JUST IN TIME, an omnichannel watch retailer, secured Rs 80 crore from Ashish Kacholia and Lashit Sanghvi. The company plans to use the funds for pan-India expansion. It will also strengthen its omnichannel presence. Rajesh Chheda, Founder, said this will help scale their presence. JUST IN TIME aims to redefine the watch retail experience.

New Balance has opened its expanded Central Maine factory in Skowhegan, adding a 120,000 sq. ft. single-story facility and renovating 20,000 sq. ft. of the original building as part of a $65 million investment.
The site now employs 400 associates, strengthens US footwear production, and supports community projects including a $75,000 donation to Main Street Skowhegan.

Denmark’s apparel imports fell 6.55 per cent to $2.735 billion in January–July 2025, though China regained its top supplier position, overtaking Bangladesh with a 20.02 per cent share.
Imports from Bangladesh dropped three per cent. Germany, Sweden and Turkiye held their ranks as key suppliers.
Danish imports rebounded in 2024 after a 14.36 per cent fall in 2023 but have slightly eased again this year.

Gold prices in India soared to a record high of Rs 1,11,750 per 10 grams, mirroring gains in global markets driven by anticipation of US inflation data and Federal Reserve policy guidance. Silver also surged, reaching Rs 1,33,582 per kilogram. A weaker rupee and subdued equity market sentiment further bolstered bullion prices.

“Monday was a pretty good day for us with the Pitru Paksha ending on Sunday. Customers had been holding off on purchases and they started making the payments from Monday,” said Vijay KG, founder of Luxepolis, an online marketplace for certified pre-owned and discounted luxury goods. “I think more discretionary income should benefit the luxury sector indirectly. With more money in the hands of consumers, consumption should go up.”

V2 Retail has expanded its footprint to 250 stores nationwide with the launch of six new outlets across emerging markets in India, strategically timed before the festive season. The expansion underscores the company’s commitment to strengthening its presence in Tier II and Tier III cities, with new stores in West Bengal, Madhya Pradesh, Punjab, Jharkhand, Uttar Pradesh and Bihar.

CareEdge Ratings maintains a negative outlook for the diamond industry, projecting a 17-20% decline in cut and polished diamond exports by FY26 due to global headwinds and steep US tariffs. While India’s domestic demand shows resilience, it’s unlikely to offset the export decline. The industry is responding by curtailing production and exploring new markets to mitigate the impact.

Ultrahuman, a wearable tech startup, achieved its first profit in FY25, driven by a significant surge in smart ring sales and growing subscription revenue. Operational revenue soared to Rs 565 crore, resulting in a net profit of Rs 73 crore. The company is shifting from hardware-led growth to a software-driven model, enhancing profitability and free-cash generation.

PNG Jewellers plans to grow its retail presence this Navratri. The company will launch six new showrooms and four LiteStyle shop-in-shops. These will be located across Maharashtra and Central India. New stores are coming to Mumbai, Pune, Kolhapur, Lucknow, and Kanpur. LiteStyle counters will be added in Solapur, Nashik, Chhatrapati Sambhajinagar, and Nagpur.

Singapore and Bangladesh are set to sign an FTA aimed at boosting garment trade, after Singapore’s imports from Bangladesh fell 46.12 per cent to $45.982 million in January–July 2025.
Bangladesh’s share slipped to 4.04 per cent. Imports have fluctuated over the past four years, with Bangladesh’s share ranging between 4–7 per cent, highlighting the FTA’s potential to stabilise trade.