Arvind Fashions, the Rs 4,300-crore branded apparel arm of the Arvind group, is looking to scale up its largest brand US Polo in the next few years. In a conversation with FE, Kulin Lalbhai, vice-chairman and executive director, Arvind said that the company was eying a topline of Rs 3,000 crore for US Polo in
Retail sales has been growing between 2-7% over the last ten months of FY25 for most organised retailers, data from business surveys conducted by the Retailers Association of India (RAI), an apex body of retailers, shows. Yet, there is hope that the domestic retail market, valued at $82 billion, according to the Boston Consulting Group
The Tech Entrepreneurs Association of Mumbai (TEAM), which represents startups and tech companies from the city, is having discussions with legacy companies to work out partnerships and collaborations, governing council member Naiyya Saggi said. She added that some of these partnerships have become incubators for the startups involved. “These meetings usually involve some consultation sessions
Tata Projects, which is among the top three engineering, procurement and construction (EPC) firms with a 12-15% market share, is positioning itself for better liquidity cycles and long-term growth. Vinayak Pai, MD & CEO, shares with Geeta Nair insights on the company’s future, major projects and industry trends. Excerpts: ALSO READIkea’s expansion plans to be
Coal India on Thursday announced that a uniform levy of Rs 300 per tonne will be imposed across all mines of its wholly owned subsidiary, Northern Coalfields Ltd (NCL), effective from May 1, 2025. In a regulatory filing, the company said that the CIL board has approved the “Singrauli Punarasthapan Charge of Rs 300 per
Larsen & Toubro (L&T) is gearing up to diversify its product portfolio by leveraging technologies developed for defence to tap into broader industrial applications. Arun Ramchandani, senior vice president and head, L&T Precision Engineering and Systems, said new product lines are being explored. “We are really looking at product lines which could enhance or liberate
Blinkit, the quick commerce arm of Zomato, has now started delivering other Apple products like MacBook Air, iPad AirPods, Apple Watch and other accessories in 11 major cities. It has been delivering iPhones since 2022 when it hosted iPhone 14 and iPhone 14 Pro. In 2023, it tied up with Apple premium reseller Unicorn to
The Prime Minister’s Office (PMO) has received over 100 complaints from former Infosys employees seeking reinstatement and measures to prevent future mass dismissals. In response, the Union ministry of labour and employment has sent a second letter to Karnataka’s labour commissioner, urging intervention in the layoffs at Infosys’ Mysuru campus. The ministry has also directed
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
