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French luxury group Kering has agreed to sell its beauty division, including the high-end perfume brand Creed, to L’Oreal for $4.6 billion. The move marks a major step for Kering as it looks to tackle its growing debt.Under the agreement announced on Sunday, L’Oreal will also secure 50-year exclusive licences to make and sell beauty…
NEW DELHI: The ongoing trade negotiations between the EU and India, and New Delhi’s openness to deepening economic partnerships, reinforce confidence that there is significant scope for long-term cooperation, a top European Investment Bank (EIB) official has said but called for accelerating approvals and providing a level-playing field for global investors.“Despite the current geopolitical uncertainties…
MUMBAI: RBL Bank aims to become one of India’s large banks within three to five years, leveraging a strategic tie-up with UAE based Emirates NBD, its managing director and chief executive R Subramaniakumar said.The foreign lender will invest around $3 billion through a preferential-issue to acquire a 60% stake, triggering an open-offer under regulatory guidelines.Subramaniakumar…
Wall Street week ahead: US stock markets are showing signs of shakiness as investors prepare for a week packed with corporate earnings and delayed inflation data. According to a Reuters report, major companies such as Tesla and Netflix are expected to provide a clearer picture of corporate profits, while the delayed September Consumer Price Index…
The Indian equity markets extended their winning streak on Friday, buoyed by foreign inflows, easing US bond yields, a stronger rupee, and festive optimism. Investors now head into a holiday-shortened week keeping an eye on global trends, foreign fund movements, and quarterly earnings, analysts said. Stock market overview The S&P BSE Sensex surged 484.53 points…
As the festive season of Diwali approaches, banks across India are set to remain closed for multiple days in October 2025. Known as the festival of lights, Diwali is not just a one-day celebration. In many states, it spans several days, with each day holding its own cultural and regional significance.This year, the festive week…
The Indian primary market has raised $14 billion through IPOs in CYTD25, down from $19 billion in 2024, Kotak Institutional Equities said in a report.So far, 80 companies have listed this year, compared with 91 in 2024, while offer-for-sale (OFS) deals accounted for $5.2 billion and fresh capital raises totalled $8.5 billion of the roughly…
The department of pension & pensioners’ welfare (DoPPW) will launch its 4th nationwide Digital Life Certificate (DLC) campaign from November 1 to 30, 2025, covering nearly 2,000 districts and sub-divisional headquarters across India. The initiative aims to help pensioners submit their life certificates easily to ensure uninterrupted pension disbursal, reported ET. Digital Life Certificate (Jeevan…
Dhanteras shines: India’s jewellery markets sparkled this Dhanteras, as robust festive demand pushed nationwide sales to an estimated Rs 85,000 crore over two days, according to the All India Gem and Jewellery Domestic Council (GJC).“Across India, approximately 50 to 60 tonnes of jewellery were sold over the two days of Dhanteras, amounting to nearly Rs…
The EPFO is a cornerstone of long-term social security for millions of organised sector workers. Its latest reforms reflect a fine balance between liberal & simplified withdrawal options for various needs with a decent corpus at the time of retirement, enhancing financial security and ease of living. Here’s a look at the key changes recently…
