Business
US tariffs impact on jobs: Nearly 3 lakh workers at risk in textiles and gems? Here’s what experts say – Times of India
The steep tariffs imposed on Indian exports to the US have triggered sharp debate among staffing specialists, with some flagging the risk of immediate job losses and others suggesting that India’s domestic demand and trade diversification could soften the blow.“The recent imposition of additional US tariffs is expected to have a direct and substantial impact on India’s employment landscape. This will especially impact those industries relying heavily on the US market for business continuity and growth,” Genius HRTech founder, chairman and managing director R P Yadav told PTI.
Yadav identified textiles, auto components, agriculture, and gems and jewellery as the most vulnerable sectors, warning that micro, small and medium enterprises (MSMEs) will absorb the heaviest shock. He estimated that 2,00,000 to 3,00,000 jobs are at immediate risk, with textiles alone—being labour-intensive—potentially losing as many as 1,00,000 positions if the tariff regime remains in force for over six months.He further cautioned that gems and jewellery hubs in Surat and SEEPZ, Mumbai, could also face widespread job losses due to shrinking demand and rising costs in the US market.However, not all experts foresee an employment crisis. TeamLease Services Senior Vice President Balasubramanian Anantha Narayanan argued that India’s reliance on domestic consumption makes its job market less vulnerable than China’s.“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. Our exports to the USA are USD 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,” he said, quoted PTI.He also noted that the tariffs are yet to take effect, leaving space for possible negotiations. “On the other side, we’ve also had several positives by way of the recently closed FTA with the UK and other countries. 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,” Narayanan said.According to him, the broader drag on employment stems from global consumption slowdown, tariff uncertainties, and ongoing geopolitical conflicts.CIEL HR MD and CEO Aditya Mishra said the tariff scenario is unsettling exporters in sectors deeply tied to the American market—including electronics, textiles, gems and jewellery, auto components, leather, footwear, shrimp and engineering goods.“Even industries outside the direct tariff ambit, like pharmaceuticals, are feeling the ripple effect through costlier upstream chemicals and materials,” Mishra said. He added that uncertainty could persist through the third quarter of this financial year as negotiations unfold.While Mishra does not expect widespread layoffs, he noted that companies are already adopting cost-control measures—cutting discretionary spends, streamlining production, freezing hiring, and putting pressure on temporary and contractual roles. “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,” he warned.Mishra also pointed to potential spillover risks for IT and global capability centres (GCCs). “The IT sector is already experiencing slow spending and hiring, and this additional uncertainty could delay its recovery further. GCCs are likely to take a cautious approach to hiring and investments until there is greater clarity on trade negotiations and market stability. If the tariff situation persists, India’s market share in the US could shrink, leading to longer-term repercussions for exporters and the industries that depend on them,” he said.
Business
Reliance Industries AGM 2025 Live Updates: Mukesh Ambani Set To Address 44 Lakh RIL Shareholders Shortly
Reliance AGM 2025 Live Updates: Reliance Industries Ltd. (RIL) is set to hold its 48th Annual General Meeting (AGM) today at 2:00 pm through video conferencing (VC) and other audio-visual means (OAVM). Investors will keenly watch RIL Chairman & Managing Director Mukesh Ambani’s live speech for announcements that could shape the company’s next phase of growth across its digital, retail, and energy businesses.
The event will be livestreamed across digital platforms, including YouTube, X, Facebook, Instagram, and JioEvents. The streaming will start at 2:00 pm.
(Disclaimer: Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
Vehicle breakdown specialist RAC has revealed stronger revenues and profits after it saw member numbers grow to 15 million.
The breakdown, insurance and maintenance firm reported that revenues grew by 8% to £411 million over the first half of 2025, putting it “on track” for another year of growth.
It said this included growth across each of its three main divisions.
The 128-year-old business said it is “confident” about its outlook for the rest of the year and for the longer term.
This came after membership numbers grew to 15 million from 14.1 million a year earlier.
RAC also reported that group earnings before tax, interest, depreciation and amortisation, grew by 12% to £152 million over the half-year.
The roadside assistant giant is owned by CVC Capital Partners, the Singaporean sovereign investment fund GIC and Silver Lake Partners.
Sky News reported in July that the firm’s owners were preparing to offload the business in a potential sale or stock market float, which could value the RAC at about £5 billion.
Dave Hobday, chief executive of the RAC, said: “2025 is set to be our 14th year of consecutive growth and I am delighted with our strong first-half performance and the continued progress we have made towards our vision to be the UK’s number one for driving services.
“Through our three complementary offerings: breakdown; insurance; and service, maintenance & repair; UK motorists are increasingly choosing us as their one-stop-shop at every stage of their driving journey.
“During the half-year period, we welcomed 500,000 new breakdown members and 10,000 motor insurance members, while our expanding team of mobile mechanics delivered more than double the number of repair and maintenance jobs.
“At the same time, our ongoing investment in AI, digital, and data accelerated performance across the board.”
Business
Vikran Engineering IPO Last Day: Issue Gets 6.9x Subscription So Far, Should You Apply? Check GMP
Last Updated:
Vikran Engineering GMP Today: Its grey market premium currently stands at 12.37%, indicating mild listing gains for investors.
Vikran Engineering IPO GMP.
Vikran Engineering IPO GMP: The initial public offering of Vikran Engineering Ltd, an infrastructure EPC company, is going to be closed today, Friday, August 29. The price of the Rs 772-crore IPO has been fixed in the range of Rs 92 to Rs 97 per share. Till 10:40 am on the final day of bidding on Friday, the issue received a 6.89x subscription, garnering bids for 38,38,61,976 shares as against the 5,57,11,341 shares on offer.
The retail and NII participation stood at 6.47x and 15.76x, respectively. The QIB category was subscribed by 0.97x.
The IPO’s grey market premium on Friday stood at 12.37%, indicating mild listing gains for investors.
Vikran Engineering IPO Key Dates
The IPO will remain open for public subscription between August 26, 2025, and August 29, 2025. The share allotment will likely be finalised on September 1, and the company is expected to be listed on both BSE and NSE on September 3.
Vikran Engineering IPO Price And Lot Size
The price of the IPO has been fixed in the range of Rs 92 to Rs 97 per share.
For investors, the minimum lot size for the IPO is 148. It means investors will have to apply for a minimum of 148 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 14,356 to apply for the IPO.
Vikran Engineering IPO GMP Today
According to market observers, unlisted shares of Vikran Engineering Ltd are currently trading at Rs 109 against the upper IPO price of Rs 97. It means a grey market premium or GMP of Rs 12, which is 12.37% over its issue price, indicating a mild listing gains.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Vikran Engineering IPO: Should You Apply?
Market experts are largely optimistic about the prospects of Vikran Engineering’s public issue. Giving a positive outlook, Anshul Jain, head of research at Lakshmishree Investment, said that Vikran Engineering’s strong execution track record with government and PSU clients, coupled with its experienced management team and exposure to a high-growth sector, make it well-placed for scalability.
Jain recommended a ‘Subscribe’ rating for long-term investors.
Shivani Nyati, head of wealth at Swastika Investmart, said the company is among the fastest-growing Indian EPC players, with a revenue CAGR of 32.17%. She highlighted its consistent growth in revenue and profitability, along with a strong order book of over Rs 2,442 crore as of June 30, 2025.
She said the IPO is fairly priced, and investors may look at it both for listing gains and long-term potential.
Brokerages including BP Equities, Arihant Capital Markets, Adroit Financial Services, AUM Capital, and Canara Bank Securities have also given a ‘subscribe’ call on the issue.
Vikran Engineering IPO: More Details
The IPO is a mix of fresh issue of shares of about Rs 721 crore and an offer-for-sale portion worth Rs 51 crore by the promoter.
The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for funding working capital requirements and the rest for general corporate purposes.
Vikran Engineering provides end-to-end services from conceptualisation, design, supply, installation, testing, and commissioning on a turnkey basis.
As of June 30, 2025, the company completed 45 projects across 14 states with a total executed contract value of Rs 1,920 crore. It has 44 ongoing projects across 16 states, aggregating orders worth Rs 5,120 crore.
Vikran Engineering’s revenue from operations increased 16.53 per cent to Rs 916 crore in FY25 from Rs 786 crore in the previous financial year, and profit after tax rose 4 per cent to Rs 78 crore in FY25 from Rs 75 crore in FY24.
Pantomath Capital Advisors and Systematix Corporate Services are the book-running lead managers, while Bigshare Services is the registrar of the issue.
The company’s shares will be listed on the BSE and the NSE.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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