India's Election Commission will be announcing the dates for the 2024 General Elections and with that the model code of conduct will come into force from the time the dates are announced. Watch to know more!

India General Elections 2024: Election Commission to announce election schedule on March 16

The Election Commission on Thursday released data on the electoral bonds, following a Supreme Court order that directed the State Bank of India to hand over all data regarding the bonds to the election authority.

Electoral bonds data released online: EC makes public donors list after SC orde

India is experiencing a remarkable surge in investment reminiscent of the mid-2000s when growth rates exceeded 8%. That's what economists at Morgan Stanley are saying.

Morgan Stanley bullish on India's economy

Despite yesterday's fall, India's stock market has grown exponentially since 2019 and is currently valued at around 4.5 trillion dollars. And now, Jefferies financial group predicts that by 2030, the value of India's stock market will have more than doubled to $10 trillion. This is largely because of the country's track record of producing double-digit gains and ongoing economic reforms. Take a look at this next report. Watch to know more!

Jefferies expects India's economy to surpass Japan & Germany

The United Kingdom's economic woes continue. Wage growth grew by its slowest pace since October 2022. On the other hand, unemployment rose unexpectedly.

UK: Wage growth drops, unemployment rate rises

Pakistan is bracing for a crucial Economic Evaluation as the IMF Mission arrives in Islamabad to assess the nation's Financial standing with talks scheduled from March 14 to 18th.

Pakistan: IMF mission to arrive in Islamabad for economic review

UNICEF has issued a stark warning about the dire trajectory of child poverty in Argentina, cautioning that without a change in course, the country's child poverty rate could soar to 70 per cent in the first quarter of this year.

The report, released on Tuesday, highlights the profound impact of high inflation, weakening economic growth, and austerity measures on Argentina's most vulnerable population.

According to UNICEF, the poverty rate has surged rapidly from 57 per cent at the close of last year, with extreme poverty projected to reach 34 per cent, up from 19.4 per cent. This alarming trend highlights the urgent need for increased spending to safeguard the well-being of children.

Sebastian Waisgrais, UNICEF's Social Inclusion and Monitoring Specialist, expressed grave concerns about the potential repercussions of persisting with current policies.

"If current trends continue, the prevalence of poverty in children and adolescents in the first quarter of 2024 would reach values around 70 per cent," he cautioned, emphasising the profound implications for both current and long-term well-being.

The stark figures underscore the urgency of addressing the root causes of poverty and implementing measures to mitigate its devastating effects on Argentina's youth.

Argentina's new right-wing libertarian President, Javier Milei, has advocated for austerity measures to address the country's deep fiscal deficit and stabilise the economy.

However, these policies have come at a steep cost, exacerbating poverty levels and stifling economic growth.

Milei, who assumed office in December, faces the daunting challenge of curbing inflation, which has surged to over 250 per cent, severely eroding the purchasing power of citizens and exacerbating poverty.

Despite the imperative to address fiscal constraints, UNICEF has called for a prioritisation of children's welfare in policymaking.

Waisgrais stressed the importance of safeguarding children and adolescents amidst the country's fiscal challenges.

"Being fully aware of the fiscal restrictions that the country is facing, UNICEF asks that children and adolescents are prioritised," he remarked, urging greater investment in initiatives and welfare programs aimed at protecting vulnerable youth.

The report puts a spotlight on the critical need for targeted interventions to prevent a further escalation of poverty among Argentina's children.

(With input from Reuters)

UNICEF has issued a stark warning about the dire trajectory of child poverty in Argentina, cautioning that without a change in course, the country's child poverty rate could soar to 70 per cent in the first quarter of this year.

UNICEF has issued a stark warning about the dire trajectory of child poverty in Argentina, cautioning that without a change in course, the country's child poverty rate could soar to 70 per cent in the first quarter of this year. The report, released on Tuesday, highlights the profound impact of high inflation, weakening economic growth, and austerity measures on Argentina's most vulnerable population. According to UNICEF, the poverty rate has surged rapidly from 57 per cent at the close of last year, with extreme poverty projected to reach 34 per cent, up from 19.4 per cent. This alarming trend highlights the urgent need for increased spending to safeguard the well-being of children. Sebastian Waisgrais, UNICEF's Social Inclusion and Monitoring Specialist, expressed grave concerns about the potential repercussions of persisting with current policies. "If current trends continue, the prevalence of poverty in children and adolescents in the first quarter of 2024 would reach values around 70 per cent," he cautioned, emphasising the profound implications for both current and long-term well-being. The stark figures underscore the urgency of addressing the root causes of poverty and implementing measures to mitigate its devastating effects on Argentina's youth. Argentina's new right-wing libertarian President, Javier Milei, has advocated for austerity measures to address the country's deep fiscal deficit and stabilise the economy. However, these policies have come at a steep cost, exacerbating poverty levels and stifling economic growth. Milei, who assumed office in December, faces the daunting challenge of curbing inflation, which has surged to over 250 per cent, severely eroding the purchasing power of citizens and exacerbating poverty. Despite the imperative to address fiscal constraints, UNICEF has called for a prioritisation of children's welfare in policymaking. Waisgrais stressed the importance of safeguarding children and adolescents amidst the country's fiscal challenges. "Being fully aware of the fiscal restrictions that the country is facing, UNICEF asks that children and adolescents are prioritised," he remarked, urging greater investment in initiatives and welfare programs aimed at protecting vulnerable youth. The report puts a spotlight on the critical need for targeted interventions to prevent a further escalation of poverty among Argentina's children. (With input from Reuters)

UNICEF warns of alarming rise in child poverty in Argentina

According to the seat-sharing agreement, the BJP will contest on six Lok Sabha seats in Andhra Pradesh, while the TDP will contest on 17 seats.

India Elections 2024: NDA seals Andhra Pradesh seat deal

Ahead of the upcoming Lok Sabha Elections 2024, the Congress Central Election Committee (CEC) on Monday cleared names for 12 Lok Sabha seats in Madhya Pradesh, sources said.

India Elections 2024: Congress to announce 2nd list

Former India cricketer Yusuf Pathan has found his political debut, but this time in Mamata Banerjee’s West Bengal. For many, his political stint comes as a bit of a surprise and, if sources are to be believed, he took this decision after deep consideration.

India elections 2024 | West Bengal: TMC reels in former cricketer Yusuf Pathan

Two election commissioners are expected to be appointed by March 15, as per sources. These appointments are set to fill the vacancies left by the retirement of Anup Chandra Pandey and the sudden resignation of Arun Goel.

India elections 2024: Two election commissioners likely to be appointed on March 15: Report

In India, half of the electorate is female. Their vote has the power to make or break political party fortunes. It makes sense because women are their main source of votes. Today, we examine how assistance schemes are being used by the political class to court women.

Women have been voting in larger numbers in recent state polls in India

Welfare schemes and freebies are an integral part of India's polity. The line between what constitutes a freebie and a welfare scheme is a hazy one. But they have a huge impact on the political economy of India. We decode more on Pollnomics today.

India's race to power: Decoding India's 2024 election contest, welfare scheme ecosystem

India's race to power: Decoding India's political economy, welfare scheme ecosystem

Indian Prime Minister Narendra Modi will address a significant rally in Srinagar on March 7, marking his first visit since the abrogation of Article 370 from Jammu and Kashmir in 2019.

Modi in Kashmir: Indian PM to address rally, unveil infrastructure projects in Srinagar

At a time when China's economic recovery is losing steam, the country's premier Li Qiang has announced a growth target of 5% for 2024. However, his announcement lacked any concrete details, raising questions about the effectiveness of China's stimulus measures so far.

China sets its 2024 economic growth target at 5 percent

The Reserve Bank of India governor, Shaktikanta Das, raised India's economic growth forecast for 2024, citing strong performances in manufacturing, construction, and rural demand. He expects the economy to grow close to 8% this year, exceeding previous estimates. The governor also reiterated the RBI's commitment to controlling inflation despite ongoing geopolitical and weather uncertainties.

RBI Governor: India's growth forecast revised upward nears 8% this year

Chinese President Xi Jinping warned on Tuesday that the promotion of new productive forces as growth catalysts must not give rise to economic bubbles or unfettered expansion as Beijing seeks to build momentum in solidifying the nation’s recovery.

Xi Jinping: China must avoid economic bubbles

Xi Jinping says 'new productive forces' to fit local conditions, China must avoid economic bubbles

India's Financial Intelligence Unit (FIU) levied a fine of 54.9 million rupees ($662,565 approx) on Paytm Payments Bank, an affiliate of fintech giant Paytm, for alleged involvement in money laundering. This action followed a review prompted by law enforcement's information regarding alleged illegal activities such as online gambling facilitation.

"The money generated from these illegal operations proceeds of crime were routed and channelled through bank accounts maintained by these entities with the Paytm Payments Bank," the ministry said.

The ministry announced that after reviewing extensive documentation, it determined the validity of the allegations against Paytm Payments Bank.

A spokesperson for Paytm Payments Bank clarified that the penalty is over issues from a business that ceased operations two years ago.

In response to the findings, Paytm Payments Bank said it had bolstered its surveillance systems and reporting protocols to comply with requirements set by the FIU.

Also watch |&nbsp;Paytm overhauls banking board, CEO Vijay Shekhar Sharma resigns from Payments Bank Board

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/paytm-overhauls-banking-board-ceo-vijay-shekhar-sharma-resigns-from-payments-bank-board-694202/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<h2>Regulatory scrutiny and RBI directive</h2>

Earlier, the Reserve Bank of India (RBI) had instructed Paytm Payments Bank to cease operations by March 15, citing ongoing regulatory non-compliance issues and supervisory concerns.

Paytm acknowledged receiving inquiries from regulatory bodies, including the Enforcement Directorate, and pledged cooperation in providing necessary information and explanations.

<a href="https://www.wionews.com/business-economy/vijay-shekhar-sharma-steps-down-as-chairman-of-paytm-payments-bank-694098">Also read | Paytm CEO Vijay Shekhar Sharma steps down from payments bank board amid crisis</a>

While it remains unclear if the finance ministry's actions are linked to the RBI's directive, Paytm has taken steps to address compliance issues, including severing some connections with its payments bank division.

Paytm Payments Bank is majority-owned by CEO Vijay Shekhar Sharma, with Paytm holding the remaining stake. Sharma recently resigned as non-executive chairman and board member of the payments bank as part of a broader organisational restructuring effort.

(With inputs from agencies)

India's Financial Intelligence Unit (FIU) levied a fine of 54.9 million rupees ($662,565 approx) on Paytm Payments Bank, an affiliate of fintech giant Paytm, for alleged involvement in money laundering.

India's Financial Intelligence Unit (FIU) levied a fine of 54.9 million rupees ($662,565 approx) on Paytm Payments Bank, an affiliate of fintech giant Paytm, for alleged involvement in money laundering. This action followed a review prompted by law enforcement's information regarding alleged illegal activities such as online gambling facilitation. "The money generated from these illegal operations proceeds of crime were routed and channelled through bank accounts maintained by these entities with the Paytm Payments Bank," the ministry said. The ministry announced that after reviewing extensive documentation, it determined the validity of the allegations against Paytm Payments Bank. A spokesperson for Paytm Payments Bank clarified that the penalty is over issues from a business that ceased operations two years ago. In response to the findings, Paytm Payments Bank said it had bolstered its surveillance systems and reporting protocols to comply with requirements set by the FIU. Also watch | Paytm overhauls banking board, CEO Vijay Shekhar Sharma resigns from Payments Bank Board Regulatory scrutiny and RBI directive Earlier, the Reserve Bank of India (RBI) had instructed Paytm Payments Bank to cease operations by March 15, citing ongoing regulatory non-compliance issues and supervisory concerns. Paytm acknowledged receiving inquiries from regulatory bodies, including the Enforcement Directorate, and pledged cooperation in providing necessary information and explanations. Also read | Paytm CEO Vijay Shekhar Sharma steps down from payments bank board amid crisis While it remains unclear if the finance ministry's actions are linked to the RBI's directive, Paytm has taken steps to address compliance issues, including severing some connections with its payments bank division. Paytm Payments Bank is majority-owned by CEO Vijay Shekhar Sharma, with Paytm holding the remaining stake. Sharma recently resigned as non-executive chairman and board member of the payments bank as part of a broader organisational restructuring effort. (With inputs from agencies)

Paytm Payments Bank of India hit with $662,000 fine amid allegations of money laundering

Moody's Investor Service has revised its gross domestic product (GDP) forecast for India, citing the impressive performance of the South Asian economy in recent quarters.&nbsp; 
 
The ratings agency now anticipates a sturdy growth trajectory extending into 2024.&nbsp; 
 
"India's economy has performed well, and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8 per cent from 6.1 per cent," Moody's stated.&nbsp; 
 
They also noted that India is confident to maintain its status as the fastest-growing economy among G-20 nations over the forecast period. 
 
India witnessed its economy expanding at its swiftest pace in a year and a half during the final quarter of 2023, driven notably by robust manufacturing and construction activity.&nbsp; 
 
The recorded growth rate of 8.4 per cent exceeded economists' projections of 6.6 per cent.&nbsp; 
 
Moody's pointed out that the momentum from the third and fourth quarters of 2023 has seamlessly flowed into the first quarter of the current calendar year, as evidenced by high-frequency indicators. 
 
"Robust goods and services tax collections, rising auto sales, consumer optimism, and double-digit credit growth suggest urban consumption demand remains resilient," Moody's observed.&nbsp; 
 
Moreover, indicators on the supply side such as expanding manufacturing and services PMIs further boosted the evidence of solid economic momentum.&nbsp; 
 
The agency stressed the continuation of policies post the upcoming general elections expected by May, along with a sustained emphasis on infrastructure development. 
 
Although private industrial capital spending has been sluggish, Moody's expects a rebound, fueled by ongoing benefits from supply chain diversification and the government's initiatives to bolster key manufacturing sectors.&nbsp; 
 
The agency puts a spotlight on rising capacity utilisation, strong credit growth, and upbeat business sentiment as indicative of an improving outlook for private investment.&nbsp; 
However, it noted that headline inflation in January eased slightly to 5.1 per cent but remains above the central bank's target of 4 per cent.&nbsp; 
 
Moody's suggested that given the solid growth dynamics and inflationary pressures, policy easing is not anticipated in the near term.&nbsp; 
 
(With inputs from Reuters)

Moody's Investor Service has revised its gross domestic product (GDP) forecast for India, citing the impressive performance of the South Asian economy in recent quarters.

Moody's Investor Service has revised its gross domestic product (GDP) forecast for India, citing the impressive performance of the South Asian economy in recent quarters. The ratings agency now anticipates a sturdy growth trajectory extending into 2024. "India's economy has performed well, and stronger-than-expected data in 2023 has caused us to raise our 2024 growth estimate to 6.8 per cent from 6.1 per cent," Moody's stated. They also noted that India is confident to maintain its status as the fastest-growing economy among G-20 nations over the forecast period. India witnessed its economy expanding at its swiftest pace in a year and a half during the final quarter of 2023, driven notably by robust manufacturing and construction activity. The recorded growth rate of 8.4 per cent exceeded economists' projections of 6.6 per cent. Moody's pointed out that the momentum from the third and fourth quarters of 2023 has seamlessly flowed into the first quarter of the current calendar year, as evidenced by high-frequency indicators. "Robust goods and services tax collections, rising auto sales, consumer optimism, and double-digit credit growth suggest urban consumption demand remains resilient," Moody's observed. Moreover, indicators on the supply side such as expanding manufacturing and services PMIs further boosted the evidence of solid economic momentum. The agency stressed the continuation of policies post the upcoming general elections expected by May, along with a sustained emphasis on infrastructure development. Although private industrial capital spending has been sluggish, Moody's expects a rebound, fueled by ongoing benefits from supply chain diversification and the government's initiatives to bolster key manufacturing sectors. The agency puts a spotlight on rising capacity utilisation, strong credit growth, and upbeat business sentiment as indicative of an improving outlook for private investment. However, it noted that headline inflation in January eased slightly to 5.1 per cent but remains above the central bank's target of 4 per cent. Moody's suggested that given the solid growth dynamics and inflationary pressures, policy easing is not anticipated in the near term. (With inputs from Reuters)

Moody's raises India's GDP forecast in the middle of strong economic momentum

Toyota, the Japanese automaker, is confident to announce an investment of $2.2 billion in Brazil over the next few years, according to statements made by Brazil's vice-president. 
 
This substantial investment puts a spotlight on Toyota's commitment to boosts its presence in the South American country. 
 
The announcement is expected to be made at an event hosted at Toyota's factory in Sorocaba, Sao Paulo state. 
 
Geraldo Alckmin, Brazil's vice-president and minister for industry, revealed on social media that the investments are anticipated to create around 2,000 job opportunities while also facilitating the launch of new vehicle models. 
 
While Toyota has refrained from commenting on the specifics of its future plans, the statement comes following local media reports highlighting the impending investments. 
 
According to reports from O Globo's columnist Lauro Jardim, Toyota is set to manufacture a hybrid car and a sport utility vehicle (SUV) at its Sorocaba unit as part of the planned investment. 
 
Toyota's forthcoming investment in Brazil follows a series of similar announcements from other global automakers, including Volkswagen, General Motors, and Hyundai Motor. 
 
(With inputs from Reuters)

Toyota, the Japanese automaker, is confident to announce an investment of $2.2 billion in Brazil over the next few years, according to statements made by Brazil's vice-president.

Toyota, the Japanese automaker, is confident to announce an investment of $2.2 billion in Brazil over the next few years, according to statements made by Brazil's vice-president. This substantial investment puts a spotlight on Toyota's commitment to boosts its presence in the South American country. The announcement is expected to be made at an event hosted at Toyota's factory in Sorocaba, Sao Paulo state. Geraldo Alckmin, Brazil's vice-president and minister for industry, revealed on social media that the investments are anticipated to create around 2,000 job opportunities while also facilitating the launch of new vehicle models. While Toyota has refrained from commenting on the specifics of its future plans, the statement comes following local media reports highlighting the impending investments. According to reports from O Globo's columnist Lauro Jardim, Toyota is set to manufacture a hybrid car and a sport utility vehicle (SUV) at its Sorocaba unit as part of the planned investment. Toyota's forthcoming investment in Brazil follows a series of similar announcements from other global automakers, including Volkswagen, General Motors, and Hyundai Motor. (With inputs from Reuters)

Toyota set to invest $2.2 billion in Brazil, unveil new vehicle models

The election fever has gripped political parties, even before the first votes are cast. But we take a step back and look at how the economy performs around India's elections. We break down whether good economics is good politics. This is our special segment: Poll-nomics.

Explained: Link between polls & economy | Do voters reward good economics?

China has kicked off its 14th annual parliamentary meetings in which investors watch closely for signals of an economic stimulus. The meetings known as the two sessions release more details on policy plans such as the GDP Target for the year.

China: What could be in the government work report?

"Success is often achieved by those who don't know that failure is inevitable."- Gabrielle "Coco" Chanel

Today, the Chanel brand remains synonymous with luxury, sophistication, and a touch of rebellion.

It's a fashion house that continues to push boundaries, all while staying true to Coco's original mission: to empower women to be comfortable and confident in their skin.

Ready to join the legacy? Explore the world of Chanel and discover what timeless elegance means to you.

Who was she?

Coco Chanel, born Gabrielle Bonheur Chanel in 1883, wasn't your typical Parisian socialite.

Orphaned young and raised in an orphanage, she learned to sew from nuns, a skill that would become her life's compass.

Despite her challenging beginnings, Chanel possessed a fierce independence and a rebellious spirit that would define both her life and her revolutionary approach to fashion.

Kickstart of her career

In the year 1910, amid the cobbled streets of Paris, a millinery shop named "Chanel Mode" blossomed at 21 Rue Cambon.

This wasn't just any shop, it was the first chapter in the extraordinary life and legacy of Coco Chanel, a woman with dreams as grand as the Parisian skyline.

But hats weren't enough for Coco. Her ambitions, like her iconic pearls, were multi-stranded.

Soon, she set sail for Deauville, a haven where women embraced an active, carefree lifestyle. Inspired by their energy, Coco launched a revolutionary line – ready-to-wear garments for the modern woman who craved both freedom and elegance.

This daring move, like the crashing waves of Normandy, propelled her name to new heights.

Even the Great War couldn't dim Coco's fire. While the world around her was in turmoil, her business thrived.

She expanded her empire, employing over 300 artisans and establishing a magnificent couture collection in Biarritz.

By 1918, the war may have ended, but the reign of Coco Chanel was just beginning.

Her flagship store at 31 Rue Cambon, a testament to her unwavering spirit, opened its doors, ready to rewrite the fashion narrative.

Coco wasn't one to follow trends; she was a trendsetter. Inspired by the grace and practicality of menswear, she blurred the lines between feminine and masculine, introducing comfortable trousers to the previously skirt-dominated world of women's fashion.

She even defied social norms by embracing a short haircut, a silent rebellion against the long, flowing locks expected of women at the time.

Unlike the constricting corsets that suffocated women both literally and figuratively, Coco's designs prioritised comfort and freedom.

Her clothes were tailored for the working woman, allowing her to move, breathe, and conquer the world with both style and confidence.

Creation of Chanel no. 5

Fate brought her face-to-face with Grand Duke Dmitri. Their romance, though brief, blossomed into a tapestry of inspiration. His tales of imperial treasures and the rich fabrics of the church ignited Coco's creative spirit.

One serendipitous day, during a tour through the town of Grasse, Dmitri introduced Coco to Ernest Beaux, a perfumer with a lineage steeped in royal fragrance.

A year of experimentation followed, culminating in ten numbered vials presented to Coco.

Ignoring the traditional flowery perfumes, Coco, ever the paradoxical, gravitated towards number five. "I always launch my collections on the fifth," she declared, "and five seems to be my lucky number."

With a rebellious spirit, they rejected the crystal bottles of the day, opting for a sleek, rectangular design.

Inside, a revolutionary brew awaited - the world's first synthetic perfume, a symphony of eighty notes woven into a fragrance unlike any other.

It wasn't a mere scent; it was an essence, a "perfume for women that smelled like a woman." And so, Chanel No. 5, was born and, became a timeless classic, forever etched in the world of fragrance.

Tale of The Little Black Dress

The Roaring 20s was a time of roaring engines and societal shifts. Women were fighting for their voices, gaining rights, yet losing touch with their fashion flair. Enter Coco Chanel, a revolutionary with a needle and thread.

She saw the trend of "sad egalitarianism" stripping away feminine charm and decided to fight back. Her weapon? The little black dress.

This seemingly simple creation, a knee-length silhouette in forgotten crepe, was a silent rebellion. It was elegant, yet unfussy, sophisticated without pretence.

This "artless, rustic garb" became a symbol. It was copied, and reinvented, as a blank canvas for endless interpretations.

More than just a dress, it was a badge of empowerment, a whisper of defiance against the fading frills.

Coco wasn't done there. She experimented with jewellery, mixing the sparkle of crystals with the natural beauty of stones.

Surrounded by artists like Picasso and Stravinsky, she embraced her creative spirit. She was a woman of many facets, intelligent, witty, and a force to be reckoned with. As Picasso said, "the most sensible woman in the world."

The little black dress, like Coco herself, defied expectations and continues to be a timeless icon.

10-year hiatus from fashion

The world was engulfed in the flames of war, but amidst the chaos, Coco Chanel stood firm.

Despite her thriving fashion empire, she was forced to close her doors as shadows of conflict swept over Europe. Many fled, seeking refuge across borders, but Coco remained rooted in Paris.

However, her defiance came at a cost. An accusation of collaboration with the enemy, fueled by a love affair with a German officer, led to her arrest and swift release.

Shunned by Parisian society, Coco found solace in the tranquillity of Switzerland, where she spent nearly a decade in self-imposed exile.

While the world of fashion in Paris witnessed a post-war explosion of new talents, the legacy of Coco Chanel remained.

A comeback like never before

The war ended, and a new wave of fashion swept over Paris – creations were all about cinched waists, voluminous skirts, and "hyper-femininity." Coco, however, simply chuckled. "Look at these women," she quipped, "dressed by a man who doesn't know them, never had one, and dreams of being one."

Returning to Paris, she found a generation who only knew "Chanel" as a perfume brand.

Unfazed, she rented a tiny apartment at the Ritz, her beloved Parisian haven. When Marlene Dietrich asked why she was going back into fashion, Coco's answer was simple, "I'm dying of boredom."

Her comeback collection in Paris was met with shock. "Nothing new!" the critics sneered.

But Coco, ever the contrarian, understood her brilliance. This wasn't a flashy trend, it was timeless elegance, a concept lost on the Parisian crowd.

So, Coco took her "failed" collection across the Atlantic. America, with its open arms, embraced her.

The little black dress became a sensation, worn by a new generation of fashionistas. Coco, the phoenix of fashion, rose again, becoming a tycoon with the most influential house in the industry.

From the iconic Pink Chanel suit worn by Jackie Kennedy on a fateful day, to the practical pockets and over-the-shoulder bags, Coco's designs weren't just clothes, they were an art of living. Her legacy transcends trends, forever ingrained in the fashion world.

Coco, the woman who couldn't die working, breathed her last in her Ritz suite, overlooking the very house of fashion she built. Though only three dresses remained in her wardrobe, they were, as she'd say, "very stylish attires."

This, then, is the story of Coco Chanel, the woman who changed the fashion world, not with fleeting trends, but with the timeless language of elegance.

"Success is often achieved by those who don't know that failure is inevitable."- Gabrielle "Coco" Chanel Today, the Chanel brand remains synonymous with luxury, sophistication, and a touch of rebellion.

"Success is often achieved by those who don't know that failure is inevitable."- Gabrielle "Coco" Chanel Today, the Chanel brand remains synonymous with luxury, sophistication, and a touch of rebellion. It's a fashion house that continues to push boundaries, all while staying true to Coco's original mission: to empower women to be comfortable and confident in their skin. Ready to join the legacy? Explore the world of Chanel and discover what timeless elegance means to you. Who was she? Coco Chanel, born Gabrielle Bonheur Chanel in 1883, wasn't your typical Parisian socialite. Orphaned young and raised in an orphanage, she learned to sew from nuns, a skill that would become her life's compass. Despite her challenging beginnings, Chanel possessed a fierce independence and a rebellious spirit that would define both her life and her revolutionary approach to fashion. Kickstart of her career In the year 1910, amid the cobbled streets of Paris, a millinery shop named "Chanel Mode" blossomed at 21 Rue Cambon. This wasn't just any shop, it was the first chapter in the extraordinary life and legacy of Coco Chanel, a woman with dreams as grand as the Parisian skyline. But hats weren't enough for Coco. Her ambitions, like her iconic pearls, were multi-stranded. Soon, she set sail for Deauville, a haven where women embraced an active, carefree lifestyle. Inspired by their energy, Coco launched a revolutionary line – ready-to-wear garments for the modern woman who craved both freedom and elegance. This daring move, like the crashing waves of Normandy, propelled her name to new heights. Even the Great War couldn't dim Coco's fire. While the world around her was in turmoil, her business thrived. She expanded her empire, employing over 300 artisans and establishing a magnificent couture collection in Biarritz. By 1918, the war may have ended, but the reign of Coco Chanel was just beginning. Her flagship store at 31 Rue Cambon, a testament to her unwavering spirit, opened its doors, ready to rewrite the fashion narrative. Coco wasn't one to follow trends; she was a trendsetter. Inspired by the grace and practicality of menswear, she blurred the lines between feminine and masculine, introducing comfortable trousers to the previously skirt-dominated world of women's fashion. She even defied social norms by embracing a short haircut, a silent rebellion against the long, flowing locks expected of women at the time. Unlike the constricting corsets that suffocated women both literally and figuratively, Coco's designs prioritised comfort and freedom. Her clothes were tailored for the working woman, allowing her to move, breathe, and conquer the world with both style and confidence. Creation of Chanel no. 5 Fate brought her face-to-face with Grand Duke Dmitri. Their romance, though brief, blossomed into a tapestry of inspiration. His tales of imperial treasures and the rich fabrics of the church ignited Coco's creative spirit. One serendipitous day, during a tour through the town of Grasse, Dmitri introduced Coco to Ernest Beaux, a perfumer with a lineage steeped in royal fragrance. A year of experimentation followed, culminating in ten numbered vials presented to Coco. Ignoring the traditional flowery perfumes, Coco, ever the paradoxical, gravitated towards number five. "I always launch my collections on the fifth," she declared, "and five seems to be my lucky number." With a rebellious spirit, they rejected the crystal bottles of the day, opting for a sleek, rectangular design. Inside, a revolutionary brew awaited - the world's first synthetic perfume, a symphony of eighty notes woven into a fragrance unlike any other. It wasn't a mere scent; it was an essence, a "perfume for women that smelled like a woman." And so, Chanel No. 5, was born and, became a timeless classic, forever etched in the world of fragrance. Tale of The Little Black Dress The Roaring 20s was a time of roaring engines and societal shifts. Women were fighting for their voices, gaining rights, yet losing touch with their fashion flair. Enter Coco Chanel, a revolutionary with a needle and thread. She saw the trend of "sad egalitarianism" stripping away feminine charm and decided to fight back. Her weapon? The little black dress. This seemingly simple creation, a knee-length silhouette in forgotten crepe, was a silent rebellion. It was elegant, yet unfussy, sophisticated without pretence. This "artless, rustic garb" became a symbol. It was copied, and reinvented, as a blank canvas for endless interpretations. More than just a dress, it was a badge of empowerment, a whisper of defiance against the fading frills. Coco wasn't done there. She experimented with jewellery, mixing the sparkle of crystals with the natural beauty of stones. Surrounded by artists like Picasso and Stravinsky, she embraced her creative spirit. She was a woman of many facets, intelligent, witty, and a force to be reckoned with. As Picasso said, "the most sensible woman in the world." The little black dress, like Coco herself, defied expectations and continues to be a timeless icon. 10-year hiatus from fashion The world was engulfed in the flames of war, but amidst the chaos, Coco Chanel stood firm. Despite her thriving fashion empire, she was forced to close her doors as shadows of conflict swept over Europe. Many fled, seeking refuge across borders, but Coco remained rooted in Paris. However, her defiance came at a cost. An accusation of collaboration with the enemy, fueled by a love affair with a German officer, led to her arrest and swift release. Shunned by Parisian society, Coco found solace in the tranquillity of Switzerland, where she spent nearly a decade in self-imposed exile. While the world of fashion in Paris witnessed a post-war explosion of new talents, the legacy of Coco Chanel remained. A comeback like never before The war ended, and a new wave of fashion swept over Paris – creations were all about cinched waists, voluminous skirts, and "hyper-femininity." Coco, however, simply chuckled. "Look at these women," she quipped, "dressed by a man who doesn't know them, never had one, and dreams of being one." Returning to Paris, she found a generation who only knew "Chanel" as a perfume brand. Unfazed, she rented a tiny apartment at the Ritz, her beloved Parisian haven. When Marlene Dietrich asked why she was going back into fashion, Coco's answer was simple, "I'm dying of boredom." Her comeback collection in Paris was met with shock. "Nothing new!" the critics sneered. But Coco, ever the contrarian, understood her brilliance. This wasn't a flashy trend, it was timeless elegance, a concept lost on the Parisian crowd. So, Coco took her "failed" collection across the Atlantic. America, with its open arms, embraced her. The little black dress became a sensation, worn by a new generation of fashionistas. Coco, the phoenix of fashion, rose again, becoming a tycoon with the most influential house in the industry. From the iconic Pink Chanel suit worn by Jackie Kennedy on a fateful day, to the practical pockets and over-the-shoulder bags, Coco's designs weren't just clothes, they were an art of living. Her legacy transcends trends, forever ingrained in the fashion world. Coco, the woman who couldn't die working, breathed her last in her Ritz suite, overlooking the very house of fashion she built. Though only three dresses remained in her wardrobe, they were, as she'd say, "very stylish attires." This, then, is the story of Coco Chanel, the woman who changed the fashion world, not with fleeting trends, but with the timeless language of elegance.

Flashback Friday| From orphanage to fashion Olympus: The enduring legacy of Coco Chanel

Airlines are seeing a strong rebound in travel, as the industry recovers from the covid-19 pandemic..... I-a-g, the parent company of British Airways and Iberia, reported a six-fold increase in net profit to 2.9 billion dollars in 2023. Air France-Klm, another major airline group, also reported positive results in 2023, despite facing challenges at the end of the year. The group achieved record revenue of 32.4 billion dollars and a profit of 1 billion dollars.

Airlines see strong travel demand recovery

How did the global stock indices and commodity prices perform in the month of February? What is the economic outlook for the world? All this and much more in the monthly economic health check.

How the global economy performed in February

The Indian economy grew 8.4% during the October-December quarter beating the estimates by the RBI and the Dalal Street. The RBI had pegged the growth for this quarter at 6.5%. Also, in a big move to reduce India’s dependency on imports to the requirement of semi-conductors, the government has approved setting up of 3 chip manufacturing units in the country.

India grows at 8.4% in October-December quarter

Japan's January factory output fell at the fastest pace since May 2020. The reason: a downturn in automobile production added to the fall in output. Industrial output fell 7.5% in January from the previous month, slightly worse than the market forecast for a 7.3% drop. This is not good news for the Japanese economy, which slipped into recession late last year.

Factory output falls at fastest pace since May 2020 in January

Japan's factory output experienced its sharpest decline since May 2020, according to government data released on Thursday, increasing worries about the country's fragile economy, which slipped into recession late last year.

Data from the Ministry of Economy, Trade and Industry (METI) revealed a 7.5 per cent drop in industrial output in January compared to the previous month, slightly worse than the market forecast of a 7.3 per cent decrease.

The downturn affected 14 out of 15 industries surveyed by METI, prompting the ministry to downgrade its assessment of industrial output for the first time since July last year.

Gabriel Ng, assistant economist at Capital Economics, expressed concerns about the implications of the sharp decline in industrial production. "The plunge in industrial production in January suggests that GDP will fall yet again this quarter, which will add to the view that Japan's economy is in recession" Reuters quoted him as saying.

Analysts fear that Japan's economic recovery may be stalling, especially with the manufacturing sector facing challenges.

The automotive industry bore the brunt of the production downturn, with output in motor vehicles plummeting by 17.8 per cent in January compared to the previous month.

The decline was attributed to decreases in regular passenger cars and electrical drive systems production.

Toyota Motor, a prominent Japanese automaker, suspended shipments of certain models in January due to irregularities found in certification tests for diesel engines developed by affiliate Toyota Industries.

Additionally, Toyota's small-car unit Daihatsu continued to suspend production at domestic plants following misconduct related to collision-safety tests.

The gradual resumption of operations by Daihatsu this month indicates efforts to address these challenges.

Kota Suzuki, an economist at Daiwa Securities, noted the significance of the slump in automobile-related production, stating its impact on the broader Japanese economy.

Suzuki stated, "The drop in automobile-related production, which had remained exceptionally strong amid stagnant (industrial) production due to weak global demand for goods, is a major blow to the Japanese economy."

The decline extended beyond the automotive sector, with manufacturing of electrical machinery and information and communication electronics equipment also experiencing an 8.3 per cent decrease.

Despite the outlook for January, manufacturers surveyed by the industry ministry anticipate a rebound in production in the coming months.

Forecasts indicate a 4.8 per cent increase in seasonally adjusted output for February and a further 2.0 per cent rise in March.

However, these projected gains may not fully offset the impact of January's decline, according to a METI official.

Meanwhile, uncertainties loom over the potential effects of a powerful earthquake that struck Japan's Noto Peninsula on New Year's Day, with its impact on manufacturers' plans yet to be fully understood.

In a separate report offering a glimmer of hope, Japanese retail sales rose by 2.3 per cent year-on-year in January, marking the 23rd consecutive month of increases and aligning with market expectations.

The resilience of retail sales provides some optimism that consumption may help alleviate pressure stemming from the downturn in the industrial sector, offering a potential avenue for economic recovery.

(With inputs from Reuters)

Japan's factory output experienced its sharpest decline since May 2020, according to government data released on Thursday, increasing worries about the country's fragile economy, which slipped into recession late last year.

Japan's factory output experienced its sharpest decline since May 2020, according to government data released on Thursday, increasing worries about the country's fragile economy, which slipped into recession late last year. Data from the Ministry of Economy, Trade and Industry (METI) revealed a 7.5 per cent drop in industrial output in January compared to the previous month, slightly worse than the market forecast of a 7.3 per cent decrease. The downturn affected 14 out of 15 industries surveyed by METI, prompting the ministry to downgrade its assessment of industrial output for the first time since July last year. Gabriel Ng, assistant economist at Capital Economics, expressed concerns about the implications of the sharp decline in industrial production. "The plunge in industrial production in January suggests that GDP will fall yet again this quarter, which will add to the view that Japan's economy is in recession" Reuters quoted him as saying. Analysts fear that Japan's economic recovery may be stalling, especially with the manufacturing sector facing challenges. The automotive industry bore the brunt of the production downturn, with output in motor vehicles plummeting by 17.8 per cent in January compared to the previous month. The decline was attributed to decreases in regular passenger cars and electrical drive systems production. Toyota Motor, a prominent Japanese automaker, suspended shipments of certain models in January due to irregularities found in certification tests for diesel engines developed by affiliate Toyota Industries. Additionally, Toyota's small-car unit Daihatsu continued to suspend production at domestic plants following misconduct related to collision-safety tests. The gradual resumption of operations by Daihatsu this month indicates efforts to address these challenges. Kota Suzuki, an economist at Daiwa Securities, noted the significance of the slump in automobile-related production, stating its impact on the broader Japanese economy. Suzuki stated, "The drop in automobile-related production, which had remained exceptionally strong amid stagnant (industrial) production due to weak global demand for goods, is a major blow to the Japanese economy." The decline extended beyond the automotive sector, with manufacturing of electrical machinery and information and communication electronics equipment also experiencing an 8.3 per cent decrease. Despite the outlook for January, manufacturers surveyed by the industry ministry anticipate a rebound in production in the coming months. Forecasts indicate a 4.8 per cent increase in seasonally adjusted output for February and a further 2.0 per cent rise in March. However, these projected gains may not fully offset the impact of January's decline, according to a METI official. Meanwhile, uncertainties loom over the potential effects of a powerful earthquake that struck Japan's Noto Peninsula on New Year's Day, with its impact on manufacturers' plans yet to be fully understood. In a separate report offering a glimmer of hope, Japanese retail sales rose by 2.3 per cent year-on-year in January, marking the 23rd consecutive month of increases and aligning with market expectations. The resilience of retail sales provides some optimism that consumption may help alleviate pressure stemming from the downturn in the industrial sector, offering a potential avenue for economic recovery. (With inputs from Reuters)

Japan's factory output plummets in January as economic concerns mount

US President Joe Biden warned top congressional leaders Tuesday of the dire cost of failing to give Ukraine military aid as he hosted high-stakes talks at the White House.

US: Economy grows by 3.3% in last three months of 2023

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