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Lockdown effect: People are ready to get dressed & go says Gautam Singhania of Raymond

Raymond says that the same store sales growth has more than doubled compared to the pre-pandemic le…

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Raymond Q4 profit falls 26% to ₹196.5 crore; income rises 10% to ₹2,150 crore

Diversified group Raymond Ltd on Tuesday reported a 25.84 per cent decline in its consolidated net …

PTI   


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Godrej Consumer has to double Raymond’s consumer business for it to be earnings accretive, say analysts

Godrej Consumer Products (GCPL) is set to enter the men’s grooming category after the conclusion of…

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Raymond group sells FMCG biz to Godrej for Rs 2,825 crore in all-cash deal

Raymond is exiting the consumer care business in India, selling condom brands KamaSutra and Premium…

PTI   


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New home sales surprisingly surged 20% last month. It shows the fight against inflation is working.

The big jump in new home sales was a surprise given the sharp increase in mortgage rates over the p…

Zahra Tayeb   


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Auto sales data July 2022: Maruti and Toyota post strong growth in sales while MG Motor and Kia decline

India’s leading car maker Maruti Suzuki posted robust sales for July 2022. Japanese car maker Toyot…

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Raymond lays off hundreds of employees⁠— some of them say they haven’t received the promised severance pay

Not just that, for those who lost their jobs, many of them are complaining that they didn’t rece…

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AMD could rise 19% due to its durable technical advantage over Intel, Raymond James says

Raymond James initiated coverage on shares of Advanced Micro Devices on Thursday with an "outperfor…

Will Daniel   


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"Every drop will count," ⁠says billionaire Gautam Singhania as he hints at job cuts at Raymond in a video message to employees

There will be job cuts at the Raymond Group, revealed the billionaire Chairman and Managing Directo…

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Raymond expects gradual pick up after lockdown

"As we are all aware that due to the lockdown in the entire country, all our point of sales are shu…

PTI   


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Raymond cuts workforce to tide over COVID-19 woes

The firm was looking at debt raising and alternate working capital to manage liquidity. "In line wi…

PTI   


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Top stocks to watch— Future Retail, PVR, Central Bank, ICICI Bank, SpiceJet, Indiabulls Housing Finance, Ashok Leyland and more

Indian stock market is likely to open on positive note tracking cues from the global peers. At 7:40…

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EXCLUSIVE: Two revelations and a fiery defence from Raymond’s boss Gautam Singhania

Raymond’s stock price has multiplied over two-and-a-half times in the last three years. This, at…

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Raymond is spending millions on SAP, Microsoft, PwC, and Accenture to rewire the company

Raymond has been popular for its suits for decades in India but it wants to be more than that start…

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From Shoppers Stop and Raymond to small retailers ⁠— thousands of people have lost their jobs

The debt-ridden Future Group had already laid off hundreds of employees in January 2020, as …

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Under Armour surges as much as 7% after Raymond James upgrade

The Wall Street Journal reported this month that authorities were looking into whether Under Armour…

Gina Heeb   


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New Jersey brothers who made 60 million robocalls to sell cesspool cleaners must pay $1.66 million penalty

Federal attorneys announced a large settlement with three siblings who made millions of robocalls, …

Kevin Shalvey   


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Myntra’s End of Reason sale at its peak saw almost 19,000 orders in a minute – the most expensive item sold was a watch for ₹1,30,000

E-commerce portal Myntra just concluded its End of Reason sale – the first sale after the coronavir…

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Indians are buying more Khadi than Hindustan Unilever products

The Indian government’s retail division that boasts exclusively of ‘Made in India’ consumer product…

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Online luxury watch segment is growing over a whopping 200% in India, Flipkart Fashion Head explains why

Men however lead the way atleast in this category, “Close to 55% of sales in this category come fro…