Tuesday, September 08
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, Apex Frozen Foods plunging 11.6% to Rs 202.90, while Waterbase Ltd dropped 3.8% to Rs 47.Textile exporters were also hit. Gokaldas Exports lost 2.4%, Pearl Global fell 5.3%, and Kitex Garments, which derives 70% of sales from the U.S., slumped 5%, while KPR Mill shed 2.5%. Raymond Lifestyle, Welspun Living, and Trident posted smaller losses of 1–3%.Tariff shockTrump’s additional 25% levy took effect Wednesday, August 27, effectively raisi
Vodafone Idea shares extended losses for the second straight session, falling 11.3% over two days to touch an intraday low of Rs 6.56 on Thursday. The decline comes after the government clarified that no additional relief will be considered for the financially stressed telecom operator with respect to its adjusted gross revenue (AGR) dues.The Department of Telecommunications (DoT) confirmed that, beyond the relief measures already extended, no fresh concessions are planned.Minister of State for Communications Chandra Sekhar Pemmasani said the government has already converted a significant portion of Vodafone Idea’s dues into equity, making it the single-largest shareholder, and there are no ongoing discussions for further changes.In March, the government converted dues worth Rs 36,950 cr
Shares of Jaiprakash Power Ventures (JP Power Ventures) hit the 5% upper circuit at Rs 18.96 on the BSE on Thursday after the company’s board approved a proposal to explore setting up a 50 MW Solar PV Power Plant with an estimated investment of about Rs 300 crore at its site in Bina, Madhya Pradesh.In a regulatory filing, the company stated that its Board of Directors, at a meeting held on August 27, considered establishing the solar facility at the premises of the existing 500 MW Jaypee Bina Thermal Power Plant (JBTPP). The project will require necessary approvals, including those from lenders, before implementation.“This is to inform you that the Board of Directors, in its meeting held today, i.e. 27th August 2025, has considered the proposal to explore the options for setting up of
