
Biz body in Indore announces Rs 1.11 lakh fine on sellers of Chinese and Bangladeshi clothes
'Our organisation believes that the business of clothes made in China and Bangladesh is against Indian interests. Therefore, we have decided that if any of our member shopkeepers is found selling clothes made in these countries, they will be fined Rs 1.11 lakh,' Indore Retail Garments Association president Akshay Jain told reporters.

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- Economic Times
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Economic Times
25 minutes ago
- Economic Times
Don't peg your expectations from market too high; look for growth stories: Shreyas Devalkar
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There are pockets where the stories are really established. You spoke of three aspects, the US tariff on India, the credit and the interest rate part and earnings. When it comes to the US tariff part, we have to see how it evolves, especially as it is not only about India versus US, but also India versus China, and other competing countries where they also have a comparative advantage. In such a situation, we need to wait and watch not only the tariff on India, but also on all these countries so that the end game is established. Aditya Khemka on US tariff threat over pharma and what to bet on there The way it looks, as of now, the market has tried to factor in certain gains in some aspects. So when it comes to established stories like electronics, manufacturing, services, there is a shift from China to India. The second part is the Make in India theme where we are trying to build in India and trying to reduce import dependence. It can be in solar, and is actually in multiple parts and sub-parts of even consumer durables. The government has taken multiple steps in that. Another part that is growing very well is manufacturing. Such stories are emerging very nicely and there the valuations definitely remain high. So, these stories are in capital goods, power sector, capex, and EMS, and here we are driving import substitution. On the other hand, in consumption, they are in tourism, travel and retail. Some of the retail stories are doing extremely well. These are the segments which continue to do well and where the valuations are high. We need to bear with it. As long as the growth delivery remains, the valuation may sustain. There are pockets where valuations are not that high and there is expectation of revival and that is one of the aspects which you highlighted on the credit and the lower interest rate. There, the private sector banks' valuation has not got re-rated compared to pre-Covid days. In some cases, there is a de-rating also. Overall, NBFC valuation is broadly similar to pre-Covid days' barring a few cases here and there because of the slowdown in credit growth as well as deposit growth. Obviously these are the reasons why it has happened. Now, with lower interest rates and better transmission, one may see some revival there. ADVERTISEMENT But would you be comfortable putting fresh money to work at this level right now? Shreyas Devalkar: As a long only investor, we end up investing. So, even if you do not end up putting in fresh money, whatever you own is as of yesterday's price. That is the way we look at it. So, from the point of view of the investors, the market has gone up substantially. Over a longer period of time, the market has given returns closer to nominal GDP growth and one should set right expectations from the returns from the equity market rather than expecting too high returns which has been the case in '22, '23 and '24 because there is a substantial re-rating in the stories. So, from that re-rating, a very high return is difficult to expect and on the other hand there are certain segments where we need to see some revival in growth to get a good return. Otherwise, the right return expectation is important here. ADVERTISEMENT In your latest fact sheet, you have mentioned that while our overall macros look good, we are not completely out of the woods yet. In light of the recent CPI numbers which have been much better than what the Street was expecting, overall macros in terms of liquidity are looking good. Where are you still expecting to see some more momentum in order to say that a broad-based recovery in macros is seen? 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Hindustan Times
28 minutes ago
- Hindustan Times
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