The rise of domestic leisure travel, helped by rising income levels, is helping the industry offset the sluggishness in business from foreign visitors
'We were taking the Starbucks experience from the store to the home.'
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
Having identified India as a key emerging market, Gucci is eyeing direct retail presence.
It has been voted as the best hotel in the world by Conde Nast Traveler magazine.
The actor turned showstopper to promote Liva Crme, a new age fabric from Aditya Birla Group.
While all champagnes are sparkling wines, not all sparkling wines are champagnes!, says Alok Chandra.
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
Optimistic buying in blue-chip stocks ahead of release of industrial production data for July and retail inflation for August drove stocks higher.
There are also talks of branded garments being put under the luxury tax slab, which could be higher than 18 per cent.
The National Pharmaceutical Pricing Authority has decided to have one price for basic utility condoms and the other for pleasure condoms.
Audi's 2015 sales were three per cent higher than its 2014 sales, which stood at 10,851 units.
Arvind Ltd would pay $3.2 million to Ralph Lauren to settle a lawsuit the US-based luxury fashion house filed in 2013.
The UK is the single largest market for Land Rover.
The company, which has been selling watches in India through distributors, said it has decided to set up its own subsidiary - Richemont India Pvt Ltd - here as a precursor to opening its exclusive stores.
German luxury car maker BMW on Tuesday launched its financing arm in India with an investment of $50 million (about Rs 230 crore) to serve the credit needs of retail customers, fleet owners and dealers.
With funds more readily available, Fitch expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short term.
HUL has achieved few milestones in the fiscal gone by and hence is performing good on revenues front.
The German luxury carmarker on Tuesday said it will invest $50 million (about Rs 230 crore) to set up a financial services subsidiary to better serve its customers besides industry as a whole.
Except for March, when BMW recorded unusually high sales, Mercedes sales were ahead in the other months.
Several malls and retailers downed shutters in the commercial capital city of Mumbai. Kishore Biyani's hypermarket chain Big Bazaar closed two stores its stores in Mumbai Central and Parel, which are half-an-hour's drive from South Mumbai.
Shashwat Goenka of the RP-Sanjiv Goenka group plans a high-decibel campaign around its young apparel brand 2Bme.
Salma Hayek has tied the knot with French magnate Francois-Henri Pinault in Paris on Valentime's Day.
'Last year, someone told us you must remove 's' otherwise you won't perform well and we didn't perform well.' 'Obviously, that's not the reason for not performing well, but it didn't hurt us to remove the 's'.'
Firestar Diamond, which on its website states that its operations span the US, Europe, the Middle East, the Far East and India, blamed liquidity and supply chain challenges.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
To lure health-conscious consumers, who prefer lower intake of sugar, Mondelez is launching a variant of its most sold product Dairy Milk bar with 30 per cent less sugar.
LVMH, which has brands like Christian Dior, Fendi, TAG Heuer and Dom Perignon in its stable, is planning to float a 1 billion private equity fund for emerging markets in Asia, of which 40-50 per cent will be dedicated to India.
Customised tailoring: How Raymond, Aditya Birla Group are luring customers with bespoke services to fit the bill.
Chaayos, Chai Point target the millennial. Tea retail brands are personalising the brew and the experience; hoping to carve a distinct identity for their labels.
Buoyed by the success of Louis Vuitton and Christian Dior among upper circuit Indian consumers, other French luxury lifestyle majors Estee Lauder Companies Inc and Jean Paul Gaultier have also announced plans to set shop in India.
This is the first market where the newest entrant to Mondelez's global chocolate portfolio will be launched, Siddharth Mukherjee, director, chocolate category & media, Mondelez India Foods Ltd, said in an exclusive conversation with Business Standard.
'Life has been my greatest teacher.'
The ED officer will carry the latest charge sheet filed by the agency against Modi's wife Ami and the recent attachments made by it in the case.
Check out some of the stocks that will react on the basis of their numbers in the near term.
BMW began its innings earlier with this year with the 3 Series executive sedan and the 7 Series luxury sedan. Beginning this month, BMW will start assembly of its fabled 5 Series premium executive sedans and retail operations as well.
