The proposed removal of the Angel tax, specifically the revision of Section 56 of the IT Act, represents a major advancement for domestic companies and investors. Initially introduced to prevent value manipulation among resident taxpayers, the tax was later extended to non-residents, raising significant concerns within the industry. Angel tax, as outlined in Section 56(2)(viib) …
Imagine purchasing from your favourite fashion brands through a rapid delivery service like Blinkit. Many fashion brands are now exploring quick commerce options. Sidhant Keshwani, founder and CEO of Libas, revealed in an interview that they are poised to make a significant move by testing out Blinkit’s fast delivery platform. They plan to launch the …
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Luxury brands such as Christian Dior Couture, CHANEL, Gucci, Burberry, Versace, Louis Vuitton, HUGO BOSS are embodying the principle of engaging directly with their consumers where they reside. This strategy also reflects the concentrated nature of luxury consumption in India. Interestingly, the CEO of Bvlgari notes that only 40% of luxury consumption in India originates …
By 2028, nearly one-third of food outlets in India are expected to be quick-service restaurants (QSRs), with their market share increasing from 19% in 2018 to an anticipated 29%, according to market Intelligence firm 1Lattice. In contrast, other restaurant formats such as casual dining, frozen dessert/ice cream, pubs, bars, cafés, lounges (PBCL), and fine dining …
Unlocking Opportunities: IndianGarmentExport Potential to Japan, AEPC Emphasizes The AEPC highlighted the significant export potential of Indian clothing businesses to Japan, urging the domestic industry to fully utilize the bilateral FTA. AEPC plans to lead a delegation to the India Tex Trend Fair in Tokyo started from July 23, featuring over 200 exhibitors including prominent …
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The Government of West Bengal has pledged ₹10,000 crore towards the expansion of the CALCUTTA LEATHER COMPLEX LTD., a move expected to create 250,000 new jobs. This substantial investment aims to elevate total employment in the sector to an impressive 750,000 positions. Key Benefits: 🔸 Employment Boost: This investment will open up numerous opportunities, significantly …
Reliance Revives Banned Chinese Brand in India: The Shein Comeback Story Reliance Industries Limited decided to reintroduce this Chinese brand in India represents a significant strategic move that could potentially reshape the Indian fashion market. Partnering with SHEIN, Reliance aims to leverage the brand’s strengths in speed, efficiency, and deep consumer insights. This collaboration has …
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Myntra Delves into Gifting: Over 70,000 Options Spanning Multiple Categories…. As India prepares for the upcoming festive season, Myntra is expanding its presence in the gifting sector with a diverse selection exceeding 70,000 options. The online fashion retailer, owned by Walmart, highlighted that India’s gifting culture extends beyond traditional festivals to include occasions such as …
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Dabur India Limited is committed to reducing the amount of added sugars in its beverages! In the latest phase of its sugar reduction program, Dabur plans to lower added sugars by an average of 3% across two-thirds of its beverage range. Since 2019, the company has been progressively reformulating its Real fruit juices, achieving notable …
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Every year, August 7 is observed as National Handloom Day to highlight and celebrate the rich legacy of hand-woven fabrics and weaves India is renowned for. The making of a handloom product involves numerous hands, directly and indirectly. Onset Homes, spearheaded by the dynamic Neha Jhunjhunwala has launched its very special Hand-woven Collection of soft furnishings, ‘Woven with Love’. From traditional …
