August proved volatile for PMS funds, with several small and midcap strategies logging steep lossesValcreates Lifesciences fund plunged 10.19%. Yet, a few portfolios like Wallforts Avenue Fund and Valcreates Digital Disruption strategy posted modest gains, highlighting sharp performance divergence.
Indias home textile sector faces a 510% revenue drop this fiscal after the US imposed 50% tariffs. While frontloaded orders, limited rival capacity, and new markets offer some cushion, profitability may shrink. Crisil warns of weaker credit metrics, though optimism over IndiaUS trade talks briefly lifted textile stocks.
A recent poll indicates that Americans are concerned about President Donald Trump's increasing use of executive power. This includes deploying troops to cities and intervening in the economy. Most people favour limits on presidential power, the poll found. They disapprove of Trump's actions that break established norms.
Following Prime Minister Oli's resignation due to student protests, Nepal's President and Army Chief are in talks to establish an interim government. Discussions at the army headquarters involve selecting a leader from candidates like Sushila Karki, Balendra Shah, Kulman Ghising and Harka Sampang to conduct fresh elections. The army is focused on maintaining law and order amidst the political stalemate.
Trent shares have fallen nearly 40% from record highs, with Kotak Institutional Equities warning of a further slide below Rs 5,000. The brokerage cites slowing same-store sales growth, aggressive store expansion risks, and muted revenue outlook as key reasons for its Reduce call.
