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Time of India
5 days ago
- Business
- Time of India
India can capture textile exports share of Bangladesh, Cambodia and Indonesia amid US tariffs: SBI
India could see a significant boost in its apparel exports to the United States amid ongoing tariff tensions involving key Asian exporters, according to a recent report by the State Bank of India (SBI). The report highlighted that India, which currently holds a 6 per cent share in the US apparel imports market, stands to benefit if it captures an additional 5 per cent share from competing countries. This potential gain could translate into a 0.1 per cent addition to India's GDP. The report noted that apart from its strong position in chemicals, India has a Revealed Comparative Advantage (RCA) in textiles and exports apparel and accessories to the United States. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like O novo Chevrolet Tracker é simplesmente perfeito com esses preços! Smartfinancetips Saiba Mais Undo However, it faces stiff competition from countries like Bangladesh, Cambodia, Indonesia, and Vietnam in this segment. Of these, Vietnam currently enjoys a more favorable tariff structure. The report stated that for the other countries, Bangladesh, Cambodia, and Indonesia, the current US tariff structure places them at a disadvantage compared to India. Live Events It stated "India can capture apparel exports share of Bangladesh, Cambodia and Indonesia". The analysis is supported by US import data from 2024. The top five items the US imports from Bangladesh, Cambodia, and Indonesia prominently include "Apparel & Accessories," with Bangladesh contributing a massive 88.2 per cent of its US exports in this category, Cambodia at 30.8 per cent, and Indonesia at 15.3 per cent. These countries are now likely to face higher tariffs from the US, opening up a window of opportunity for India to expand its footprint. In addition to apparel, SBI's report identified further export growth potential for India in other sectors, particularly in countries affected by US tariff changes. These include agricultural goods, livestock and its products, waste and scrap, especially metal scrap, and various processed animal and vegetable products. The report concluded that India should actively leverage this trade shift and strengthen its export presence, especially in categories where it holds a comparative advantage. By capitalizing on emerging opportunities amid changing global trade dynamics, India can not only boost its exports but also drive incremental growth in its economy.
Time of India
05-07-2025
- Politics
- Time of India
87% enumeration forms distributed in Bihar; 5% filled up & returned; documents can be added later
Special intensive roll revision (SIR) completed in Bihar NEW DELHI: Booth level officers (BLOs) on Friday completed door-to-door visits to the state's nearly 1.5 crore households as part of the ongoing special intensive roll revision (SIR), distributing enumeration forms to over 87 per cent or over 6.8 crore, of Bihar's 7.9 crore electorate. Already, 38 lakh or 5 per cent filled-up and signed enumeration forms, with or without the specified documents, have been received by the BLOs, with the figure expected to touch 15 per cent on Saturday. Sources in the election commission (EC) told TOI that even where enumeration forms are short on one or more required documents, there shall be a window for the elector concerned to submit them anytime before July 25, the last date for submission of the completed enumeration forms. 'All those who turn in their filled-up forms by July 25 will be included in the draft electoral roll to be published on August 1, 2025,' said an EC official adding that the BLOs are working with the motto 'inclusion first'. 'In order to get one's name in the draft electoral roll, the strict condition is to sign and submit the pre-printed enumeration form before July 25. This step will filter out non-existent voters, either dead or migrated ones who are no longer ordinary residents of that assembly constituency,' said an EC officer. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like O novo Chevrolet Tracker é simplesmente perfeito com esses preços! Smartfinancetips Saiba Mais Undo Though BLOs will give their recommendation while submitting/uploading the filled up enumeration form, the electoral registration officer (ERO) or assistant ERO (AERO) is expected to scrutinise the forms 'not recommended' by BLOs only after draft rolls are published on August 1. Claims and objections to the draft electoral roll can be filed from August 1 to September 1. 'Based on the documents attached or not attached, eligibility verification of each name in the draft roll will start vigorously from August 2 onwards, which is also the date from which political parties or any member of the public can file claims and objections,' said an officer. EROs and AEROs will scrutinise the forms against the eligibility criteria laid down in Article 326, which requires electors to Indian citizens, not less than 18 years of age and ordinarily resident in the constituency. Asked about the remaining 13 per cent enumeration forms still not distributed by BLOs, EC said these could be on account of locked houses, dead electors, migrants or those who may be travelling. BLO will be making two more house visits in such cases. Electors who miss the July 25 deadline can still apply for inclusion during the claims and objections period using Form 6. The over 1.5 lakh booth level agents (BLAs) appointed by political parties, including 52,689 by the BJP 47,504 by RJD, 34,660 by JD(U) and 16,500 by the Congress, can continue to submit up to 10 forms per day even after the draft roll is published. The final electoral roll will be published on September 30, 2025. Those still aggrieved can file first appeal with the district magistrate and final one with the chief electoral officer. Further additions to the electoral roll can be made even after the Bihar poll is announced, that is, till the last day of filing of nominations.
Time of India
18-06-2025
- Business
- Time of India
Crude price surge to impact paint, aviation sectors; don't rush into pharma now: Sunil Subramaniam
Sunil Subramaniam , Market Expert, says crude oil's recent price surge to $74, significantly impacting India's GDP, inflation, and industries like paints and aviation, is causing concern. Geopolitical risks, particularly Iran's potential Hormuz Strait blockade and possible Israeli retaliation against Iranian refineries, are fueling uncertainty. This volatility is prompting foreign institutional investors to remain cautious, while domestic fund managers see opportunities in the resulting market dips. How sensitive is the Indian equity market right now to the developments in the western Asian region because on the crude front we seem to be fairly well cushioned from everything that is happening? What caused this downtick in the markets after the kind of jump we saw on Monday? Sunil Subramaniam: I think that crude already had its big move and while it may not be going from $74 levels to $80, but $74 is still $10 more than what it was. For a pretty long period of time, crude has been in the mid-60s. So, a $10 rise in the price on an average does have its impact on GDP, on inflation, fiscal deficit, everything, and including the industries which use crude products. The costs for paints, fertilisers, chemicals, aviation will go up. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like O novo Chevrolet Tracker é simplesmente perfeito com esses preços! Smartfinancetips Saiba Mais Undo Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. A broad swath of Indian companies use crude as an intermediate. So, to that extent, the impact of crude continues to be worrisome from a hedge fund and short-term FII flow perspective. So, they would rather wait and see which way this goes because the point is that if Iran is being pushed into a corner, will it do something like a blockade on the Hormuz Strait? I think that is the biggest risk that is being factored because about a third of the world's oil comes through this strait. Iran's own production of oil is absorbed fully by China and it is not impacted by the embargo that the US has put on Iran oil. They are not selling to anybody else except China, so that is not the concern. The concern is about Iran retaliating by doing a blockade or threatening to bomb the ships, tankers that go through the Hormuz Strait, number one. Number two, if Iran does do some kind of a counterattack, is Israel going to go away from its stated position of hitting the nuclear sites and hit the refineries in a big way, in which case Iran oil supply goes out and then China will have to buy from somebody else. Live Events You Might Also Like: Iran-Israel tensions rise: India explores alternative oil sources I am not saying that in crude we are not yet out of the woods in the sense of predicting stability. My medium-term view of crude is that it should come back down to the mid-60s levels. But till this war-related uncertainty remains, if it remains at the $75 level, it has enough impact on downstream companies in India and the Indian overall scenario. So, I would say that that is the single biggest factor which is making FII stay on the sidelines and causing the volatility. Domestic fund managers are fairly clear. They are stepping in to buy wherever they see value emerging because of FII selling. But clearly, we will have to wait and see what happens. In the Russia-Ukraine war and in the other wars, there was not an impact on Indian crude. This is the first war where that is being clearly seen as a risk factor and that dominates the FII thought process at this point in time. There has been a big sword hanging on the pharma sector back home as well. What happens to the protected generic sector? Sunil Subramaniam: My own sense is that Trump cannot act too tough there because ultimately the US health care system needs to provide cheap healthcare to the public and for social security and healthcare the government picks up the tab. I think this is a lot of rhetoric from Trump. But yes, some tariffs will come in. I do not feel it will be as deep as the market is currently reading. In the BTA, whether India can seek an escape clause also has to be seen. He might put a broad range of pharma tariffs, but then if you sign a BTA with India, that might be excluded from the tariffs. So, the whole set of options are out there in the market. Obviously now it is a very dangerous time to go and step into the pharma sector to either buy or do anything. It is better to wait out these kinds of statements from Mr Trump as well as the BTA signing before making any strong decisions on CDMO versus generics in terms of the pharma. You Might Also Like: How will the surge in crude oil prices affect various sectors?
Time of India
18-06-2025
- Automotive
- Time of India
M&M shares in focus after CCI clears 59% stake acquisition in SML Isuzu; open offer to follow
Mahindra & Mahindra (M&M) shares will be in focus on Wednesday after the utility vehicle major received approval from the Competition Commission of India (CCI) to acquire a controlling 58.96% stake in SML Isuzu . The acquisition will be carried out in two tranches: 43.96% from the promoter, Sumitomo Corporation, and 15% from the public shareholder, Isuzu Motors Ltd. Following the deal, M&M will launch an open offer to acquire up to 26% of SML Isuzu's equity from public shareholders at Rs 1,554.60 per share, in line with SEBI's takeover norms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like O novo Chevrolet Tracker é simplesmente perfeito com esses preços! Smartfinancetips Saiba Mais Undo The CCI granted its unconditional approval on June 17, 2025, under Section 31(1) of the Competition Act, 2002—clearing a key regulatory hurdle. M&M is now expected to proceed with the share purchases and the open offer process. With this acquisition, M&M aims to strengthen its presence in the commercial vehicle segment above 3.5 tonnes. The company currently holds a 3% market share in this category, which it expects to double to 6% post-acquisition. M&M is targeting a market share of 10–12% by FY31 and 20% by FY36, the company said in a statement. Live Events SML Isuzu, which holds a 16% share in the ILCV bus segment, reported operating revenue of Rs 2,196 crore and EBITDA of Rs 179 crore in FY24. Also Read: 10 midcap stocks with more than 20 buy Calls: Analysts see up to 25% upside M&M shares target price According to Trendlyne, the average target price for M&M stock is Rs 3,562—an 18% upside from current levels. Among the 37 analysts tracking the stock, the consensus rating is 'Strong Buy'. Technically, M&M's Relative Strength Index (RSI) stands at 48.4, indicating neutral momentum. The MACD is at 26.7—above the center line but below the signal line. M&M shares have gained 11% over the past three months and are up 114% in the last two years. The company's current market capitalisation is Rs 3,74,028 crore. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times
Yahoo
30-04-2025
- Yahoo
16-year-old charged with third-degree murder after fatal hit-and-run in York County
YORK COUNTY, Pa. (WHTM) — Police have charged a 16-year-old with third-degree murder among other charges after a fatal crash occurred in York County in January. According to Pennsylvania State Police in York, on January 17 at around 9:12 p.m., a crash occurred in the area of Susquehanna Trail South and Seaks Run Road in Springfield Township, York County. According to police, a Chevrolet Tracker was traveling southbound on Susquehanna Trail South. Police say the suspect's vehicle, an Acura TL, was traveling north on Susquehanna Trail South when it merged into the southbound lane and began to pass another vehicle. Police say to avoid a head-on collision, the driver of the Tracker swerved off the southbound roadway with the Acura and struck a tree on the passenger side. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Police say the Chevrolet Tracker was occupied by 20-year-old Amelia McEvoy and two others at the time of the crash. Amelia McEvoy was pronounced deceased on the scene. The suspect continued fleeing the scene north, per police. PREVIOUS COVERAGE –> Woman killed in York County crash, PSP investigating Upon investigation, police determined that the Acura TL was operated by 16-year-old Danneyber Garcia-Villarroel. Police gathered evidence from phones, video surveillance, and statements from witnesses to determine that Garcia-Villarroel was operating his vehicle in a sustained reckless manner. Police say that before the crash, Garcia-Villarroel was observed passing vehicles and traveling at high speeds. Police declared that direct actions are what caused the crash that killed Amelia McEvoy and caused serious bodily injuries to the other two Tracker passengers. On April 29, Troopers took Danneyber Garcia-Villarroel into custody on charges of Murder of the 3rd Degree (F1), Aggravated Assault (F1), Accidents Involving Death (F2), Accidents involving Personal Injury (F3), Aggravated Assault by Vehicle (F3), Homicide by Vehicle (F3), Recklessly Endangering Another Person (M2), and multiple related summary traffic offenses. Garcia-Villarroel was arraigned and his bail was denied. His preliminary hearing is scheduled of May 13. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
