Business
Gap will add beauty products to Old Navy stores later this year
A sign hangs in a Gap Outlet store window in Chicago on May 29, 2025.
Scott Olson | Getty Images
Gap on Thursday announced it is expanding into beauty starting with its Old Navy brand, a strategic shift by the apparel company.
Its initial test will feature beauty and personal-care products at 150 Old Navy stores, as well as dedicated beauty associates and some shop-in-shops. The company plans to scale the beauty business next year.
It was unclear when the company eventually plans to put beauty products in Gap brand stores. The company said it plans to “launch brand-right expressions across the portfolio” next year.
“Gap Inc. sees a clear and meaningful opportunity to expand into this category with plans for a phased launch, starting with an initial test-and-learn expression at Old Navy later this fall,” the company said in a statement.
The stock closed roughly 5% higher Thursday.
The beauty segment has proven to be one of the most resilient in retail in recent years despite high inflation and worries about tariffs. Gap cited Euromonitor data that said the beauty and personal-care market is one of the fastest-growing categories in the U.S., projected to exceed $100 billion this year.
Even so, the success of beauty products has made it a more competitive space than ever.
The company said it will also expand its accessories business after seeing “strong customer reception” to its present products.
The new move comes as Gap has experienced a resurgence over the past two years.
“This momentum is enabling Gap Inc. to seize exciting opportunities for growth and innovation, helping ensure the company remains competitive and successful in the future,” the statement said.
Tata Motors Vehicles Price In India: Tata Motors on Sunday announced that it will pass on the entire benefit of the recent GST rate cut to its commercial vehicle customers. The new prices will be effective from September 22, the day the revised GST rates come into force.
“Tata Motors will pass on the full benefit of the recent GST reduction on its entire commercial vehicle range to customers, effective September 22, the date the revised GST rates come into effect,” the company said in a statement.
The price cuts will vary across different vehicle categories. Heavy commercial vehicles (HCVs) will see a reduction ranging between Rs 2.8 lakh and Rs 4.65 lakh. Intermediate, light, and medium commercial vehicles (ILMCVs) will become cheaper by Rs 1 lakh to Rs 3 lakh.
Buses and vans will see reductions between Rs 1.2 lakh and Rs 4.35 lakh. Small commercial passenger vehicles (SCVs) will get price cuts between Rs 52,000 and Rs 66,000, while SCVs and pickups will become cheaper by Rs 30,000 to Rs 1.1 lakh. The company said the GST on commercial vehicles has been reduced to 18 per cent, a move that it believes will help revive India’s transport and logistics sector.
Girish Wagh, Executive Director of Tata Motors, said the decision reflects the government’s commitment to strengthening the country’s economic backbone. He added that Tata Motors is proud to extend the full GST benefit to customers, ensuring lower costs and better access to modern vehicles.
Tata Motors highlighted that commercial vehicles play a crucial role in India’s growth by driving logistics, trade, and connectivity. With the GST reduction, the company expects the total cost of ownership for transporters, fleet operators, and small businesses to come down.
This will encourage faster fleet modernisation and wider adoption of advanced, cleaner mobility solutions, helping operators cut costs, improve efficiency, and boost profits. The company has also encouraged customers to book vehicles early to take advantage of the reduced prices during the upcoming festive season.
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Business
Trump tariffs on India’s software exports? Why IT sector is worried – double taxation, visa tightening may deal a blow – The Times of India
India’s IT sector is worried about the possible imposition of tariffs on software exports to the US by the Donald Trump administration. The IT sector is already experiencing challenges due to worldwide economic uncertainties and the increasing adoption of AI-based automation, according to industry specialists.The US government’s potential consideration of extending tariffs to software exports has created significant concern within India’s information technology industry, as this could severely impact their operations in their main market.
Trump tariff fears: Why is Indian IT sector worried?
The implementation of tariffs on services exports by the US administration could result in dual taxation, as Indian software companies already contribute substantial tax payments in the United States, according to an ET report.Additional restrictions on visa regulations might lead to increased operational costs due to necessary local recruitment in the US or neighbouring regions.
Tech in trouble?
The Indian technology services outsourcing sector, valued at $283 billion and including companies such as Tata Consultancy Services, Infosys, HCLTech and Wipro, derives over 60% of its earnings from the United States, whilst maintaining its primary workforce in India.However, the US administration has not yet formally announced or indicated any such intentions. Concerns arose after Peter Navarro, the US President’s senior advisor for trade, shared a social media post on X suggesting the application of tariffs on all outsourcing and foreign remote workers.A US conservative commentator Jack Posobiec posted: “Countries must pay for the privilege of providing services remotely to the US the same way as goods. Apply across industries, levelled as necessary per country.”Such implementation would affect all technology service recipients who utilise services from India and similar nations.
Will Trump impose tariffs on IT?
Phil Fersht, CEO and chief analyst at HFS group, suggests that discussions about tariffs on India’s outsourcing sector represent more political messaging than actual policy intentions. Nevertheless, any outsourcing penalties would generate immediate uncertainty, increase operational costs and affect profit margins during an already challenging demand period, the ET report said.“Imposing duties on digital labour flows is far more complex than taxing goods crossing borders. The US depends heavily on India’s IT and engineering talent, whether onsite through H-1B visas or offshore through remote delivery, to keep its own technology economy competitive,” Fersht said.“In addition, several tech billionaire leaders exert significant influence over the Trump administration, and many of them are strongly pro-India because their global businesses depend heavily on Indian engineering talent, delivery capability and market access.”Yugal Joshi, partner at US-based technology consultancy and analyst firm Everest Group, was quoted as saying: “These companies pay significant taxes in the US and therefore, the tariff will be double taxation… It will further harm growth of India-based service providers and even GCCs, if they are tariffed too.”
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