Representative image New Delhi: The domestic jewellery retail industry is projected to grow at a yearly rate of 10-12 per cent in FY2024, said ICRA in a note revising its previous forecast of 8-10 per cent growth. The revised growth is mainly driven by the jump in gold prices. In H1 FY2024, jewellery consumption is…
Christmas 2023 bank holidays: This year, Christmas coincides with Monday, leading to the closure of banks nationwide. As per the Reserve Bank of India’s (RBI) holiday calendar, bank branches in various regions of the country will remain closed for up to five days during Christmas, which includes weekends.December 25, which is Christmas, is on a…
Nike on Thursday trimmed its annual sales forecast blaming cautious consumer spending, a weaker online business and more promotions, and said it plans to cut supplies of key product lines to manage costs, sending its shares down 11%. The company said it was seeking $2 billion in savings over the next three years through steps…
Shaitani Rasmein is all set to get launched, being Shefali Jariwala‘s debut show. The actress got candid about her character, her take on picking projects and more. In an exclusive conversation with ETimes TV, Shefali shared how the character created magic for her and she had to do it. The thriller created magic Everything ticked…
LONDON: Michael Polak, the barrister for the family of Avtar Singh Khanda, a Khalistani activist who died from blood cancer in Birmingham City Hospital, has written to UK home secretary James Cleverly requesting that a different police force be directed to investigate Khanda’s death.Khanda died aged 35 on June 15 at Birmingham City Hospital from…
Representative image LONDON: Frasers, the British sportswear and apparel retailer controlled by Mike Ashley, has bolstered its presence in the luxury space by buying loss-making online player MATCHES from Apax Partners, paying about 52 million pounds ($66 million). MATCHES offers products from more than 450 designers and generates the majority of its revenue internationally, with…
Representative image Dubai: Indian apparel manufacturers are looking to hold exhibitions in world markets like Australia, the US and the UK which have strong diaspora to expand into new geographies, an industry official said. Speaking with PTI after holding the inaugural edition of the annual exhibition in the city, Clothing Manufacturers Association of India (CMAI)…
Arvind Fashions, which sells products of brands such as Arrow, Tommy Hilfiger and Calvin Klein, aims to become a zero-debt company in the next two years on the back of higher cash flow and focus on franchise-based expansion, said vice chairman Kulin Lalbhai. The Bengaluru-headquartered company has rationalised its brand portfolio, reducing it to five…
Sales of used luxury items in India are soaring, reflecting the growing aspirations of young shoppers and consumers in tier-II and tier-III markets, and fuelling a previously untapped market. Despite signs of a slowdown in the global market for luxury goods, India’s Luxepolis, which claims to have an online user base of 3.5 million, recorded…
NEW DELHI: Canada experienced a historic surge in population during the first nine months of the year, primarily fueled by ‘international migration,’ surpassing the total growth for any previous full year, including the record set in 2022, according to official data released on Tuesday.As of October 1, Canada’s population was estimated at 4,05,28,396, marking an…
