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
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
China announces policy measures to shield exports from Trump’s tariff threat
China on Thursday, in response to US President-elect Donald Trump’s threat to increase tariffs on Chinese goods, announced new measures on Tuesday to support its export sector.Beijing aims to create a “good environment” for its exports and counter the “unreasonable foreign trade restrictions” imposed by the US.China’s commerce ministry, in
Raghu Vamsi group invests Rs 300 crore in integrated facility in Hyderabad
HYDERABAD: Raghu Vamsi Group, a Hyderabad-based manufacturer of high precision, life critical products for aerospace & defence, space, oil & gas and medical sectors, is investing Rs 300 crore in setting up a new facility spread over eight acres at Hardware Park near the Hyderabad international airport.To be spread over
Tata Power, ADB ink pact for $4.25-billion finance for key energy projects
Tata Power on Thursday said it has signed an initial pact with Asian Development Bank (ADB) to evaluate financing worth $ 4.25 billion for its several strategic projects. A memorandum of understanding has been signed with ADB at Baku, Azerbaijan, Tata Power said in a statement. “The MoU has been
Haryana chief secretary reviews status of nine infrastructure projects, ET Infra
CHANDIGARH: Haryana Chief Secretary Vivek Joshi on Thursday reviewed the progress of nine infrastructure projects currently underway in the state with an anticipated investment of Rs 58,274.05 crore. Reviewing the projects listed in the Project Monitoring Group (PMG) at a state-level meeting here, Joshi held detailed discussions with the concerned
India’s economic growth projected to accelerate in Q3 FY2025: ICRA report
NEW DELHI: India’s economic growth is expected to accelerate in the third quarter (October-December 2024) compared to the first half (April-September 2024) of the current financial year, according to a report by ICRA report. The projection is supported by improved economic indicators and strong sectoral performance, with preliminary November 2024