For the first time in a decade, excluding the Covid-affected FY21, India’s two largest jewellery chains, Tata-owned Tanishq and Reliance Retail, reported declines in consumer deposits for deferred gold jewellery purchase schemes during the last financial year. With gold prices continuing their steady climb, industry executives warn the pressure on sales volumes will intensify. Titan’s deposits through Tanishq dropped 19% to ₹3,458 crore in FY25, while Reliance Retail, which runs Reliance Jewels, saw a 5% decline to ₹333 crore.
India’s Startup Funding Continues to Decline, While Over 50 Get Recognised in One Day.
New Delhi: India’s startup ecosystem is expanding at an unprecedented pace, with over 50 startups being recognised every day, according to Union Commerce and Industry Minister Piyush Goyal. The milestone underscores the...
