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Royal Mail owner set to return to profit in first figures since £3.6bn takeover

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Royal Mail owner set to return to profit in first figures since £3.6bn takeover



The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6 billion takeover by Czech billionaire Daniel Kretinsky.

International Distribution Services (IDS) will post figures for the 12 months to March 31 after a milestone year for the group, which saw Royal Mail taken into foreign ownership for the first time in its more than 500-year history.

The year has also seen regulator Ofcom rubber stamp reforms allowing Royal Mail to ditch second class letter deliveries on Saturdays and change the service to every other weekday, which the group can start rolling out from July 28.

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IDS said in January that it was on course to return to annual adjusted operating profit, before voluntary redundancy costs, in 2024-25, “despite the difficult market environment”.

Its third quarter update showed group revenues lifted 0.8% to £3.6 billion thanks in part to a parcel boost over Christmas.

Royal Mail parcel revenues rose 2.5% to £1.02 billion in the quarter as prices rose, while the division was also helped by a better performance internationally, where revenues jumped 6.6% to £227 million.

But the group warned in November that it was facing a £120 million hit from the incoming national insurance tax hike and that it could not rule out job cuts or price hikes to offset the blow.

It also saw an investigation launched in May after it only delivered just over three-quarters of first-class post on time last year, following hefty fines for missing targets in previous years.

Parent group IDS formally left the London Stock Exchange on June 2 after being taken over by Mr Kretinsky’s EP Group following clearance by the Government at the end of 2024 and approval by shareholders in April.

Royal Mail’s new owner also issued a £1 so-called golden share to the UK Government, as agreed under the deal.

Mr Kretinsky – appointed as the new chairman of Royal Mail – has pledged to stick to the Universal Service Obligation (USO) after the takeover.

Royal Mail also announced in recent days that it will be the first international postal operator to launch new services so people can continue sending goods to the United States as new customs requirements take effect from August 29.

Royal Mail customers now can use the company’s new postal delivery duties paid (PDDP) services, which follows a US executive order last month that goods valued at 800 dollars or less will no longer be exempt from import duties and taxes from August 29.

The Institute of Directors (IoD) has warned around 30% of its member firms that export to the US will be hit by the new rules, with smaller companies predominantly impacted.



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Forget Vande Bharat Sleeper- Indian Railways New Luxurious Coach To Set New Benchmark Of Comfort – Watch

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Forget Vande Bharat Sleeper- Indian Railways New Luxurious Coach To Set New Benchmark Of Comfort – Watch


Indian Railways is expected to roll out the Vande Bharat Sleeper for the public very soon. The Vande Bharat Sleeper is fitted with amenities that redefines the luxury of long distance travel for common people. While Indian Railways’ passengers eagerly await the Vande Bharat Sleeper launch, the public transporter has unveiled the prototype of the latest luxurious interior, which will replace the modern Vande Bharat Sleeper.

The upcoming Vande Bharat Sleeper trains will introduce redesigned upper berths aimed at making long-distance travel more comfortable and accessible for passengers of all age groups, a government official said on Wednesday. Nishank Garg, Director of the Vande Bharat Project at Kinet—the joint venture overseeing the trains’ development—told IANS that extensive passenger feedback guided the redesign process.

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“Many passengers feel the upper berth is uncomfortable and difficult to reach. We took this feedback seriously while designing the new Vande Bharat Sleeper,” Garg said. He added that the ladder to the upper berth has been re-engineered for ease of use, making it more convenient and safer. “This feature will be included in the very first train, which we plan to deliver next year. Work is progressing rapidly,” he added.

Evgeny Maslov, Chief Designer of the project at Kinet, said the design represents a step forward in redefining comfort in Indian rail travel. “Our aim is to offer a next-level travel experience. Vande Bharat is a landmark initiative for India, and this is our vision for its future,” Maslov said.

Kinet Railway Solutions—a partnership between Russia’s Transmashholding, the country’s largest rolling stock manufacturer, and India’s Rail Vikas Nigam Limited (RVNL)—has been contracted to design and produce 1,920 sleeper coaches (120 trainsets) for the Vande Bharat project. The joint venture will also maintain the coaches for the next 35 years.

Railway Minister Ashwini Vaishnaw highlighted India’s progress in railway modernisation under Prime Minister Narendra Modi’s leadership, noting that 35,000 kilometres of new track have been laid, 46,000 kilometres electrified, and 40,000 new coaches manufactured over the past 11 years.

He said the transformation reflects the government’s sustained focus on upgrading India’s railway infrastructure and passenger experience.





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Gold & silver price prediction today: Will bullish momentum of MCX Gold, MCX Silver continue ahead of Diwali? Here’s the outlook for gold, silver rates – The Times of India

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Gold & silver price prediction today: Will bullish momentum of MCX Gold, MCX Silver continue ahead of Diwali? Here’s the outlook for gold, silver rates – The Times of India


Given the ongoing geopolitical tensions, inflationary concerns, and a weak global economic outlook, gold remains a preferred safe-haven asset. (AI image)

Gold and silver price prediction today: Both gold and silver prices are exhibiting strong bullish momentum and investors should look to buy on dips, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:

MCX Gold Outlook:

MCX Gold prices are currently trading around the ₹1,27,000 mark, reflecting strong bullish momentum. On the international front, COMEX gold is comfortably holding above the $4,000 level, further reinforcing the positive trend. This price behaviour indicates that gold is consistently forming higher lows, which is a classic sign of strength in technical analysis. The ability to protect previous support levels suggests that buyers are active at lower levels, absorbing selling pressure and preparing for potential upside moves.From a short-term trading perspective, gold prices have the potential to move towards the ₹1,30,000 level if the current momentum continues. Traders can consider accumulating positions near the ₹1,26,000 support zone, where buying interest has previously emerged. A strong support base is seen at ₹1,23,500, and any dip toward this level may offer a good risk-reward entry for bullish positions.Given the ongoing geopolitical tensions, inflationary concerns, and a weak global economic outlook, gold remains a preferred safe-haven asset. These factors are likely to keep demand strong and prices buoyant in the near term. As long as prices sustain above the key support levels, the outlook for gold remains optimistic with further upside potential.

MCX Gold Trading Strategy:

  • CMP: 127000
  • Target: 130000
  • Stoploss: 123500

Buy on Dips near to 126000 for the above mentioned target

MCX Silver Outlook

MCX Silver has shown significant strength and has outperformed MCX Gold in recent sessions, currently trading around ₹1,60,000 levels. This rally reflects robust bullish sentiment driven by a combination of industrial demand, investment interest, and a positive technical setup. Silver’s strong price action suggests that market participants are confident in its upside potential, especially as it continues to make higher highs and higher lows, a clear sign of an ongoing uptrend.Compared to gold, silver tends to exhibit more volatility, which can offer attractive trading opportunities. Any corrective move or dip toward the ₹1,57,000 level can be seen as a buying opportunity, supported by strong demand and momentum. On the upside, prices have the potential to move toward ₹1,63,000 in the near term. Traders should maintain a stop-loss at ₹1,54,000 to manage risk effectively in case of unexpected price reversals.Silver’s dual role as both a precious and industrial metal makes it a favored asset in times of economic uncertainty, as well as during periods of industrial recovery. With favorable fundamentals and technical strength, silver remains well-positioned for further gains, and buying on dips strategy could prove rewarding in the current market environment.

MCX Silver Trading Strategy

  • CMP: 160000
  • Target: 163000
  • Stoploss: 154000

Buy on Dips near to 157000 for the above mentioned target(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)





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Galeries Lafayette sets foot in India with Mumbai store – The Times of India

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Galeries Lafayette sets foot in India with Mumbai store – The Times of India


MUMBAI: Parisian luxury department store Galeries Lafayette is tapping India for growth, a market it said lacks luxury retail avenues for high spending consumers who shop for a spate of labels across pricey fashion houses and shopping stores abroad.The retailer’s flagship store in Paris’s Boulevard Haussmann is the second most-visited tourist spot in the French capital after Eiffel Tower and attracts 35 million visitors a year, half of which are foreigners.Galeries Lafayette, which is launching in India through partnership with the Aditya Birla Group, will open its first store in Mumbai early next month, after eight years of studying the local market and consumer nuances.“India is a key and strategic country. It also has great opportunities in terms of growth. Indian consumers are already very interested in buying luxury brands and products. They consume them not only in India but also abroad — Dubai, Singapore, the UK, Paris and especially in Galeries Lafayette. Clearly, there is a lack of offer inside India…there are no (luxury) department stores here,” Galeries Lafayette CEO Arthur Lemoine, told TOI in an interview here.The India foray, announced three years back, comes at a time when US tariff turmoil has clouded global growth prospects, nudging companies to review strategies.Of the 67 Galeries Lafayette stores globally, 58 are in home market France with the rest of the nine outlets spread across Asia including China, Indonesia and Dubai.The luxury brand has stitched a 20-year licensing agreement with the Aditya Birla Group. “Beyond the year which are written in the contract, we are here to build the future together,” said Lemoine. The four-storey department store in south Mumbai will house a broad range of global products — from bags to beauty, apparel and accessories. From a Rs 25-lakh bag to a Rs 3,000 lipstick, the idea is to cater to the luxury consumers but also tapping into the premium cohort who are willing to upgrade to high-end brands.“Luxury in our country today stands at the threshold of transformation,” said Aditya Birla Group chairman Kumar Mangalam Birla, adding that “In the span of less than a decade, the market is set to grow over four-fold from $20 billion to almost $90 billion by 2030.”The brand play will be omni-channel to give access to a wider set of affluent consumers, many of whom are sitting in non-metros. “In India, we have pockets of consumption all across the country,” said R Sathyajit, CEO, international brands at Aditya Birla Fashion & Retail adding that the company’s own website will be launched in a couple of months.Delhi will house the next Galeries Lafayette store. Currently, the assortment at the store is global with a tilt towards French and Parisian brands. “Over a period of time, we would also like to be a platform for emerging designers in India as well. The beauty of a department store is that it evolves with time, reflecting changing generations, tastes,” Sathyajit said.





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