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August proved volatile for PMS funds, with several small and midcap strategies logging steep lossesValcreates Lifesciences fund plunged 10.19%. Yet, a few portfolios like Wallforts Avenue Fund and Valcreates Digital Disruption strategy posted modest gains, highlighting sharp performance divergence.
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Indias home textile sector faces a 510% revenue drop this fiscal after the US imposed 50% tariffs. While frontloaded orders, limited rival capacity, and new markets offer some cushion, profitability may shrink. Crisil warns of weaker credit metrics, though optimism over IndiaUS trade talks briefly lifted textile stocks.
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Staff in Solihull, Halewood and Wolverhampton have been told not to come into work until Monday.
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News and Media
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