Latest news with #NandiniSingh
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Business Standard
4 days ago
- Business
- Business Standard
RCB wins IPL, Karnataka cheers with ₹157 crore liquor sales in a day
Karnataka goes into celebration mode as RCB lifts its first-ever IPL trophy, sending liquor sales soaring to ₹157 crore in just 24 hours Nandini Singh New Delhi As Royal Challengers Bengaluru (RCB) lifted their maiden Indian Premier League (IPL) trophy after an 18-year wait, celebrations erupted across Karnataka—sending liquor sales soaring to record highs on Tuesday. On June 3, Karnataka witnessed the sale of 148,000 boxes of bottled beer, raking in a staggering ₹30.66 crore in revenue. For comparison, just 36,000 boxes were sold on the same day last year, bringing in ₹6.29 crore. The jubilation didn't stop at beer. Other alcoholic beverages saw sales of 128,000 boxes, generating ₹127.88 crore. On June 3, 2024, the same sales category had only earned ₹19.41 crore. In total, the state collected a whopping ₹157.94 crore in liquor revenue on a single day—₹132.24 crore more than last year's total for the same date. . RCB's final triumph over Punjab Kings (PBKS), winning by six runs in Ahmedabad, was not just a cricketing milestone—it became a statewide festival. Streets of Bengaluru turned into rivers of red as fans chanted 'RCB and Kohli' and 'Ee Sala Cup Namde' (This year, the cup is ours). Fireworks lit up the night sky as emotions overflowed. VIDEO | Bengaluru: Night skies light up with fireworks as fans celebrate Royal Challengers Bengaluru's victory. RCB won their maiden title with a six-run victory over Punjab Kings in the final on Tuesday, ending an 18-year wait for the coveted trophy. #IPL2025 #IPLFinal — Press Trust of India (@PTI_News) June 3, 2025 Celebrations shift from streets to stadium Initially, an open-top bus parade was scheduled to run from Vidhana Soudha to M Chinnaswamy Stadium in Bengaluru on Wednesday. However, in a last-minute decision, Bengaluru Police announced the cancellation of the roadshow due to logistical and security concerns. Instead, fans can join the felicitation ceremony at Chinnaswamy Stadium from 5 pm to 6 pm. Entry will be allowed only for those holding valid tickets.
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Business Standard
21-05-2025
- Business
- Business Standard
₹4,000 for a jhola? Nordstrom's 'designer bag' leaves desis in shock
An everyday Indian jhola, usually sold for ₹100, is now retailing at ₹4,000 in the US-triggering disbelief, memes, and business ideas from desis online Nandini Singh New Delhi What costs ₹100 at a roadside stall in India is now retailing for nearly ₹4,000 abroad—and the internet is not having it. A traditional Indian jhola, the humble cloth shoulder bag known for its simplicity and thriftiness, has gone viral after appearing on the website of luxury US department store Nordstrom for a jaw-dropping $48 (approximately ₹4,000). The viral moment began when X user @wordi25 posted a photo of the listing with the caption: 'What in the name of scam is this!! Jhola being sold at a premium department store Nordstrom for $48! I'm a homesick person but even I haven't reached these levels of nostalgia.' Social media reacts: From memes to marketing plans The post triggered a meme storm, with users expressing everything from disbelief to entrepreneurial curiosity. 'Somebody should tell Chatak Sweet they need to start charging royalty fees from Nordstrom for this brand infringement,' quipped one user. Others poked fun at the irony of globalisation: 'The icing on the cake would be if those jholas turn out to be Made in China!' Then came the business pitches: 'New business idea: Export jholas by the kilo.' 'I should import a ton of Vimal bags from India and sell for £20 a piece.' Some questioned the economics: 'Do these really get sold? Like, have people left reviews and all?' Not the first time: Indian basics, Western prices This isn't the first time everyday Indian staples have popped up overseas with hefty mark-ups. A Times of India report previously highlighted how common snacks like Maggi noodles, which retail in India for ₹15–₹20, are sold for ₹300 in some UK stores. Biscuits like Good Day and Little Hearts, priced locally at ₹10, have been seen tagged at ₹100 abroad. A 400g pack of Bhujia that sells for ₹100 in India has reportedly been listed at ₹1,000 in foreign outlets. The trend doesn't spare fresh produce either—paneer was priced at ₹700 a pack, ladyfinger at ₹650 per kg, and a box of six Alphonso mangoes at an eye-watering ₹2,400. Harsh Goenka weighs in Industrialist Harsh Goenka also chimed in on the trend with a tongue-in-cheek observation: NRIs now pay more for a packet of haldi or hing than for a bottle of wine—and get served overpriced butter chicken by chefs 'with faux Italian accents.'
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Business Standard
17-05-2025
- Business
- Business Standard
India-Pak de-escalation 'bigger success than i'll get credit for': Trump
Trump said his intervention during India-Pakistan tensions helped avert a nuclear conflict, calling it a major success he believes he'll never be credited for Nandini Singh New Delhi US President Donald Trump has once again claimed credit for de-escalating high military tensions between India and Pakistan, saying his intervention averted what could have become a nuclear conflict between the two nations. Speaking to Fox News on Friday, Trump described the situation as one of his most significant foreign policy achievements—one that, he said, would never be fully acknowledged. 'A bigger success than I'll ever be given credit for. Those are major nuclear powers. Those are not like a little bit, and they were angry,' Trump said in the interview. When asked about his involvement in diffusing tensions before a planned trip to the Middle East, Trump confirmed that he had picked up the phone and spoken with both India and Pakistan during the crisis. He went on to describe the dangerous trajectory of the conflict at the time. 'And the next phase was probably—did you see where it was getting? It was tit for tat. It was getting deeper and more… more missiles, everyone was stronger, stronger. So to a point where the next one's going to be, you know what? The N word. You know the N word is, right?' Trump said, referring to 'nuclear.' 'It's the N word. That's a very nasty word, right? In a lot of ways. The N word used in a nuclear sense—that's the worst thing that can happen. And I think they were very close. The hatred was great," he said. Trump further said that he used trade negotiations as a tool to calm tensions. 'I said, we're going to talk about trade. We're going to do a lot of trade,' he added. The US President also claimed that India was willing to significantly reduce its high tariffs on American goods, as part of a broader effort to improve bilateral relations. 'India—they're one of the highest tariff nations in the world. They make it almost impossible to do business. Do you know that they're willing to cut 100 per cent of their tariffs for the United States?' Trump claimed. However, there has been no official confirmation from India regarding such tariff concessions. When asked if a trade deal with India was on the horizon, Trump responded: "Yeah, that'll come soon. I'm in no rush. Look, everybody wants to make a deal with us. South Korea wants to make a deal. But I'm not going to make deals with everybody. I'm just going to set the limit. I'll make some deals because I can—you can't meet with that many people. I've got 150 countries that want to make deals.' India-Pakistan conflict The tensions between the two nations began after the Pahalgam terror attack on April 22, in which 26 people were killed. In retaliation, India launched 'Operation Sindoor' on May 7, targeting terror infrastructure across the border. Pakistan responded and attempted to attack on Indian military bases on May 8, 9, and 10, triggering a series of fierce counterattacks by Indian forces on Pakistani military installations. After four days of intense cross-border drone and missile exchanges, India and Pakistan reportedly reached a mutual understanding on May 10 to halt hostilities. That same day, President Trump announced that both countries had agreed to a full and immediate ceasefire, following what he described as a long night of mediation efforts led by Washington.
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Business Standard
14-05-2025
- Business
- Business Standard
Why the latest US-UK trade deal has set off alarm bells in Beijing
Beijing warns against deals that risk sidelining Chinese industries, as London walks a tightrope between Washington and Beijing Nandini Singh New Delhi China has criticised a new trade agreement between the United States and the United Kingdom, voicing concern that the deal could be used to edge Chinese products out of British supply chains. The move has added new friction to the UK's efforts to rebuild strained ties with Beijing, reported Financial Times. The trade pact, signed under the Trump administration, is the first major US deal since the imposition of sweeping reciprocal tariffs last month. It includes strict national security clauses targeting key sectors like steel and pharmaceuticals — provisions that China sees as a direct threat to its economic interests. In a statement to the Financial Times, China's foreign ministry said, 'Co-operation between states should not be conducted against or to the detriment of the interests of third parties.' This strong response from Beijing puts the UK's new Labour government in a delicate position, caught between the geopolitical priorities of two of the world's largest economies. China has repeatedly cautioned countries against making bilateral deals with the US that could harm Chinese industries. Officials in Beijing fear that US President Donald Trump is using one-on-one trade talks to pressure partners into cutting China out of global supply chains. While the UK deal offers some tariff relief — particularly for car and steel exports — it still maintains a 10 per cent duty on a wide range of British goods. Crucially, the agreement includes sector-specific clauses tied to 'promptly meeting US requirements' on supply chain security and the 'ownership of production facilities'. UK officials also told the Financial Times that Trump explicitly indicated China was the intended target of these clauses. This revelation has caused unease in Beijing, especially as UK Prime Minister Sir Keir Starmer's administration had been signaling a desire to reset UK-China relations. 'China will need to respond — the UK should not have rushed to agree to the deal,' said a Chinese government adviser. Zhang Yansheng, a researcher at the China Academy of Macroeconomic Research, warned that the deal could be more damaging than tariffs. 'This type of poison pill clause is actually worse than the tariffs,' he said, urging Beijing to 'bluntly raise the issue in talks with the UK.' Despite the controversy, London emphasised that trade with China 'remained important to the UK' and promised to 'engage pragmatically in areas rooted in UK and global interests.'
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Business Standard
14-05-2025
- Business
- Business Standard
Wipro announces digital transformation partnership with Hachette UK
Wipro will modernise Hachette UK's IT systems with SAP S/4HANA to boost efficiency, agility, and help the publisher adapt quickly to changing market needs Nandini Singh New Delhi
