LVMH
Dhan’s funding nears close; BNPL gets regulated out
Happy Thursday! Stock broking startup Dhan is poised to finalise its long-awaited funding round. This and more in today’s ETtech Morning Dispatch.
L Catterton to raise $600 million for debut India-focused fund
L Catterton, backed by LVMH, is launching a $600 million India-focused fund, its first dedicated investment vehicle for the country. The fund will target seven to nine investments in sectors like food and beverage, healthcare, and retail, with cheque sizes ranging from $25 million to $150 million. This move highlights L Catterton's increasing focus on India's growing consumer market.
TCS CEO’s pay hike; L Catterton’s India fund
IT major TCS paid Rs 26.5 crore in remuneration to CEO and MD K Krithivasan in FY25. This and more in today’s ETtech Top 5.
Citykart’s big haul; A new AI race
Happy Tuesday! Value fashion retailer Citykart has raised fresh funds to fuel its expansion plans. This and more in today’s ETtech Morning Dispatch.
Pet food brand Drools turns unicorn after Nestlé SA picks up minority stake
The deal values Drools at over $1 billion, making it India’s third unicorn of 2025. This is Drools’ second major fundraise after L Catterton — the LVMH-backed private equity firm — invested $60 million in June 2023 at a valuation of $600 million.
It’s not just Microsoft, Google, or Amazon — top European companies have also laid off a massive number of employees since April; here’s what you need to know
European firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have announced layoffs. Banks such as Commerzbank, HSBC, and UBS are also cutting jobs. Industrial companies like STMicroelectronics and Syensqo are adapting to volatility. Retail chains like Auchan and luxury brands like Burberry and LVMH are undergoing changes. ProSiebenSat.
Trump drafts America's business titans to burnish his image at home and abroad
American business leaders are trying to get close to Donald Trump. They want relief from regulations and tariffs. Trump uses them to project a booming economy. But access does not guarantee protection from Trump's anger. CEOs are figuring out how to influence Trump. Some executives find it difficult to relay their views.
US tariffs could make your next Champagne bottle way more expensive
French champagne producers face significant challenges as rising US tariffs threaten their largest export market. A 20% tariff on French wines and spirits is causing widespread concern, with smaller producers fearing the unraveling of established relationships with US distributors. The European Commission's emergency support package aims to mitigate the impact, but industry leaders predict a sales decline.
British beauty brands set to glam up Indian market as Nykaa, Tira prep for the glow
India and UK free trade agreement will reduce duties on cosmetics. This will lead to more affordable beauty product imports from the UK. Companies like The Body Shop plan to increase imports. Retailers such as Nykaa and Reliance Tira will also benefit. The policy will help meet the growing demand of young Indian consumers.
‘72-hour rule’: Debt investors take fright at Donald Trump’s social media deluge
Navigating President Trump's unpredictable social media policy announcements has forced credit investors and bond arrangers into defensive strategies. Firms are now employing tactics like waiting 72 hours before reacting to pronouncements and accelerating bond sales to outpace potential market volatility.
High-end department store retailer Saks launches Amazon storefront
Saks Fifth Avenue is launching a storefront on Amazon Luxury to sell designer goods from brands like Dolce&Gabbana and Balmain. Operated as a third-party store, Saks will manage its own inventory and fulfillment, expanding access to Amazon’s luxury-focused customers while deepening engagement insights.
Without Wu, will top-end luxury be luxurious?
Chinese manufacturers are subtly suggesting they produce luxury goods for brands like Hermes and Louis Vuitton, offering the same quality without the hefty logo markup. This challenges the pillars of luxury: quality, scarcity, and brand prestige.
European shares hold losses after ECB eases borrowing rates as expected
European shares held their losses on Thursday after European Central Bank eased borrowing rates as expected, while investors parsed corporate earnings to gauge the fallout of U.S. President Donald Trump's erratic trade plans.
Your Birkin and Kelly bags just got pricier! Hermès to make US shoppers foot the tariff bill
Hermes plans to offset U.S. tariffs by increasing prices on all products sold there starting May 1st, impacting its wealthy clientele. Despite this move, first-quarter sales rose 7%, falling short of expectations due to low inventories. While U.S. sales show double-digit growth, the company remains cautious due to geopolitical uncertainty and potential tariff implications.
European shares turn lower ahead of ECB's policy decision
European shares were mixed on Thursday as investors parsed corporate earnings to gauge the fallout of U.S. President Donald Trump's erratic trade policies, while awaiting European Central Bank's policy decision later in the day.
Trump's trade war ripples through the business world, hits stocks again
Donald Trump's trade war impacts various industries. US stock markets face pressure. Tech stocks are hit hard. Airlines prepare for an uncertain summer. The Federal Reserve notes slowing economic activity. Trade talks with Japan are underway. Business leaders worry about stalled spending plans. The US and China remain in a trade war. Consumer sentiment has deteriorated.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets surged on Tuesday, with Sensex rising 1,577 points and Nifty 500 points, as Trump's tariff exemptions spurred broad-based buying across sectors despite weak earnings forecasts.
Why stock market rose today: Sensex ends 1,577 pts higher; Nifty above 23,300; 6 key factors behind today's rally
Stock Market Today: Private sector lenders HDFC Bank and ICICI Bank each gained around 3%, with Jefferies noting that declining deposit rates are a positive for the banking sector. Combined, the two banks added 638 points to the Sensex’s over 1,500-point rally.
European shares rise after Trump touts auto-related tariff break, LVMH slumps
The auto and parts index rose 2.5%, leading gains among sectors, after U.S. President Donald Trump said he was considering a modification to the 25% tariffs imposed on foreign auto and auto parts imports from Mexico, Canada and other countries.
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