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February 14, 2025
- https://m.economictimes.com/industry/transportation/shipping-/-transport/tonnage-tax-law-to-ship-in-big-gains-for-domestic-firms/amp_articleshow/118188928.cms
- This is a big big catalyst for KMEW. All of his ships are Inland waterways registered. Stock at <13x fy26 with this
- US President Donald Trump Thursday announced reciprocal tariffs on India ahead of the key meeting with Prime Minister Narendra Modi.
- Speaking to reporters at the Oval Office after signing the memo, Trump said that reciprocal tariffs would be charged on every country that charges duties on US imports.
- Earlier, a White House official described India as the "maharaja of tariffs" - hinting at the supposedly "unfair" tariff regime in the country.
- "I have decided for purposes of fairness that I will charge a reciprocal tariff," President Trump said. "We will charge them no more, no less. In other words, they charge us a tax or tariff, and we charge them the exact same tax or tariff. Very simple."
- By matching the tax rates that other countries charge on US import, President Trump is moving ahead with the plan of economic confrontation with both friends and allies, in a continuation of the earlier executive orders that sought to impose tariffs on products from Mexico, Canada and China. While he has reached an agreement with Mexico and Canada, the standoff continues with China.
- Trump's reciprocal tariffs on India comes even as Prime Minister Narendra Modi is in Washington DC for a bilateral meeting with Trump. India's simple average tariff rate is approximately 17%, while the United States maintains a lower average of about 3.3%. However, there are significant variations in tariffs across different product categories.
- Trump’s Republican administration argues that its new tariffs will create a fairer competition between US manufacturers and foreign rivals. However, under current law, these taxes would likely be borne by American consumers and businesses, either directly or through higher prices. The tariff policy carries political risks for Trump, as it could fuel inflation and slow economic growth.
- If these effects materialize, they may undermine his economic agenda, making the strategy a significant gamble for a president keen on asserting control over the US economy.
- #DonaldTrump #Trump #USA #PMModiInUS #PMModiInUSA #Tariff
- Fund Houses Recommendations
- Citi on Bharti Airtel: Maintain Buy on Company, target price at Rs 1920/Sh (Positive)
- HSBC on BPCL: Maintain Buy on Company, target price at Rs 440/Sh (Positive)
- HSBC on HPCL: Maintain Buy on Company, target price at Rs 450/Sh (Positive)
- HSBC on IOCL: Maintain Buy on Company, target price at Rs 170/Sh (Positive)
- MS on Reliance Ind: Maintain Overweight on Company, target price at Rs 1520/Sh (Positive)
- Citi on Vedanta: Maintain Buy on Company, target price at Rs 500/Sh (Positive)
- CLSA on Hindalco: Maintain Outperform on Company, target price at Rs 800/Sh (Positive)
- HSBC on Maruti: Maintain Buy on Company, target price at Rs 14000/Sh (Positive)
- Morgan Stanley on Reciprocal Tariffs listing: Direct impact of reciprocal tariff hikes will likely be manageable indirect impact through uncertainty weighing on business confidence is more worrisome (Neutral)
- Citi on Indusind Bank: Maintain Buy on Bank, target price at Rs 1378/Sh (Neutral)
- Jefferies on Manappuram: Maintain Hold on Company, target price at Rs 205/Sh (Neutral)
- MS on Hindalco: Maintain Overweight on Company, target price at Rs 670/Sh (Neutral)
- MANGALAM DRUGS Q3 ; CONS NET PROFIT UP 161 % AT 1.28 CR (YOY), DOWN 52 % (QOQ)
- REVENUE DOWN 9 % AT 88.7 CR (YOY) ,UP 11 % (QOQ)
- EBITDA UP 26 % AT 8.76 CR (YOY),UP 1 %(QOQ)
- MARGINS AT 9.87 % V 7.15 % (YOY),10.88 % (QOQ)
- MSP STEEL Q3 :CONS NET PROFIT UP 72 % AT 8.21 CR (YOY), 9.52 CR LOSS (QOQ)
- REVENUE DOWN 8 % AT 716 CR (YOY) ,UP 9 % (QOQ)
- EBITDA DOWN 49 % AT 19.22 CR (YOY),DOWN 28 %(QOQ)
- MARGINS AT 2.68 % V 4.78% (YOY), 4.06 % (QOQ)
- MSP STEELQ3 : INCLUDING TAX ADJUSTMENTS
- LOSS BEFORE EXCEPTIONAL ITEM AT 9.72 CR V 6.76 CR LOSS YOY, 8.47 CR LOSS QOQ
- SARASWATI SAREE Q3: NET PROFIT DOWN 41 % AT 7.8 CR (YOY), DOWN 18 % (QOQ)
- REVENUE DOWN 20 % AT 182 CR (YOY) ,UP 11 % (QOQ)
- EBITDA DOWN 27 % AT 12.76 CR (YOY),UP 4 %(QOQ)
- MARGINS AT 7 % V 7.7 % (YOY), 7.44 % (QOQ)
- UNI ABEX ALLOY Q3 :NET PROFIT DOWN 49 % AT 5.28 CR (YOY), DOWN 37 % (QOQ)
- REVENUE DOWN 7 % AT 42 CR (YOY) ,DOWN 10 % (QOQ)
- EBITDA DOWN 43 % AT 8.16 CR (YOY),DOWN 20 %(QOQ)
- MARGINS AT 19.4 % V 31.6% (YOY), 21.97 % (QOQ)
- RUBY MILLS Q3 :CONS NET PROFIT UP 33 % AT 14.7 CR (YOY), UP 427 % (QOQ)
- REVENUE UP 13 % AT 64 CR (YOY) ,UP 25 % (QOQ)
- EBITDA DOWN 11% AT 13.88 CR (YOY),UP 182 %(QOQ)
- MARGINS AT 21.65 % V 27.4 % (YOY), 9.6 % (QOQ)
- PANORMA STUDIOS Q3:CONS NET PROFIT DOWN 37 % AT 2.13 CR (YOY), DOWN 64 % (QOQ)
- REVENUE UP 2 % AT 33.88 CR (YOY) ,DOWN 59 % (QOQ)
- EBITDA DOWN 17 % AT 3.97 CR (YOY),DOWN 48 %(QOQ)
- MARGINS AT 11.7 % V 14.4 % (YOY), 9.36 % (QOQ)
- TCPL PACKAGING Q3 :CONS NET PROFIT UP 103 % AT 37.73 CR (YOY),UP 6 % (QOQ)
- REVENUE UP 32 % AT 479.CR (YOY) ,UP 4 % (QOQ)
- EBITDA UP 29 % AT 70.58 CR (YOY),DOWN 8 %(QOQ)
- MARGINS AT 14.7 % V 15 % (YOY), 16.6 % (QOQ)
- GRM OVERSEAS Q3 :CONS NET PROFIT DOWN 13 % AT 13.54 CR (YOY), UP 47 % (QOQ)
- REVENUE DOWN 3 % AT 371 CR (YOY) ,UP 18 % (QOQ)
- EBITDA DOWN 33% AT 12.34 CR (YOY),UP 11%(QOQ)
- MARGINS AT 3.3 % V 4.78 % (YOY), 3.53 % (QOQ)
- LLOYDS ENTERPRISES Q3 :CONS NET PROFIT DOWN 68 % AT 19.43 CR (YOY), DOWN 12 % (QOQ)
- REVENUE DOWN 10 % AT 290 CR (YOY) ,DOWN 25 % (QOQ)
- EBITDA UP 2 % AT 68.1 CR (YOY),UP 22 %(QOQ)
- MARGINS AT 23.45 % V 20.7 % (YOY), 14.45 % (QOQ)
- ALPHA LAB Q3 :CONS NET PROFIT UP 98 % AT 8.9 CR (YOY),UP 16 % (QOQ)
- REVENUE DOWN 4 % AT 26.15 CR (YOY) ,UP 5 % (QOQ)
- EBITDA DOWN 69 % AT 0.75 CR (YOY),DOWN 77 %(QOQ)
- MARGINS AT 2.86 % V 8.86 % (YOY), 13.2 % (QOQ)
- KELTON TECH Q3 : CONS. NET PROFIT UP 6 % AT 20.92 CR (QOQ) , UP 157 % (YOY)
- REVENUE UP 3 % AT 278 CR (QOQ) , UP 14 % (YOY)
- EBITDA UP 4 % AT 33.9 CR (QOQ) , UP 84 % (YOY)
- MARGINS AT 12.16 % V 12 % (QOQ) , 7.5 % (YOY)
- Russia's Moscow Exchange suspends stock market trading.
- KELLTON TECH; Acquisition of a majority stake in Xitij Corporation “Xitij Corporation
- Xitij Corporation, a Seattle-based tech provider and Microsoft partner, specializes in AI, cloud computing, and data analytics. Its acquisition supports Kellton's goal of expanding within the Microsoft ecosystem, driving growth and long-term success.
- RENAISSANCE GLOBAL Q3 :CONS NET PROFIT DOWN 13% AT 24.32 CR (YOY), UP 118 % (QOQ)
- REVENUE UP 8 % AT 710 CR (YOY) ,UP 73 % (QOQ)
- EBITDA DOWN 1% AT 50.95 CR (YOY),UP 51 %(QOQ)
- MARGINS AT 7.17 % V 7.86 % (YOY), 8.18 % (QOQ)
- POCL ENT Q3 :CONS NET PROFIT UP 21 % AT 5.61 CR (YOY), DOWN 42 % (QOQ)
- REVENUE UP 33 % AT 341 CR (YOY) ,DOWN 9 % (QOQ)
- EBITDA UP 31 % AT 12.94 CR (YOY),DOWN 30 %(QOQ)
- MARGINS AT 3.8 % V 3.86% (YOY), 4.97 % (QOQ)
- Deliveries of the Rafale-M for the Indian Navy would begin in four years once the contract is signed, which is set to be done in the next couple of months when the French Defence Minister visits India - THE Hindu Report
- CORAL LAB Q3 :CONS NET PROFIT UP 186 % AT 6.14 CR (YOY), DOWN 4 % (QOQ)
- REVENUE UP 27 % AT 22.97 CR (YOY) ,DOWN 29 % (QOQ)
- EBITDA UP 200 % AT 6.3 CR (YOY),DOWN 3 %(QOQ)
- MARGINS AT 27.4 % V 11.6 % (YOY), 20.1 % (QOQ)
- PM Modi Says had a productive meeting with Elon Musk in Washington DC, discussing space, mobility, technology, and innovation. Modi highlighted India's efforts toward reform and "Minimum Government, Maximum Governance."
- Trump memo on reciprocal tariffs to reference Brazil's ethanol tariffs – Fox News.
- Trump's claim that he has brought in "hundreds and hundreds of billions of dollars" from China through tariffs has been repeatedly rebutted by economists who note that the tariffs are actually paid by U.S.-based importers, not China or its businesses. - NIKKEI ASIA
- LAXMI DENTAL Q3 :CONS NET PROFIT UP 109 % AT 4.8 CR (YOY), DOWN 17 % (QOQ)
- REVENUE UP 29 % AT 61.59 CR (YOY) ,UP 8 % (QOQ)
- EBITDA UP 147 % AT 9.57 CR (YOY),UP 10 %(QOQ)
- MARGINS AT 15.5 % V 8.1 % (YOY), 15.25 % (QOQ)
- Trump to Sign Order on Reciprocal Tariffs Soon
- Gov’t Loses Billions Yearly to Fraud
- Trump: Equal Tariffs for All
- Trump: Adjustments Planned for Non-Monetary Tariffs
- Trump: Lutnick to Calculate Limits, Lead Reciprocal Plan
- Trump: Countries May Cut Tariffs; None for U.S.-Made Goods
- Trump: EU Cut Tariff to 2.5%—A Major Win.