Lenskart IPO opens Oct 31: Eyemaker gears up for Dalal Street debut; eyes raising Rs 2,150 crore through fresh issue

Lenskart is gearing up for a landmark moment as the eyewear brand heads to Dalal Street later this week with its much-awaited initial public offering (IPO).The issue will open for public subscription on October 31 and remain available until November 4, with the anchor investor round set for October 30, ET reported.The company intends to…

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Festive sales: Premium gadgets dominate shopping bags after GST cuts; easy credit drives expensive purchases

This Diwali, consumers have shown growing enthusiasm for premium electronics, spending on costlier smartphones, large-screen TVs, and high-end home appliances. From Navratri through the festival of lights, sales of smartphones priced above Rs 30,000 reached an all-time high, while 43-inch televisions surpassed the long-favourite 32-inch models for the first time, according to industry analysts and…

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US-China trade talks: Scott Bessent says ‘substantial framework’ reached; 100% tariffs, rare earth export clash averted

File photo: US treasury secretary Scott Bessent US treasury secretary Scott Bessent said on Sunday that Washington and Beijing have reached a “very substantial framework” that would prevent the US from imposing 100% tariffs on Chinese goods and allow for a deferral of China’s rare earths export controls, as per news agency Reuters. The development…

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Leadership shake-up: 62% of India’s manufacturing sector exec hires are external; CEO, MD roles see biggest churn

A majority of executive-level appointments in India’s manufacturing sector over the past year were external hires, reflecting companies’ preference to bring in fresh leadership rather than promote from within, a report by CIEL HR Services revealed.The analysis, based on a combination of publicly available sources including professional networking platforms, press releases and verified databases, found…

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Income Tax department doubts Rs 10 lakh gift – brother gets tax notice for cash received from sisters; how he appealed & won the case

The brother’s success in the case stemmed from providing comprehensive documentary proof. (AI image) Gifts received from relatives and friends can sometimes land you in the income tax net. One such case was of a Mr. Maheshwari from Agra, who had to prove the genuineness of Rs 10 lakh received as cash from his sisters.According…

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Festive spirits surge: Alcoholic beverage market upbeat as season boosts sales; industry expects 10–20% rise Q4

India’s alcoholic beverage industry has seen strong sales during the festive season, with the premium spirits category driving growth, and expects an upswing of 10-20 per cent in the October-December period.As per news agency PTI, Radico Khaitan COO Amar Sinha said, “We have witnessed a highly encouraging festive season, with strong uptake across our premium…

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India-Asean ties: Malaysia backs swift trade pact with New Delhi; calls partnership a ‘force for stability’

File photo: Malaysian PM Anwar Ibrahim and PM Modi Malaysian Prime Minister Anwar Ibrahim on Sunday said that Asean’s partnership with India continues to be a “force for stability and mutual prosperity”, as both sides push to finalise the Asean–India Trade in Goods Agreement (AITIGA) by the end of this year.Speaking at the India–Asean annual…

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