MUMBAI: The US central bank’s aggressive move on Wednesday to cut interest rates by a half percentage point could turn out to be a tailwind for the Indian economy.It could help increase the flow of foreign funds into Indian markets, aid the rupee’s stability and fuel the current bull rally, top govt officials, economists and…
Tom Singh, Founder, New Look and Independent Director, Board of ace turtle “The fundamental principle of retailing remains unchanged: understanding the customer’s mindset, offering desirable products at the right time and price,” says Tom Singh, the visionary founder of New Look and an independent director on the board of Ace Turtle.Sharing insights into his compelling…
Representative Image Mumbai | Kolkata: A quaint and simple Japanese engagement ceremony was dramatically transformed in the late 60s when DeBeers, the dominant cartel of the day, sold the idea of a diamond ring to young Japanese riding the post-war prosperity. A campaign waged by a group that was criticised amid the anti-apartheid wave, altered…
Luxury watchmaker Vacheron Constantin‘s relations with India date back to the times of the maharajahs, and now the Swiss brand is paying “close attention” to the country for emerging opportunities and consumer trends, said Christophe Ramel, its managing director for the Middle East, India and Africa. “The Maison enjoys great awareness among Indian watch collectors…
Mumbai: Why would a high-end Swiss luxury watch brand choose to enter the Indian market to sell just 5-6 watches each year, when they could easily sell their limited production of 150-160 handmade pieces in the US, Europe, or the Middle East, where demand amongst collectors is strong? “We see the Indian market as a…
Bengaluru-based EV manufacturer Ola Electric has announced a significant price reduction on its S1X electric scooter lineup. The S1 X series now offers three battery configurations – 2 kWh, 3 kWh, and 4 kWh – with prices starting at just Rs 69,999 for the introductory 2 kWh model. Following closely behind, the 3 kWh and…
MUMBAI: An army of retail investors has found a strong footing on Dalal Street over the last decade thanks to a bullish market and a pandemic-driven digital push. In April 2015, India had just over 2 crore individual demat accounts – the actual number of investors would have been even less as one person can…
New Delhi: India’s footwear market is projected to witness an early double-digit growth to reach a market size of Rs 191K crore by FY 2028, according to a report by market research firm 1Lattice. As per the report, the footwear market in FY2024 stands at around Rs 123.5K crore. “The footwear industry stands at a…
Representative image India‘s gold imports are set to plunge by more than 90% in March from the previous month to hit their lowest level since the COVID pandemic as banks cut imports after record-high prices hit demand, a government official and two bank dealers told Reuters. Lower imports by India, the world’s second biggest consumer…
Mid-market consumer and healthcare-focused fund Lighthouse Funds, has invested Rs 229 crore in luggage maker Safari Industries through its recent fund Lighthouse India Fund IV AIF. Safari marks the second investment by Lighthouse from its newly raised fourth private equity fund. Sachin Bhartiya, co-founder and partner at Lighthouse Funds said: “The Indian luggage market is…
