Search result for 'luxury goods'

India's oil demand to surge by 1 million barrels per day by 2030, driven by economic growth, outpacing other countries, says IEA.

Former UCO Bank CMD Subodh Kumar Goel arrested by ED in money laundering case linked to Rs 6,200 crore loan fraud by Concast Steel and Power Ltd.

Crown Worldwide Group introduces a custom-bonded warehousing service in India, offering duty-free, secure storage for high-value imported goods, streamlining import-export operations and providing...

India introduces 1% Tax Collected at Source (TCS) on luxury goods priced over Rs 10 lakh, effective April 22, 2025. The move aims to monitor high-value spending and enhance transparency in the...

India and the EU are working to resolve outstanding issues in their proposed free trade agreement, aiming for an early conclusion. Talks are progressing well, with both sides prioritizing trade...

boAt co-founder Aman Gupta backs Commerce Minister Piyush Goyal's push for Indian startups to prioritize deep tech innovation over consumer-focused ventures. Gupta, echoing Goyal's call, highlights...

Experts call for luxury goods industry to adopt environment-friendly practices to address climate change. Sustainability is seen as the future of high-end businesses, with long-term benefits for...

The GST Council has formed a GoM to examine states' demand for a special cess levied in case of natural disasters. The GoM will assess the feasibility and framework for such a cess.

India's diamond sector gets a boost with the new Diamond Imprest Authorisation scheme, aimed at reviving exports and creating jobs. The scheme will be implemented from April 1, 2024.

JSW MG Motor India unveils two new electric car models, the MG Cyberster and MG M9, aiming to expand its EV portfolio and contribute to India's EV adoption goals.

Hero MotoCorp CEO urges for GST reduction on two-wheelers up to 125 cc, citing their importance for mobility and employment generation in India. Learn more about the industry's wishlist for the...

India's tax landscape to focus on simplification in 2025, with GST rate rationalization, I-T law review, and improved compliance for individuals and businesses.

The GST Council will form a group of ministers to examine Andhra Pradesh's request for a 1% calamity cess on luxury goods to recover from recent floods. The cess is intended to help the state...

The GST Council is set to discuss rate changes on insurance premiums, luxury items like watches and shoes, and a potential new 35% tax slab for sin goods. The meeting will also deliberate on...

India's GST Council may hike taxes on sin goods like cigarettes, tobacco, and aerated beverages to 35% on Dec 21. The decision comes after a GoM recommendation for rate rationalization.

Organised apparel retailers in India are expected to see 8-10% revenue growth in FY25, driven by festive season, weddings, and fast fashion. Read more.

India's diamond industry faces severe crisis with factory closures, job losses, and rising competition from lab-grown diamonds. GTRI highlights challenges and suggests solutions.

A Group of Ministers (GoM) will be convened by Union Minister of State for Finance Pankaj Chaudhary to decide on the future of GST compensation cess, apportionment between Centre and states, and...

EU-India relations are on an upward trajectory with a growing economic footprint, driven by ongoing FTA negotiations. The Federation of European Business in India (FEBI) has been established to...

Malabar Gold & Diamonds, Titan, Kalyan Jewellers and more Indian brands make the global top 100 luxury goods list. Learn about their ranking and the growth of India's luxury market.

Exploring the potential of alternative crops like dandelions and guayule to replace traditional rubber and fight climate change. Will these new crops be realistic options for US agriculture?

Burberry's share price dropped significantly after the luxury brand warned of lower profits due to weakened demand, particularly in the Americas, during the crucial Christmas shopping season.

Reliance Retail will acquire Arvind Fashions' beauty retail business, including Sephora stores, in a deal that will expand Sephora's presence in India. The move reflects the growing Indian beauty...