Latest news with #Ganapathi
Time of India
11-08-2025
- Business
- Time of India
Gokaldas Exports chief: 50% US tariff is like an embargo, not a tax
Gokaldas Exports , one of India's largest garment makers supplying to leading global markets, is bracing for a sharp hit from the United States' new 50% tariff on Indian goods. Managing director Siva Ganapathi told The Times of India that the duty is far beyond what the supply chain can bear and will inevitably push business away from India. Ganapathi said it was important to first look at the impact of the earlier 20% tariff. 'Ultimately, the garment price has to increase and the customer has to pay. At the moment, there is a reluctance to increase prices for consumers, and buyers had asked us to absorb a portion of the initially imposed 10% tariff, which was shared with the entire supply chain, including those selling fabrics and spinners and the others. But 20% is too high to be absorbed by the supply chain,' he said. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program He warned that the higher duty would force brands to rethink their pricing. Some may resort to 'de-specing' — a form of shrinkflation — by cutting features to keep prices steady. 'For all practical purposes, 20% (tariff) is the new zero. There would be scope to increase some prices by next year,' he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo According to Ganapathi, a 25% tariff could still be managed, albeit reluctantly, through improvisation. But the new 50% duty is 'not a tariff, it is an embargo. We will lose business,' he said. On how the company plans to respond, Ganapathi said orders would inevitably shift to other countries. 'We will try to move to some European markets, reduce capacity. That's the only way to counter it. It will require tremendous effort to find a solution to offset a 30% relative disadvantage (given 50% tariff on India). There has to be some give and take between India and the US. We hope that a rational outcome is found in the next two-three months and it comes close to 20%. If a solution is not found, the industry will be badly hit,' he said. Live Events India exports about $5 billion worth of garments to the US each year. Ganapathi said it will be difficult for American buyers to quickly replace such large capacity from another country. Asked what the government could do, he said it should fast-track the free trade agreement with the European Union , ensure that the UK deal is implemented without delay, and secure a pact with the US. In the meantime, he suggested incentives for exports to the US to partly offset costs, along with measures to support jobs in the sector. 'After all, China does this to insulate its industry. The point is how do you stay in the game till a solution (with the US) is found,' he said. Ganapathi also pointed to pending procedural changes that could help cut costs if implemented quickly.
Time of India
09-08-2025
- Business
- Time of India
Trump's tariffs leave India's non-leather shoemakers footsore; global biggies brace for Make in India pain
India's non-leather footwear industry in Tamil Nadu, buoyed by investments from global giants like Nike and Adidas, faces a significant threat from a potential 50% US tariff. This looming tariff has prompted companies such as Crocs and Nike to consider pausing new export orders from India to the US. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As India's non-leather footwear industry in Tamil Nadu welcomes substantial investments from global brands like Nike, Puma, Crocs, and Adidas, a significant concern looms over the industry -- the potential implementation of a 50% tariff by the United States. This tariff is seen as a substantial threat to the competitiveness of Indian exports, already strained by a previous 25% tariff that has pushed many brands to reconsider their manufacturing locations, The Times of India reported on August to sources cited in the story (by Asmita Dey), companies such as Crocs and Nike are contemplating a pause on new export orders to the US from India, pending further developments in trade discussions between the two apprehension is palpable -- if the tariff increases to 50%, it could effectively halt business activities for many exporters. An industry insider told ToI that the shift of orders to countries like Vietnam is a very real the apparel sector, the situation appears similarly dire. US retailers are reportedly urging exporters to move their production to alternative locations, particularly Bangladesh and Banerjee, managing director at Pearl Global , a cloth manufacturer supplying major US brands, noted that while existing orders are unaffected, the prospect of a 50% tariff would render US production half of Pearl Global's production is destined for the US, and the looming tariff could push their operations to other the uncertainty, there are indications that not all brands are reconsidering their long-term strategies in India. Many are adopting a wait-and-see approach, intending to make decisions based on the outcome of trade discussions later this Ganapathi, managing director and vice chairman at Gokaldas Exports , told the newspaper that the company has begun diversifying the markets where it sells, adding that the FTA with UK will be a major help.
Economic Times
05-08-2025
- Business
- Economic Times
Gokaldas Exports Q1 net profit rises 53% on tight cost management
Bengaluru-headquartered apparel exports major Gokaldas Exports has posted a 53% year-on-year (YoY) increase in consolidated net profit for the June quarter (Q1FY26) at ₹41 crore, over Rs 27 crore recorded in Q1FY25. ADVERTISEMENT Total income for the quarter registered a much smaller growth of 4% at ₹977 crore, over Rs 940 crore in the year-ago period. Vice-chairman and managing director of Gokaldas Exports, Sivaramakrishnan Ganapathi credited robust cost management and productivity gains for the increase in net profits. The apparel exporter's EBITDA margin expanded 336 basis points YoY to 12.1% in Q1FY26, compared with 8.8% in the same quarter last year. EBITDA rose 44% YoY to ₹119 crore in Q1FY26, from Rs 83 crore in Q1FY25, while profit before tax grew 57% to ₹57 crore during the same period. Ganapathi said, 'We reported a healthy growth in PAT and an improvement in EBITDA margins on a Y-o-Y basis, supported by productivity gains and robust cost management efforts. The company reported a moderate growth in its total income, as it was a period impacted by tariff. Total income, excluding both acquired entities, reported a 20% YoY growth.' Gokaldas Exports is one of India's largest manufacturers and exporters of apparel, exporting to more than 50 countries. After its acquisition of Atraco, and Matrix, the company has over more than 30 production and employs more than 53,000 people. (You can now subscribe to our ETMarkets WhatsApp channel)
Hans India
11-07-2025
- Hans India
Man gets life imprisonment in murder case
Parvathipuram: In a brutal murder case the Second Additional District Court of Parvathipuram Manyam district has sentenced a man to life imprisonment and imposed a fine of Rs 1,000. According to the SP Madhava Reddy, the Komarada police received compliant on 2019 May 26. As per the complaint, Pulamamma of Nayi village married Ganapathi, and they had a daughter together. However, after the birth of the child, Ganapathi began suspecting Pulamamma's fidelity and claimed he was not the father of the new born baby. He reportedly harassed her continuously and threatened to bring the matter before the local panchayat. On the night of the incident, during an altercation driven by his suspicions, Ganapathi fatally stabbed Pulamamma with a knife. She fell in blood pool and breathes her last. Later, he was arrested by then SI M Rajesh and a charge sheet was later filed with proper evidance. After a thorough trial, Second Additional District Court Judge Sri S Damodar Rao found the accused guilty and sentenced him to life imprisonment. A fine of Rs 1,000 was also imposed, and in case of default, the convict will serve an additional one month of simple imprisonment. SP SV Madhav Reddy commended the efforts of Public Prosecutor Majji Jagannadha Rao, CI G Rambabu, CI Govinda Rao, and SI K Neelakantam for their dedicated work that led to the successful conviction.
The Hindu
01-07-2025
- Entertainment
- The Hindu
Violinist Nedumangad V. Sivanandan turns 90: A look at his life and music
Young V. Sivanandan completed a three-year course in Carnatic vocal from a prestigious institution in Thiruvananthapuram in 1954, when he decided to specialise in the violin. Virudhunagar Ganapathi Pillai took Sivanandan under his wings. The mentoring gifted a new exponent to the illustrious Kumbakonam style of violin-playing, which Ganapathi had learnt from Rajamanickam Pillai. Ganapathi , a staff-artiste in the All India Radio (AIR)-Thiruvananthapuram, initially started with weekly classes for Sivanandan. The boy would often walk 18 kilometres from his home in Nedumangad. 'No big deal,' says Sivanandan, now aged 90. 'I was familiar with such drills. My father used to take me to concerts in the city and we would walk.' Sivanandan's father, Neyyattinkara Vasudevan Pillai, was a harmonium master, keen to train his eight children in music, who either sang or played the veena or the mridangam. 'I chose the violin,' Sivanandan smiles. His father was his first tutor. 'At 12, I debuted for a harikatha at the local temple. I never had a formal arangetram. ' In his mid-teens, Sivanandan enrolled for the Gayaka course at the Swathi Thirunal College — those days known as The Music Academy (for 23 years since its inception in 1939). The faculty was stellar: Semmangudi Srinivasa Iyer, C.S. Krishna Iyer, K.R. Kumaraswamy, among others. 'My chief veena teacher, K.S. Narayanaswamy, found me promising. My first love, though, was the violin.' Sivanandan later trained under Ganapathi Pillai in a gurukula system. 'Tonal clarity and restraint are the traits he passed on to me. I gained a sense of proportion as an accompanist. If the vocalist's alapana spanned 10-minutes, my solo response would take around half that time,' says Sivanandan, who has a performance experience of over seven decades. To Sivanandan, practice holds the key to excellence. 'Even for violin geniuses such as M.S. Gopalakrishnan or Lalgudi Jayaraman,' he notes. 'I insist on my pupils to allot a decent amount of time for daily sadhakam; be punctual for classes and concerts. I used to once teach from dawn-to-dusk.' Sivanandan lives in Cherthala in the coastal Alappuzha district. 'Right from the beginning, I was flooded with invitations for kutcheris. There was a dearth of violinists in this region,' says Sivanandan, who rose steadily to accompany stalwarts, including Parassala Ponnammal, B.V. Raman-Lakshmanan, Bombay Sisters, Trichur V. Ramachandran, O.S. Thiagarajan, K. Omanakutty, Sudha Raghunathan, S. Jayashri and T.M. Krishna. For a long time, he was in the retinue of Neyyattinkara Vasudevan and K.J. Yesudas. Big or small, each concert 'serves a lesson'. He would wear a miniature violin that his guru gifted him on Sivanandan's 60th birthday. 'You learn something new even from a not-so-good kutcheri. This is one lesson I got from my teacher,' says this Kerala Sangeetha Nataka Akademi awardee. Apart from music, Sivanandan loves reading. Though not a film buff, he donned the role of a violinist in the 2007 Malayalam film, Ananda Bhairavi. 'During my travels for concerts, I would always carry a book. I didn't mind even if it was children's literature.' Even today Sivanandan's hands move deftly along the strings of the violin. 'I follow a disciplined routine. I am particular about my diet. We get most of the vegetables from the garden in our backyard. We also grow several medicinal plants.' Sivanandan's daughter V. Sindhu teaches the violin at the Chembai Music College in Palakkad. 'Apart from my daughter and grandson Adarsh Dileep, I have several disciples, including Thiruvizha Sivanandan, Edappally Ajithkumar, Bindu K. Shenoy, Cherthala Sivakumar, Viju S. Anand and Manjoor Renjith. 'I am sure they will carry forward the bani,' says the veteran.
