Sales rise for domestic players after India last year banned sale of toys that are not certified by Bureau of Indian Standards
The domestic market being in a cyclical bull run, the more prudent thing would be to buy on dips, said MD Kacholia
Edible oil prices in domestic retail markets have shot up sharply by up to 46.15 per cent in last one year due to global factors and local tight supply situation, as per government data
Proceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose
The government has extended anti-dumping duty on certain types of seamless tubes, and pipes till October 31 this year with a view to guarding domestic manufacturers from cheap Chinese imports
Apart from HDFC duo, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were other gainers.
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
India should resist the misleading allure of the domestic market and should zealously boost exports, according to a research paper co-authored by former chief economic advisor Arvind Subramanian
Citing an example, he said earlier the market depended on China and Vietnam for bamboo for making incense sticks (agarbatti), but now the duty has been increased to 25 per cent
Goyal said that Covid-19 pandemic has taught a big lesson that over-dependence on certain geographies can cause a lot of difficulties in the time of stress.
The dip was also due to low demand for investment, as capacity utilisation remained stagnant in the Indian economy
Grey market premiums have dropped to 10% after last week's market fall.
He says corporation tax cut is a big exercise. It will take some time for the people to start mobilising the money and setting up factories
Domestic demand in volume terms, on the other hand, is expected to shrink due to skyrocketing prices
As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan
The govt might look for quick fixes under pressure to revive the economy, but sustainable economic growth will continue to be elusive without structural changes, writes T N Ninan
He said steel ministry has gone the extra mile to protect the domestic players from cheap imports