Two European defense manufacturing giants are seeking to win a 400 billion rupee ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region. Indian officials are currently evaluating competing bids to build six of the vessels in…
Vande Bharat trains will increasingly have indigenous components, with the Modi government looking at a new PLI or Production Linked Incentive Scheme for train parts. In a bid to attract foreign manufacturing firms and lessen import reliance, the government is set to roll out a PLI scheme for train component manufacturers, an ET report said….
Danish jewellery maker Pandora on Tuesday raised its full-year revenue outlook as it reported better-than-expected second-quarter sales helped by an improved performance in the U.S. and China. “Given our solid performance so far, our updated guidance now sees another year of positive organic growth,” CEO Alexander Lacik said in a statement. Pandora said it now…
Saumen Bhaumik, CEO, Zefr Eyewear retailer Titan Eye+ is shifting its focus from growth to strengthening the existing stores for the next few quarters. At the launch of its new line Zefr, CEO Saumen Bhaumik told ET that the eyewear arm of the Bengaluru-headquartered Titan Industries, is likely to focus on growth after the fourth…
With inflation cooling off, leading shoemaker Bata is re-entering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital savvy consumers, according to company Managing Director and CEO Gunjan Shah. The company, as part of its sales strategy, is expanding its presence in both channels…
Kolkata-based Senco Gold, a recent debutant on the exchanges, on Monday reported 23% growth in its consolidated net profit at Rs 27.6 crore for the quarter ended June 2023. It was Rs 22.5 crore in the year-ago period. Revenue from operations jumped 30% to Rs 1,305 crore in the June quarter, compared with Rs 1,007…
NEW DELHI: The Hardik Pandya led young Indian side took the five-match T20I series against the West Indies to the decider, after making a valiant comeback in the third and fourth T20Is. But on Sunday, they were outclassed by the West Indies in the fifth match to lose the series 2-3. No team has made…
DEHRADUN: Following a landslide near the busy Daatkali tunnel, the entry point for the Dehradun valley from Saharanpur, a large chunk of the Delhi-Dehradun highway near the ambitious 180-km expressway project caved in on Friday disrupting traffic on both sides of the existing road and raising fresh questions on the viability of the new elevated…
NEW DELHI: India made a complete mockery of the 179 chase as Yashasvi Jaiswal and Shubman Gill‘s belligerent opening stand powered India to a series-levelling nine-wicket victory in the fourth T20I against West Indies in Lauderhill, Florida on Saturday. Jaiswal and Gill smoked dazzling half-centuries as the duo toyed with the West Indies bowling attack…
Ralph Lauren on Thursday forecast current-quarter sales largely below Wall Street expectations, as demand for its pricey sweaters, shirts and outdoor wear tapers amid a broad slowdown in U.S. luxury spending. After a robust spending spree last year, affluent shoppers in the U.S. have now cut back on luxury goods purchases as sticky inflation and…
