Mumbai: Japanese retailer Uniqlo plans to double local sourcing from India, a market which it said is key to the brand’s growth trajectory. Expanding local sourcing from the current 15%-16% to 30% in the coming years is the target, said Kenji Inoue, CFO and COO at Uniqlo India which is scouting for more local suppliers….
File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump on Tuesday threatened sweeping new trade measure against countries that impose digital taxes and related rules targeting American technology giants while giving a “complete pass” to Chinese tech companies.In a post on Truth Social, Trump warned that “discriminatory” policies would be met…
Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Sun Pharma, and Bharti Airtel are the top stocks to buy today:Sun Pharma – Buy in the range between Rs 1652 & Rs 1665; Stop Loss: Rs 1616; Target: Rs 1720Sun…
Mumbai: Sajith Sivanandan will take over as CEO of Tata Digital (TD) in Sept, succeeding Naveen Tahilyani, who vacated the position in May this year. Sivanandan will be the third CEO of TD since the e-commerce venture was launched by the Tata Group six years ago. Currently on a break, he left his previous employer,…
New Delhi: Telecom department is not contemplating providing any relief to Vodafone Idea with regard to adjusted gross revenue, minister of state for communications Chandra Sekhar Pemmasani said on Monday.“We have recently converted a lot of their debt into equity. Govt has done whatever we thought we could do. At this time, we do not…
Bengaluru: The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding, has approached the Karnataka high court to enforce an arbitral award of $235 million (about Rs 2,060 crore) against Byju Raveendran and his investment vehicle, Byju’s Investments (BIPL). The claim includes interest of 4% per annum, compounding daily from Feb 28, 2024, which now…
Mumbai: RBI governor Sanjay Malhotra said the central bank is prepared to cushion the economy from the fallout of the US move to impose a 50% tariff on Indian exports, while also underlining efforts to push trade in local currencies as part of the internationalisation of the rupee.“RBI has always been very proactive in whatever…
Managing money across borders can be tricky for non-resident Indians (NRIs), especially since they are not allowed to open regular savings accounts in India. To meet their unique needs, banks offer two specialised options — the Non-Resident External (NRE) account and the Non-Resident Ordinary (NRO) account. While both accounts can be held simultaneously, their purpose…
India’s inflation index is set for its biggest makeover in years, with the government preparing to pull price data straight from e-commerce platforms such as Amazon and Walmart-owned Flipkart. The plan marks a decisive shift in how retail inflation will be measured — bringing online shopping, streaming services and digital airfares into the equation.Officials say…
The Pension Fund Regulatory and Development Authority (PFRDA) is aiming to bring 50 lakh beneficiaries of the PM SVANidhi scheme under the Atal Pension Yojana (APY), chairman S Ramann said on Monday.The PM SVANidhi micro-credit scheme, launched by the government on June 1, 2020, offers collateral-free loans of up to Rs 50,000 to eligible street…
