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See valuation challenge if earnings growth stays tepid: Pramerica Life CIO

See valuation challenge if earnings growth stays tepid: Pramerica Life CIO

Market outlook: In an email interview, Abhishek Das, chief investment officer, Pramerica Life Insurance said that Nifty earnings are projected to grow 7-8 per cent for the year
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Sirali Gupta Mumbai
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Nifty earnings are projected to grow 7–8 per cent for the year, says ABHISHEK DAS, chief investment officer, Pramerica Life Insurance in an email interview with Sirali Gupta. Das believes debt could be a diversification option. Edited excerpts:
Can markets sustain their rally in H2-2025? What are the key downside risks?
Indian markets may remain volatile in H2-CY25 due to global uncertainties and tariff-related risks. While strong domestic indicators— 7.4 per cent Q4 GDP (gross domestic product) growth, easing inflation, and Reserve Bank of India's (RBI's) liquidity support—are positives, external shocks due to global trade policies as well as geopolitical turmoil
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3,00,000 jobs at risk? Experts say THESE sectors likely to get impacted due to Trump tariffs on India
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3,00,000 jobs at risk? Experts say THESE sectors likely to get impacted due to Trump tariffs on India

There are concerns among experts that increased tariffs announced by President Donald Trump on Indian imports into the United States, will have a negative impact on jobs in the affected sectors, PTI reported. According RP Yadav, founder and CMD of workforce solutions and HR services provider Genius HRTech, the hiked US tariffs are expected to significantly impact India's employment landscape in industries heavily dependent on the US market for growth and continuity. Sectors such as agriculture, auto components, gems and jewellery, and textiles are likely to be among the worst impacted, as per Yadav. He added that even within these sectors, it is the micro, small and medium enterprises (MSMEs) who will bear the brunt. Yadav estimates that between 2,00,000 to 3,00,000 jobs are at immediate risk. Further, the labour-intensive textiles industry alone could potentially lose 1,00,000 jobs, if the tariff regime continues beyond the next six months, he added. He added that in the gem and jewellery sector, including units in Surat and SEEPZ in Mumbai, 'thousands of jobs are at risk due to reduced demand and cost escalation in the US market', he added. However, not all agree. Balasubramanian Anantha Narayanan, Senior VP at TeamLease Services, feels that unlike China, India is largely a domestic consumption driven economy. Thus, any impact from the US tariffs would not impact jobs. 'At this point in time, we aren't seeing any signs of a slowdown or loss of jobs. This also by extension means that our jobs are largely in service of domestic demand too, with the exception of some sectors like ITeS among others,' Narayanan said. He added, 'Our exports to the USA are $87 billion, which is roughly about 2.2 per cent of our overall GDP. Largely pharma, electronics etc. won't be affected for now, which will further limit the export exposure to industries such as textiles, gems and jewellery among others.' Further, Narayanan noted that the full 50 per cent tariff hike comes into effect later this month on August 27, and it is possible that some negotiations could happen before that. He added that positives from the recently announced free trade agreement (FTA) with the UK and other countries, could possibly make way for the redirection of Indian goods, rather than a complete shut down of the exports. 'Even if these US tariffs do come about, we'll definitely figure out a way of redirecting or diversifying our trade to other markets. Therefore, at this point in time, we aren't seeing any signs of a slowdown or loss of jobs. It's an evolving situation and we'll get to know more in due course of time,' he feels. Aditya Mishra, MD and CEO of CIEL HR also feels that while the US tariff scenario is unsettling for Indian exporters, especially those in the auto components, electronics, engineering goods, footwear, gems and jewellery, leather, shrimp, and textiles, widespread layoffs appear unlikely at this stage. 'Companies are already in cost-containment mode, reducing discretionary spending, streamlining production, and freezing hiring. The immediate pressure will be on temporary and contract roles, particularly shop-floor workers, artisans, sales and logistics staff, and some mid-level managers in export-led units. This will have a cascading effect on thousands of MSMEs in the supply chain, which collectively account for a large share of employment,' Mishra felt.

Fewer South Koreans & Israelis, more South Africans now see India favourably—latest Pew survey
Fewer South Koreans & Israelis, more South Africans now see India favourably—latest Pew survey

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time34 minutes ago

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Fewer South Koreans & Israelis, more South Africans now see India favourably—latest Pew survey

The Pew survey was carried out this year from January to April across 24 countries, just before the Pahalgam terror attack and the announcement of tariffs on Indian imports by US President Donald Trump. Its findings were made public on 13 August. Significantly, in South Korea, favourability fell by 16 percentage points from 2024, while in the US opinion was almost evenly divided. New Delhi: Up to 60 percent or more respondents in Kenya, the UK and Israel hold a highly favourable opinion of India, while most respondents in Turkey and Australia held an unfavourable view, according to a new Pew Research Center survey. In roughly half of the surveyed countries, more respondents held a positive view of India than a negative one, the survey report notes. Also, in half of the countries surveyed, men were more likely than women to have a favourable view of India, with differences by gender in double digits in Japan, the Netherlands, Germany, Argentina and France. The report also indicated a gradual change in perception of India in several countries, with 46 percent respondents in South Africa expressing a favourable opinion, marking the highest level since 2008 when the question was first asked, and up 17 percentage points since 2023. The shift can be attributed to Prime Minister Narendra Modi proposing in August 2023 that African nations, including South Africa, be granted permanent membership in the G20. In 2024, both countries also collaborated to establish the India-South Africa Chamber of Commerce. In a few European nations, views of India have gone up favourably, including by double digits in France and Germany, according to the survey. The two nations showed improvements of 11 and 10 percentage points, respectively, since 2023, compared to Italy, which showed a modest rise of 2 percentage points in favourability towards the subcontinent. In the Asia-Pacific region, respondents' views on India have remained relatively stable, with Australia maintaining the same percentage in 2024 and 2025, while Indonesia saw a slight increase in favourable views from 51 percent in 2024 to 57 percent in 2025. Conversely, perceptions in South Korea have declined to 42 percent this year from 58 percent in 2024. The Pew Research Centre conducted this survey following the inauguration of the Indian embassy in North Korea in December 2024. The Japanese hold India in high esteem, with favourable views rising to 58 percent this year from 55 percent last year. Also, while the majority of Israelis continue to maintain a positive perception of India, there has been a decline in favourability by 11 percentage points since 2023. The survey highlighted uncertainty among women from France, Poland, Hungary, Australia, and South Africa regarding their opinions of India. Views also varied by age in six countries, the survey noted. Young individuals from nations such as Brazil, the Netherlands, Japan, and the UK tend to have more favourable views than their older counterparts. For example, adults younger than 35 in the UK were 20 points more likely than adults 50 and above to have a good opinion of India. The survey also indicated that opinion of India varied along ideological lines in five countries. In Australia, Nigeria and South Africa, those on the ideological Right view India more favourably than those on the ideological Left. In the US and Mexico, the reverse is true, according to the survey. Neetu Sharma is an alum of ThePrint School of Journalism, currently interning with ThePrint. (Edited by Nida Fatima Siddiqui) Also Read: 'Nones' were 3rd largest group globally after Christians, Muslims in 2010-2020, finds Pew survey

Paint sector slowdown: Early monsoon and price wars hit June quarter earnings, companies eye festive revival
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Paint sector slowdown: Early monsoon and price wars hit June quarter earnings, companies eye festive revival

The June quarter turned out to be a muted one for India's leading paint makers, as the early arrival of the monsoon and aggressive pricing by new entrants ate into their growth. Asian Paints, Berger Paints, Kansai Nerolac Paints and Akzo Nobel India all reported subdued numbers, though sequential improvement was visible in urban markets and realisations improved due to price hikes. Early monsoon dampens demand Asian Paints Managing Director and CEO Amit Syngle said the business saw a sharp impact from the unexpected onset of rains. 'In April and May, the demand was better, but it was strongly impacted by the early monsoon. However, I think the silver lining was that we saw some shoots of demand coming up in urban areas, which were down, and we hope that it continues as we go ahead,' Syngle said, quoted PTI. The company reported a 1.19 per cent dip in standalone sales revenue to Rs 7,848.83 crore. Its volume growth stood at 3.9 per cent year-on-year, but value fell 1.2 per cent. Berger Paints CEO Abhijit Roy too pointed to the 'heavier than expected monsoon towards the end of May and June,' which he said moderated growth. The company posted an 11 per cent fall in consolidated net profit at Rs 315 crore, while revenue from operations rose 3.55 per cent to Rs 3,200.76 crore. Competition squeezes margins Alongside the weather, intensifying market rivalry weighed heavily. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo 'The overall competition in the market is intense, with a lot of new competition coming in,' said Syngle, pointing to aggressive new players challenging incumbents in the decorative paints segment. Kansai Nerolac's Managing Director Pravin Chaudhari also highlighted the pressure. 'Overall, monsoon in many places has caused some disturbances that have led to temporary stoppages, especially in projects as well as some part of retail,' he said. The company reported a 4.12 per cent drop in consolidated net profit to Rs 215.6 crore, while revenue rose 1.35 per cent to Rs 2,162.03 crore. Akzo Nobel India, which reported a 20.6 per cent decline in net profit to Rs 91 crore, described the quarter as 'stressed' due to muted consumer sentiment and competitive intensity. CMD Rajiv Rajgopal said revenue growth across top players remained 'pretty flattish.' Paint makers are betting on the festive season to drive a turnaround. With Diwali coming earlier than last year, companies expect demand in August and September to improve. 'Construction activity based on whatever we saw in the month of June, we believe that Q2 should be better as far as decorative is concerned,' Chaudhari added. The Rs 75,000-crore Indian paint industry remains dominated by Asian Paints, with Berger, Kansai Nerolac, Akzo Nobel, Indigo Paints, Shalimar Paints and Nippon Paints also vying for market share. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .

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