to Crisil Ratings. With exports to the US contributing nearly three-fourths of the industry’s revenue, the blow is significant, but Crisil says it could be cushioned by a few mitigating … Read more

Export-oriented shrimp, textiles stocks slide up to 12% after Trump’s 50% tariff takes effect

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Export-oriented shrimp, textiles stocks slide up to 12% after Trump’s 50% tariff takes effect

Shares of shrimp and textile exporters sank as much as 12% on Thursday after U.S. President Donald Trump’s 50% tariff on Indian imports came into force, eroding competitiveness and triggering a broad selloff in some of India’s most export-dependent companies. Shares of India’s leading shrimp exporters fell, with Avanti Feeds down 4% to Rs 614.05, … Read more