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India needs to be strategic in a ‘tribal mindset world’, control assets, have a strong P&L View More
Aptus Value Housing Finance reported strong Q4FY26 results, with a 26% YoY rise in net profit. Analysts remain positive due to robust return ratios and growth strategies, despite recent stock volatility. View More
India and Russia are nearing a critical minerals deal. The agreement will cover exploration, processing, and technology for vital resources like lithium and rare earths. This move aims to reduce India's reliance on China. Corporate investments will also be facilitated. View More
New Delhi: India and Russia are in advanced talks to sign a preliminary agreement on critical minerals covering exploration, processing and technological collaboration, two sources familiar with the matter said. The deal is expected to focus on lithium and rare earths, with the two governments also set to facilitate corporate investments, the sources said, declining to be identified as the deliberations were not public. Also Read: India must speed up domestic resource production amid global supply risks: Vedanta The agreement could be signed within two months, they added. "We have shared a draft of the proposed agreement with our Russian counterparts," one of the sources said. Live Events The Ministry of Mines, which is leading discussions with Russia, did not respond to a Reuters email seeking comment. Russia's Ministry of Industry and Trade and the office of First Deputy Prime Minister Denis Manturov also did not respond to requests for comment. India is keen to cut its dependence on China, which dominates global supplies of several key minerals and has advanced mining and processing technology, and secure new overseas supplies to support its energy transition and infrastructure development. New Delhi has signed critical minerals agreements with Argentina, Australia and Japan, and is in talks with Peru and Chile on broader bilateral agreements that also include critical minerals. Also Read: Centre approves 58 companies under critical mineral recycling scheme However, India has had limited success in securing overseas critical minerals assets and has so far signed only a single lithium exploration and mining project agreement, covering five blocks in Argentina in 2024. India could also revisit Russian state nuclear corporation Rosatom's lithium exploration project in Mali if the political situation in the West African nation stabilised, one of the sources said. Earlier this year, Reuters reported that India withdrew from the Mali lithium project because of security concerns. New Delhi has signed a series of agreements this year with countries including Germany, Brazil and Canada to strengthen access to technology and partnerships. In 2023, the government identified more than 20 minerals, including lithium, as critical for its energy transition and rising industrial and infrastructure demand. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Balmer Lawrie is the first central public sector undertaking to partner with Welspun One across its portfolio View More
The shares of RFBL Flexi Pack IPO are trading at par with the offer price in the grey market, signalling no loss or profit for the investors. RFBL Flexi Pack IPO's listing date is next week. View More
Gaurik Fashions has filed draft IPO papers with Sebi to raise funds through a fresh issue of 62 lakh shares and an OFS of 8 lakh shares by Aries Opportunities Fund. The retailer, which operates stores for brands such as Skechers, Guess and Bugatti, plans to use the proceeds to expand its retail footprint by opening new stores and funding inventory requirements across its subsidiaries. View More
New Delhi-based fashion and lifestyle retail player Gaurik Fashions on Tuesday filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through its initial public offering (IPO). The company, which operates stores for Skechers, Guess, Bugatti and several other brands across multiple locations, proposed to raise funds through an IPO, which would comprise a fresh issue of 62 lakh equity shares along with an offer for sale (OFS) of 8 lakh shares by existing investor Aries Opportunities Fund. How will Gaurik Fashions use the IPO proceeds? Gaurik Fashions aims to get listed on the stock exchanges BSE and National Stock Exchange (NSE). It said that the proceeds from the fresh issue will be primarily used to strengthen its retail footprint through the launch of new stores for the global footwear brand Skechers. It added that a portion of the funds will also be invested in its wholly owned subsidiary, Gaurik Lifestyle, for opening new Guess outlets, and in subsidiary Nuvora Retail for expansion of Bugatti stores, including funding initial inventory requirements. Additionally, the company also plans to use part of the IPO proceeds towards repayment of debt at both the parent and subsidiary levels, along with fulfilling general corporate needs. Credora Partners and Unistone Capital are acting as the book-running lead managers to Gaurik Fashions’ IPO, while MAS Services has been appointed registrar. About Gaurik Fashions Gaurik Fashions is a franchise-based business specializing in apparel and sportswear, associated with global brands. As of March 2026, Gaurik Fashions managed 59 stores across 14 states and union territories, with outlets located in some major high-footfall locations, including DLF Mall of India, DLF CyberHub, Select Citywalk and DLF Promenade in Delhi NCR. Live Events Gaurik Fashions reported an EBITDA margin of 26.14%. Its Skechers business recorded an average revenue per square foot of Rs 16,157 during the nine months ended December 2025, while Bugatti reported revenue per square foot of Rs 46,636. Guess posted an average selling price of Rs 7,299 and average order value of Rs 11,303, reflecting continued traction in the premium fashion segment, the company said. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Married couple from Bengaluru, shared why someone can be earning well and still feel poor in the city. Both product managers, shared their over ?1 lakh monthly budget without including vacations, investments or any luxury purchase. View More
REIT reports gross leasing of 1.6 million sq ft in the quarter, with nearly half contributed by global capability centres View More