India‘s Shoppers Stop on Wednesday posted a 83.2% fall in second quarter profit as the department store was hit by rising expenses and weaker demand, with customers delaying purchases of clothes and cosmetics due to a late festive season. The festive season in India – which started in September last year – brings in the…
Showroom B2B, a business-to-business platform for unbranded garments, on Wednesday said it has raised $6.5 million in a pre-Series A funding round led by Jungle Ventures. The round saw participation from other new investors – Accion Venture Lab, Saison Capital and ICMG Partners. Existing backers included Strive, Gemba Capital and Titan Capital, and debt partners…
Swedish fashion retailer Hennes & Mauritz (H&M) posted a 40% increase in sales in the year to March 2023, still managing to retain its position as India’s largest fast fashion brand by revenues on lower pricing. The sales expansion, however, was lower compared to 49% a year ago, indicating consumer shift to competition including Uniqlo…
Representative Image India’s diamond industry, reeling under the impact of G7 sanctions on Russia, has found a glimmer of hope in the African Diamond Producers Association‘s (ADPA) opposition to the G7 diamond protocol. The G7 countries are pushing for this protocol to prevent the entry of Russian diamonds into their countries. India cuts and polishes…
The TOI Sports Desk excels in a myriad of roles that capture the essence of live sporting events and deliver compelling content to readers worldwide. From running live blogs for India and non-India cricket matches to global spectacles featuring Indian talents, like the Chess World Cup final featuring Praggnanandhaa and the Badminton World Championships semifinal…
