28 October 2023, Mumbai
IN BRIEF
Amazon CFO Olsavsky confirms plan to invest more in global emerging markets, citing profitability of mature markets and unique growth trajectories of emerging markets.
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27 October 2023, Mumbai
IN BRIEF
The Export Promotion Council for Handicrafts (EPCH) organizes the IHGF Delhi fair, one of Asia's largest events for Gifts & Handicrafts.
The 57th edition of this fair will be held at the India Expo Centre & Mart on February 10, 2024.
26 October 2023, Mumbai
IN BRIEF
As per latest ETRetail report l
Inc.5 Shoes, a legacy footwear brand, has secured $10 million in its maiden institutional funding round led by Carpediem Capital, with participation from Param Capital and P3 Venture Fund.
25 October 2023, Mumbai
IN BRIEF
Tirupur Exporters' Association (TEA)'s new team, led by KM Subramanian, aims to boost Tirupur's apparel exports to Rs. 30,000 crore with FIEO's guidance.
They also plan to build a hostel for workers.
27 October 2023, Mumbai
IN BRIEF
Reliance Brands Limited (RBL) has announced that it will bring 10 global luxury brands to India through Ajio Luxe, a sub-brand of Ajio that offers luxury products.
The news was shared on social media on Thursday.
25 October 2023, Mumbai
IN BRIEF
After a 10% drop in its shares earlier this month, Puma rebounded with a strong third-quarter earnings report, exceeding market expectations and boosting profit margins.
This positive news lifted investor confidence and pushed Puma's stock up by 4% in early trading.
25 October 2023, Mumbai
IN BRIEF
The business intelligence platform Tofler provided these data l Source FE report
ASICS India saw a remarkable increase in profits for FY23, with profits rising by 37.74% to Rs 55.11 crore and sales revenue growing by 35.85% to Rs 340.85 crore.
27 October 2023, Mumbai
IN BRIEF
The Aditya Birla Group, through its house of brands business TMRW, has invested Rs 155 crore in The Indian Garage Co (TIGC), a men's fashion brand.
25 October 2023, Mumbai
IN BRIEF
VF Corporation, has announced that Trevor A. Edwards joins its Board of Directors on October 22, 2023.
Edwards has over 25 years of experience in marketing, global brand management, and general management in the apparel and footwear industry.
24 October 2023, Mumbai
IN BRIEF
Aditya Birla Fashion and Retail (ABFRL) stock fell by 2% on October 23 after its subsidiary bought a 51% stake in Styleverse Lifestyle for Rs 155 crore.
The acquisition is seen as part of ABFRL's strategy to expand its digital presence.
26 October 2023, Mumbai
IN BRIEF
The World Economic Outlook predicts a sharp slowdown in global growth, from 6.0% in 2021 to 2.7% in 2023.
The global economy is poised for a significant slowdown, with growth projected to decelerate from 6.0% in 2021 to 2.7% in 2023.
Global growth is set to plunge to 2.7% in 2023, down from 6.0% in 2021, according to the World Economic Outlook.
25 October 2023, Mumbai
IN BRIEF
As per latest Live Mint report l
Kewal Kiran Clothing announced its Q2 FY24 financial results on October 23, 2023, with revenue and profit up 15.97% and 27.04%, respectively, compared to the same quarter last year.
22 October 2023, Mumbai
IN BRIEF
The bilateral free trade agreement (FTA) talks between India and the UK, which began in April 2023, are expected to conclude by the end of the year with a comprehensive deal covering more than 90 percent of goods and 40 percent of services. The FTA will benefit sectors like textiles, leather goods, and footwear, which face high tariffs in the UK market.
The FTA will also build on the existing trade relations between the two countries, which reached over $800 billion in 2023. India’s exports to the UK, which include petroleum products, medicines, diamonds, and wooden furniture, are estimated at $11.41 billion in the 2022-23 fiscal year.
The FTA will reduce the average tariff on Indian goods from 4.2 percent to zero or low levels, increasing India’s exports by nearly $5 billion.
