Representative Image India’s jute industry is set to see revenue fall 5-6% this fiscal because of lower exports, marking the second consecutive year of decline, according to CRISIL Ratings. However, domestic demand is expected to be stable. Operating margin is seen down 200-250 basis points to 5% as exports, which are more profitable, would be…
Two European defense manufacturing giants are seeking to win a 400 billion rupee ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region. Indian officials are currently evaluating competing bids to build six of the vessels in…
Vande Bharat trains will increasingly have indigenous components, with the Modi government looking at a new PLI or Production Linked Incentive Scheme for train parts. In a bid to attract foreign manufacturing firms and lessen import reliance, the government is set to roll out a PLI scheme for train component manufacturers, an ET report said….
Danish jewellery maker Pandora on Tuesday raised its full-year revenue outlook as it reported better-than-expected second-quarter sales helped by an improved performance in the U.S. and China. “Given our solid performance so far, our updated guidance now sees another year of positive organic growth,” CEO Alexander Lacik said in a statement. Pandora said it now…
Saumen Bhaumik, CEO, Zefr Eyewear retailer Titan Eye+ is shifting its focus from growth to strengthening the existing stores for the next few quarters. At the launch of its new line Zefr, CEO Saumen Bhaumik told ET that the eyewear arm of the Bengaluru-headquartered Titan Industries, is likely to focus on growth after the fourth…
With inflation cooling off, leading shoemaker Bata is re-entering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital savvy consumers, according to company Managing Director and CEO Gunjan Shah. The company, as part of its sales strategy, is expanding its presence in both channels…
