Representative image Driven by a fall in gold prices and higher customer engagement, listed jewellery company Senco Gold & Diamonds has witnessed an increase of 36 percent in its net profit to Rs 11.9 crore in the second quarter of FY24 as compared to Q2 of FY23. The revenues from operations grew by 26 per…
India’s gems & jewellery industry has seen a growing trend in the recent past. Lab-grown diamonds (LGDs) have established a niche for themselves among consumers who focus on affordability, says Vipul Shah, Chairman, Gem & Jewellery Exports Promotion Council (GJEPC). In an interaction with ET Digital, Shah says he is upbeat about the prospects of…
Representative image Aditya Birla Fashion and Retail Ltd on Thursday reported a consolidated net loss of Rs 200.34 crore for the second quarter ended September 2023. The company had a net profit of Rs 29.42 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Aditya Birla Fashion and Retail…
NEW DELHI: Global fashion retailers including H&M and Gap are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers’ wages, a U.S.-based association representing more than 1,000 brands said. Bangladesh is the world’s biggest garments exporter after China. This week, after deadly protests between police and factory workers, the…
NEW DELHI: After breaking a four-match losing streak against Sri Lanka in their last round-robin clash, New Zealand‘s paceman Lockie Ferguson expressed confidence as they likely head into a World Cup semi-final against India. The crushing five-wicket victory on Thursday has positioned the Black Caps well, with Pakistan and Afghanistan now requiring miraculous wins to…
Brioni DS Group‘s luxury menswear division on Thursday announced the opening of the first Brioni boutique in Delhi, featuring the renowned Italian luxury menswear brand. The boutique captures the essence of Brioni’s global store concept, offering an inviting and carefully curated space with Italian design furnishings. This includes pieces like a vintage Carlo Roma coffee…
NEW DELHI: The Supreme Court on Thursday upheld the constitutional validity of various provisions of Insolvency and Bankruptcy Code (IBC), including Section 95, which allows creditors to initiate insolvency proceedings against personal guarantors.A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Mishra rejected a plea against the provisions of…
BENGALURU – Page Industries, which licenses products of innerwear and loungewear brand Jockey International in India, reported a 7.3% fall in second-quarter profit on Thursday as inflation-hit consumers continued to cut back on spending. The Bengaluru-based company, which also operates in countries such as Sri Lanka and the United Arab Emirates, said its profit fell…
NEW DELHI: In the 5th 2+2 ministerial meeting on Friday, India and the US will look to build upon the gains from Prime Minister Narendra Modi’s landmark state visit earlier this year, with a focus on defence technology transfer and coproduction, strategic technology collaborations, nuclear cooperation, and people-to-people ties. China and the Indo-Pacific, including Quad…
Bata India reported a 38% fall in second-quarter profit on Wednesday, hurt by a one-time charge and as inflationary pressures kept footfalls at its shoe outlets in check. The footwear maker said its consolidated profit fell to 339.9 million rupees ($4.1 million) in the July-September quarter, from 548.2 million rupees in the year-ago quarter. The…
