China’s luxury market slumps as tax crackdown on offshore wealth hits spending by the country’s richest consumers Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers. Sales at the…
Up until now, the Amrit Bharat Express has been a non-AC long-distance passenger train. After upgrading train travel for the common man with Amrit Bharat Express, Indian Railways is now set to introduce air-conditioned coaches in the Amrit Bharat 3.0 Express, expected to be rolled out this financial year.Up until now, the Amrit Bharat Express…
Oil products now account for a much larger share of India’s exports to several destinations. India’s oil-products export map is expanding and the country is fast emerging as an important ‘swing supplier’ in the world’s refined fuel markets as the Middle East crisis continues to disrupt flows.As TOI recently reported, Singapore has become India’s third-largest…
PM Modi urges wider use of space technology in agriculture, environment and other sectors as India’s private space industry targets major growth. NEW DELHI: PM Narendra Modi on Friday interacted with chief executive officers (CEOs) and founders of 20 space startups, including India’s leading companies Skyroot Aerospace, Agnikul Cosmos, Pixxel, Dhruva Space, GalaxEye, PierSight, Bellatrix…
Pressure on lending yields and margins will remain key monitorables (file photo) India’s non-banking financial companies (NBFCs) are likely to maintain steady growth in the near to medium term, with credit demand remaining healthy despite geopolitical uncertainties, according to brokerage firm 360 ONE Capital.The brokerage said management teams have retained their FY27 and medium-term growth…
Aditya Birla addresses tariff and investment concerns NEW DELHI: Amid concerns over low private sector investment, Aditya Birla Group chairman Kumar Mangalam Birla Friday said the corporate sector was undertaking capital expenditure at a very fast pace.He said RBI data pointed to growth in bank loans to the corporate sector, which are evenly spread between…
The lawsuit alleges that Meta designed and monetised Facebook & Instagram to encourage compulsive use among young people (representative image) Meta is facing a landmark legal challenge in the US that could have far-reaching implications for how Facebook and Instagram are designed and operated, after 29 states accused the company of deliberately creating products that…
BCG CEO says CEOs are adapting to geopolitical uncertainty, AI and faster-changing business environments. NEW DELHI: The element of trade and tariffs is “over-emphasised” and the current generation of CEOs have realised there are other challenges they need to overcome to survive, BCG CEO Christoph Schweizer said at the ET World Leaders Forum Friday. Business…
Carney has ordered his trade negotiators to come back after suspending all negotiations with US The United States called the collapse of three days of intensive trade talks with Canada a “missed opportunity”, as Ottawa suspended negotiations and ordered its team to return, as Washington imposed 50 per cent tariffs on Canadian goods.US trade representative…
Informal sector sees strong Q1 growth, with women making up nearly one-third of its 13.7 crore workforce NEW DELHI: The informal sector, which constitutes major part of the economy, registered robust growth in Q1 (April -June) of the current financial year as number of establishments in the sector grew 9% (y-o-y) to 8.7 crore from…
