CATALOGUE
IKEA to set up compact stores for expansion in smaller cities
IKEA is shifting its India strategy by introducing compact stores in smaller cities to enhance accessibility. These stores, as small as 10,000 sq ft, will feature digital catalogs showcasing IKEA's 7,000 products, with diverse delivery options. While initially focusing on six major cities, IKEA plans to explore tier II and III cities.
Swiss check their watches, it shows India's time
Luxury Swiss watchmakers are increasingly targeting India due to slowing consumption in China. Swiss watch exports to India surged nearly 30% in the first quarter of 2025, making it the fastest-growing market globally. This growth is fueled by a rising aspirational younger generation and expanding retail presence in both metros and smaller cities.
Shape shifters: Sculptures take center stage in the art world
Indian Modern and Contemporary art sales are soaring, with sculptures emerging as a significant segment. Interest and sales volume have notably increased since 2022, with auction houses reporting a rise in sculptures offered and prices exceeding estimates.
The Runway Beasts: When nilgais try to catch a flight
Indian airports are facing increased wildlife intrusions, posing a significant threat to flight safety. Recent incidents involving nilgais, jackals, and even a lion have prompted heightened alert levels and mitigation efforts. Airports are implementing measures like habitat modification, trapping, and technology-driven deterrents to minimize the risk of wildlife strikes, which can lead to catastrophic accidents.
Reliance Retail Q4 Results: Cons PAT jumps 29% YoY to Rs 3,545 crore, revenue rises 16%
Reliance Retail Q4 Results: Reliance Retail Ventures reported a robust 29% YoY increase in net profit for Q4FY25, reaching Rs 3,545 crore, driven by strong revenue growth of 16.3% to Rs 78,622 crore. The company's performance was fueled by improved efficiencies, innovative formats, and strategic investments in technology and customer experience.
NFO Alert: Edelweiss Mutual Fund launches BSE Internet Economy Index Fund
Edelweiss Asset Management Limited has introduced the Edelweiss BSE Internet Economy Index Fund, an open-ended index fund replicating the BSE Internet Economy Total Return Index. The NFO is open for subscription from April 25 to May 9, offering investors exposure to India's burgeoning digital economy, expected to reach USD 1 trillion by 2030.
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US Supreme Court to hear case against LGBTQ books in schools
The US Supreme Court is set to hear a case concerning parents' religious rights to exempt their children from classes involving LGBTQ content. Parents are suing a Maryland school district for retracting opt-out options for curricula including books on homosexuality and gender identity. They claim the inclusive curriculum infringes upon their religious and First Amendment rights.
Tariffs could lift Boeing and Airbus plane prices even higher
Commercial aircraft prices have surged by about 30% since 2018 and are expected to rise further due to inflation, supply chain issues, and new tariffs. Boeing and Airbus face higher costs for materials like titanium and aluminum—exacerbated by sanctions on Russian exports—and increased labor expenses from recent union agreements.
CPI(M) writes to Jaishankar, urges him to raise student visa revocation issue with US
CPI(M) MP John Brittas has urged External Affairs Minister S Jaishankar to address the alarming revocation of Indian students' US visas. Brittas's letter highlights seemingly minor infractions leading to visa cancellations, demanding intervention at the highest levels. He seeks clarity, reversal of unfair decisions, and assurance of fair treatment for students.
NYT Mini Crossword, April 18, 2025: Answers and hints to solve the Friday challenge
Friday’s NYT Mini Crossword offers a balanced blend of easy and medium-difficulty clues. Here are all the answers and hints for April 18.
Justin Bieber’s team dismisses $20 million debt rumours post 2023 tour cancellation
Justin Bieber’s representatives have strongly denied claims made by The Hollywood Reporter that the singer is in $20 million debt following his cancelled Justice World Tour. The report also alluded to a personal and professional "crisis," which his team has called baseless and malicious. Amid career shifts and personal transformation, Bieber remains focused on forging a new path.
GTPL Hathway crosses Rs 3,500 crore revenue in FY25
In Q4 FY25, the company posted total revenue of Rs 898.9 crore, marking a 10% increase compared to the same period last year. For the entire fiscal year, revenue stood at Rs 3,507.2 crore. Broadband revenue saw a 4% annual increase, totaling Rs 545.6 crore.
They sold their likeness to AI platforms and regretted it
Actors like Simon Lee are discovering their AI-generated avatars being misused in misleading adverts and propaganda, after licensing their image to AI marketing firms. Despite earning modest fees, many signed contracts with unclear or abusive clauses, leaving them powerless. Legal experts warn that technology is outpacing regulation, risking exploitation.
Stranded and struggling: The hidden cost of isolation on New Zealand's Chatham Islands
The Chatham Islands, a remote NZ territory, faces a crisis of basic infrastructure and economic hardship, exemplified by long medical waits and unreliable supply lines. Islanders are frustrated by their significant contribution to NZ's fishing GDP with minimal returns. They seek government support for essential infrastructure upgrades and a fairer share of fishing quota to build a sustainable future, hoping Regional Development Minister Shane Jones' visit will yield tangible change
Pocket FM logs 68% revenue growth in FY25
Audio series platform Pocket FM reported Rs 1,768 crore in FY25 revenue, up 68%, driven by growth in India, the US, and Europe. With ARR nearing Rs 2,000 crore, the company leverages AI to cut costs and expand content. It now eyes Latin America expansion, despite prior layoffs and ongoing investor discussions.
23 Soviet troops turned to stone by aliens? CIA memo unearths Cold War mystery
A Cold War-era CIA document has resurfaced online, recounting a bizarre incident in which Soviet troops allegedly engaged with a UFO in the late 1980s, leading to 23 soldiers reportedly being turned to stone by a blast of bright light. Sourced from a KGB file, the story has reignited debates about extraterrestrial life and secret military knowledge, drawing both fascination and scepticism from officials, ex-intelligence agents, and the global public.
Ace investor Shankar Sharma’s slum story shows why India’s manufacturing dreams still depend on China
Veteran investor Shankar Sharma’s post about a gym equipment workshop in a Mumbai slum has sparked a broader conversation about India’s ongoing dependence on Chinese manufacturing. Despite hopes of becoming a global factory alternative, India’s production ambitions are being stalled by imported parts and strangled by restrictive land-use rules.
'Milky Seas' mystery solved: Scientists close in on the enigma of a 400-year-old maritime phenomenon
For centuries, mariners have reported extraordinary glowing waters, known as milky seas, previously dismissed as myth. A new study compiling over 400 verified reports aims to unravel this elusive phenomenon. Researchers hope to predict occurrences, understand their impact on marine ecosystems, and explore potential links to climate change, finally bringing scientific scrutiny to this long-observed mystery.
Getting the basics right; India’s tariff shield
Union minister Piyush Goyal called on startups to expand their vision, but what stands in the way? This and more in today’s ETtech Top 5.
GeM facilitates over Rs 38,500 crore in transactions for over 30,000 startups
The government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for 30,000+ startups, reinforcing its position as a true catalyst in India's innovation ecosystem. According to the ministry, women entrepreneurs comprise 8% of the total seller base on GeM.
Netflix US April 2025 releases: Black Mirror season 7 to You; here’s what’s on offer
The new seasons of You and Black Mirror will be released on Netflix this month. The streaming giant will also introduce new original content like the French series Astérix & Obelix, Devil May Care and Bullet Train Explosion. Here’s a detailed look at what Netflix is offering in April
Test, Chhaava and Jewel Thief to headline Netflix's April 2025 line up
Netflix India will air films like Test and Jewel Thief - The Heist Begins this month. Vicky Kaushal’s Chhaava will also be released on the streaming giant this month. Apart from that Netflix India will air the latest seasons of hit shows like You and Black Mirror.
Lost Nazi fortune? The $100 million gold coin trove that survived WWII is now up for auction
A coin collection hidden underground for over 50 years is set to break records, with experts estimating its value at over $100 million. The Traveller Collection, assembled by an anonymous collector in the 1930s, features 15,000 rare coins spanning centuries and continents. Concealed during World War II, this numismatic treasure trove will be auctioned in a historic multi-year sale. The extraordinary backstory and the sheer rarity of the coins make this a once-in-a-lifetime event for collectors and historians alike.
Amazon Fashion’s Next Gen Store logs 3X growth in Gen Z shoppers
In tier-II cities too, the fast fashion store witnessed a 4X rise in customers. This success is an indicator of the way digital platforms are reshaping fashion accessibility, allowing trend-forward selections to reach beyond metropolitan boundaries, pointed out Siddharth Bhagat, director of Amazon Fashion and Beauty India.
Taylor Swift fans decode hidden clue in singer’s new 'Snake Necklace': Check price, meaning and where to buy?
Taylor Swift’s choice of a Jacquie Aiche Marquise Diamond Snake Necklace in her award acceptance video has sparked fan speculation. Priced at Rs. 802,900, the necklace is available in 14k yellow, rose, and white gold and can be purchased from the Jacquie Aiche website. Beyond its luxury appeal, the snake design is symbolic of Swift’s Reputation era, leading fans to believe she is hinting at the upcoming release of Reputation: Taylor’s Version.
India’s key role in CICA’s counterterrorism initiatives and the fight against radicalization
CICA's focus is on combating terrorism and preventing radicalization, with India leading since 2022. India's role includes advancing counterterrorism cooperation, enhancing environmental initiatives and contributing to regional stability. Consultations with India aim to align these efforts and strengthen partnerships.
Times Music buys Indian regional record labels symphony, ARC
Times Music has acquired Symphony Recording Co and ARC Musicq, regional labels in Tamil and Kannada music genres, respectively. These acquisitions mark Times Music's strategic expansion in the Indian regional music market, enhancing its portfolio and establishing it as a leader in Tamil devotional music.
Macy’s planning to close 150 stores, was related to Ivanka Trump for this reason
During the latter half of the last decade, Macy's also found itself unwillingly embroiled in a clash of ideologies in a highly polarised political atmosphere following the inauguration of Trump's first presidency in 2017. Macy's faced mounting pressure when an online movement calling on retailers to stop doing business with the Trump family gained momentum.
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