New Delhi: The Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) is expected to triple the export of Indian gems and jewellery to Switzerland, Iceland, Norway and Liechtenstein to USD 1 billion in the coming years, said Vipul Shah, Chairman, GJEPC in a press note on Thursday. Currently, India…
NEW DELHI: The Petrol and Diesel prices have been reduced by Rs 2 per litre across the country. The revised price will be applicable from 6 am on Friday, March 15, the oil ministry said. Petrol in the national capital will now cost Rs 94.72 a litre compared to Rs 96.72 per litre currently, and…
Apparel maker Under Armour said on Wednesday that founder Kevin Plank will return to the company as CEO, effective April 1. The company’s shares rose 6% to $8.26 after the bell. Plank founded Under Armour in 1996 and served as the company’s top boss till 2019. In January 2020, Plank was appointed as the company’s…
Clothing retailer Primark is set to expand its click & collect trial into more stores and possibly to markets beyond Britain, its boss said on Wednesday. Primark, unlike most of its rivals, does not offer home delivery but is trialling a click & collect service in 57 stores for kidswear and womenswear. CEO Paul Marchant…
Representative image The Ahmedabad bench of the National Company Law Tribunal has admitted an insolvency resolution application against Jatin Rajnikant Mehta, the personal guarantor of bankrupt Winsome Diamonds and Jewellery, for a default of over Rs 457 crore. Mehta is suspected to be in St. Kitts and Nevis, a Caribbean island country. Winsome Diamonds, which…
The recent Ambani pre-wedding celebrations in Jamnagar have made headlines in more ways than one. The array of premium handcrafted jewellery worn by the guests has stoked enormous interest, especially on social media, prompting top jewellers to focus on such ornaments studded with emeralds, sapphires, rubies and diamonds. “We have just launched a new line…
German online fashion retailer Zalando on Wednesday forecast a return to growth this year and said it was opening up its logistics business to more players, raising hopes of a boost to its performance and helping to lift its shares. The stock jumped as much as 18.5% after the company also said late Tuesday it…
Kohl’s on Tuesday forecast annual sales and profit largely below market expectations, joining Macy‘s and Nordstrom to warn of a challenging year for U.S. department stores. Shares of Kohl’s, which gained about 14% in 2023, fell 2% in early trading as it posted a steeper-than-expected drop in same-store sales in the fourth quarter. The retailer’s…
Maruthy Ramgandhi New Delhi: D2C men’s fashion wear brand Snitch has appointed Maruthy Ramgandhi as the chief technology officer (CTO), it announced in a press release on Wednesday. Ramgandhi comes with 18 years of experience in launching customer experience and data-driven delivery products in e-commerce space. He has previously worked with companies like Stumbl, Amazon,…
Representative image New Delhi: High streets emerged as the top choice for luxury brands in India’s top eight cities in 2023, according to a report by CBRE South Asia released on Wednesday. The eight cities tracked for leasing include Delhi-NCR, Mumbai, Bangalore, Kolkata, Pune, Ahmedabad, Chennai and Hyderabad. High Streets constituted about 45 per cent…
