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luxury brands: Proposed tax on international card purchases may drive sale of luxury brands in India

The Indian government s proposal to impose a 20% tax on expenditures made abroad under the Liberalised Remittance Scheme is expected to boost the sale of luxury brands in India. Due to the pandemic, international travel restrictions shifted sales to domestic stores, and the narrowing price gap between foreign and local markets, after accounting for the 20% tax collected at source, is attracting Indian consumers.

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F&O Manual | Bulls on the charge, but supply pressure likely; Nifty may find support at 19,500

Sameet Chavan, Head Research, Technical and Derivatives, Angel One, said, the market has shown its intent and it would be just a matter of time before the benchmark would come out from the broader consolidation zone to regain a strong momentum.

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india: India turning into magnet for foreign luxury brands

India is becoming an attractive destination for foreign luxury brands as they aim to tap into the growing affluence of Indian consumers. Factors such as exposure to global trends, younger consumers purchasing luxury goods, and a post-pandemic economic boom are driving this trend. Luxury brands like Laderach, Galeries Lafayette, Balenciaga, TimeVallee, and Keune are entering the Indian market. Despite inflation impacting entry-level product categories, the luxury market in India is thriving.

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India turning into magnet for foreign luxury brands, Retail News, ET Retail

India is becoming an attractive destination for foreign luxury brands as they aim to tap into the growing affluence of Indian consumers. Factors such as exposure to global trends, younger consumers purchasing luxury goods, and a post-pandemic economic boom are driving this trend. Luxury brands like Laderach, Galeries Lafayette, Balenciaga, TimeVallee, and Keune are entering the Indian market. Despite inflation impacting entry-level product categories, the luxury market in India is thriving.

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stock recommendations: 2 top stock recommendations from Aditya Agarwala

stock recommendations: 2 top stock recommendations from Aditya Agarwala
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