Latest news with #EBG
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Business Standard
06-07-2025
- Business
- Business Standard
Gold prices may be volatile as Trump's tariff deadline approaches: Analysts
Gold prices may see heightened volatility in the coming week as investors track a crucial July 9 tariff deadline, policy signals from major central banks, including the US Federal Reserve, and key global macroeconomic data, analysts said. "These factors could influence the near-term trajectory of gold prices," analysts said, adding that traders are expected to remain cautious ahead of any major policy cues or geopolitical developments. The 90-day suspension of Trump tariffs on imports from several countries, including India, ends on July 9, reviving the risk of a 26 per cent additional duty on Indian goods entering the US. "Going ahead, the focus will be on the interest rate cuts by key central banks, especially US Fed Reserve, the outcome of trade negotiation between US and its trading partners, incoming global economic data, which could impact the near-term gold prices," Pranav Mer, Vice President, EBG, Commodity & Currency Research at JM Financial Services Ltd, said. Investors will also closely monitor the release of the US Fed's FOMC (Federal Open Market Committee) meeting minutes. Last week, the precious metal futures for August delivery rose Rs 1,563, or 1.61 per cent, on the Multi Commodity Exchange (MCX). N S Ramaswamy, Head of Commodities Desk and CRM at Ventura, said gold prices in the international market, currently at USD 3,345 per ounce, could remain under selling pressure due to the solid US macroeconomic data that dented hopes of a July interest rate cut by the Federal Reserve. Despite some corrective rallies, Ramaswamy stated that "the short-term outlook favours consolidation and corrective upward movements, followed by a likely continuation of the broader downward trend". Ramaswamy, however, said fiscal deficit worries in the US and impending Trump tariffs decision could trigger fresh volatility and lift demand for the yellow metal. Central banks added a net 20 tonnes of gold to global gold reserves in May, he said. Prathamesh Mallya, DVP, Research, Non-Agri Commodities and Currencies at Angel One, said gold prices continue to be supported by a weakening US dollar and ongoing geopolitical concerns. "Dollar weakness has been a key part of gold prices rising in 2024 as well as in 2025. This trend will continue for the rest of the year," Mallya said. Meanwhile, JM Financial's Pranav Mer also pointed to persistent central bank purchases, and increased retail and institutional investments via ETFs as factors bolstering the long-term bullish case for gold prices.
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Business Standard
06-07-2025
- Business
- Business Standard
Gold prices may be volatile as Trump's tariff dedline approches: Analysts
Gold prices may see heightened volatility in the coming week as investors track a crucial July 9 tariff deadline, policy signals from major central banks, including the US Federal Reserve, and key global macroeconomic data, analysts said. "These factors could influence the near-term trajectory of gold prices," analysts said, adding that traders are expected to remain cautious ahead of any major policy cues or geopolitical developments. The 90-day suspension of Trump tariffs on imports from several countries, including India, ends on July 9, reviving the risk of a 26 per cent additional duty on Indian goods entering the US. "Going ahead, the focus will be on the interest rate cuts by key central banks, especially US Fed Reserve, the outcome of trade negotiation between US and its trading partners, incoming global economic data, which could impact the near-term gold prices," Pranav Mer, Vice President, EBG, Commodity & Currency Research at JM Financial Services Ltd, said. Investors will also closely monitor the release of the US Fed's FOMC (Federal Open Market Committee) meeting minutes. Last week, the precious metal futures for August delivery rose Rs 1,563, or 1.61 per cent, on the Multi Commodity Exchange (MCX). N S Ramaswamy, Head of Commodities Desk and CRM at Ventura, said gold prices in the international market, currently at USD 3,345 per ounce, could remain under selling pressure due to the solid US macroeconomic data that dented hopes of a July interest rate cut by the Federal Reserve. Despite some corrective rallies, Ramaswamy stated that "the short-term outlook favours consolidation and corrective upward movements, followed by a likely continuation of the broader downward trend". Ramaswamy, however, said fiscal deficit worries in the US and impending Trump tariffs decision could trigger fresh volatility and lift demand for the yellow metal. Central banks added a net 20 tonnes of gold to global gold reserves in May, he said. Prathamesh Mallya, DVP, Research, Non-Agri Commodities and Currencies at Angel One, said gold prices continue to be supported by a weakening US dollar and ongoing geopolitical concerns. "Dollar weakness has been a key part of gold prices rising in 2024 as well as in 2025. This trend will continue for the rest of the year," Mallya said. Meanwhile, JM Financial's Pranav Mer also pointed to persistent central bank purchases, and increased retail and institutional investments via ETFs as factors bolstering the long-term bullish case for gold prices. Gold prices have outperformed all the asset classes in the first half of 2025 with gains of nearly 25 per cent, Mer said.
Business Standard
10-06-2025
- Business
- Business Standard
DAEWOO India appoints EBG group as Strategic Partner for Home Appliances and Electronics Retail Expansion
EBG Group has partnered with DAEWOO a globally recognized Korean brand to exclusively extend their premium home appliances, electronics, and consumer goods to Indian market. This strategic alliance combines DAEWOO's cutting-edge technology and innovation with EBG's extensive marketing expertise and distribution networks. The association aims to disrupt India's home appliance and electronics retail by introducing high-quality, energy-efficient, and sustainable solutions tailored to modern Indian consumers. DAEWOO brings decades of technological innovation and high manufacturing standards, while EBG Group's deep understanding of Indian consumer preferences and retail operations positions it to successfully introduce and expand DAEWOO's products in India. According to Dr. Irfan Khan, Founder and CEO of EBG Group, 'the partnership aligns with EBG's long-term strategy to strengthen its market footprint, bringing premium appliances that meet the increasing demand for energy-efficient solutions. EBG Group will lead the retail and distribution expansion for DAEWOO Consumer Products across India, ensuring seamless access to products through a robust retail network and strong after-sales support. The focus is on creating a hassle-free shopping experience while providing consumers with reliable service infrastructure nationwide'. 'The partnership will introduce a range of high-performance, stylish and energy-efficient home appliances, including whole range of Home & Kitchen appliances as well as Smart home solutions, Mr. H. S. Bhatia, Managing Director, DAEWOO India said. With IoT-enabled devices and advanced energy-saving features, DAEWOO's products are designed to meet the needs of India's growing tech-savvy consumer base, who seek innovation, convenience, and sustainability. By combining technological advancements with deep market insights, both companies aim to bring premium, affordable, and high-tech solutions to Indian households, setting the stage for the next evolution in consumer electronics. 'EBG plans to create business opportunities for Indian entrepreneurs through an innovative franchise model. This initiative is expected to further strengthen DAEWOO's retail presence and empower local partners, with details to be announced soon', Mr. Hari Kiran, COO and Co-Founder of EBG Group said. 'We are excited to collaborate with Daewoo in bringing innovative, high-quality home appliances and electronics to India'. With DAEWOO brand EBG aim to develop a holistic ecosystem that enhances customer experience through reliable service, easy accessibility, and a nationwide after-sales network. About DAEWOO India DAEWOO is a global leader in the design and manufacturing of home appliances, electronics, and consumer goods. Known for its cutting-edge technology and commitment to quality, DAEWOO products are trusted by consumers around the world with presence in more than 70 countries. DAEWOO brand operates in India through their manufacturing and marketing partner M/s. Kelwon Electronics & Appliances Pvt. Ltd. With a focus on innovation and sustainability, DAEWOO continues to lead the way in creating products that make life easier, more comfortable, and more sustainable. About EBG Group EBG Group is a premier name in the Indian market, known for launching and managing premium tech and lifestyle brands. With an in-depth understanding of Indian consumer behaviour and a strong retail presence, EBG has built a reputation for providing innovative solutions and excellent customer experiences. Through this strategic partnership with DAEWOO, EBG aims to redefine the home appliances and electronics market in India.
Time of India
06-06-2025
- Business
- Time of India
DAEWOO partners with EBG group for India retail expansion
New Delhi: DAEWOO has appointed EBG Group as its strategic partner to lead retail and distribution of its home appliances and consumer electronics in India, the company said in a press release on Friday. According to the company, under the partnership, EBG will handle nationwide rollout, after-sales operations, and a proposed franchise model aimed at expanding regional access. Also the company plans to introduce a range of connected and energy-efficient appliances, including kitchen and smart home products. 'With IoT-enabled devices and advanced energy-saving features, DAEWOO's products are designed to meet the needs of India's growing tech-savvy consumer base, who seek innovation, convenience, and sustainability. By combining technological advancements with deep market insights, both companies aim to bring premium, affordable, and high-tech solutions to Indian households, setting the stage for the next evolution in consumer electronics,' said H. S. Bhatia, Managing Director, DAEWOO India . The collaboration will focus on building retail scale supported by service infrastructure and local market partnerships.
Forbes
21-04-2025
- Entertainment
- Forbes
Chefs Making Waves Returns To The High Seas Out Of The Port Of Miami This May
Chefs Making Waves takes over Norwegian's Gem Back for its second sail, the Chefs Making Waves food and wine festival at sea – presented by Sixthman, Agency 21 Consulting, and EBG – is gearing up for its first of two 2025 voyages. Setting sail from the Port of Miami on Norwegian Cruise Line, this adventure features two sea days and a stop in Cozumel taking place from Monday, May 5 to Friday, May 9, 2025. This intimate culinary festival is the ultimate getaway for those with an appetite for unique opportunities to taste and learn from some of the industry's most acclaimed culinary talents. Featuring a wide array of events ranging from walk-around tastings, cooking demonstrations, curated dinners, late-night themed parties, mixology classes and more, passengers will get the chance to learn from some of the best. The epic line up includes: Richard Blais, Robert Irvine, Maneet Chauhan, Tom Colicchio, Scott Conant, Antonia Lofaso, Jonathan Waxman, Geoffrey Zakarian, Claudette Zepeda, Lindsay Autry, Giorgio Rapicavoli, Michael Schwartz, Nyesha Arrington and more. 'Talent is always going to be best in class, as evident by having a fresh new line up including such amazing names as Geoffrey Zakarian and Tom Colicchio," says Brett Friedman, CEO of A21. Furthermore, we are dedicated to improving food integration with our host talent and greater options for guests to enjoy.' New to this year's culinary cruise, guests can look forward to restaurant takeovers at any of the ship's four restaurants and two dining rooms . Each restaurant will be paired with a duo or trio of chefs who will create various menu items to be served in a coursed-out line-up. Plus, the ship's buffet will feature special bites curated by the visiting celebrity chefs. "The only thing better than cruising the high seas, is cruising with a bunch of the best chefs in the country, " says Michael Schwartz, James Beard winner and founder of Genuine Hospitality in Miami. 'You get to see a whole different side of them — hopefully not the sea sick side!' Find him taking over Orchid Garden's menu with Nyesha Arrington and Richard Blais. Passengers who want to enhance their skills in the kitchen can pop into any of the live culinary demos to watch as the guest chefs and mixologists dish out their secrets and tricks. The voyage will also feature several onboard experiences, such as The Secret Sauce Speakeasy, presented by Justin's House of Bourbon, offering guests spectacular onboard immersive tasting experiences. Demos, dinners, and activities galore at Chefs Making Waves 'We try to program our guest experiences from morning, afternoon, dinner and through the evening,' says Friedman. 'We know that access to talent and the ability to meet and engage with them is important, so we focus on multiple moments where our guests may meet, participate and interact with our various personalities.' Post-dinner events include interactive culinary games for the entire group to enjoy, including Robert Irvine Live: Culinary Chaos, where guests will be given the opportunity to throw their name in the Culinary Chaos lottery and be chosen to join Robert on stage. Celebrity chef Robert Irvine is looking forward to his second year at Chefs Making Waves saying the floating festival has quickly become dear to him. 'First of all, I'm a Royal Navy veteran and I learned to cook aboard a ship, with a wonderfully memorable part of my early career unfolding aboard the Norwegian Crown, one of Norwegian Cruise Line's great standard-setting ships,' shares Irvine. 'Secondly, the collection of culinary minds at Chefs Making Waves would make it an incredible event even if it were held on land in a hotel ballroom. The fact that it takes place on a scenic cruise aboard the Norwegian Gem — one of the most gorgeous ships in NCL's fleet — takes it into the stratosphere. It creates memories that last a lifetime. I couldn't be more excited for it.' Robert Irivine & Maneet Chauhan Chefs Making Waves takes the food festival experience to the next level, by allowing the chefs full reign of the ship. Just like on a regular cruise, this bustling weekend will feature plenty of non-food focused activities — but instead of being overseen by your typical cruise staff, the chefs are taking over leading activities that are true to who they are both inside and outside the kitchen allowing guests to really get to know the chefs behind some of their favorite restaurants and television shows. Super fit Miami-based Giorgio Rapicavoli, owner/chef of Luca Osteria and Eating House, loves his gym time just as much as he enjoys being in the kitchen making him the perfect host for this year's Chops-Fit Class (a Crossfit-inspired workout) and the Neon Dash sunset fun run. 'This will be my second year being a part of Chefs Making Waves, and not only do I get to cook with other chefs that I admire, but I also get to share my true passion which is fitness,' says Rapicavoli. 'Between teaching the Chops-Fit class and getting to lead the fun run, Chefs Making Waves is allowing me to share my passion for making healthy lifestyle choices. I'll also host a chat about incorporating delicious foods into your daily routine — which is something that's really important and I never take for granted.' Guests who prefer to opt out of the fitness routine and sleep in will have the chance to attend Bloody Mary Bingo presented by Bacardi for refreshing beverages and breakfast fun. For those looking for something a little more lively and party inspired, leave it to Food Network's Chopped judge and Tournament of Champions champ, Maneet Chauhan. Find her behind the DJ booth during the Silent Disco or leading the charge during the Salsa and Salsa class during the Cozumel stop. 'I think I manifested it last year by jumping in and taking over the music aboard the first Chefs Making Waves,' says Chauhan of her new events. 'I'm just so excited to be back and I love any chance I have to dance and have fun. I know this event will be full of those moments.' Catch Scott Conant on stage during his Saucy Gnuds demo This is the perfect festival for those who really want a chance to connect with their favorite chefs. Casual and relaxed, Chefs Making Waves gives attendees the ability to interact and socialize with the talent in ways you typically can't. 'The accessibility to the chefs is unlike any other event out there,' says Friedman. ' They are incredibly visible and engaging with the consumers on board. They are at the bar; they participate in the dueling pianos; they are in the casino. It's rare to have such access.' In full cruise fashion, the booking of your stateroom includes all programming, plus and a complimentary Premium Plus Beverage Package that includes top-shelf cocktails, spirits, beer, champagne, and wine by the glass, unlimited soft drinks and juices, unlimited still and sparkling bottled water, Starbucks® coffee, specialty drinks, and energy drinks. Cabins are selling fast, but are still available for this exciting food-filled cruise. Can't make this one? Check out the Boston voyage happening this October. For more information, visit
