Surge in gold loans partly reflects stress, say lenders

During the company’s Q2FY27 earnings, Piramal Finance MD & CEO Jairam Sridharan said 15% to 23% of gross gold loan disbursements across the industry over the past year went to customers already more than 90 days overdue. Piramal’s policy bars lending to such borrowers. According to RBI data, gold loans accounted for a third of incremental retail lending in Q1FY27.

Surge in gold loans partly reflects stress, say lenders Read More »

Germany’s Adidas raises 2026 profit outlook to $2.81 bn

Adidas raised its 2026 operating profit outlook to €2.5 billion (~$2.81 billion) after record Q3 results.
Revenue rose 9 per cent to €7.252 billion (~$8.14 billion), while operating profit climbed 37 per cent to €1.008 billion (~$1.13 billion).
Full-price sales and a US tariff refund supported margins, with fourth-quarter investment planned to strengthen future profitability.

Read More »

How emerging cities and aspirations are reshaping India’s jewellery market

Jewellery is increasingly becoming something people want to wear and embrace beyond traditional occasions, whether it is part of need state, everyday expression, a celebration or a personal milestone. India’s consuming class is expanding, and so is the opportunity for jewellery. Roughly around 60-65% consumption comes from Non-Metro Cities in India. Today India is the second largest Jewellery market in terms of consumption is growing at a health rate of 10-10.5%.

Read More »

Gold may hit $5,000 an ounce as central banks, Asian buyers drive demand

Gold prices are predicted to stay elevated between USD 4,200 and USD 5,000 per ounce over the next two years. Central bank purchases and strong demand from Asian markets are driving these prices. While US interest rate movements traditionally influence gold, their impact is diminishing. Increased global gold production is forecasted, but supply limitations may sustain price levels. Geopolitical developments could influence gold’s future price trajectory significantly.

Gold may hit $5,000 an ounce as central banks, Asian buyers drive demand Read More »

New Zealand’s apparel imports rise 5.9% in September 2026

New Zealand’s apparel imports rose 5.9 per cent year on year to NZ$190.20 million ($107.85 million) in September, a third straight monthly gain.
January–September imports were virtually flat at NZ$1.567 billion, with knitted apparel up 0.7 per cent and non-knitted down 0.8 per cent.
Exports fell 2.6 per cent to NZ$18.52 million in September, as knitted apparel shipments dropped but non-knitted exports rose.

Read More »

Bangladesh’s apparel exports to EU may gain in late 2026: Eurostat

Bangladesh’s apparel exports to the EU could regain momentum late in 2026 and in 2027 as the bloc’s import decline narrows, according to the Eurostat data.
EU apparel imports fell 3.83 per cent to €60.29 billion (~$67.74 billion) in January-August; Bangladesh’s shipments dropped 11.67 per cent to €11.93 billion (~$13.40 billion).
August EU import value rose 0.72 per cent year on year.

Read More »

Luxury’s split market: Ultra-rich spend, aspirational buyers retreat

Global luxury fashion revenue fell 0.5 per cent in 2025 and is forecast to grow 2.2 per cent in 2026, with growth tapering towards 2031 as aspirational buyers curb spending.
LVMH led luxury goods in 2025 with a 21 per cent share; fashion held 29 per cent, behind watches and jewellery at 34 per cent.
US 2026 revenue is estimated at $96.9 billion, ahead of China at $92.7 billion.

Luxury’s split market: Ultra-rich spend, aspirational buyers retreat Read More »

Shopping Cart