Indian consumers purchased 51% more gold compared to China between July and September led by higher purchases of gold coins and bars, as per latest World Gold Council data. The data showed Indians purchased 248.3 tonnes of gold compared to China’s 165 tonnes. On a year-on-year basis, India’s demand for gold surged by 18% in…
Representative image New Delhi: International brands that are moving their third-party operations to India are unlikely to reduce product prices for Indian consumers, according to Nuvama’s September report on footwear trends. Outsourcing is primarily geared toward cost efficiency in international markets rather than benefiting domestic consumers through reduced prices says the report. The report adds…
New Delhi: Six-year-old homegrown startup, Bangalore Watch Company wants to build a Swiss-quality luxury watch brand from India. Banking on Indian consumers’ growing discretionary spending coupled with an increased affinity towards homegrown brands, the company aims to reach the mark of 5,000 watches annually in the next 3 years, shared Nirupesh Joshi, co-founder and creative…
India’s move to remove the 40% import duty on desi chana has caused international prices of the commodity to surge by 7-10% within a day of the announcement on Friday. This decision, made during the ongoing sowing season in Australia, will likely motivate farmers there to increase the acreage and production of Bengal gram for…
