Versace, Cavalli seek new partners in India; Longchamp shuts shop
High operating costs and soaring rentals are the bane of luxury retailers who have also noticed a 20-25% reduction in footfalls. The non-existant growth of luxury brands in India, according to experts, can be attributed to a confused strategy followed by brands. Experts say, luxury brands are selling old collection in India which is driving sales down.
Bourses to hold 1-hour Diwali muhurat trading session on October 27
The exchanges will remain closed October 28 on the occasion of Diwali Bal...
Festival of Lights fails to revive India’s sullen animal spirits
Poor reading in all key markers signals a protracted slowdown, and may influence the RBI to cut rates more.
ET Online Survey: Misfiring main engine, muffled cheers as a high-stakes Diwali nears
As the main engine misfires and festive cheers remain muffled, will it be a Diwali of discontent?
Tepid Diwali sales hit price targets for Jhunjhunwala’s biggest stock bet
Post Q2 earnings, most analysts have cut their FY20 earnings forecast for Titan.
Arvind Kejriwal plans ‘collective Diwali’ for Delhi
Government starts process to identify site for fireworks; 5 million gas masks to be distributed before November.
BSNL staff to get salary before Diwali: P.K. Purwar
"We will give salaries to the employees before Diwali from our own resources on accruals. We generate Rs 1,600 crore a month revenues from services," BSNL chairman told.
Muted Diwali demand, GDP growth may fall to 5.8%: BofAML
RBI will cut key rates by a further 0.15% in February review, over the 0.25% expected after the December meeting, BofA ML said. Economic growth has slipped to a six-year low of 5% for the June quarter and is expected to turn in lower than that in the September quarter. Lack of consumption is seen as one of the key factors pulling down growth.
Naan Bombs & Dhoklas, Kashk-E-Bademjan & Baghali Polow At Carlton House, As Hindujas Light Up London For Diwali
Gold decouples from wedding season
Also, equity markets across the globe are doing well, dulling gold’s relative appeal as a safehaven investment.
In Ayodhya, a grander Deepotsav this time on Diwali
The UP government is also considering prominent personalities for chief guest on the occasion. Last year, South Korea’s first lady Kim Jung-Sook was invited as the chief guest.
Soaring gold prices put Indian buyers off ahead of Diwali
Jewellers are lining up promotions as a rally in prices coincides with a collapse in consumer demand.
Delhi air slips to ‘severe’ levels, farm fumes to choke it further
As meteorological conditions are bringing fumes from field fires in Punjab and Haryana, air quality in Delhi deteriorated to ‘severe’ level on Tuesday and is forecast to become much more hazardous in the days ahead.
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