Ashok Vaswani assumes charge as Kotak Bank’s MD and CEO
Mumbai: Ashok Vaswani on Monday took over as the managing director (MD) and CEO of Kotak Mahindra Bank, succeeding Dipak Gupta, who served as interim MD and CEO after founder …
Barclays
Under pressure from Shein, H&M reaches for upmarket shoppers
By Reuters API Published Dec 16, 2023 During Paris Fashion Week, pop icon Cher, Swedish singer Robyn and South Korean DJ Peggy Gou performed at Silencio nightclub to a crowd …
Luxury slowdown prompts fears of inventory pile-up over key holiday season
By Reuters API Published Dec 14, 2023 Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern that a lacklustre Christmas …
Wall Street: Wall Street gets ready to cash in on $1-trillion climate market
As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves …
G-III Apparel returns to profit; recruits first-ever chief growth, operations officer
G-III Apparel announced on Tuesday net sales for the third quarter ended October 31 decreased 1% to $1.07 billion, adding the U.S. firm has appointed Dana Perlman as its first-ever chief growth …
India’s economic growth: Barclays, Citi raise India’s growth closer to 7% after GDP beat
Economists raised their full-year projections for India’s economy sharply after data on Thursday showed growth outperformed last quarter, fueled by a manufacturing boom. Barclays Plc and Citigroup Inc. predict the …
Goods demand fades, services holds out hope
The pent-up demand fuelled by pandemic time savings is beginning to peter out for goods, but may last for some more time for services, say economists. Overall consumer demand is …
US consumer spending exits third quarter on strong note; monthly core inflation rises
By Reuters Published Oct 27, 2023 U.S. consumer spending surged in September as households boosted purchases of motor vehicles and traveled, keeping spending on a higher growth path heading into …
Moncler sales seen rising despite luxury concerns, warmer weather
By Reuters API Published Oct 25, 2023 Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer …
L’Oreal sales up despite muted recovery in China
By Reuters API Published Oct 19, 2023 Third quarter sales at L’Oreal rose 11.1%, led by growth in Europe and the United States but missing expectations for a strong rebound …