Market News
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India's diamond export pain is hiding a brighter story at home
India's diamond exports have declined over recent financial years. Retail giants are increasing investments in both natural and lab-grown diamonds. This domestic focus targets a growing demand from younger Indian consumers. Retailers are expanding offerings to cater to evolving preferences for lightweight jewelry. Natural diamonds continue to hold a significant position in premium portfolios.
Emirates to deploy A380 on Delhi route from October; expands Premium Economy to 6 Indian cities
Emirates will introduce its A380 aircraft on the Dubai-Delhi route starting October 25. This move expands the airline's double-decker service to a third Indian city. Premium Economy will also become available on six Indian destinations by month's end. The airline cites strong demand as a reason for these network enhancements. Emirates is also opening new retail travel stores and a call centre in India.
INR appreciates on improved market sentiment
The Indian rupee appreciated 15 paise to 95.28 against the US dollar in early trade on Tuesday on improved market sentiment after reports that Saudi Arabia has slashed August crude oil prices for Asia amid easing of geopolitical tensions in the Middle East. Lower Middle East risk premium and higher traffic from the Strait of Hormuz kept the oil prices lower. At the interbank foreign exchange market the rupee opened at 95.33 and later touched 95.28 against the American currency, registering a gain of 15 paise from its previous close. Yesterday, rupee depreciated 20 paise to close at 95.43 against the US dollar, as a strengthening greenback weighed on emerging market currencies. Meanwhile, local markets are extending gains amid strong quarterly updates from banking heavyweights like HDFC Bank, favorable monsoon progress, and steady foreign institutional buying. The BSE Sensex was trading at 78,374.76, up by 89.69 points (0.11%), while the NSE Nifty 50 was up 38.90 points (0.16%) at ..
Victorinox bets bigger on India with exclusive stores, e-commerce push
The Swiss brand unveiled its India Vision 2030 roadmap, targeting five exclusive stores by 2028, a dedicated e-commerce platform and wider retail expansion as it seeks to tap rising demand for premium watches and lifestyle products.
Mother Sparsh sees up to 40% growth as baby-care boom defies consumer slowdown
Mother Sparsh anticipates a robust 30-40% revenue surge this year, defying broader consumption slowdowns. Indian parents are prioritizing their babies' health and well-being, investing in premium, 'no nasties' products. Leveraging ITC's extensive distribution, the brand aims to expand its reach beyond online channels into smaller cities, tapping into a growing demand for trusted, scientifically-backed baby care solutions.
Crazy Snacks IPO Listing: Shares rally 10% after debuting at 5% premium from issue price despite muted GMP
Crazy Snacks shares debuted at ₹44 on July 3, rising 10% to ₹46.20 post-listing. The IPO was oversubscribed 1.20 times, with retail investors at 1.24 times. The company plans to utilize proceeds for capital expenditure and paying down debt.
Tata Sierra EV launch today: Check price, features, battery options and other key features
Tata Motors is launching the highly anticipated Sierra EV today, June 30, in an all-new electric avatar. Teasers reveal a potential driving range exceeding 500 km, a modern cabin with a Boost Mode, and multiple terrain capabilities including Sand Mode. The SUV will offer all-wheel-drive options and is expected to be packed with premium features, rivaling upcoming electric SUVs in the Indian market.
HDFC Life reports 12 per cent premium growth in FY26, retail protection business rises 43 per cent
HDFC Life Insurance reported a robust 12% year-on-year growth in total premium for FY26, with its retail protection business soaring by 43%. The insurer solidified its position among the top three, achieving a 10.8% new business market share. Profit after tax reached Rs 1,910 crore, and assets under management grew to Rs 3.75 lakh crore.
Assembly Luggage: Redefining Premium Travel, Designed in India
Assembly is redefining premium travel gear by designing in India for practical Indian travel realities. Catering to over 103,000 travellers, their durable, stylish luggage, from trolleys to backpacks, meets strict cabin limits and family travel needs. Achieving accessible pricing by selling direct, Assembly offers world-class, homegrown travel solutions, with plans for further retail expansion.
Jyothy Labs to expand Exo into broader dishwash franchise after Henkel brands exit portfolio
Jyothy Labs is strategically expanding its Exo dishwash brand into a comprehensive franchise following Henkel's exit from Pril and Fa licensing in India. The company remains cautiously optimistic about FY27 growth, focusing on premium products, innovation, and wider distribution despite inflationary pressures. New Exo variants are showing promising consumer response, aiming to boost sales and market share.
Liotech Industries IPO Day 1: Issue subscribed 8% so far. Check GMP, key details.
Liotech Industries IPO runs from June 17 to June 19, priced at ₹321 per share. Investors can apply for a minimum of 800 shares. The issue is 50% for retail and 50% for non-institutional investors, with an estimated listing price of ₹372 due to grey market premium.
Foodstories raises ₹50 crore from Nikhil Kamath as premium food retail bets gain traction
Foodstories raises ₹50 crore from Nikhil Kamath and Narotam Sekhsaria Family Office to expand premium food retail and digital business across Indian cities