In an email communication, online social shopping platform Poshmark informed customers that it will be closing its India business on October 26. The US-based e-commerce firm, which specialises in the sale of second-hand products, had launched its India operations in September 2021, as part of a wider international expansion into markets such as Australia. The…
NEW DELHI: In the stands of the MCA Stadium in Pune, at homes, in offices, on the street – Indian cricket fans erupted in joy when Virat Kohli completed his century and signalled India’s seven-wicket win over Bangladesh in the ICC World Cup on Thursday.With a win becoming just a formality towards the end of…
India‘s Shoppers Stop on Wednesday posted a 83.2% fall in second quarter profit as the department store was hit by rising expenses and weaker demand, with customers delaying purchases of clothes and cosmetics due to a late festive season. The festive season in India – which started in September last year – brings in the…
Showroom B2B, a business-to-business platform for unbranded garments, on Wednesday said it has raised $6.5 million in a pre-Series A funding round led by Jungle Ventures. The round saw participation from other new investors – Accion Venture Lab, Saison Capital and ICMG Partners. Existing backers included Strive, Gemba Capital and Titan Capital, and debt partners…
Swedish fashion retailer Hennes & Mauritz (H&M) posted a 40% increase in sales in the year to March 2023, still managing to retain its position as India’s largest fast fashion brand by revenues on lower pricing. The sales expansion, however, was lower compared to 49% a year ago, indicating consumer shift to competition including Uniqlo…
Representative Image India’s diamond industry, reeling under the impact of G7 sanctions on Russia, has found a glimmer of hope in the African Diamond Producers Association‘s (ADPA) opposition to the G7 diamond protocol. The G7 countries are pushing for this protocol to prevent the entry of Russian diamonds into their countries. India cuts and polishes…
The TOI Sports Desk excels in a myriad of roles that capture the essence of live sporting events and deliver compelling content to readers worldwide. From running live blogs for India and non-India cricket matches to global spectacles featuring Indian talents, like the Chess World Cup final featuring Praggnanandhaa and the Badminton World Championships semifinal…
Representative Image New Delhi: Revenues of Indian diamond polishers are expected to drop by 30 – 35 per cent year-on-year to USD 14-15 billion, said a recent report by Crisil Ratings. The slump in revenues is projected owing to the economic slowdown as key markets including the US, the European Union (EU), and China have…
The Netherlands‘ skipper, Scott Edwards, called his team’s remarkable win over South Africa in the ICC World Cup on Tuesday as a significant achievement, while Proteas’ captain Temba Bavuma acknowledged that the 38-run defeat would be a painful setback. South Africa, chasing a target of 246 in a rain-shortened 43-over match following Edwards’ crucial unbeaten…
PUNE: Over 100 flyers booked on a Delhi-Pune AIX Connect (Air Asia) flight on Monday evening spent over an hour-and-a-half sitting in the aircraft because its take-off was delayed after taxiing some distance due to bad weather condition.The flight (I5-721) was to take off from Delhi at 9pm and land in Pune around 11pm. Santosh…
