German sports apparel company Puma plans to return up to 50% of its net income to shareholders, it said on Thursday The company will now return between 25-40% of the Group’s net income in dividends, up from 25-35%, the statement said. The first tranche of a share buyback programme will begin in March 2024 and…
Google has reportedly started removing the apps of 10 companies in India. The list includes some popular matrimony apps such as Bharat Matrimony. Matrimony.com apps Bharat Matrimony, Christian Matrimony, Muslim Matrimony and Jodii are said to have been deleted, the company founder Murugavel Janakiraman said. Bharat Matrimony founder Janakiraman described the move as a “dark…
India’s Gem and Jewellery Export Promotion Council (GJEPC) and several global bodies dealing in diamond trade have raised concerns about the G7 bloc’s demand to route rough and polished diamonds through Antwerp in Belgium for certification as non-Russian. The G7 countries – the US, UK, Canada, Germany, France, Italy and Japan – have decided to…
Demand outlook for premium consumer businesses is robust and the “growth rhythm” will persist over the next three-four years, said CK Venkataraman, managing director, Titan Co. He highlighted the divergent trends in the consumer goods sector across categories with premiumisation booming while mainstream demand remains subdued. “In the significant per-capita income shift that’s expected to…
A massive fire blazing across the Texas Panhandle and parts of Oklahoma this week spans nearly 1.1 million acres (1,700 square miles), making it the largest fire in Texas history. The inferno, dubbed the Smokehouse Creek Fire, is so big that it’s visible from space. The imagery, which shows thermal hotspots linked to the Smokehouse…
Akash Agarwal, Director of V2 Retail Limited New Delhi: V2 Retail Limited, a value retail brand in India, is planning to open 20-25 company-owned and company-operated (COCO) stores in the next 4 months as it gives an advantage of economies of scale, Akash Agarwal, Director of V2 Retail Limited told ETRetail in an exclusive interview….
NEW DELHI: With the series already in pocket, a confident Team India will aim to end the five-match series with a win when Rohit Sharma‘s men will face under-the-pump England in the fifth and final Test match at the Himachal Pradesh Cricket Association Stadium in Dharamsala on March 7.In the absence of key players like…
Representative Image Private equity firm Lighthouse, which has backed consumer brands such as Bikaji Foods, Wow Momos and Nykaa, has invested Rs 284 crore (around $34 million) in fashion and silver jewellery brand Kushal’s. The investment round also included a secondary buyout, giving a partial exit to Kushal’s first institutional investor, India SME Investments. The…
NEW DELHI: Reliance is in exploratory talks with British fashion retailer Primark to bring the label to India, a move that will pit it against Tata’s Zudio, Landmark Group-owned Max and Shoppers Stop‘s new value format InTune. The 55-year-old brand, popular for its moderately priced clothing and shoes, has been evaluating the Indian market for…
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