Uniqlo to boost sourcing from India for global markets
MUMBAI: Japanese retailer Uniqlo is increasing sourcing from India for global markets and is expanding production in the country, said Kenji Inoue, COO and CFO at Uniqlo India. “For our India stores, we are sourcing about 15.5% of our requirements locally but the share is higher for exports and the
JSW MG’s Windsor SUV pips Tata, Mahindra EVs
NEW DELHI: Is battery rental model, which allows customers easier affordability by paying only for a car, with battery costs being paid as monthly EMIs, working for electric cars? JSW MG’s Windsor, the first electric car to come with ‘battery as a service’ (BAAS) model, was the largest selling green
Sebi: No security deposits needed for public issues
NEW DELHI: Markets regulator Sebi on Thursday abolished the requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing business for issuer companies.The move will be applicable with immediate effect, the Securities and Exchange Board of India (Sebi) said
Ola Electric to lay off 500 staff in restructuring drive
MUMBAI: Less than four months after Ola Electric got listed on the bourses, it is laying off 500 employees as part of a restructuring exercise, sources told TOI. Employees across departments will be impacted by the move, which is being undertaken as part of the firm’s broader attempt to check
Report: 93% Indian executives see rise in cyber budget next year
NEW DELHI: As much as 93% of Indian executives surveyed anticipate a rise in their cybersecurity budget next year, with 17% planning to raise their budgets by 15% or more, according to PwC India Digital Trust Insights 2025. Further, 42% of Indian business leaders are prioritising data protection and remediation
Equity investors lose Rs 5.27 lakh crore as domestic markets slump
Investor wealth tumbled by Rs 5.27 lakh crore on Thursday as markets witnessed a sharp decline, aligning with the fall in Adani Group stocks. The benchmark BSE Sensex dropped 422.59 points, or 0.54 per cent, to close at 77,155.79 after plunging 775.65 points, or 0.99 per cent, earlier in the
Gold prices surge Rs 1,400 to Rs 79,300 per 10 grams
NEW DELHI: Gold prices on Thursday surged Rs 1,400, reaching Rs 79,300 per 10 grams in New Delhi, majorly due to increased buying from jewellers and retailers, as reported by the All India Sarafa Association. The 99.9 per cent pure metal had previously closed at Rs 77,900 per 10 grams
Sebi removes 1% security deposit requirement for public issues
NEW DELHI: The Securities and Exchange Board of India (Sebi) on Thursday issued a circular scraping the mandatory security deposit requirement with exchanges for public issues effective immediately. The market regulator said that this will help companies to streamline business operations for companies. “In order to facilitate ease of doing
Alibaba combines e-commerce arms to tackle growing competition
Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a stock exchange filing on Thursday. The Alibaba E-commerce Business Group, as the unit will be called, brings together the Taobao and
NTPC Green IPO subscribed 93% on second day of offer
NTPC Green’s IPO was subscribed 93 per cent on the second day of bidding on Thursday, receiving bids for 54,96,35,370 shares against 59,31,67,575 shares on offer, according to the NSE data.The portion reserved for retail individual investors (RIIs) was subscribed 2.38 times, while the qualified institutional buyers (QIBs) segment saw