Titan Company on Saturday said it is launching its jewellery brand Tanishq in Bangladesh as part of expansion plans in the international market. On Friday, the Tata Group-managed firm signed a JV agreement to this effect with Rhythm Group which will make Tanishq available across the Bangladesh market, according to a joint statement. The joint…
Indian gold demand stayed subdued due to elevated prices, with buyers delaying purchases in anticipation of a potential import duty cut in the forthcoming budget. Meanwhile, demand in China also saw a decline. Prime Minister Narendra Modi’s government is expected to present India’s budget in July. “Expecting an import duty cut in the budget, some…
For a country which provides 25% of the world’s cotton, sustainability has been a long traditional approach. However, as the world and India push the eco-friendly theme towards the mainstream, green skills and talent is on the rise. Naresh Tyagi, Chief Sustainability Officer, Aditya Birla Fashion and Retail Ltd, gives a view of the existing…
(Representative Image) Nike reported higher profits due to cost-cutting efforts Thursday, but shares fell sharply on the company’s tepid outlook despite a hoped-for boost from the upcoming Olympic Games. The sports giant, which has been criticized in recent times over a lack of innovation and strategic stumbles, reported a dip in quarterly revenues as executives…
H&M plans to offer more discounted fashions in the second half of this year as it tries to win back customers from the likes of Zara owner Inditex and Shein. H&M has over the past year or so said it was prioritising profitability over sales volumes in order to reach a 10% operating margin goal,…
Gold prices edged lower on Friday but were headed for their third consecutive quarterly rise, while investors looked toward key U.S. inflation data due later in the day that could throw some light on the Federal Reserve‘s stance on interest rate cuts. FUNDAMENTALS * Spot gold was down 0.3% at $2,321.39 per ounce, as of…
H&M posted on Thursday a 52-percent jump in net profit for the second quarter as the world’s second biggest fashion retailer pressed on with efforts to control costs. Chief executive Daniel Erver said the company had achieved its “best profit and cash flow for many years” in the April-to-June period, with profit after tax reaching…
Saumen Bhaumik, CEO of Eyecare Division at Titan Company Eyewear retailer Titan Eye+ will shift focus back to network expansion from the quarter beginning July, Saumen Bhaumik, chief executive officer of Eyecare Division at Titan Company, told ET. The retailer had focused on strengthening existing stores rather than opening new ones last year. “We are…
Representative Image New Delhi: Gems and jewellery exporters on Tuesday sought a reduction in import duty on hold, silver, and platinum bars to 4 per cent in the forthcoming Budget. In a pre-budget meeting with Finance Minister Nirmala Sitharaman here, the Gems and Jewellery Export Promotion Council said the Indian gems and jewellery industry contributes…
British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley‘s Frasers Group for an undisclosed sum, it said on Monday. THG and Frasers have also agreed on a partnership across several areas including with THG Ingenuity, the online platform that serves third-party brands, and online sports nutrition brand…
