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After sporting superstars Virat Kohli and Rohit Sharma exited T20 internationals and Tests, India's next generation of cricketers is stepping into the endorsement spotlight. Eager to plug the vacuum left by two of the country's biggest sporting icons, experts said advertisers are aligning with younger stars who appeal directly to Gen-Z consumers.The team's Asia Cup triumph is set to lift advertiser confidence in cricketers.Shubman Gill is expected to see a surge in his brand endorsement value. Industry executives peg his endorsement fee at nearly ₹5 crore for a single day of engagement annually, placing him in a rarefied league of commercial athletes. His social media following and clean, aspirational image have made him a go-to choice for top-tier brands.Suryakumar Yadav, India's T20 captain and one of the format's most destructive batters, remains hot property too, commanding about ₹1.5 crore for a day's association.Experts say these stars' proven match-wi...

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Food delivery platforms Zomato and Swiggy have introduced health-focused ratings-'health scores' and 'protein drops'-amid increasing scrutiny over food quality, even as fine-dine chains tweak menus to meet growing demand for healthier cuisine.Zomato's founder Deepinder Goyal on Monday announced the introduction of a healthy score based on AI and restaurant data in its menu in an X post where he said, "For years, something about Zomato made me uneasy." Swiggy had introduced its rating last week. Its vice president, food strategy, customer experience and new initiatives, Deepak Maloo, in a LinkedIn post, called it "the next drop in high protein, with no fry, low cal and gluten free categories."Both platforms, which dominate India's food delivery ecosystem, have been called out on social media for enabling quick delivery of food that are at times unhealthy, frozen meals, or not always fresh.124219291"Zomato and Swiggy and Zepto-please, don...

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As India clinched the Asia Cup 2025 after beating Pakistan in a thrilling final at the Dubai International Stadium on Sunday, the whole nation congratulated the Men in BlueReacting to the victory, PM Modi took to X to congratulate the Indian team for beating Pakistan by 5 wickets. “Operation Sindoor on the games field. Outcome is the same – India wins!” he said. — narendramodi (@narendramodi) India bowled out Pakistan for a modest 146 runs. In response, India chased down the target with two balls to spare, winning by five wickets. The Men in Blue had already defeated Pakistan twice in this edition of the multinational tournament.Also Read: India vs Pakistan match report- India edge past Pakistan by five wickets in a thriller to clinch 2025 Asia Cup title Tilak Varma played a pivotal role, scoring an unbeaten 69 off 53 balls. Shivam Dube contributed a quickfire 33 off 22 balls, and Rinku Singh sealed the victory with a boundary in the final over. Earlier, Pakistan had collapse...

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When Shaju R , the chief technology officer at DCUBE Ai, a Thiruvananthapuram-based company providing software solutions, felt a creeping sense of burnout, he did not turn to ChatGPT for answers. The 45-year-old looked to something ancient and rooted in his land—the martial art form called kalaripayattu.Shaju, who has spent over two decades in the high-pressure world of IT, says long hours, poor posture and stress had all taken a toll on him, physically and mentally. Gym did not seem inviting any longer, thanks to recurring back pain and a frustrating plateau in fitness. That’s when kalarippayattu swung into his ken as he saw his children perform the basics.His kids had recently enrolled in a local kalaripayattu class. Intrigued by its blend of movement, discipline and heritage, Shaju decided to give it a try. He signed up for Nalludal, a wellness programme rooted in kalari practice run by Agasthyam Kalari in Thiruvananthapuram, and he found himself moving with a purpose that no gym eq...

Opener Pathum Nissanka's magnificent hundred went in vain as India defeated Sri Lanka via a Super Over in their inconsequential Super 4s match of the Asia Cup here on Friday. In the Super Over, left-arm pacer Arshdeep Singh struck twice to restrict Sri Lanka to just two runs, which India skipper Suryakumar Yadavknocked off in the first ball. Earlier, sent into bat, India posted 202 for five, with in-form opener Abhishek Sharma slamming a 31-ball 61 laced with eight fours and two sixes. Tilak Varma (49 not out off 34 balls), Sanju Samson (39 off 23) and Axar Patel (21 not out off 15) also made useful contributions. In reply, Nissanka produced a brilliant 58-ball 107 but Sri Lanka were restricted to 202 for five in 20 overs. Kusal Perera chipped in with a 32-ball 58. Kuldeep Yadav (1/31), Varun Chakaravarthy (1/31), Hardik Pandya (1/7), Arshdeep Singh (1/46) and Harshit Rana (1/54) shared the wickets for India. Brief Scores: India: 202 for 5 in 20 overs (Abhishek Sharma 61, Tilak Var...

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Hindustan Unilever, India's largest consumer goods company, on Friday said it expects near-flat to low single-digit growth in the September quarter due to temporary disruptions across its distribution network caused by the goods and service tax (GST) rate cuts.The maker of Dove shampoo and Lux soap said the lowered taxes support long-term consumption though it has faced a transitory impact in the form of disruptions at distributors and retailers for clearing existing inventories with pre-GST prices."This has resulted in postponement of ordering in anticipation of receiving new stocks with updated prices and lower orders across the overall portfolio as consumers delayed their pantry buying. This has led to a short-term impact on sales for the company in September," HUL said in a stock exchange filing. "Given our existing pipeline inventory in the channels, we expect this impact to continue into October as well." The revamped GST regime rolled out from September 2...

What if two companies born under the same roof, nurtured by the same parent and scaling in the same Indian market end up taking radically different IPO paths? That's the paradox of PhonePe and Flipkart.Both Flipkart and PhonePe are majority-owned by Walmart. From being a subsidiary of Flipkart - which acquired the digital payments company in 2016 - PhonePe was spun off as a separate company in December 2022. But PhonePe is sprinting toward a public listing, while Flipkart, once the poster kid of India's startup boom, is still figuring out its IPO playbook. This divergence isn't just about two separate companies, but it also reveals deeper lessons about India's capital markets, strategic positioning and the maturing tech ecosystem.India is at an inflection point. Its consumer internet giants - Paytm, Zomato, Nykaa, Policybazaar - have tested   public markets with mixed results. Now comes the second wave: fintechs, ecommerce platforms and SaaS companies that are better ca...

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NEW DELHI: Hyatt, ITC Hotels, Radisson Hotel Group, and Sarovar Hotels are among hotel chains choosing to keep their room tariffs unchanged and instead pass on the benefits of the reduced goods and services tax (GST) rate to travellers, according to hoteliers, and tariffs on booking and travel platforms on Monday.The Centre has cut the GST rate on rooms costing up to Rs 7,500 per night to 5% (without input tax credit) with effect from Monday, from 12% with input tax credit earlier. A room at the Hyatt Centric Candolim in Goa will cost Rs 5,670 on Tuesday, after adding 5% GST rate, per rates published on a popular travel platform, while Fortune Resort, Benaulim, Goa is charging Rs 4,463, after adding 5% GST for same date."There is no change in our room rates, and we have applied the 5% GST rate on rooms priced up to Rs 7,500 from Monday," said Ajay Bakaya, chairman of Sarovar Hotels and director at Louvre Hotels India. "Out of 140 hotels, about 80 hotels spanning over 5,0...

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The United States is considering imposing sanctions as soon as this week against the entire International Criminal Court, putting the court's day-to-day operations in jeopardy in retaliation for investigations of suspected Israeli war crimes. Washington has already imposed targeted sanctions on several prosecutors and judges at the court, but naming the court itself in the sanctions list would be a major escalation. Six sources with knowledge of the matter, all speaking on condition of anonymity to discuss a sensitive diplomatic issue that has not been publicly announced, said a decision on such "entity sanctions" was expected soon. A source said court officials had already held emergency internal meetings to discuss the impact of potential blanket sanctions. Two other sources said meetings had also been held of court member state diplomats. One U.S. official, speaking on the condition of anonymity to discuss sensitive matters, confirmed that entity-wide sanctions were be...

After the lull of Shraadh-typically marked by muted footfalls and weak sales-auto retailers are pinning hopes on the festive season that begins Monday with Navratri. While such seasonal swings are familiar, this year is unusual. The government's sweeping tax cuts under GST 2.0, announced more than two weeks before its implementation on Monday, coincided with the Shraadh fortnight, bringing sales to a near standstill as potential buyers waited for the new tax rates to take effect and the inauspicious period to end.About 15% of annual auto industry sales are generated during the 42-day festive period, spanning Navratri to 15 days past Dhanteras (which includes Bhai Dooj). This makes the current weeks critical for dealers looking to recover lost momentum. Dealership checks in Mumbai's central-eastern suburbs just two days before GST 2.0 took effect, underscored the slowdown. At a Tata Motors showroom, three of five customer-engagement tables were occupied, and families walked in s...

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It may be the perfect time to make the big purchase-be it the dream car, the latest motorcycle, or large-screen LED televisions, with consumer goods manufacturers offering attractive incremental incentives, beyond the price benefits accruing from goods and services tax (GST) rate cuts, attempting to sharply revitalise sales this festive season.Several senior industry executives ET spoke to said the price incentives on cars, SUVs, and sedans are currently at an all-time high of 12-15% of a vehicle's ex-showroom price, more than double the 5-7% offered typically.In consumer durables too, companies and retailers are offering steep discounts to speedily liquidate unsold stocks after consumers deferred purchases in the past few weeks, anticipating lower prices after the revised GST rates are rolled out. "The average discount in TV category will be 25-26% in the first four days of the festive sales to clear out maximum inventory after which it will fall to 12-15% like every year,...

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Following staycations and workations (work from anywhere) that changed the way hotels get business after the Covid pandemic, the concept of 'eatcations' is reshaping the way travellers plan their getaways, and food is increasingly becoming the centrepiece of the holiday package, hoteliers said.CGH Earth said it has collaborated with Tamil scholars to create specialised cuisine from the Sangam era for Aatrupaduthal, the new al fresco dining space at the heritage hotel chain's Mantra Koodam property in Kumbakonam, Tamil Nadu. In keeping with the culinary traditions of the Sangam era, ingredients such as modern-day spices and additives not historically available have been deliberately excluded at the restaurant. The chain plans to add 100 rooms to its portfolio for the next two to three years, with the growth coming from its small hotels (less than 10 rooms) under the Saha vertical, and incorporating local culinary experiences will be key to its expansion, managing director Mi...

Senior IPS officers Praveer Ranjan and Praveen Kumar were on Friday appointed as the chiefs of the Central Industrial Security Force (CISF) and the lndo-Tibetan Border Police (ITBP), respectively, officials said.Ranjan, a 1993-batch Indian Police Service (IPS) officer of AGMUT (Arunachal Pradesh, Goa, Mizoram, and Union Territories) cadre, is currently serving as the Special Director General of CISF.The Appointments Committee of the Cabinet approved his appointment as Director General, CISF, for a period up to July 31, 2029, the date of his superannuation, an order issued by the Ministry of Personnel said.He will succeed incumbent chief Rajwinder Singh Bhatti, who is scheduled to superannuate at the end of this month.Praveen Kumar, Special Director, Intelligence Bureau, has been appointed as the Director General, ITBP, for a period up to September 30, 2030, the date of his superannuation.Kumar is a 1993-batch West Bengal cadre IPS officer. He will take over the charge of the border gua...

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Gold soared to a record high on Wednesday after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point at its policy meeting. Spot gold gained 0.4% to $3,707.40 per ounce by 2:09 p.m. EDT, while U.S. gold futures for December delivery settled 0.2% lower at $3,717.8. from Economic Times https://ift.tt/XgTKkQj

Mumbai: Corporate India is increasingly tapping non-banking channels to meet its funding requirements, with nearly half of the total resources raised in FY25 coming from equity markets, bonds, and loans from non-banking financial companies (NBFCs), Reserve Bank of India (RBI) data showed. The total flow of financial resources to the corporate sector rose to Rs 35 lakh crore in FY25, marking a modest 3% increase over the previous year. However, the composition of this funding reflects a shift away from traditional bank credit, signalling a broader economic slowdown. Of the Rs 35 lakh crore raised, Rs 17.1 lakh crore — or nearly 49% —came from non-bank channels such as corporate bonds, NBFC loans, equity issuances and foreign direct investment. By contrast, demand for bank credit declined 14% to Rs 17.9 lakh crore. Bankers attribute this shift to the strong performance of equity markets, which encouraged companies to raise capital through share issuances rather than debt. Non-financial c...

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New Delhi: The government has reopened the application window for the production linked incentive (PLI) scheme for white goods (air conditioners and LED lights) for 30 days, the commerce and industry ministry said on Sunday.The window will remain open from September 15 to October 14."The application window for the PLI scheme for white goods is being reopened based on the appetite of the industry to invest more under the scheme," the ministry said, adding that no application will be accepted after the closure of the application window. The Union cabinet had given approval for the ₹6,238 crore scheme on April 07, 2021, and it is to be implemented over a seven-year period till 2028-29.So far, 83 applicants with committed investment of ₹10,406 crore have been selected as beneficiaries under the PLI scheme.As per the statement, in order to avoid any discrimination, both new applicants and existing beneficiaries of the scheme who propose to invest more by way of switching over to a...

Nestle investors have called for Chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year, the Financial Times reported on Saturday. Shareholders told FT the dismissal of former chief executive Laurent Freixe and the way investigations into his conduct were handled had exacerbated their concerns over governance at Nestle and led them to question Bulcke's decision-making. "I don't think Bulcke will move on before April but he should have left when Mark Schneider was forced out," Alexandre Stucki, founder of AS Investment Management, said. from Economic Times https://ift.tt/2nHahjk

Jammu: The pilgrimage to the cave shrine of Mata Vaishno Devi in Reasi district of Jammu and Kashmir will resume from Sunday after remaining suspended for 19 days, officials said. The yatra was suspended following a landslide on August 26 that claimed 34 lives and left 20 others injured."Jai Mata Di! The Vaishno Devi Yatra will resume from September 14 (Sunday), subject to favourable weather conditions. For details and bookings, please visit www.maavaishnodevi.org," the Shri Mata Vaishno Devi Shrine Board (SMVDB) announced on X.The Board further stated that the temporary suspension was necessitated due to inclement weather conditions and essential maintenance of the track leading to shrine. The Yatra will resume as scheduled, provided weather conditions remain favourable.Spokesperson of the SMVDB advised pilgrims to carry valid identification, follow designated pathways, and cooperate with on-ground staff. "RFID-based tracking will remain mandatory for transparency and t...

Tomorrow, as the sun sets over Dubai and the subcontinent collectively holds its breath, some among you - let's just call you the 'hoity-toity lot' - will be tuning into the Manchester derby. Yes, that derby: 90 minutes of football between two English clubs. Meanwhile, the rest of us, who know that INDIA! INDIA-A-A! will win against Pakistan in Operation Bahut Dur in Dubai, will be engaged in a 20-over each side cathartic exercise that will, obviously, be deeply patriotic. But, no, you hoity-toities will be having 'angrezi-style' lager and tweet about Bruno Fernandes' xG while Jasprit Bumrah is busy redefining post-Nehruvian physics. To choose the Premier League derby for at least an hour-and-a-half over the Asia Cup is so seditious! It's the cultural equivalent of saying, 'I prefer Bach to Baba Sehgal,' at your cousin's wedding and exposing your colonial mindset. If you'll be watching football, not only are you an elitist but you're anti...

Minister of External Affairs S Jaishankar on Thursday spoke to Radosław Sikorski, Deputy Prime Minister and Minister of Foreign Affairs of Poland on recent developments pertaining to Poland’s security.Underlining that India favors an early end to hostilities, Jaishankar also highlighted the need for a durable solution for the Ukraine conflict.Alongside India, the foreign ministers of Poland, Ukraine and Lithuania issued a joint statement on Thursday to condemn Russia over Wednesday's intrusion of drones into Polish airspace, calling it a 'deliberate and unprecedented provocation'.This comes after Polish authorities reported that the NATO and EU member's airspace was violated 19 times on Wednesday, with at least three drones shot down as Poland and NATO allies scrambled jets. from Economic Times https://ift.tt/Y6PB05s

The FBI released two photos of a person of interest in the assassination of Charlie Kirk, a close ally of President Donald Trump who played an influential role in rallying young Republican voters. The shooter, who fired a single shot from a distant roof, remained at large and unidentified on Thursday nearly 24 hours into the investigation. The release of photos of a person in a hat, sunglasses and a long-sleeve black shirt, as well as a $100,000 reward for information leading to an arrest, reflected law enforcement's urgent appeal for public help in locating the shooter, who vanished after jumping off the roof and fleeing through a wooded area near the Utah university where Kirk was killed in a targeted attack. Investigators were sifting through potential clues, including a palm print and a shoe impression found near the scene, as well as a Mauser .30-caliber bolt-action rifle hidden in a towel in a wooded area near the university campus along what they suspect to be the path the s...

U.S. President Donald Trump called for prayers for conservative commentator Charlie Kirk after he was shot at Utah Valley University on Wednesday. "We must all pray for Charlie Kirk, who has been shot. A great guy from top to bottom. GOD BLESS HIM!" Trump wrote on Truth Social. <iframe src="https://ift.tt/4xwEndW" class="truthsocial-embed" style="max-width: 100%; border: 0" width="600" allowfullscreen="allowfullscreen"></iframe><script src="https://ift.tt/Jk7Iw4M" async="async"></script> Kirk was giving a presentation when shots were fired, a university spokesperson told NBC News. "To the best of our knowledge he was hit and taken with his security team away from the premises," the spokesperson said. Turning Point USA also confirmed the unfortunate event.Fox News reported that Kirk was hospitalized following the incident. FBI Director Kash Patel said on X, "We are clos...

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Home services marketplace Urban Company raised Rs 854 crore anchor investors ahead of its IPO, opening tomorrow. The issue will close on September 12. According to a release put out, the company allocated 8.29 crore shares to investors at Rs 103 apiece, which is the upper price band of the IPO.Some of the marquee names who participated in the anchor round include SBI Fund, Monetary Authority of Singapore, HDFC MF, Fidelity Securities, Nomura, ICICI Pru Life, SBI Life, Citigroup, Goldman Sachs among others.Analysts believe Urban Company’s IPO offers investors an opportunity to participate in India’s leading tech-enabled home and beauty services platform, with proven scalability across 12,000+ micro-markets in India and select international markets.The company's hyperlocal model drives efficiency, network effects and high engagement, while continued investments in professional training, retention and technology (AI-driven recommendations, operational tools and products like ‘Native’ ...

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Veteran ad man Sandeep Goyal is said to be in active talks with global bankers and potential alliance partners to buy out Dentsu's global business. The global advertising business of Dentsu, excluding Japan, has been put on the block by the Japanese advertising major recently."It looks like an opportunity that we can seriously consider. It has scale, it has depth and it is in trouble," Goyal told ET.At its current level, the part of the Dentsu business on offer has 66,000 people across 143 countries. "There are too many businesses and Dentsu has never been clear whether the business needed to be part of Japan's communication-without-lines advertising approach or be run like a typical Western agency headquartered out of a European capital," says an industry insider.The Dentsu global business is organised into ten main divisions including Carat, Dentsu (operations outside Japan), Dentsu media, Mcgarrybowen, Merkle, Posterscope, Isobar, Soap Creative, iProspect...

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Mumbai: India's home interiors market is expected to witness robust growth over the next few years, with the sector projected to double in size by 2030. Valued at $12.33 billion at present, the market is estimated to reach $24.52 billion, expanding at a compound annual growth rate (CAGR) of around 12%, according to online real estate platform Magicbricks.The expansion is being driven by rising disposable incomes, rapid urbanization, and growing consumer demand for customized and functional living spaces.Magicbricks' research underlined the strong value addition that interiors bring to real estate. A well-designed interior can increase a property's resale value by up to 70% and attract rental premiums of as much as 45%, the report noted.The demand for interiors is concentrated in the 2 and 3 BHK category, which together account for 95% of the market. from Economic Times https://ift.tt/RZ6z3L0

Mumbai: Bank of Baroda (BoB) has become the third public sector bank to declare Reliance Communications' (RCom) loan accounts and its erstwhile promoter Anil Ambani as fraud, citing misutilisation of borrowed funds, diversion of loan proceeds, unauthorised related-party transactions, and improper use of inter-corporate deposits.BoB's total fund- and non-fund-based exposure to RCom stood at ₹2,463 crore, of which ₹1,656 crore remained outstanding as of end-August. The loans and guarantees were first classified as non-performing on June 5, 2017.Earlier this year, State Bank of India (SBI), the country's largest lender, marked RCom's loan accounts as fraudulent in June, followed by Bank of India on August 24, citing alleged fund diversion and breaches of loan terms.A spokesperson for the Anil Ambani Group denied all allegations and said the group would seek to clear its name in the court of law. "It is a matter of record that RCom had a consortium of 14 lenders. After...

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Mumbai: A round of profit-taking in consumption-oriented sectors on Thursday may not signal the end of the rally that began after the Prime Minister first hinted at Goods and Services (GST) cuts in his Independence Day speech on August 15. Analysts say the rally in autos, consumer durables, FMCG and metals still has legs, though they caution that gains from here may not be one-sided and would be more stock-driven.Among sector indices, the Nifty Auto index ended 0.9% higher after gaining as much as 3.7% earlier on Thursday. Nifty FMCG gained 0.2%, while Consumer Durables ended almost flat. These indices had gained between 2.4% and 3.2% in the past week."The profit booking observed in GST-exempt sectors on Thursday was largely anticipated and does not signify the end of the rally in this space," said Amit Khurana, head of equities at Dolat Capital Market. "In our view, cash-based buying is likely to resume at lower levels, with increased participation expected from many re...

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The GST Council on Wednesday approved a new tax structure for automobiles, fixing the rate for big cars at 40% and cutting levies on small cars and motorcycles up to 350cc to 18%.Revenue Secretary Arvind Shrivastava also said that the tax rate on electric vehicles will remain unchanged at 5%. The revision comes as SUV sales, the dominant segment in India’s passenger vehicle market, recorded their first monthly decline in more than five years. Officials said the new tax regime is designed to encourage compact cars and two-wheelers, segments that have lost ground during a decade-long surge in SUV demand.SUV sales show first slowdown in yearsAccording to industry data, monthly SUV sales fell 2.1% year-on-year to about 1.75 lakh units in June. This is the first instance of a decline since the pandemic and comes after years of sustained double-digit growth. SUVs today make up about 55% of all passenger vehicles sold, up sharply from 14.3% in FY15.An industry executive told ET in August, “SU...

The finance ministry will start work on the Union Budget for 2026-27 from October 9, according to a circular issued by the Department of Economic Affairs.The exercise comes against the backdrop of an additional 50% US tariff on most Indian goods and other external headwinds. These have raised risks to India's growth and jobs outlook, prompting calls for stronger support to the export sector.The uncertainties triggered by the tariff and global factors are expected to shape budget preparations this year. Through the Budget, the government will look not just to steer through these challenges but also to build on its pledge of next-generation reforms to sustain high growth momentum and employment creation."Realistic projection for Revised Estimates (for) 2025-26 and Budget Estimates (for) 2026-27 is a pre-requisite," the circular said. "Proper expenditure estimation by ministries/departments would obviate the need for routine/frequent mid-year re-appropriations. Minimal ...

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Russia's crude shipments rebounded, with China picking up the slack after US President Donald Trump's punitive tariffs on India choked exports to the South Asian nation.Trump's doubling of US import tariffs on goods from India to 50%, imposed as punishment for its persistent buying of Russian oil, appears to be hitting the flow of Moscow's crude to the nation despite the defiance of the government in New Delhi.The amount of crude on tankers heading to India stuck below 1.3 million barrels a day in the four-weeks to August 31, down by about one-third from the recent peak seen in March. Even if all the cargoes on ships yet to show a destination ends up in India, flows would still be down by about 550,000 barrels a day, or 28%, from the March peak.Meanwhile, the amount of crude heading to China has moved in the opposite direction, reaching a five-month high of 1.28 million barrels a day.Overall weekly crude shipments from Russian ports jumped by 770,000 barrels a day to a ...

Mumbai | Kolkata: Several clothing retailers from Marks & Spencer and H&M to Zudio and Lifestyle are facing short supplies in their stores nearly three months after India banned road imports of readymade garments from Bangladesh, industry executives said.Readymade garments from the neighbouring country are now allowed only through seaports of Kolkata and Nhava Sheva in Mumbai. While the policy change has led to delays of 2-3 weeks in merchandise sourcing, especially in lower-priced fashion, the impact is felt now as retailers start stocking fresh collections alongside end-of-season sales."The shortfall is more visible now," a senior executive at a global apparel brand said on condition of anonymity.Bangladesh, the world's second-largest exporter of garments after China, is a crucial supplier for Indian brands, especially in the affordable segment.The Directorate General of Foreign Trade (DGFT), in a directive issued on May 17, prohibited imports of all kinds of re...

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