
PNG Jewellers enters high-growth lightweight jewellery market with ‘Litestyle' launch
PNG Jewellers, a name synonymous with trust and tradition for over 192 years, has unveiled its contemporary sub-brand Litestyle by PNG in Pune. This bold move marks the heritage brand's evolution into a future-ready, design-forward space tailored to the lifestyle of modern Indian women.
Crafted in 18K and 22K gold, Litestyle is curated for women aged 25–40 who seek everyday jewellery that combines elegance, practicality, and personal style. From office meetings to festive brunches, Litestyle offers minimalist fine jewellery that transitions effortlessly across occasions.
The brand is set to launch its first two exclusive stores at Kharadi and Wakad in Pune on 22 June 2025, with renowned actress Sai Tamhankar inaugurating the stores.
India's lightweight jewellery market is on a growth trajectory, fueled by rising gold prices, changing consumer preferences, and the increasing role of women as key jewellery buyers. Litestyle by PNG aims to tap into this shift with jewellery that is affordable, authentic, and digitally accessible.
Litestyle's ambitious roadmap includes 12 stores across Maharashtra in FY 2025–26, with a mix of company-owned and franchise models. Looking ahead, the brand plans to scale up to 100 stores across India by 2030.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
India's complex GST tax and how Modi's reform will make goods cheaper
(Refiles to remove duplicated word and fixes a grammatical error in first paragraph.) By Nikunj Ohri NEW DELHI (Reuters) -Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday goods and small cars from October, in a move seen as boosting his image amid trade tensions with Washington. The structure of the Goods and Services Tax (GST) is complex, with states and the federal government sharing the revenue collected. Here are details of the tax system and the planned reform: WHAT IS THE GOODS AND SERVICES TAX (GST)? India adopted the GST in 2017, sweeping in more than a dozen domestic state taxes in a bid to unify the economy on the principle of "one nation, one tax, one market". It was hailed as the biggest tax reform since independence from Britain in 1947. The new system had four tax slabs, of 5%, 12%, 18% and 28%, with scores of goods in each category. An additional levy was imposed above the tax of 28% on some items, such as cigarettes, luxury cars and high-end motorcycles. But it was criticised for being too complex. Pre-packaged salted popcorn is taxed at 12%, but caramel one at 18%, India said last year, triggering a dispute in which one online user questioned how a "salt caramel" variant would be taxed. Similarly, plain Indian flatbreads attract a 5% tax, but the flaky, multi-layered variety faces a levy of 18%. WHAT'S THE REFORM ALL ABOUT? The government plans to abolish the 28% slab that applied to products such as cars, air-conditioners and refrigerators. About 99% of products now taxed at 12%, such as butter, fruit juices, and dry fruit, would also shift into the 5% bracket. Reuters has reported small cars will be taxed at 18% down from 28% earlier. India collected $224 billion last year from the levies. IDFC First Bank says the new reform will hit government collections by $20 billion. WHICH SECTORS AND COMPANIES COULD BENEFIT? Taxes are likely to be lower on personal care items such as hair oil and toothpaste. Taxes on construction goods like cement could also be lowered, boosting demand for homes and infrastructure. Prices of air conditioners, televisions and refrigerators are also likely to be slashed as tax rates fall, benefiting manufacturers such as Samsung and LG Electronics. WHAT IS THE MACROECONOMIC IMPACT? The 18% category contributed the most - 67% - to GST collection, and that will not change. The tax cuts would damp inflationary pressures, and boost he chances for further interest rate cuts by the central bank, economists say. However, they are expected to boost consumption, which contributes roughly 60% of India's GDP. IDFC FIRST estimates India's nominal GDP increasing by 0.6 percentage points over 12 months. IS IT A DONE DEAL? No. Making changes to the GST framework is not easy. The plan will need approval from the GST Council, chaired by Finance Minister Nirmala Sitharaman and with representation from all Indian states, before it can roll out nationwide. Economists estimate tax cuts will affect state government finances more than the federal government, as goods and services tax form a large part of their revenues. In the past, states have pushed back on fixing rates on casinos, lotteries and online gaming. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
London's new stock market for private firms will be a big draw for billionaire investors
The London Stock Exchange Group's (LSEG.L) upcoming private securities market, powered by the Pisces framework, will be a transformative innovation that will open up liquidity in the private capital space, according to CEO David Schwimmer. The Private Intermittent Securities and Capital Exchange System (Pisces), proposed by the previous Conservative government and backed by Labour chancellor Rachel Reeves, will allow investors in private companies to sell shares on regulated exchanges. The London Stock Exchange Group is one of the companies planning to operate a Pisces trading venue, where shares could be traded on a limited number of days each year. "I think it's a good innovation," Schwimmer told Yahoo Finance UK, signalling his optimism about the platform's potential impact on both private companies and institutional players. The LSEG CEO explained how the platform would enable private companies to access public market infrastructure without going public. Read more: What you need to know about UK's private stock market Pisces "The private securities market that we are launching this year, which is on the Pisces framework, is a really interesting innovation for this market," Schwimmer said, adding that there has been a growing demand for liquidity among private companies. While many private companies today remain closed off to public investors, Schwimmer said that the market for private equity is expanding rapidly. "You have a lot of companies now that are sizeable and maybe looking for liquidity but do not want to go public", he explained. These companies may seek liquidity for their limited partners (LPs), shareholders, or employees, without leaping to a complete public listing. For Schwimmer, the Pisces platform solves this dilemma, offering access to the same infrastructure and liquidity typically reserved for publicly traded firms, filling a critical gap in the market. According to Schwimmer, one of the key advantages of the Pisces framework is that it can serve as a conduit for institutional investors, who in the past have had limited access to private companies. "Historically, institutional investors have not had a lot of access to private companies unless they get to participate in an opaque kind of one-off private placement process," he said, pointing to the exclusivity of most private equity transactions. By leveraging the structure of the London Stock Exchange, Pisces should give institutional investors more transparency and access to the growing pool of private market assets. Read more: London Stock Exchange open to dual listing of Indian companies, says LSEG boss Schwimmer also suggested that the Pisces framework could reshape how liquidity is accessed and managed in the private market. "This can be a great way for [private companies] to access effectively public market infrastructure on the London Stock Exchange," he said. Through Pisces, these companies would gain access to the trading systems and liquidity that are typically the domain of publicly listed firms. London's new Pisces private company stock market will launch later this year. A marketplace for private shares Pisces is intended to serve as both a showcase and an exchange for private companies seeking capital. Entrepreneurs will be able to organise scheduled trading events where they can offer existing shares to new investors, at prices they determine. Only pre-existing equity will be traded; the issuance of new shares will not be permitted on the platform. Firms wanting to operate a Pisces venue must first apply for authorisation from the Financial Conduct Authority (FCA). Once approved, they can host intermittent auctions that enable founders, early employees, or existing shareholders to realise some value without relinquishing control through a full-scale initial public offering. Read more: UK taxpayers 'subsidising' S&P 500, says LSEG boss Company owners will retain the right to screen prospective investors under current proposals. This power would allow them to block rivals from acquiring stakes or to prevent any single investor from amassing an outsized influence on the shareholder register. A lower-bar entry to equity liquidity Pisces could offer a lower-cost and more flexible alternative to public markets for fast-growing businesses. Unlike IPOs, which require extensive regulatory disclosure and the production of detailed prospectuses, companies listing on Pisces would face a significantly lighter disclosure burden. Supporters of the scheme argue that Pisces could enhance liquidity in private markets by enabling regular share auctions, helping attract a broader base of long-term investors to companies that might otherwise be overlooked. The platform is also expected to provide a cheaper route to equity liquidity than engaging investment banks to manage private placements. Adding to its appeal, the UK Treasury has pledged to exempt trades executed on Pisces from stamp duty, the 0.5% tax levied on share purchases on public exchanges. The exemption aims to improve liquidity and make UK equity markets more competitive globally. The Pisces proposals come amid broader efforts by the government and regulators to revitalise the UK's capital markets and encourage greater economic investment.


Time Business News
2 hours ago
- Time Business News
Memories Capture Photography
Lakhwinder Singh is an Indian photographer, entrepreneur, and founder of Memories Capture Photography, a professional photography service brand headquartered in Sohana, Mohali, Punjab. With years of experience in wedding photography, event coverage, pre-wedding shoots, and candid photography, Singh has established himself as a recognized photographer in Chandigarh, Mohali, and the Tricity region. His brand is widely appreciated for blending creativity with professional techniques, offering high-quality services for clients across Punjab and beyond. Lakhwinder Singh developed an interest in photography at a young age, inspired by the ability of photographs to capture emotions, preserve traditions, and tell stories visually. Living in Punjab, a region known for its cultural richness and celebrations, Singh found countless opportunities to learn about the art of photography. Over the years, he nurtured his passion by practicing different techniques, exploring camera equipment, and experimenting with styles that focus on both traditional and modern photography. His early exposure to weddings and community gatherings motivated him to specialize in event photography, with a strong emphasis on wedding photography and candid shots. This foundation later helped him build his brand, Memories Capture Photography, which is now recognized for its customer-centric approach and professional execution. Memories Capture Photography was founded by Singh with a vision to provide professional photography services that combine storytelling, creativity, and technical excellence. The brand quickly gained recognition in the Mohali and Chandigarh region for its quality, dedication, and ability to create memorable experiences. The studio was officially set up at Shop No. 243, Mauli Road, Near Gurudwara Singh Shaheedan, Sohana 140308, a central and accessible location for clients in the area. Singh's decision to establish his studio in Sohana allowed him to cater to the growing demand for photographers in Mohali and Chandigarh, particularly for weddings, cultural events, and pre-wedding shoots. Memories Capture Photography offers a wide range of services designed to meet the diverse needs of clients. Some of the brand's most popular services include: Wedding Photography: Full coverage of weddings with a focus on candid moments, rituals, and celebrations. Full coverage of weddings with a focus on candid moments, rituals, and celebrations. Pre-Wedding Photography: Creative couple photoshoots at scenic locations around Chandigarh, Mohali, and Punjab. Creative couple photoshoots at scenic locations around Chandigarh, Mohali, and Punjab. Candid Photography: Natural and emotional storytelling through unscripted shots. Natural and emotional storytelling through unscripted shots. Event Photography: Coverage of birthdays, parties, corporate events, and cultural gatherings. Coverage of birthdays, parties, corporate events, and cultural gatherings. Portrait Photography: Professional shoots for individuals, couples, and families. Professional shoots for individuals, couples, and families. Group Photography: Capturing memories of family gatherings and community events. Singh emphasizes professionalism and attention to detail in every project. Each session is tailored to client preferences, ensuring that the final output reflects both creativity and personality. The brand has become a trusted choice for people looking for photographers in Chandigarh, Mohali, and Tricity who can deliver premium-quality services. Singh's approach to photography combines storytelling, creativity, and modern technology. He believes that photography is more than just capturing images—it is about preserving emotions and creating timeless memories. His work often highlights candid expressions, natural lighting, and creative setups that make each event unique. He also makes use of advanced cameras, lighting equipment, and editing techniques to ensure the highest quality results. The brand's focus on both traditional and contemporary photography styles appeals to a wide range of clients, from couples planning elaborate weddings to families celebrating special occasions. To showcase his work and connect with clients, Singh has built a strong online presence for Memories Capture Photography. His portfolio is regularly updated with recent projects, highlighting his versatility across weddings, parties, pre-weddings, and event photography. Through these platforms, Singh ensures that potential clients can easily explore his style, request services, and read client testimonials. Memories Capture Photography operates from: Shop No. 243, Mauli Road, Near Gurudwara Singh Shaheedan, Sohana, Mohali – 140308. For bookings and inquiries: Over the years, Singh's photography has earned appreciation for professionalism, creativity, and reliability. Clients often highlight his ability to create a comfortable environment during shoots, resulting in natural and authentic photographs. With services extending across Chandigarh, Mohali, and Punjab, his clientele includes couples, families, event organizers, and businesses. The brand's reputation continues to grow through word-of-mouth recommendations, online reviews, and repeat clients who value Singh's dedication and artistry. Lakhwinder Singh's work with Memories Capture Photography reflects his vision of combining passion with professionalism. By focusing on client satisfaction, embracing innovation, and preserving cultural traditions through photography, Singh continues to expand his influence as a photographer in Mohali and Chandigarh. His long-term vision includes reaching a wider audience through digital platforms, offering destination wedding photography, and introducing more creative themes for modern clients. With a strong foundation in Punjab's cultural heartland, Singh aims to make Memories Capture Photography a leading name in the Indian photography industry. TIME BUSINESS NEWS