Handloom is a more than 2,000-year-old craft. But today the segment mostly thrives on government support in Tamil Nadu, especially the free sari-dhoti scheme as well as initiatives from state-owned Co-optex. The advent of mechanization and powerlooms had taken the focus away from handlooms towards mass production, which handlooms could not match. Globally too, the…
Nirupesh Joshi and Mercy Amalraj Nirupesh Joshi and Mercy Amalraj were high-flying technology consultants, earning handsomely, with successful stints in Boston, Seoul and Hong Kong until 2018. One fine day the couple gave it all up, got into entrepreneurship in an entirely alien area: the world of mechanical watches the couple had all along been…
Representative image New Delhi:Motisons Jewellers, a Jaipur-based retail jeweller company, on Friday said it has raised a little over Rs 36 crore from anchor investors days before its maiden public issue. The company has allotted 66 lakh equity shares to two funds at Rs 55 apiece — the upper end of the price band, according…
BSE Sensex, Nifty50 party continues! The BSE Sensex and Nifty50 continued their rally on Friday as Indian equity markets climbed all time highs. Importantly, Sensex crossed the 71,000 mark for the very first time. At 10:29 AM, BSE Sensex was trading at 71,025, up over 500 points or 0.72%. Nifty50 was up almost 160 points…
PARIS: Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image. The latest U.S. credit card data from Barclays released on Wednesday showed that…
From left: Agilitas Sports founders Abhishek Ganguly, Amit Prabhu and Atul Bajaj Agilitas Sports, the sportswear and athleisure products platform started by former Puma India head Abhishek Ganguly, has raised Rs 100 crore in new funding from venture capital fund Nexus Venture Partners. As part of the investment, Suvir Sujan, MD, Nexus Venture Partners, will…
NEW DELHI: Republican-controlled US House of Representatives voted to initiate a formal impeachment inquiry into President Joe Biden in connection to allegations surrounding Biden’s son, Hunter Biden, and his controversial international dealings. President Biden swiftly dismissed the move as a “baseless” political stunt, emphasizing the lack of evidence provided by Republicans to support claims of…
WASHINGTON: The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high for a third straight meeting and signaled it expects to make three cuts next year.The Fed’s decision to keep its key lending rate between 5.25 percent and 5.50 percent allows policymakers to determine “the extent of any additional policy firming…
With Zara-owner Inditex and H&M set to disclose their most recent sales results, investors will be focused on one major question: how are the two fast-fashion pioneers responding to the current market leader, Shein? Shein has a huge valuation and is primed for an IPO. With sales almost entirely online, the retailer generated about $23…
Motisons Jewellers has fixed a price band of Rs 52-55 for its IPO, which opens for subscription on December 18. The issue will close on December 20. At the upper end of the price band, the company plans to raise Rs 151 crore. Investors can bid for a minimum of 250 shares in one lot…
