PM Modi to depart for Johannesburg on Tuesday to attend 15th Brics summit | India News – Times of India
15th Brics summit: PM Modi to depart for Johannesburg on Tuesday Source link
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Indian hosiery sector stitches up revenue growth of Rs 36,000 cr, 18-20% higher on-year – ET Retail
Representative Image The Indian hosiery industry will stitch up revenue of Rs 36,000 crore this fiscal, 18-20% higher on-year, riding on a revival in rural demand. Operating margin will expand 300-400 basis points (bps) on softer input prices and improved capacity utilisations. A CRISIL Ratings analysis of 28 hosiery makers, accounting for a third of…
Loss-making businesses in the eyes of strategics don’t get great value: CaratLane’s Mithun Sacheti – ET Retail
Mithun Sacheti, founder, Caratlane Mithun Sacheti founded online jewellery selling platform CaratLane in 2008 along with Srinivasa Gopalan. On Saturday, he scored one of the most successful exits by an Indian consumer internet entrepreneur when he sold his 27% stake to watchmaker Titan for Rs 4,621 crore. Sacheti, 44, first brought the Tata group company…
Readymade garment sector eyes double digit jump in biz – ET Retail
Representative Image Indore: With less than a fortnight left in Rakshabandhan that marks the start of the festival season, readymade garment industry of Indore eyes a double digit jump in business amid increase in orders for readymade garments from outstation markets of India. Indore is a hub for ready-made garment manufacturers with presence of more…
If the shoe fits: Family, business and how the Liberty Group is working on its succession planning – ET Retail
With multiple stakeholders in the family business, succession planning is not only important to pass on the group wealth to the next generation but also to avoid bitter disputes. Yet only 19% of Indian businesses have conflict resolution mechanisms in place, according to a family business survey by PricewaterhouseCoopers (PwC) India in 2023. Just 34%…
After India vs Pakistan, another change in ODI World Cup schedule on the cards? | Cricket News – Times of India
NEW DELHI: Expressing concerns regarding both organisational and security aspects, an official from the Hyderabad Cricket Association (HCA) has emphasised that hosting two World Cup matches within consecutive days is far from ideal. The official has expressed the hope that a one-day break between such matches can be arranged. This stance further signals a potential…
Titan buys remaining 27% in CaratLane valuing it at Rs 17,000 crore – ET Retail
After months of negotiations, Tata group company Titan has bought out the residual 27.18% stake in its subsidiary CaratLane from the omnichannel jewellery brand’s founder Mithun Sacheti and his family members for Rs 4,621 crore in cash. The latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane. The deal ranks as the…
Exclusive: New orange Vande Bharat Express hits the tracks; see pics of new Indian Railways train – Times of India
A new orange-gray theme colored Vande Bharat Express has hit the tracks at the Integral Coach Factory (ICF) in Chennai. The new train is the 31st Vande Bharat Express rake to be rolled out by ICF. A few weeks ago Railway Minister Ashwini Vaishnaw had visited the coach factory and images of him inspecting the…
Aretto, kids footwear brand raises Rs 4.5 crore in funding round – ET Retail
Representative Image Aretto, the kids footwear brand announced successful completion of its seed funding round. The company secured $550K from a clutch of angel investors and advisors, which included renowned cricketer Hardik Pandya; Abhineet Singh(Co-founder of VegNonVeg and Founder Brewhouse), Shyam Raichura (MD of Aan Group), Raunak Munot (Ex-CMO of Bombay Shaving Company), investment banking…
Malabar Gold & Diamonds launches its first state-of-the-art jewellery manufacturing facility in West Bengal – ET Retail
Representative Image Gold and diamond major Malabar Gold & Diamonds has launched its first state-of-the-art jewellery manufacturing facility in West Bengal. The manufacturing unit built with an investment of Rs 150 crore. The facility was inaugurated by Shashi Panja, minister of state Industries, commerce & enterprises, child development and Women Development & Social Welfare. Malabar…