Amar Nagaram, founder and CEO, Virgio Within a year of having raised $37 million at a $160 million valuation, Virgio, a fashion startup set up by former Myntra chief executive Amar Nagaram, is shutting its fast fashion business. With about $25 million left in the bank, the firm has been eyeing a pivot for the…
Birkenstock Holding Ltd has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a $10 billion valuation, according to people familiar with the matter. The German premium footwear company will make a final decision on pricing its IPO at the top of…
Representative image. New Delhi: Jewellery retailer Joyalukkas is aiming to increase its India revenue to Rs 17,500 crore by the end of the financial year 2024, shared a top official of the company. Talking to ETRetail, Joy Alukkas, Chairman and MD, Joyalukkas India said that the jewellery chain is eyeing a 20 per cent YoY…
NEW DELHI: As Israel braces for what prime minister Benjamin Netanyahu said would be a “long war” against Hamas, the heat of the battle has reached Washington where former US president Donald Trump and other Republican contenders have accused President Joe Biden of fanning the flames by unfreezing Iranian assets worth over $6 billion. Launching…
NEW DELHI: The Rajasthan government on Saturday issued an order for conducting a caste survey in the state.According to the order issued by the Department of Social Justice and Empowerment, the Rajasthan government will conduct the survey with its own resources for collecting information and figures related to social, economic and educational level of all…
BENGALURU: The crew module — where the astronauts will be contained in a pressurised Earth-like atmospheric condition during Gaganyaan — is under various stages of development.The space agency, which is aiming to conduct the first Test Vehicle abort mission or TV-D1 by the end of this month, will use an unpressurised CM which has completed…
Titan Company has clocked 20% year-on-year growth in revenue for the second quarter ended September. A total of 81 stores were added in this period, taking the group’s retail presence to 2,859 stores. In the jewellery segment, 19% revenue growth was led by 20% growth in the domestic business and lower primary outgo from India…
Reserve Bank of India’s stance to keep the policy rate unchanged in the midst of the festive season will give a boost to the jewellery but increasing limits for gold loans from Rs 2 lakh to Rs 4 lakh in respect of urban cooperative banks could lead to a temporary decrease in the supply of…
Levi Strauss & Co president Michelle Gass said India is now the largest market for them within Asia and sixth largest globally. The San Francisco-based jeans maker, which opened its first door in the country three decades ago, said the country is the fastest-growing major economy in the world in 2023, and it expects significant…
MUMBAI: The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms.“Certain components of personal loans are recording very high growth… These are being closely monitored by RBI for any signs of incipient stress,”…
