Textiles, leather, pharma, auto related stocks in focus
New Delhi, Jul 24 (PTI) Shares of companies related to sectors such as textiles, leather, pharmaceuticals, auto among others are in focus on Thursday's trade ahead of a trade pact between India and the UK.
India and the UK will sign a free trade agreement on Thursday in London that will allow export of labour-intensive products such as leather, footwear and clothing at concessional rates, while making imports of whisky and cars from Britain cheaper.
Defying a weak trend in the broader equity market, leather related stocks such as AKI India Ltd, Zenith Exports, Mirza International and Mayur Uniquoters were trading in the range of 5-1 per cent on the BSE.
Textile related stocks such as Arvind Ltd, Vardhman Textiles, Welspun Living, Pearl Global Industries, Trident Ltd and Alok Industries were also trading higher during the morning trade.
Shares of Dr Reddys Laboratories, Lupin, Sun Pharma, Aurobindo Pharma and Alkem Laboratories were quoting in the green.
Tata Motors climbed more than 2 per cent and auto components and equipments maker Sona BLW Precision Forgings climbed nearly 1 per cent.
The 30-share BSE Sensex quoted 216.10 points lower at 82,510.54 during the morning trade. The 50-share NSE Nifty traded 46.55 points down at 25,172.15.
The two countries announced the conclusion of the negotiations for the trade agreement on May 6.
Shares of United Spirits and United Breweries were also quoting higher.
The proposed trade pact between India and the UK is likely to benefit sectors such as textiles, leather, gems and jewellery, pharmaceuticals, marine and engineering goods, exporters' body FIEO said on Wednesday. PTI SUM SUM DR DR
view comments
First Published:
July 24, 2025, 11:00 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Brian O'Kelley donated a $1.6 billion fortune for social good: 6 life lessons students can learn from him
The conventional image of a tech billionaire often involves yachts, private jets, and extravagant lifestyles. Brian O'Kelley, co-founder of AppNexus, challenges this notion entirely. After selling his company to AT&T in 2018 for $1.6 billion, he chose to keep less than $100 million for himself and donated the rest to charitable causes he and his family care about. His journey demonstrates that true success is not measured by wealth alone but by the meaningful impact one creates in society. For students, O'Kelley's story offers lessons that extend far beyond entrepreneurship, teaching leadership, purpose-driven thinking, and resilience. By tracing O'Kelley's trajectory, from his formative years at Princeton to the rise of AppNexus and his later ventures like Waybridge and Scope3, it becomes clear that ambition, values, and vision can coexist to build both personal success and societal good. Here's what students can learn from his journey: Success is measured by impact, not wealth O'Kelley's decision to donate the majority of his earnings highlights that financial gain is only one aspect of achievement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Students can learn that ambition should be guided by the desire to create meaningful change, and that true success lies in leaving a positive mark on society. Build a strong academic and technical foundation At Princeton University, O'Kelley earned a BSE in Computer Science, developing both technical expertise and critical thinking skills. Students can understand that strong academic training provides the tools to tackle complex challenges and lays the groundwork for long-term professional growth. Develop holistic skills through extracurricular activities Balancing studies with junior varsity basketball taught O'Kelley discipline, teamwork, and resilience. Students can learn that engagement outside the classroom nurtures character, enhances leadership skills, and prepares them for real-world challenges. Lead through values, not authority At AppNexus, O'Kelley emphasized a culture of inclusion, empowerment, and continuous learning. Students can learn that effective leadership is not about hierarchy, but about inspiring and enabling others to thrive while fostering innovation and collaboration. Align career goals with purpose O'Kelley's ventures after AppNexus, including Waybridge and Scope3, focus on sustainability and ethical business practices. Students can see the importance of merging professional skills with meaningful causes, demonstrating that purposeful work drives both innovation and societal impact. Cultivate vision and resilience Transforming AppNexus from a small apartment startup into a global ad-tech leader required foresight, strategic thinking, and resilience. Students can learn that ambitious goals paired with perseverance and calculated risk-taking are essential for turning ideas into transformative ventures. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
News18
5 hours ago
- News18
State Finance Minister Panels To Discuss GST Rationalisation At Meeting On August 20-21
Last Updated: PM Narendra Modi said the revised GST framework proposed by the Centre has been circulated among states. He sought their cooperation to implement the proposal before Diwali The three panels of state finance ministers will meet on August 20 and 21 to review the draft of the next-generation GST reforms, including proposals to rationalise the tax structure. The panels, called the Groups of Ministers (GoM), have been set up by the Goods and Services Tax (GST) Council to look into rate rationalisation, insurance, and compensation cess. Prime Minister Narendra Modi on Sunday said the revised GST framework proposed by the Centre has been circulated among states. He sought their cooperation to implement the proposal before Diwali. According to a report by Money Control, the recommendations of the three GoMs will be taken to the GST Council, which is expected to meet next month to deliberate on the tax reform proposal. WHAT DOES THE REVISED GST FRAMEWORK PROPOSE? Modi had announced the proposal to reform the GST law during his Independence Day speech on August 15 from the ramparts of the Red Fort. The present GST tax rates of nil/zero on essential food items, 5 percent on daily use products, 12 percent on standard goods, 18 percent on electronics and services and 28 percent on luxury and sin goods will be replaced by two tax slabs of 5 percent and 18 percent plus a special 40 percent top bracket for five to seven demerit goods. The move comes amid the Trump administration's 50 percent tariff imposition on all goods India exports to the United States, so as to punish New Delhi for buying Russian oil. The tariffs are likely to impact $40 billion of non-exempt Indian exports such as gems and jewellery, textiles and footwear. (With PTI inputs) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Print
5 hours ago
- The Print
Kerala agriculture growth doubles national average, says CM Vijayan
'In the last financial year, while the agricultural sector at the national level recorded a growth of 2.1 per cent, Kerala achieved a growth of 4.65 per cent. The Agriculture Department implemented several measures aimed at increasing farmers' income by 50 per cent. He was speaking while inaugurating an online state-level celebration of Farmers' Day and the distribution of state farmer awards. Thrissur (Kerala), Aug 17 (PTI) Chief Minister Pinarayi Vijayan said on Sunday that Kerala's agricultural sector is on the path of growth and that the state has achieved more than double the national average growth. 'A short-term agricultural programme named Mission 2026 and a long-term plan called Mission 2033 have been highly supportive in this effort,' the chief minister said on the occasion of the Malayalam New Year, Chingam 1. The state has also been able to implement a comprehensive crop insurance scheme, Vijayan said. He noted that during this government's tenure, paddy productivity had increased to 3,108 kg per hectare, while coconut cultivation achieved 54 per cent growth through the Keragramam project. The procurement of coconuts rose from 6.28 lakh tonne to 17.20 lakh tonne, the CM added. Vijayan said climate change, market uncertainties and wild animal attacks were adversely affecting the agricultural sector. 'To counter climate change and bring changes in value-added production, the state is implementing the KERA Project with World Bank support at a cost of Rs 2,365 crore. The project will directly benefit four lakh farmers and indirectly benefit another 10 lakh farmers,' he said. The chief minister added that this was the first major World Bank-supported project for the agricultural sector in 40 years. Vijayan said the agricultural calendar should be adjusted in line with climate change, and the sector should move forward through constructive discussions and innovative farming practices. The government, he said, was looking into combining modern technologies as well. 'More than 150 agritech start-ups have been launched. The government is also making efforts to carry out effective interventions in the value-added products sector. Moving ahead with the goal of branding agricultural value-added products under the motto 'One Krishi Bhavan, One Value-Added Product', over 200 value-added products have been prepared for marketing,' he said. The chief minister said curbing the menace of wild animals was indeed essential. 'However, this cannot be fully achieved through the intervention of the state government alone. Timely amendments to central laws are required, and for this the state government is putting pressure on the Centre,' he said. In addition, special projects that can be implemented at the state level have also been designed. The CM said the government's aim was to combine traditional farming practices with modern agriculture techinques and put them into practice. State Agriculture Minister P Prasad presided over the function. PTI TGB TGB KH This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
