Picture source: X @arkadev NEW DELHI: A fire broke out on Wednesday afternoon at Sandhya Bazar near Anwar Shah Road in south Kolkata, a Fire Brigade official reported. The blaze, which started around 3:20 pm, was brought under control by 4:50 pm after 16 fire tenders were deployed to the scene.An X user shared a…
Michelle Gass Michelle Gass, chief executive of Levi Strauss & Co, said the denim maker‘s global operations should take a cue from the Indian business in terms of keeping speed, agility and execution of its retail strategy in a market, crucial to achieving its $10-billion annual revenue target, up from about $6 billion currently. “Speed,…
MUMBAI: In volatile trades on Monday, the sensex closed a marginal 57-point lower at 79,649 points as investors on Dalal Street mostly discounted US short-seller Hindenburg Research‘s report that alleged conflict of interest on part of Sebi chief Madhabi Puri Buch while investigating alleged wrongdoings by Adani Group.While the latest Hindenburg report didn’t have much…
NEW DELHI: After infusing money during the last two months, foreign investors have turned net sellers as they pulled out over Rs 13,400 crore from Indian equities in August so far due to unwinding of the yen carry trade and recession fears in the US.So far this year, FPIs have made a net investment of…
New Delhi: Bengaluru-based active-wear retailer TechnoSport has crossed the Rs 300 crore revenue mark in FY24 and is eyeing a high double-digit growth of 30 – 40 per cent over the next few years, the company’s co-founder Sunil Jhunjhunwala told ETRetail. He attributed the shift towards organised and branded products, the company’s competitive pricing solving…
Prices of Indian lab-grown diamonds (LGDs) have crashed by 45% in FY24 due to overproduction in the global markets. In FY24 global production of lab-grown diamonds stood at 40 million carats, which is almost 33% higher than FY23 production. Indian LGD exports have dropped by 18.2 % in April to $83.77 million in value terms…
New Delhi: Ethnix by Raymond, an ethnic wear brand is charting a course for rapid expansion with plans to significantly increase its retail presence to 250 stores by the end of this fiscal year 2024-25 across India, a company’s senior official said. The ethnic wear brand is aiming to open over 130 stores this fiscal…
MUMBAI: Spain’s Inditex, the owner of fashion brand Zara, saw its slowest ever sales growth in India, excluding the pandemic year, in FY24 as the world’s largest fashion group faced rising competition from global rivals in the clothing market that is increasingly getting cluttered. Inditex Trent, its joint venture with Tata that runs 23 of…
The Lab-grown Diamonds (LGDs) exports are expected to witness a revival in FY25, with exports expected to grow by 7-9% to reach a value of~US$1500-1530 million, according to CareEdge Advisory. LGD exports have been declining in recent time, and have seen around 16.5% decline y-o-y for FY24. While the sales volume of LGDs have been…
NEW DELHI: Tesla CEO Elon Musk arrived in China on Sunday on a surprise visit to the country, which is also the second biggest market of the electric vehicle giant, the Chinese state broadcaster reported. This is his second visit to Beijing within a year.This also comes days after he postponed his visit to India…
