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The Latest Breaking News from ET Online

Indian jewellers may earn up to 1% incentive under revamped Gold Monetisation Scheme: IBJA

Indian jewellers could earn an additional 0.75%-1% commission under a revamped Gold Monetisation Scheme (GMS) proposed by the India Bullion and Jewellers Association (IBJA). Under the proposal, jewellers would collect customers' old gold, pass it to refiners and receive a direct incentive, encouraging them to actively promote the scheme.

The Economic Times

India's big billion-dollar trade deals are done. Now comes the real test

India has spent years negotiating free trade agreements with some of the world's biggest economies. But signing the deals was only half the battle. The bigger challenge now is helping Indian businesses turn preferential market access into exports, investments, manufacturing growth and global competitiveness.

The Economic Times

India’s gold headache far from cured after 60 days of breather

India's gold jewellery demand is rebounding after a weak first half hit by soaring prices, higher import duties and Adhik Maas. Retailers report stronger footfall, wedding demand and rising festive bookings, while old gold exchanges have surged.

The Economic Times

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India ready for a premium wealth show while US missiles rattle the world

India's festive shopping season is set to highlight the country's premiumisation boom despite global uncertainty triggered by the US-Iran war. Economists and industry executives say resilient consumer demand, rising household wealth and a rapidly expanding affluent class are driving spending on premium products, from smartphones and luxury homes to automobiles…

The Economic Times

Scotch at a discount post UK FTA is only half the story for India's whisky market

India's import duties on Scotch whisky and gin have been halved by a new trade agreement. This change is expected to gradually lower prices for imported premium spirits over time. Indian distillers anticipate improved access to bulk Scotch for blending purposes. Domestic single malt producers remain confident in their quality…

The Economic Times

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…

The Economic Times

India's richer middle class is living a more dollar-linked life while earning in rupees

Dollar spending India: The country's expanding middle class now spends more on foreign goods and services. International travel and overseas education are becoming regular annual expenses for many families. Digital subscriptions, AI tools, and imported electronics also contribute to this growing dollar demand. While oil imports remain the largest driver,…

The Economic Times

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From roaring crowds to FIFA World Cup absence: What’s holding India back from football’s biggest stage?

India's FIFA World Cup aspirations remain distant. Despite widespread passion, the nation struggles to produce elite footballers. Experts point to a lack of structured grassroots development, inconsistent governance, and a severe coaching shortage. A long-term, transparent system is crucial for India to compete globally. Building strong foundations and integrating football…

The Economic Times

A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine print

India’s fertiliser supply chain is under strain as the West Asia conflict disrupts shipping through the Strait of Hormuz, a critical route for imports. The crisis comes just as India faces a below-normal monsoon forecast, with the IMD projecting rainfall at 90% of the long-term average and a 92% probability…

The Economic Times

Indians are breaking up with Europe for a Southeast Asian getaway

Indian travelers are increasingly choosing Vietnam over traditional European destinations due to rising airfares and longer flight durations to Europe. Factors like visa convenience, value for money, and shorter travel times are driving this shift, making Vietnam a rapidly growing tourism market for India.

The Economic Times

Air India’s cabin glow-up is fighting the pressure of a brutal money heat

Air India is undergoing a significant fleet overhaul, investing $400 million in refurbishing cabins with new seats, entertainment systems, and branding across its domestic and long-haul aircraft. This transformation aims to reposition the airline as a globally competitive carrier, despite facing substantial financial losses and operational challenges due to geopolitical…

The Economic Times

Indians may be roaming closer to home because of a war far away

India Tourism Sector and Iran War: Prime Minister Modi's call to curb foreign travel for a year aims to boost domestic tourism, conserve foreign exchange, and reduce the import bill amid the West Asia crisis. Industry experts anticipate a surge in local travel, benefiting airlines, hotels, and tour operators. This…

The Economic Times

A Rs 3 hike makes India’s inflation battle somewhat harder

Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.

The Economic Times

Nelly responds to Ashanti’s poignant accessory featuring their picture

The ‘Happy’ singer wore a rectangular clutch with a photo of her and Nelly printed on it to 2023 MTV VMAs

The Independent UK

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The Independent UK

Kristen Bell reveals what makes her decade-long marriage with Dax Shepard work

‘Understanding that your partner used to be a little person is the best thing you can do,’ Bell says

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