Prada has announced that it'll collaborate with Indian artisans to produce Made-in-India Kolhapuri-inspired luxury sandals, each worth €800 (about ₹85,000). This comes weeks after the fashion brand faced widespread backlash for featuring the sandals at their show without giving credit to India. Prada will make 2,000 pairs of the limited-edition collection of sandals in Karnataka and Maharashtra.

Top 1% of Indians hold 40.1% of the wealth, while the bottom 50% have only 6.4% of the wealth, according to the World Inequality Report 2026. The richest 10% of Indians hold 57.7% of the income, while the bottom 50% own just 15%. The income gap between the top 10% and the bottom 50% is 38.2%.

JPMorgan Chase and Co has received the Reserve Bank of India's in-principle approval to set up its new branch in India after nearly a decade. The investment banking company last received approval in 2016 to open three branches in the country. The fourth branch will open in Pune and cater to corporate clients.

The value of Meesho founders Vidit Aatrey and Sanjeev Kumar's stake in the e-commerce startup has jumped to over $1.4 billion. This comes after Meesho's shares listed at a premium of 45% to its IPO issue price. Moreover, Aatrey and Kumar sold 1.6 crore shares each as part of the offer to sale, making around $30 million each, TOI reported.

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