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ZARA TAX INCREASE
Zara posts weakest India performance since pandemic yearsInditex Trent Retail India saw its weakest performance since pandemic years. Revenue fell, and profit dropped significantly. This highlight...- Shopping malls investment: Up to 20% appreciation in these retail mall rentals in Delhi NCR & Mumbai; what retail commercial property investors should knowRetail rental yields in Delhi NCR and Mumbai's Grade A and A+ malls have seen significant appreciation, with Mumbai recording 15-20% year-o...
- India's economy resilient amid external shocks, says SitharamanIndia's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highlighted that external factors are caus...
- Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FMIndia's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the governme...
- Zara, Levi’s, Lacoste among global fashion brands that may be hit by new GST ratesIndia's tax overhaul is set to reduce prices on various goods, but global fashion brands face higher levies on apparel exceeding $29. This ...
- GST 2.0: Biggest gainers and losers of the new tax regimeIndia has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The c...
- Deep discounts persist across categories as brands struggle with high inventory & subdued demandDiscounts across apparel, footwear, and household products are soaring to clear high unsold inventory amid subdued demand and delayed winte...
- Bangladesh puts its eggs in one economic basket. Now, a reckoning.Bangladesh struggles to combat steep inflation and joblessness that economists say are largely the result of poor policy decisions. Her inc...
- Once rebuffed, a Chinese company finds the Ambani route to IndiaIt seems a safe India entry for Shein because this time the ownership and control of the platform will remain with Reliance Retail's subsid...
- Companies find it's not so simple to leave Russia; some quietly stay putCompanies that expressed intentions to leave Russia after it invaded Ukraine are finding the process far more difficult than they had initi...
- How is post Covid recovery panning out for Trent?Trent has recently become quite aggressive in its retail growth plans, which has also helped the firm in driving excellent financial perfor...
- Zara owner Inditex closes Russian stores and online platformThe Zara owner is following some of the biggest western brands which have suspended operations in Russia, including its main rival H&M, fol...
- Reliance Retail close to signing up as Gap Franchisee in IndiaArvind Fashions failed to turn Gap's business in India profitable even after closing and pruning store sizes and increasing local sourcing ...
- Zara profit jumps 45.5% to Rs 104 cr in FY20, revenue up 9.2% to Rs 1,570.54 croreZara had 22 stores operational in 12 cities as on March 31, 2020
- Fashion retailer Zara FY'19 profit dips 13.4% in IndiaInditex Trent Retail India Private Ltd (ITRIPL), an association of Tata group's retail arm Trent, which is engaged in operation of Zara sto...
- Pre-GST bonanza eats into July numbers as fashion sales drop 20 per centEven though taxes on branded garments costing more than Rs 1,000 were raised from 5% to 12% after GST, retailers say they still haven’t inc...
- Zara crosses Rs 1K-crore mark despite competitionInditex Trent has replicated a globally successful model in India -creating affordable copies of the latest fashion or designer wear in dou...
- GST blues: Millennials, get ready for a tougher life after July 1If you are a millennial, you may rejoice because millennials are all for reforms, etc. But the ground reality is that the GST is going to b...
- Maharashtra may waive stamp duty for small homesState may do away with the levy for houses with an area of less than 250 sq ft and offer concessional rates for residences up to 450 sq ft.
- Spanish investment in India increases by 500%Spain, which has a strong industrial base in the automotive and infrastructure sectors has witnessed a five-fold increase in its investment...
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