Senco Gold and Diamonds Kolkata-based Senco Gold & Diamonds on Friday announced that it has become the first Indian jewellery brand to join Open Network for Digital Commerce (ONDC) Network. Through this maiden integration, Senco Gold and Diamonds extensive catalogue will be available across various shopping apps within the expanding ONDC Network, facilitating smooth and…
Beleaguered edtech giant Byju’s has sought arbitration through the National Company Law Tribunal (NCLT) to resolve its financial dispute with the Board of Control for Cricket in India (BCCI). While claiming to pursue an amicable settlement, Byju’s hopes arbitration will address both legal and factual aspects of the case with greater confidentiality and control.In 2019,…
Birkenstock beat analysts’ expectations for fourth-quarter sales and forecast annual revenue above estimates on Thursday, in the German luxury sandal maker‘s first results since going public, betting on higher pricing and strong demand. The company’s sandals and clogs retail for as much as $350 a pair, and the strong results follow signs of ebbing global…
Richemont ZURICH: Richemont has restarted its attempt to offload its online fashion and accessories retailer Yoox Net-A-Porter (YNAP), Chief Financial Officer Burkhart Grund said on Thursday after the Cartier owner posted its Q3 results. “We’re preparing the process to identify a future majority shareholder or a majority that can go up to 100% for YNAP,”…
ZURICH: Cartier owner Richemont enjoyed a surge in sales in China in its latest quarter, signalling on Thursday the resilience of the high end of the luxury market and sending shares of the Swiss watch and jewellery maker sharply higher. China’s cooling economy and ongoing property crisis have been a worry for the sector which…
Michael Burke PARIS: LVMH veteran executive Michael Burke has been appointed chairman and chief executive of LVMH Fashion Group, overseeing the luxury goods group’s fashion labels, it said on Thursday. Burke – chairman and CEO Bernard Arnault’s longest-serving lieutenant – replaces long-time Fashion Group head Sidney Toledano, who was named advisor to Arnault and will…
Representative image. Surat: Facing global slowdown, the country’s gem and jewellery trade is expecting various reliefs from the government in the next Union budget. The Gem & Jewellery Export Promotion Council (GJEPC) has proposed several recommendations to the government in this regard. According to GJEPC, the industry sustains around 4.3 million jobs and contributes 10…
Stock market today: BSE Sensex and Nifty50 resumed surged in trade on Friday after three continuous days of decline this week. While BSE Sensex surged over 650 points, Nifty5 crossed the 21,600 level. At 9:28 AM, BSE Sensex was trading at 71,837.84, up over 650 points or 0.91%. Nifty50 was up over 190 points or…
