Business

[ad_1] Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly values Medik8 at around 1 billion Euro, according to a source familiar with the matter. Inflexion will retain a minority share, while L’Oreal has secured the option to eventually buy out all remaining shareholders, Reuters reported.“We are delighted to welcome Medik8 to the L’Oréal family. As a premium skincare range, with high levels of proven efficacy at an accessible price point, Medik8 perfectly complements our existing skincare portfolio,” Cyril Chaupuy, president of L’oreal Luxe said.“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium […]

[ad_1] India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable progress under the Narendra Modi government has come despite the World Bank raising its poverty threshold to $3 per person per day from $2.15 per person per day earlier.Incidentally, India’s huge reduction in extreme poverty comes at a time when globally there has been an increase in the number of people below the poverty line. According to a government fact sheet, India has emerged a statistical outlier in the positive direction.The latest data is being seen as a boost in the government’s economic growth […]

[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]

[ad_1] China’s export growth lost momentum in May, rising 4.8% year-on-year, a sharp slowdown from the 8.1% surge recorded in April, as per the customs data released on Monday.The deceleration came amid a sharp drop in shipments to the United States, down 35% year-on-year, as tensions between the two economic giants continued to cloud trade prospects.The figures were released just hours ahead of another round of US-China trade negotiations scheduled for later in the day, in London. These talks come after a phone call between US President Donald Trump and Chinese President Xi Jinping last week. Zichun Huang of Capital Economics anticipated exports growth to revive in June, thanks to a 90-day suspension on most of the tariffs the two countries have imposed on each other.China’s imports also fell in May, down 3.4% year-on-year, leaving the country with a trade […]

[ad_1] Automaking giant Tata Motors is planning massive investment plans for the future, earmarking Rs 33,000 crore to Rs 35,000 crore for FY 26-30 on product actions. The Mumbai-headquartered company is targeting 30 product actions, including the launch of seven new models, as it looks to sharpen its competitive edge in India’s fast-evolving passenger vehicle (PV) market.As part of its long-term strategy, the automaker aims to secure a 16% market share, including electric vehicles (EVs), by FY27, rising to 18–20% over the next few years. Tata Motors expects the domestic PV industry to hit annual sales of 60 lakh units by 2030 and is positioning itself to ride that wave with a refreshed and expansive portfolio.“Looking ahead, we will strengthen our portfolio by FY30...7 new nameplates and 23 product refreshes will holistically enhance the portfolio,” the company told analysts in […]

[ad_1] The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of strong performance, with volumes rising by 8% in FY23, 10% in FY24 and 11% in FY25.A key factor behind this growth is the Reserve Bank of India’s cumulative 100 basis points rate cut since February 2025, including a 50 bps reduction last week, which is anticipated to make vehicle loans more affordable and spur demand.“The cumulative 100 bps rate cut by the RBI since February 2025, with the recent 50 bps rate cut announced last week, is expected to enhance affordability and boost demand” […]

[ad_1] Shein's initial strategy involves featuring Indian-manufactured clothing on their US and British e-commerce platforms. (AI image) Shein, in collaboration with Reliance Retail, aims to significantly broaden Indian manufacturing network and start international sales of Shein-branded apparel produced in India within six to 12 months. The e-commerce company, which originated in China but is now based in Singapore, had initiated discussions with the Indian retail giant before the United States implemented tariffs on Chinese imports. These tariffs subsequently heightened the urgency to diversify production sources. The partnership intends to increase the number of Indian suppliers to 1,000 from the current 150 over the next year, sources told Reuters.Shein offers affordable clothing, including $5 dresses and $10 jeans, directly shipping from 7,000 Chinese suppliers to consumers across 150 countries. Their primary market remains the United States, where they are adapting to […]

[ad_1] Oil prices remained steady on Monday following last week's gains, as markets awaited the outcome of renewed US-China trade negotiations in London. Brent remained above $66 per barrel following a 4% increase last week, with West Texas Intermediate hovering near $65.US and Chinese negotiators are scheduled to meet in London on Monday for the first round of talks under the revived economic and trade consultation mechanism, raising hopes of easing tensions between the world’s two largest economies.The announcement came after a rare phone call between the two nations' top leaders on Thursday, as both sides face growing pressure to ease tensions—especially amid China’s export curbs on rare earths disrupting global supply chains."The meeting should go very well," US President Donald Trump wrote on Truth Social on Friday afternoon. "Thank you for your attention to this matter!" he added.Oil prices […]

[ad_1] GE is also working to speed up delivery of F-404 jet engines to India’s Hindustan Aeronautics. (File photo of Tejas) IAF’s fifth-generation stealth fighter project: US’ General Electric (GE) has said that it is ‘very interested’ in making engines for India’s fifth-generation stealth fighter project. It will compete to manufacture engines for the Indian Air Force's fifth-generation stealth fighter and advanced medium combat aircraft, GE chairman and CEO Larry Culp said. The aerospace giant views India as a key strategic market for both civilian and military aerospace operations, according to Culp.GE is also working to speed up delivery of F-404 jet engines to India’s Hindustan Aeronautics (HAL). GE says it has accelerated the supply of jet engines to HAL for the Tejas Mark-1A fighter programme, which has experienced significant delays. The company delivered its first F-404 engine from a […]

[ad_1] Gold price prediction: Last week, Gold climbed to a near four-week high, while silver surged past ₹1 lakh on the domestic front. (AI image) Gold price prediction today: Gold rates have seen major fluctuations over the last few weeks, ever since the yellow metal prices hit a lifetime high. Gold is seen as a safe haven investment in times of turmoil and uncertainty. The rapidly evolving geopolitical and trade situations have kept gold investors guessing on the direction of gold prices. So, what is the gold rate prediction for this week and what should investors do? Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold prices and strategy for gold investors:Last week, Gold climbed to a near four-week high, while silver surged past ₹1 lakh on the domestic front, driven by […]