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Indian ready-made garment (RMG) industry revenue growth is projected to slow significantly due to the US imposing 50% tariffs on imports from India starting August 27, 2025. Crisil's analysis indicates a decline in profitability and weakened credit metrics for RMG exporters, particularly those heavily reliant on the US market. An analysis of over 120 ready-made garment (RMG) makers with a total revenue of Rs 45,000 crore by Crisil has shown that the revenue growth of the country's RMG industry ...Read More >
New Delhi [India], August 26 (ANI): 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 will vary by company, some of which get more than 40 per cent of their revenue from the US, the report added, based on the ana ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
Mumbai, Aug 26 (PTI) India's readymade garment industry's revenue growth is expected to almost halve to 3-5 per cent this financial year, as the US imposes 50 per cent tariffs on its imports from India, which will become effective from August 27, 2025, a report said on Tuesday. Readymade garment (RMG) exports totalled USD 16 billion last fiscal, which accounted for 27 per cent of the sector's total revenue, Crisil Ratings said in a report. A third of the exports were to the US, and the 50 per ...Read More >
Mumbai: Revenue growth of the domestic readymade garment (RMG) industry is projected to slow to 3-5% this fiscal year, after the US imposed a steep 50% duty on India's imports to the world's largest economy. The tariffs, which take effect from Wednesday, could crimp profitability of garment makers, likely straining their financial health, according to a note from ratings agency Crisil released on Tuesday. The impact will vary, hitting some firms harder than the others, especially those that ge ...Read More >
New Delhi [India], August 26 (ANI): 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 will vary by company, some of which get more than 40 per cent of their revenue from the US, the report added, based on the ana ...Read More >
(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve's next policy move from a three-day conference in Jackson Hole. A sharp decline in technology stocks such as Nvidia, AMD, Palantir and Meta earlier this week signaled investor fears that the stocks, which have soared since April lows, are now overvalued, while Washington's growing interference in the sector h ...Read More >
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