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.
Festival of Lights fails to revive India’s sullen animal spirits
Poor reading in all key markers signals a protracted slowdown, and may influ...
Gold decouples from wedding season
Also, equity markets across the globe are doing well, dulling gold’s relative appeal as a safehaven invest...
Diwali gives struggling auto companies reason to cheer
Retail sales of passenger vehicles improved 13.9% in October over the preceding year, while two-wheeler sales improved 8.9%, vehicle registration data from road transport and highways ministry's VAHAN dashboard showed.
We sold 40% devices in tier 2 during Diwali: David Limp, senior VP, Amazon
Amazon senior VP sees growing acceptance of its Alexa voice services in Hindi, which is helping its subscription services in and around music. He said, "Shopping is a perfect example where we’re seeing signs of people adopting voice and that’ll be another great business."
Post-Diwali days in NCR a nightmare: Pranab Mukherjee
Thousands of people living in rural areas migrate to the cities every day, seeking better economic opportunities. Many end up in slums that are hotbeds of pollution, unhygienic conditions, said the former President of India.
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.
There are many people behind the box you received this Diwali. This heartwarming video shows how YOU made the festivities brighter for them.
Wedding gold purchase in Diwali causes discrepancy
Spot gold on MCX has risen by almost 22 per cent year-on-year to Rs 38,630 (ex-GST) this Dhanteras-Diwali.
Credit cards, EMI payments sparkle during Diwali sale
Consumers made up for initial slowdown during the run-up to the festival with last-minute buys.
Haryana cabinet expansion: Names finalised, induction of new ministers likely on November 12
After consulting senior leaders of his party in Delhi, the names of those who are to be inducted into the cabinet have been finalised and coalition partner JJP has been taken into confidence, the sources said, adding if things go as scheduled, the new ministers will take oath on November 12.
Rajinikanth greets fans on Diwali
Actor-turned-politician Rajinikanth met his fans outside his residence, in Chennai, to extend wishes on the occasion of Diwali. (Text: ANI)R...
India’s biggest shopping season wasn’t all that big: Report
More than 90 per cent of storekeepers indicated footfalls lower than the last year’s festival period.
‘Consumers spent more on travel and food this Diwali’
Though jewellery spending was flat, banks like Axis Bank saw an increase in the total value of purchases in electronics and travel during the festive season. Axis saw a 100 per cent increase in electronics purchases.
Realtors see 15-25% rise in sales during Diwali
The festive period around Diwali is the peak sales season in India as many believe it an auspicious time to buy everything from gold to consumer durables and houses.
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