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FRAI urges govt to intensify crackdown on counterfeit products, illicit trade
Retailers are urging the government to intensify efforts against illegal trade and fake products, citing risks to consumer safety and the livelihoods of small businesses. The Federation of Retailers Association of India (FRAI) has called for stricter enforcement, tougher penalties, and greater accountability from online marketplaces. They highlighted a significant rise in counterfeit goods across various sectors, impacting fair competition and consumer trust.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Lenskart shares in focus as Goldman Sachs, Morgan Stanley, others purchase stake in Rs 1.960 crore block deal
Lenskart Solutions saw significant stake activity as marquee investors bought Rs 1,960 crore in a block deal, with Platinum Jasmine A 2018 Trust paring its holding. Despite recent exits, brokerages remain optimistic about Lenskart's long-term growth, citing its integrated model and international expansion.
Goldman Sachs, Morgan Stanley and others buy stake in Rs 1,960 crore Lenskart block deal
ADIA-backed Platinum Jasmine A 2018 Trust sold a 2.3% stake in Lenskart through a Rs 1,960 crore block deal. The transaction attracted strong participation from mutual funds, insurers and foreign investors, reflecting continued confidence in the eyewear retailer’s growth prospects.
After SoftBank, ADIA plans over $200 million Lenskart sell-down
Platinum Jasmine A 2018 Trust, an investment vehicle of the Abu Dhabi Investment Authority, is offering up to 40 million shares, representing approximately 2.3% of Lenskart's outstanding equity.
Digital payments, mobile economy have significant room for expansion; no slowdown in transaction growth: Paytm CEO
India's digital economy is set for major growth. Technological innovation and increasing consumer trust will drive expansion. Artificial intelligence will accelerate this progress. Digital payments and mobile transactions are expected to see a significant increase. Indian consumers are rewarding strong products and innovation. The nation's economy remains resilient due to domestic consumption.
How AI is changing the way people discover and buy products online
Artificial intelligence is transforming online shopping. It now influences how people find and compare products before visiting websites. This means brands must make their product information easily understandable by AI. Consumer trust in reviews and human opinions remains crucial. India is seeing this gradual shift in shopping habits. The future of AI commerce depends on robust transaction infrastructure.
China uses West Asia conflict to advance yuan's global payments debut
Beijing challenges US financial dominance across currency, messaging and settlement systems; even if Iran sanctions ease and dollar trust recovers, the yuan push will persist for future crises