Thursday, October 08
Titan Company's CaratLane aims to surpass last financial year's revenue growth, as younger Indians warm up to lower-carat jewellery and the brand plans to open more stores, its top boss told Reuters. Brands selling lower-carat jewellery, including CaratLane and Kalyan Jewellers' Candere, are rapidly expanding as younger Indians increasingly buy such pieces for adornment in a country that traditionally views jewellery as an investment. Around Valentine's Day this year, CaratLane launched 9-carat jewellery in a country that mainly buys 22-carat gold.Also Read: L'Oreal to more than double India business: CEO Nicolas Hieronimus Candere plans to open 80 stores in India in the year that started April 1, matching the number of higher-priced Kalyan locations planned for the same period, while larg
Shares of Chinese defense companies rallied Monday, after Pakistan said it intends to buy one of the Asian power’s most-advanced fighter jets as a part of major arms purchase.Shares of AVIC Shenyang Aircraft Company — the maker of China’s J-35 stealth fighter jet, which is the centerpiece of the package — soared by their 10% daily limit in Shanghai, extending gains for the third consecutive session. The stock led a rally across other defense names such as Aerospace Nanhu Electronic Information Technology Co., whose shares jumped as much as 15%.121721552The government of Pakistan said in a social media post on Friday that it would acquire 40 J-35 fifth-generation fighter jets, KJ-500 airborne early warning and control aircraft, as well as HQ-19 ballistic missile defense systems. Chi
Julius Baer Group is expecting Indian stocks to hit a new high in the second half of the fiscal year, as domestic consumption recovers.“The biggest theme going forward will be a revival in consumption in India,” Nitin Raheja, head of discretionary equities at Julius Baer India, said in an interview. One third of his portfolio is in consumption-linked themes, and he’s increasing bets on retailers focused on tier-two cities and apparel firms.Lower- and middle-income segments will lead the pickup in India’s consumer spending, aided by slowing inflation, abundant monsoon rains and income-tax cuts, said Raheja, who oversees portfolio management services and alternative investment funds for the Zurich-based wealth manager in India. 121717790There was a K-shaped recovery in India after t
Carlos Alcaraz saved three championship points as he produced an astonishing fightback from two sets down to beat Jannik Sinner in a French Open final for the ages on Sunday.Reigning champion Alcaraz rallied from the brink of defeat to overcome world number one Sinner 4-6, 6-7 (4/7), 6-4, 7-6 (7/3), 7-6 (10/2) to clinch his fifth Grand Slam title after five hours and 29 minutes.The 22-year-old Spaniard is now unbeaten in five Grand Slam finals after snapping Sinner's 20-match winning run at the majors.Alcaraz pulled off his first ever comeback from two sets down to stun Sinner in the longest Roland Garros final in history. It easily eclipsed the 1982 final in Paris when Mats Wilander triumphed in four sets over Guillermo Vilas in 4hr 42min.Alcaraz becomes the third youngest man to win five
