Indian textiles maker Raymond reported on Friday a multifold jump in first-quarter profit, helped by an exceptional gain from the sale of its consumer business. Raymond’s consolidated profit was 10.65 billion rupees ($128.7 million) for the three months ended June 30, compared with 809 million rupees a year earlier. In April, Raymond agreed to sell…
Bata India Limited will focus more on women’s fashion footwear and bring down the average age of buyers through redevelopment of stores and engagement with influencers, said its managing director Gunjan Shah. “Women’s fashion, especially oriented towards occasions, whether it’s wedding or otherwise has been an area that we could have done much more in…
Sports brand Puma India has on-boarded budding actor Shanaya Kapoor as its new brand ambassador to deepen its connect with Gen Z consumers in the country. Shanaya will front PUMA’s athleisure and performance wear, taking the sports brand a step closer to its next generation of shoppers and boosting its commitment towards connecting with youth…
Representative Image Brand Concepts Ltd, a fashion retail house for travel gear, handbags, and lifestyle accessories said it has partnered United Colors of Benetton, to launch an exclusive collection of travel accessories and small leather items in the Indian market. The collaboration is part of a licensing agreement in which Brand Concepts will lead overall…
Bengaluru – Footwear maker Bata India reported its first drop in profit in eight quarters on Wednesday, as soft demand dragged its revenue growth to a nine-quarter low. The company’s consolidated profit fell 10.5% to 1.07 billion Indian rupees ($12.92 million) in the April-June quarter, while revenue from operations increased just 1.6% to 9.58 billion…
NEW DELHI: As it struggles to claw back the wealth it lost because of the allegations levelled by global short seller, Hindenberg, the Adani Group found itself caught in the intense political crossfire over the no-trust vote, with BJP and Congress accusing each other of favouring the conglomerate. After Congress leader Rahul Gandhi renewed his…
Mumbai: Kalyan Jewellers India on Wednesday reported 33 per cent growth in consolidated profit after tax (PAT) at Rs 144 crore for June quarter 2023-24. PAT stood at Rs 108 crore in the year-ago period, Kalyan Jewellers said in a regulatory filing. Revenue was up 31 per cent during the quarter under review at Rs…
NEW DELHI: Pakistan batting icon Babar Azam has solidified his reputation as one of the finest cricketers globally, showcasing his exceptional skills across various formats. Babar on Monday delivered a dazzling performance by hammering an impressive 104 runs from just 59 balls while representing his team Colombo Strikers and gudied them to a 7-wicket victory…
NEW DELHI: Having led India to Test and ODI series victory against the West Indies, skipper Rohit Sharma is relishing his off time in USA with wife Ritika Sajdeh as he is not the part of the T20I series. Responding to a fan’s query during an event in the USA, the crowds burst into laughter…
Ripples from the recession in Europe and the US continue to rock Gujarat’s textile and chemical sectors. The clouds of job losses are looming over these labour-intensive industries. A bad debt cycle triggered by low demand, shrinking working capital, high input costs and stretched payment cycles has forced companies to cut costs. The textile industry…
