Representative image. Kolkata: Demand for woollens and thermal wear have declined by 30% year on year this season mainly due to late arrival of winter, prompting knitwear makers to slash production by up to 50%. Dealers and distributors are unwilling to pick up new stocks as they are yet to offload last year’s stock, and…
Ecuador is grappling with an unprecedented wave of violence following a series of alarming incidents, including a live television studio invasion by armed gunmen. President Daniel Noboa‘s recent declaration of 22 gangs as terrorist organizations and military targets marks a significant escalation in the government’s response to the crisis.At least 10 people, including two law…
NEW DELHI: The first US lunar lander in more than 50 years rocketed to space gave up its hopes on Moon landing after the lander faced a “critical” fuel leak on Tuesday.Informing that there was “no chance of a soft landing on the Moon”, the company said, “given the propellant fuel leak, there is, unfortunately,…
Gautam Singhania, Managing Director Raymond The Gautam Singhania-led Raymond Group settled a case of alleged customs duty evasion filed by the Directorate of Revenue Intelligence (DRI) over the import of 142 cars by paying ₹328 crore. The amount paid by Raymond Group unit JK Investors (Bombay) Ltd is inclusive of differential duty along with interest…
NEW DELHI: French prime minister Elisabeth Borne resigned on Monday as part of a significant government reshuffle by President Emmanuel Macron ahead of the European parliament elections and the Paris Olympics scheduled for this summer. Macron had hinted at a government reshuffle in December, pledging a new political initiative following a year marred by political…
Danish jewellery maker Pandora said on Sunday its revenue growth and earnings in 2023 had exceeded the group’s expectation, lifted by strong demand and “solid profitability” in the final months of the year. The company, known for its bracelets and charms, said organic sales grew by 12% year-on-year in the October-December period, lifting annual growth…
NEW DELHI: Pakistan’s fiery pacer, Hasan Ali, didn’t mince words when responding to a fan who taunted him about his catching skills after Australia secured an 8-wicket victory in the third Test in Sydney.After the conclusion of the three-match Test series, a video surfaced on social media capturing the moment Hasan went towards the stands…
Representative Image New Delhi: Market size of the Indian footwear industry can increase by over three times to USD 90 billion by 2030 provided a host of measures such as a ban on show imports, fiscal incentives, more design centres and Taiwanese contract manufacturers setting up shops in the country are taken, a report said…
The grounding of Boeing Co.’s 737 Max 9 quickly gathered pace, with carriers from the US to Panama to Turkey pulling the model from service for inspections after a fuselage section on a brand-new Alaska Airlines jet blew out during flight. After Alaska Air kept its fleet of 65 737 Max 9s on the ground…
Representative image Ludhiana: Although winter is the peak time for the textile industry to make sales, the traders have reported that all their hopes have been dashed to the ground due to late arrival of the winter season. The industry which has already been facing stagnation for the last few years failed to get relief…
