Raymond Lifestyle plans to add 900 stores over the next three years, targeting 12-15% annual sales growth and 18-20% operating profit growth, according to chairman Gautam Singhania. Shares of Raymond Lifestyle, the demerged unit of Raymond, are set to list on the bourses on September 5. Singhania told ET that internal challenges in China and…
MUMBAI: Amid persistent lobbying by Indian diamond houses and trade biggies like DeBeers, the European Union (EU) has deferred the start of a harsher sanctions regime on Russian diamonds by six months, to March 2025. A few other relaxations, like ring-fencing old stocks, announced by the European Commission, the executive arm of the EU, would…
If it’s Belgium, why not India? New Delhi, along with the Indian diamond lobby, have sent across the message to the G7 club as the countdown begins to a sterner sanctions regime on Russian stones, beginning September 1. At a meeting in Brussels last month, the Indian trade body, senior government officials and Indian customs…
NEW DELHI: Slovak Prime Minister Robert Fico’s condition was reported as serious but stable on Saturday, following surgery to remove dead tissue from his gunshot wounds. The man accused of attempting to assassinate him faced his first court appearance on the same day.Fico underwent a two-hour surgery on Friday at the University FD Roosevelt Hospital…
NEW DELHI: Prime Minister Narendra Modi on Thursday spoke to Italian counterpart Giorgia Meloni on the occasion of Italy‘s 79th anniversary of Liberation Day.In a telephone conversation, PM Modi also thanked Meloni for invite to the G7 Summit, which is scheduled to take place in June this year in Italy’s Puglia. The leaders discussed taking…
Under the European Union’s new regulations for online content, known as the Digital Services Act (DSA), adult entertainment platforms Pornhub, Stripchat, and XVideos are required to conduct risk assessments and implement strategies to mitigate systemic risks associated with their services. The European Commission announced these requirements, emphasizing the need for these platforms to adhere to…
Kolkata: Diamond exporters in India are in a dilemma as their buyers of cut and polished diamonds in the US and Europe are demanding source declarations for even small diamonds that are currently exempt from sanctions imposed on Russia following the Ukraine invasion. Exporters said many dealers and jewellers in G7 nations have declined to…
To comply with the European Union’s (EU) mandate, Apple has announced new measures to help music streaming apps. As per the new measures, third-party music streaming companies that are listed on the Cupertino-based tech giant’s App Store and are available in the European Economic Area will be allowed to inform users of other ways to…
Representative image France is proposing a European Union ban on exports of used clothes, the environment ministry told Reuters on Thursday, as governments look for new ways to tackle the worsening problem of textile waste. United Nations trade data shows the EU exported 1.4 million metric tons of used textiles in 2022, more than twice…
Representative Image Less than a fortnight before the deadline to weed out Russian diamonds from the world’s affluent markets, a confused, volatile trade is feeling the pulls and pressures: a rigid rule pushed by Europe to probably regain its waning influence; the emerging voices of Africa and India opposing it; and, a new, different plan…
