LVMH South, Southeast Asia and Middle East Chairman and L Capital Asia Managing Partner Ravi Thakran discusses luxury goods in Asia and what's driving growth. He speaks with Bloomberg's Rishaad Salamat on "Trending Business."

'India is far behind in the luxury industry'

Siemens has plans of capex of Rs 1,100 crore to expand capacity to meet incremental domestic and export opportunities

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Older phones cannot support the app's evolving features, which is why WhatsApp will discontinue support for certain systems at specific points in their lifecycle

A new Centre of Excellence on Classical and Quantum Communications for 6G has been inaugurated this year at the IITM Research Park in Chennai to spearhead research and development in 6G technologies

The first meeting of the 39-member parliamentary panel on 'one nation, one election' is set to be held on January 8, setting the tone for nationwide deliberations on the key poll reform measure of the BJP-led NDA government.
Parliamentary sources said the first meeting of the Joint Committee on bills for simultaneous elections to the Lok Sabha and state assemblies, chaired by BJP member P P Chaudhary, is likely to be an introductory one with officials briefing the panel on the two bills to implement a long-cherished election promise of the BJP.
The Constitution (129th Amendment) Bill and the Union Territories Laws (Amendment) Bill were introduced in the Lok Sabha last week and referred to the joint committee of Parliament on Friday, the last day of the Winter Session.
The government decided to increase the committee's strength from 31 to 39 as more political parties expressed the desire to be part of the exercise to examine the two draft legislations on simultaneous elections.
Form

The government decided to increase the committee's strength from 31 to 39 as more political parties expressed the desire to be part of the exercise to examine the two draft legislations

Bangladesh's interim government on Monday said it has sent a diplomatic note to New Delhi seeking the extradition of deposed prime minister Sheikh Hasina from India, a move that may further strain the ties between the two countries.
India confirmed receiving the 'note verbale' or diplomatic communication from the Bangladesh high commission in New Delhi but refrained from making any comment on it.
Bangladesh's de facto foreign minister Touhid Hossain said Dhaka wants Hasina back to face the judicial process.
"We have sent a note verbale to the Indian government saying that Bangladesh wants her back here for the judicial process," Hossain told reporters in Dhaka.
In New Delhi, External Affairs Ministry spokesperson Randhir Jaiswal said: "We confirm that we have received a Note Verbale from the Bangladesh High Commission today in connection with an extradition request."
"At this time, we have no comment to offer on this matter," he said in response to a question.
Hasina, 77, has bee

Yunus, who assumed office on August 8, claimed that about 1,500 people, including students and workers, were killed while 19,931 others were wounded during the protest against the Hasina government

The CII pointed out that despite being successful, the PSL framework required recalibration to stay relevant

The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

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'India is far behind in the luxury industry'

LVMH South, Southeast Asia and Middle East Chairman and L Capital Asia Managing Partner Ravi Thakran discusses luxury goods in Asia and what's driving growth. He speaks with Bloomberg's Rishaad Salamat on "Trending Business."

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