Piyush Goyal Commerce and industry minister Piyush Goyal said the treatment of lab-grown diamonds as natural diamonds will help in promoting the growth of the sector and create jobs. “These are not artificial diamonds and they are now treated as equivalent to natural diamonds. They are considered gems. It’s a big thumbs up… it will…
Representative Image India’s government is likely to announce fiscal incentives for the ailing textile and apparel industry by the end of this year, partly to stave of the impact of a fall in overseas orders, a trade body said on Wednesday. The incentives could come under the production linked incentive (PLI) scheme that promises billions…
NEW DELHI: China’s nuclear-powered submarines, nicknamed ‘Sharks’ by the PLA navy, are becoming more stealthy and capable, according to a recent report by the US Naval War College. The report claims that China is on the verge of producing “world-class” nuclear submarines that can rival the Russian Akula-I class SSN in terms of propulsion, quieting,…
Marc Jacobs Beauty, which stopped production in 2021 is set to return to stores after partnering with beauty conglomerate COTY, which had previously collaborated with the fashion house only on its range of Fragrances. These fragrances include the iconic Daisy by Marc Jacobs and Perfect by Marc Jacobs which have topped lists of best fragrances…
Tabby Bhatia, Director, Brune & Bareskin New Delhi: Brune & Bareskin, a bespoke luxury leather brand is expecting to reach Rs 25 crore in revenue by the end of this financial year 2023-24 as it plans to expand its offline presence, said Tabby Bhatia, director of the company in an exclusive interview with ETRetail. The…
NEW DELHI: The news of Zimbabwe legend Heath Streak‘s demise sent shockwaves through social media, leaving fans and experts taken aback. However, former Zimbabwean fast bowler Henry Olonga has provided confirmation that Streak is alive and in good health.Taking the news to X (formerly called as Twitter), Olonga shared a screenshot of his WhatsApp chat…
Continental Europe and the UK have emerged favourite vacation destinations for Indians amidst the trend of revenge tourism after the pandemic. For Indians planning summer or winter vacations in Europe; one of the issues that often becomes a hurdle is visa backlogs, both for the UK and the Schengen category. And if you are a…
Ashok Sonthalia, CFO, Titan Ashok Sonthalia, CFO, Titan, says starting from negative profitability, CaratLane is now firmly profitable, growing by almost 50% plus CAGR for the last five years. Now a stage has come where it felt prudent to increase our stake. At this point of time, the help of the founder and Titan expertise…
CaratLane Trading, now majority owned by the Tata Group’s Titan, has challenged a show-cause notice (SCN) from the Directorate of Enforcement (ED) alleging that it had violated rules between 2011 and 2014 by receiving foreign direct investment (FDI), said people with knowledge of the matter. This predates Titan’s investment in CaratLane. Titan said recently it’s…
Sales at Lifestyle International, the company that runs an eponymous department chain in India, grew 46% in the year to March 2023 to Rs 11,810 crore. According to financials sourced from Tofler, Lifestlye International reported a net profit of Rs 700 crore during 2022-23. This is a 160 % increase from the last financial year….
