Latest news with #Thailand-made
Time of India
15-05-2025
- Time of India
Customs seizes drugs worth 40 crore at Karipur airport
1 2 Kozhikode: In yet another major drug bust, air Customs at Calicut International Airport seized 34kg of hybrid ganja (cannabis) and 15kg of drug-laced confectionary items, together worth Rs 40 crore, from three women who landed from Thailand on Tuesday night. The arrested women were identified as Chennai native Rabiyat Saidu Sainudheen (40), Coimbatore native Kavitha Rajeshkumar (40) and Thrissur native Simi Balakrishnan (39).Acting on a tip, air Customs officers and air intelligence unit intercepted the women who arrived in Kozhikode on an Air Asia flight (AK-33) from Thailand via Kuala Lumpur at 11.45pm on Tuesday. Customs officers said the 15kg of drug-laced confectionery items included chocolates, cakes and cream biscuits were all made in Thailand and many were brought in the guise of well-known confectionary brands."Various Thailand-made chocolates, cakes and cream biscuits were laced with synthetic drugs. Preliminary test using a narcotics test kit indicated the presence of amphetamines. Will be doing lab tests for confirmation," said a senior customs officer.A case was registered under provisions of NDPS Act and Customs Act. "We are questioning the passengers to investigate the role of the larger syndicate involved in the smuggling of narcotics," said Customs officers, adding that investigation was on to find the person who was supposed to receive this drug officers said that the three women had travelled to Thailand a week had seized 18kg of hybrid cannabis (ganja), valued at Rs 9 crore, that was smuggled into the country via Calicut International Airport on Monday. Police had arrested Mattannur native Rijil (35) and Thalassery native Roshan R Babu (33) when they came to the airport to collect the contraband that was packed inside a trolley bag in 14 vacuum sealed packets. Authorities suspect that a passenger who arrived in an Etihad flight from Abu Dhabi at 8pm on Monday had brought the drug.
The Hindu
14-05-2025
- The Hindu
Three women arrested with alleged hybrid ganja, drug-laced sweets worth ₹40 crore at Karipur airport in Kerala
Air Customs intelligence wing at the Calicut international airport, Karipur, seized 34 kg of allehed hybrid ganja and 15 kg of drug-smeared sweets worth nearly ₹40 crore from three women who arrived from Thailand on Wednesday (May 14, 2025). The women – Simi Balakrishnan, 39, from Thrissur, Rabiyat Saidu Zainuddin, 40, from Chennai and Kavita Rajesh Kumar, 40, from Chennai – reached Karipur on Air Asia's flight AK-33 from Thailand. They reached Karipur via Kuala Lumpur. Customs officers detained them on the basis of a tip-off, and recovered 35 kg of alleged hybrid ganja and 15 kg Thailand-made chocolate, cake and biscuit smeared in drugs. Customs officers said the drugs were valued at ₹40 crore in the international market.
Yahoo
23-04-2025
- Business
- Yahoo
Ray-Ban maker EssilorLuxottica confirms outlook, to raise US prices due to tariffs
By Hugo Lhomedet and Alessandro Parodi (Reuters) -Ray-Ban maker EssilorLuxottica ( on Wednesday confirmed its forecasts through 2026 but also said it was implementing measures including U.S. price increases to manage the impact of import duties in that country. The company, which makes lenses and sunglasses in Thailand and China and exports premium frames from Europe, is exposed to potential tariffs of up to 36% on Thailand-made products and 145% on those from China, and up to 20% on imports from Europe. "Clearly we're not immune to tariffs; we make about 43% of our revenue base in the U.S.", Chairman and CEO Francesco Milleri told analysts in a post-earnings call. "We're moving toward the price adjustment in the single-digit territory in the U.S. across the different product lines and across our distribution channels", Milleri said. He added that the company would continue diversifying its supply chain. While most of Trump's tariffs have been paused for 90 days until July 8, those on Chinese imports and a 10% universal rate remain in place. The Franco-Italian group reaffirmed its target of mid-single-digit percentage growth in annual revenue between 2022 and 2026 at constant exchange rates, with a goal of 27-28 billion euros ($30.6-31.7 billion) by the end of the period. It also confirmed it expects adjusted operating profit equal to 19% to 20% of revenues by 2026, compared to 17% at the end of last year. In the first quarter, EssilorLuxottica posted a 7.3% increase at constant rates in its revenues, to 6.85 billion euros, helped by gains in Europe and the strong performance of its Ray-Ban Meta smart glasses, it said. Quarterly sales in the Asia-Pacific region, the group's fastest growing market, grew by a yearly 10.4% at constant rates, helped by rising demand for its myopia management solutions, a growing offering which Jefferies analysts expect to achieve 25-35% annual growth in the foreseeable future. "EL has largely delivered against a high consensus bar in our view, with robust revenue growth in a tough consumer marketplace," RBC said in a note. ($1 = 0.8810 euros)
Fashion Network
23-04-2025
- Business
- Fashion Network
EssilorLuxottica confirms outlook despite tariff impact
maker EssilorLuxottica on Wednesday confirmed its forecasts through 2026 but also said it was implementing measures to manage the impact of U.S. import duties, after it reported a 7.3% increase in first-quarter revenue at constant rates. The Franco-Italian group posted quarterly sales of 6.85 billion euros ($7.78 billion) and reaffirmed its target of mid-single-digit percentage growth in annual revenue between 2022 and 2026 at constant exchange rates, with a goal of 27-28 billion euros by the end of the period. It also confirmed it expects adjusted operating profit equal to 19% to 20% of revenues by 2026, compared to 17% at the end of last year. It did not provide details on the expected impact from U.S. President Donald Trump 's import tariffs. The company, which makes lenses and sunglasses in Thailand and China and exports premium frames from Europe, is exposed to potential tariffs of up to 36% on Thailand-made products and 145% on those from China, and up to 20% on imports from Europe. While most of Trump's tariffs have been paused for 90 days until July 8, those on Chinese imports and a 10% universal rate remain in place. Analysts have said the trade measures are weighing on the company's margins and may prompt further adjustments to its supply chain. The group's quarterly sales in the Asia-Pacific region, its fastest growing market, grew by a yearly 10.4% at constant rates, helped by rising demand for its myopia management solutions, a growing offering which Jefferies analysts expect to achieve 25-35% annual growth in the foreseeable future.
Fashion Network
23-04-2025
- Business
- Fashion Network
EssilorLuxottica confirms outlook despite tariff impact
Ray-Ban maker EssilorLuxottica on Wednesday confirmed its forecasts through 2026 but also said it was implementing measures to manage the impact of U.S. import duties, after it reported a 7.3% increase in first-quarter revenue at constant rates. The Franco-Italian group posted quarterly sales of 6.85 billion euros ($7.78 billion) and reaffirmed its target of mid-single-digit percentage growth in annual revenue between 2022 and 2026 at constant exchange rates, with a goal of 27-28 billion euros by the end of the period. It also confirmed it expects adjusted operating profit equal to 19% to 20% of revenues by 2026, compared to 17% at the end of last year. It did not provide details on the expected impact from U.S. President Donald Trump 's import tariffs. The company, which makes lenses and sunglasses in Thailand and China and exports premium frames from Europe, is exposed to potential tariffs of up to 36% on Thailand-made products and 145% on those from China, and up to 20% on imports from Europe. While most of Trump's tariffs have been paused for 90 days until July 8, those on Chinese imports and a 10% universal rate remain in place. Analysts have said the trade measures are weighing on the company's margins and may prompt further adjustments to its supply chain. The group's quarterly sales in the Asia-Pacific region, its fastest growing market, grew by a yearly 10.4% at constant rates, helped by rising demand for its myopia management solutions, a growing offering which Jefferies analysts expect to achieve 25-35% annual growth in the foreseeable future.
