Brands
Timex Group forges e-retail partnership with Timehut
NEW DELHI: The retail industry was steadily growing, till the pandemic brought an abrupt paradigm shift in the consumer sentiments, affecting the industry in an unprecedented way. Ensuing restrictions like lockdown and sanitisation protocols has led to a transformation in shopping habits that is led by the emergence of e-retail.
To capitalise on the growth in e-retail and to offer its consumers a worry-free shopping experience, Timex group has partnered with retail entity Timehut as an authorised online retailer for its leading brands. This deal authorises Timehut to sell all the brands under Timex group across various ecommerce portals such as Flipkart, Amazon, Myntra, Ajio, Tata Cliq as well as the brand's own channels. This will help Timex India to have control and grow the marketplace across channels.
Timex Group MD Sharmila Sahai said, “We are elated to announce the partnership with Timehut today which will efficiently help us in reaching our existing and new customers base faster and offer an exhilarating digital experience to them. With Timehut, we are expanding our product portfolio and increasing preference for our brands across segments to cater to the diversified needs of our consumer groups. We will ensure we meet the requirements across markets – metros and tier-1 and 2 through a convenient shopping experience for all.”
Timehut, supported by TGIL, is fully developed for e-commerce platforms and is open for strategic partnerships with brands looking to amplify their online presence. What it also offers to its consumers is 100 per cent guaranteed authentic watches, the biggest range of products which no other single entity can have, smooth delivery within 72 hours and support of a dedicated consumer helpline.
Ranging from luxury watch brands such as Salvatore Ferragamo, Versace & Teslar to premium fashion brands including Ted Baker, Furla, Nautica & Versus Versace to home-grown brands like Timex, Helix and TMX, Timehut will be authorised to sell all brands under the Timex group at all e-commerce marketplaces and will cater to the needs of the convenience-seeking and fashion-oriented customers. Apart from the pan India outreach, this will also enable consumers in smaller cities, with limited offline stores, to shop from the vast range of watches offered by Timex group brands.
Brands
RPSG’s Sudhir Langer exits days before IPL 2026
Timing sharpens focus on stake sale buzz and LSG’s tightening financial playbook
MUMBAI: RPSG ( RP-Sanjiv Goenka) Ventures has sprung a late leadership surprise just as the IPL drumroll begins. Sudhir Langer will step down as whole-time director and from the board effective March 31, days after the 2026 Indian Premier League season kicks off on March 28.
The timing is hard to ignore. RPSG Ventures owns Lucknow Super Giants, and Langer’s exit lands in a narrow pre-tournament window when operational focus is typically at its peak.
The move also coincides with chatter around a potential stake sale. According to a Moneycontrol report, the RPSG Group, led by Sanjiv Goenka, is exploring options to offload up to a 15 per cent stake in the franchise. There has been no official confirmation.
RPSG had acquired the Lucknow franchise in November 2021 for Rs 7,090 crore, among the highest bids in IPL history. The team operates under RPSG Sports Private Limited and carries a sizeable annual franchise fee obligation of Rs 709 crore through FY31.
Financials underline both scale and strain. The franchise remains heavily reliant on central revenue distribution from the Board of Control for Cricket in India. In H1 FY26, it received Rs 399 crore as its share of franchise rights, compared with Rs 458 crore in FY25, the single largest contributor to income.
Total revenue for H1 FY26 stood at Rs 495.9 crore, with profit at Rs 63.7 crore. Yet FY25 saw a softer showing: revenue fell about 20 per cent to Rs 557 crore, weighed down by fewer matches and a lower league finish in the 2024 season. Growth has since been modest, with H1 FY26 revenue rising roughly 3 per cent year on year.
That leaves LSG balancing on a familiar IPL tightrope: strong central inflows, volatile on-field-linked earnings and a hefty fixed fee burden.
With a leadership exit, stake-sale speculation and a new season about to begin, Goenka’s cricket bet is entering a decisive phase—where timing, performance and capital strategy will all have to click.
