Japan keen on Indian textiles sector
Inaugurating the 16thedition of the India Tex Trend Fair (ITTF) in Tokyo, the minister said that India-Japan textiles trade relations remain strong since ages.
'I have spoken to various stakeholders from the apparel and textiles sector under the Prime Minister Narendra Modi government's end-to-end policy that has been in place for the apparel and textiles sector,' he told the gathering.
'There is an ecosystem like 7 PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks with an area encompassing 1,000 to 2,000 acres of each unit, where the expected investment is of Rs1 lakh crore, creating almost 12 lakh jobs. The Japanese investors will get all facilities including benefits of the state government subsidies — like labour and electricity subsidy, etc,' the minister emphasised.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war. ADVERTISEMENT S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy. 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. ADVERTISEMENT Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. ADVERTISEMENT This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. ADVERTISEMENT However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
an hour ago
- Time of India
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war . S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Project Management Cybersecurity Artificial Intelligence Management Healthcare Data Science Product Management CXO Others MBA Technology Data Science Leadership MCA Finance healthcare Degree Operations Management others Data Analytics Digital Marketing Public Policy PGDM Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thousands Of Black Horse Customers Could Be Due Huge Compensation Resolve My Claim Undo Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy . 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in Melbourne. Trump and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written materials. Live Events The hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on Monday. Elsewhere in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of 2021. Progress in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael Hartnett. In geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued.
Mint
an hour ago
- Mint
Best stocks to buy today, as recommended by Raja Venkatraman for 28 July
A constant turbulence held its grip on the markets as there was no clarity on the indices. The stock-specific action that we were noticing has now stepped up, leading to the trading-oriented behaviour. The market scenario clearly indicates that investors are still waiting by the sidelines. Here are three stocks to buy or sell, as recommended by Raja Venkatraman of NeoTrader for Monday, 28 July. Best stocks to buy today—28 July PUNJABCHEM: Buy CMP and dips to ₹1,260 | Stop: ₹1,250 | Target: ₹1,460-1,520 AUTOAXLES: Buy CMP and dips to ₹1,860 |Stop: ₹1,845 | Target: ₹2,075-2,130 GREENPANEL: Buy CMP and dips to ₹302 | Stop: ₹298 | Target: ₹355-370 The stock market on Friday, 25 July Benchmark equity indices tumbled on Friday as growing uncertainty over the prospective India-US trade deal, with an 1 August deadline looming, dented market sentiment. By 11:30 am, the BSE Sensex was trading at 81,692.58, down 491 points, or 0.60%, having earlier slumped to an intraday low of 81,405.83—a drop of 778 points. The NSE Nifty followed suit, slipping below the 24,900 level to trade at around 24,930, off 169 points, or 0.68%, and hitting an early low of 24,806.35. Within the Sensex pack, only Bharti Airtel, Sun Pharma, and Tata Consultancy Services managed modest gains, while Bajaj Finance, Bajaj Finserv, Zomato, PowerGrid, and Infosys featured among the day's worst performers. Broader markets witnessed a steeper decline: the Nifty Midcap 100 fell 1.12% to 58,303.25, and the Nifty Smallcap index slid 1.53% to 18,400.60. With the trade-deal deadline drawing near, investors are adopting a cautious stance, awaiting clarity on tariff negotiations. Outlook for trading Despite the best intention to revive from lower levels the trends have been very fragile. Repeated attempts to head higher have been met with supplies, which is preventing a possible revival. The inability of the market trends to clearly hold on to indicate any direction has forced us to take a retreat as far as the bullish trends are concerned. The intermittent stock-specific action is not able to drive up sufficient momentum. We are noting that the trends are extremely pressured and this could lead to some sustained selling pressure in the coming week. As we now enter the expiry week the focus is shifting to the rollover activity that shall attract some buildup as anticipation for a recovery steps up. Now, we could shift our attention to upcoming corporate earnings in the coming month to help the prices rebound. Until then, there is no specific trigger. Higher timeframe charts are clearly indicating that the trends are now caught in a bearish overhang, especially the Nifty, which could push the market to close the current series below 25,000. The sharp rise seen in June came to an abrupt end since the start of the July series. Since then, the broader indices are making heavy weather about the recovery. As we wrap up this series, trends are not consistent and we are now moving in a neutral-to-negative setup. The bias, though muted, is still trying to salvage the bullish bias. The Open Interest is signalling that the PCR continues to be above 1 for Nifty, indicating that there is a strong defence of lower levels, and 25,000, which is the maximum pain point, will definitely be under contention. We have a huge short build-up of Puts at 25,000, which continues to highlight the defence against the selling pressure that persists at the moment. Some encouraging signs of global cues not giving up could help stem the pressure to go past 25,000, which has now turned into a resistance zone as we head into the current week. As no clarity exists even at this juncture, one should refrain from limiting short position at current levels or on rally towards 25,200 as the momentum is clearly divided. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman PUNJABCHEM: Buy CMP and dips to ₹1,260 | Stop: ₹1,250 | Target: ₹1,460-1,520 AUTOAXLES: Buy CMP and dips to ₹1,860 |Stop: ₹1,845 | Target: ₹2,075-2,130 GREENPANEL: Buy CMP and dips to ₹302 | Stop: ₹298 | Target: ₹355-370 Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
