Gold prices steadied on Wednesday, after posting its biggest decline in a month in the previous session after a sticky U.S. inflation report boosted bond yields and slightly tempered hopes for a June interest rate cut from the Federal Reserve. FUNDAMENTALS Spot gold edged 0.1% up to $2,158.26 per ounce, as of 0151 GMT. U.S….
NEW DELHI:In a recent interview, US Congressman Rich McCormick, a Republican from Georgia, expressed unwavering confidence in Prime Minister Narendra Modi‘s prospects for re-election in the upcoming Lok Sabha elections, citing his widespread popularity and progressive leadership.“Prime Minister Modi is incredibly popular. I was just over there. I actually had lunch with Prime Minister Modi…
Mumbai: Fashion brand Powerlook Apparels on Monday announced the opening of its two new offline stores in the city and said it plans to invest Rs 50 crore in expanding the number of such outlets in the country to 50 by 2027. The fashion brand currently has a presence on leading e-commerce websites Myntra and…
Representative image Mumbai: India’s Vishal Mega Mart is planning a $1 billion initial public offering that would value the budget supermarket chain at up to $5 billion with some of the proceeds earmarked to add stores, two people with direct knowledge of the plan said. Switzerland’s Partners Group and India’s Kedaara Capital, which together have…
Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better assess any supply chain risks. Inditex is an outlier among big clothing retailers in not publishing which factories it sources from. Regulators and investors want greater transparency and better disclosure from companies….
Spanish fashion retailer Mango reported on Monday record sales of 3.1 billion euros ($3.39 billion) in 2023, beating its forecast after matching domestic rival Zara’s strong expansion in the United States. The Barcelona-based brand said sales jumped 19% last year to exceed its forecast of 3 billion euros through a focus on party wear and…
Superdry on Monday confirmed that it was in talks with lender Hilco to provide additional liquidity, as the struggling British fashion retailer looks to navigate weak demand. The company said it is in discussion to increase its lending facilities by about 10 million pounds ($13 million) and an additional 10 million pounds to meet seasonal…
Representative Image Mumbai | New Delhi: From safa and mala to jooti and brooch, the quintessential Indian wedding is now incomplete without a touch of royalty for the bridegroom and even his immediate family and friends, making such accessories make-or-break accompaniments for wedding collection brands. “While it (accessories) accounts for just 7-8% of the wedding…
NEW DELHI: The Centre on Monday announced the implementation of the Citizenship Amendment Act. The law enables granting of citizenship to citizens of Pakistan, Bangladesh and Afghanistan belonging to Hindu, Sikh, Jain, Christian, Buddhist & Parsi communities, who had migrated to India before December 31, 2014.An online system for application, processing & grant of citizenship…
Luxerati Retail Pvt Ltd, the master franchise of luxury shoe brand Santoni in India since 2018, is gearing up to invest Rs 15 crore to launch two new Santoni stores across the country, Sanjay Kataria, managing director of Luxerati Retail Pvt Ltd, told ETRetail. The Italian brand, which opened its first store at DLF Emporio,…
