The fashion house, Eli Bitton, originally from Israel, opened its first flagship store in West Patel Nagar, New Delhi, India. The launch was attended by numerous social media influencers and Delhi socialites. Eli Bitton has been operating in Israel for over thirty years, and now seeks to expand its presence in India by providing unique […]
Continuing its business expansion, Reliance Retail on Tuesday launched the fifth store of its premium fashion and lifestyle brand ‘AZORTE’ at Airia Mall, Sector 68, Gurugram. Spread across 22,000 square feet of retail space, Reliance Retail said this store would strengthen its commitment to a multi-format approach to cater to all consumer segments and disrupt […]
Indian retail entities are all set to see an exuberant year-on-year (YoY) increase in sales of 45 per cent in financial year (FY) 2023 and their operating profit margins (OPMs) are expected to remain range-bound at 7-7.3 per cent, said rating agency ICRA. The rating agency’s recent analysis of the industry stated that this is […]
With only a few days left for Ramzan, the Pakistan government has raised the price of petrol to Pakistani Rupee (PKR) 272 per litre, adding pressure on the inflation-weary people, Geo News reported. The Finance Division, in its fortnight bulletin, attributed the price hike to the depreciation of the Pakistani rupee against the US dollar […]
The country’s fragrance and flavour industry is expected to grow by 12 per cent per year and reach USD 5.2 billion in three to four years, according to an industry apex body. Rising disposable incomes and changing consumer preferences, according to Fragrances and Flavours Association of India (FAFAI) president Risabh Kothari, will drive this growth. […]
Labdhi Lifestyle, a premium developer from Mumbai has acquired Rajesh Lifespaces’ stressed project at Bandra Kurla Complex (BKC) through an agreement between both the developers and the project’s financiers Mirae Asset and JM Financial. Labdhi Lifestyle will be investing over Rs. 200 crore to develop a mixed-use project, including repayment of debt raised from both […]
India’s gem and jewellery exports witnessed a resurgence in February, supported by a swift recovery of both the Chinese and Middle East markets. In February 2023, the overall gem and jewellery exports witnessed a surge of 24 per cent to Rs 28,832.86 crore as compared to Rs 23,326.8 crore for the same month last year, […]
Hy-Vee, Inc., an U.S. grocery retailer, officially opened its new Global Capabilities Center, Helpful Smiles Technology (HST) Global, in Bangalore on Thursday. The HST Global team will work in conjunction with Hy-Vee’s U.S. technology teams to develop and deliver innovative technology solutions for customers. Hy-Vee is an employee-owned company operating more than 550 retail business […]
The World Platinum Investment Council (WPIC) stated in a quarterly report on Wednesday that a worldwide platinum shortfall in 2023 will be worse than previously anticipated owing to high industrial demand, and that the shortage might last for years. The WPIC predicts that demand for platinum, which is also used in car exhausts and jewellery, […]
Any gold jewellery and artifacts having only a four-digit number Hallmark Unique Identification (HUID) number as a hallmark cannot be sold from 31 March, the Ministry of Consumer Affairs has announced. From 1 April, only those gold jewellery and artifacts with a six-digit alphanumeric number as a hallmark can be sold, Nidhi Khare, additional secretary, […]
