Covid had helped boost demand for luxury brands in India as international travel restrictions shifted sales to domestic stores. That is now sto get another boost due to narrowing of the price gap between foreign and local markets after accounting for the 20% tax collected at source (TCS), mall owners said.
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.
Bengaluru (Karnataka) [India], January 16 (ANI/NewsVoir): STORIES, one of the largest lifestyle destinations in the South of India, opened its showroom in Bengaluru today. The showroom was jointly inaugurated by N A Haris, MLA of Shanthi Nagar Constituency, Bengaluru, and Uzma Irfan - Director, The Prestige Group in the presence of the management team from STORIES including Saheer KP Founder, Haris KP, Chairman, Abdul Nazeer KP, Managing Director, Firozlal TK, Director, Mohammed Bhasil, Director and Rajan Narayan, CEO. The showroom, located on the 2nd floor of the Lulu Global Mall in Rajaji Nagar, showcases the finest in furniture, furnishings, decor, and homeware. STORIES is the perfect blend of the finest quality at affordable prices. The new store in Bengaluru will offer world-class furniture and home accessories for every class of people. For 15 years, STORIES has been redefining personal spaces, creatively and imaginatively. The Bengaluru store will offer products that are of the
New Delhi [India], November 8 (ANI/PRNewswire): Since its inception almost a decade ago, The Maruti Suzuki Devils Circuit Races by Volano Entertainment Pvt Ltd have attracted athletes and thrill-seekers alike. Proclaimed to be the Toughest Race in Asia, the winners of the Legends Cup category have been army personnel, fitness trainers, and professionals with an affinity to personal fitness. After a 30-month gap, due to the pandemic, The Rockstar of Running Events marks its return with an 8 City rollout and looks at attracting over 50,000 devilslayers who will test themselves on a 5kms long rugged track, interspersed with 15 challenging obstacles. And as part of this year's rollout, Prestige Group is hosting the races at their premium landbanks in Chennai, Hyderabad & Bengaluru. The Prestige Group, over the last many years, have built an impeccable track record in real estate. With successfully completed diverse projects like apartments, villas, layouts and commercial project, P