In a surprise development, Bernard Looney has resigned as the CEO of BP, after less than four years in the oil major’s top job. The resignation came after it was revealed that he had failed to fully disclose details of past personal relationships with colleagues.“He did not provide details of all relationships and accepts he…
LONDON: Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. The study also mapped out the supply chains of six unidentified global apparel brands operating in the four…
NEW DELHI: Following a low-scoring Super Four stage match win at the R Premadasa Stadium, India clinched a spot in the Asia Cup final by defeating defending champions Sri Lanka by 41 runs.India’s innings appeared underwhelming as they were bowled out for 213 in 49.1 overs, an unusual outcome for the team as all ten…
The Indian arm of the French multinational luxury fashion house Christian Dior SE has leased nearly 3,320 sq ft retail space from Reliance Industries in its Jio World Plaza in Mumbai’s business district Bandra-Kurla Complex (BKC) for a term of 9.5 years The global brand already operates stores in key Indian cities including Mumbai, Delhi,…
As the INDIA alliance coordination committee gears-up to meet, Aam Aadmi Party’s (AAP) Rajya Sabha MP in a wide-ranging interview said that no discussion around seat-sharing has happened within the INDIA alliance so far and this conversation is likely to commence at Sharad Pawar’s (NCP supremo) residence in Delhi where the committee will hold its…
Neso Brands, an ecommerce brand roll-up subsidiary of eyewear firm Lenskart, said it has invested $4 million in Paris-based omnichannel eyewear brand Le Petit Lunetier. In a statement, Neso Brands said it has acquired a ‘significant stake’ in the French brand but did not detail the size of the stake. Sources aware of Lenskart’s plans…
CHANDIGARH: The SIT probing the Nuh violence on Tuesday arrested Mohit Yadav aka Monu Manesar from Haryana’s Nuh. ADGP law and order Mamta Singh confirmed the arrest. Notably, Monu is a notorious cow vigilante who is also wanted by Rajasthan police in a double murder case registered at Bharatpur.“To our information, he is the one…
New Delhi: The Delhi High Court has set aside Union Bank of India‘s decision declaring PP Jewellers (Export) as a ‘wilful defaulter‘, accepting the city-based jewellery exporter’s argument that the bank’s review committee made the decision without hearing the company. The High Court in its recent order granted time to the company to put forth…
NEW DELHI: India will get its first spanking new C-295 tactical military airlift plane on Wednesday, with Indian Air Force chief Air Chief Marshal VR Chaudhari now in Spain to receive the delivery, under the mega Rs 21,935 crore Tata-Airbus project for 56 such planes inked two years ago.The formal induction ceremony of the twin-turboprop…
Representative Image The government’s proposal to impose a 20% tax on expenditures made abroad under the Liberalised Remittance Scheme, in case of amounts exceeding ₹7 lakh in a financial year from October 1, is likely to push the sale of luxury brands in India, experts said. Covid had helped boost demand for luxury brands in…
