NEW DELHI: Foreign direct investment jumped 64% in October to $8.4 billion — the highest in 18 months — as the bleak global economic environment shows some signs of improvement amid moderating inflation and a pause in interest rate hikes by central banks.Latest data released by RBI showed that on a gross basis, inflows increased…
Tokyo: A second-hand pop-up store in Tokyo by casual clothing giant Uniqlo was a first for the Japanese firm, but also a sign that a local aversion to used garments may finally be fading. Uniqlo is a major player in an industry blamed for immense carbon emissions and other pollutants like microplastics. It has ridden…
The global prices also impact domestic prices in India due to high imports of the precious metal. Spot gold increased 0.5 per cent to $2,012.33 per ounce while the US gold futures also rose 0.5 per cent to $2,013.10. The dollar depreciated further by 0.1 per cent against a basket of major currencies and is…
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…
Representative image New Delhi: Apparel manufacturers and brands expect a 25 per cent fall in sales this festive season when compared to last year, said a recent survey by the Clothing Manufacturing Association of India (CMAI). The survey included inputs from 166 apparel manufacturers, of which 78 per cent expect a slowdown in sales while…
As the INDIA alliance coordination committee gears-up to meet, Aam Aadmi Party’s (AAP) Rajya Sabha MP in a wide-ranging interview said that no discussion around seat-sharing has happened within the INDIA alliance so far and this conversation is likely to commence at Sharad Pawar’s (NCP supremo) residence in Delhi where the committee will hold its…
NEW DELHI: Union finance minister Nirmala Sitharaman on Friday said that taming inflation to ensure sustained economic growth is the Centre’s “priority”.She was addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII).During her speech, the minister said that elevated interest rates for considerable time hampers recovery, adding that her “priority…
Representative Image With Indian consumers continuing to go slow on discretionary spending amid sticky inflation, companies across segments in the country are reporting tepid numbers. Lukewarm demand trends have become the norm for businesses ranging from fashion retailers to quick service restaurant (QSR), ToI reported on August 17. The demand situation is posing a challenge,…
