India’s October gold imports surged 60% from a year earlier to a 31-month high as a drop in prices ahead of a key festival prompted jewellers to ramp up purchases, a government source said on Monday. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, but may also widen India’s trade…
OpenAI’s board hired Emmett Shear, formerly of Twitch, as chief executive officer, defying calls from investors to reinstate the ousted Sam Altman, according to people familiar with the matter. Shear had stepped down as CEO of Amazon.com Inc’s game-streaming site Twitch earlier this year.Members of the OpenAI boardsought a CEO to succeed Altman in a…
NEW DELHI: With the conclusion of Dhanteras, Diwali and Bhai Dooj, the Indian festive season is more or less over. Inputs gathered from industry executives suggest that the festive season has closed on a sound note with sales comfortably surpassing last year’s numbers.Consumers loosened their purse strings for a range of items, including jewellery, furniture,…
Representative image. India’s overall gems and jewellery exports declined by 11.49 per cent to Rs 22,873.19 crore (USD 2,748.01 million) in October, according to the Gem and Jewellery Export Promotion Council (GJEPC) data. The gross exports stood at Rs 25,843.84 crore (USD 3,134.85 million) during October 2022, the data showed. Cut and Polished Diamonds (CPD)…
A day after he took oath as Maldives president, Mohamed Muizzu asked India in an official communication to pull out its military personnel from the Indian Ocean archipelago. The president’s office said Muizzu requested withdrawal of Indian troops in a meeting with Indian minister Kiren Rijiju, who was in Male for the inauguration of the…
A old photo of the Chinese President, Xi Jinping posing at the Golden Gate Bridge in the United States is doing the rounds on social media. The picture popped up this week when Xi and the US President, Joe Biden, met in San Francisco for a summit. In the photo, Xi looks younger and is…
BENGALURU: Senior JD(S) leader C M Ibrahim was suspended from the party on Friday by the outfit’s president H D Deve Gowda citing “anti-party activities.” This decision came after Gowda had already replaced Ibrahim as the party’s state president on October 19, appointing his son H D Kumaraswamy in his stead.Ibrahim had openly opposed the…
RK Sharma, CFO, Monte Carlo RK Sharma, CFO at branded apparel company Monte Carlo Fashions, said demand is slow but he expects it to rebound in the January-March quarter. “This year we expect flat to single-digit growth compared to over 23% last year as retail demand was slow in H1FY24 in the Indian economy. It…
GAP Gap on Thursday forecast holiday-quarter sales below estimates, but posted better-than-expected results for the third quarter thanks to easing supply expenses and cost-control efforts, sending its shares up 11% in extended trading. Major retailers like Walmart and Target have struck a cautious tone heading into the all-important shopping season, with consumers cutting back on…
Men’s innerwear brand XYXX, which closed the last fiscal with Rs 110 crore revenue, is targeting 50-70 per cent growth this fiscal. The brand foresees 50 per cent growth year-on-year for the next 10 years, Yogesh Kabra, founder, XYXX told ETRetail. To meet the expected revenue target, the brand is focusing on offline expansion along…
