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India proposes curbing import of private jets, copters to plug deficit

  Bloomberg India has proposed curbing the import of private jets and helicopters as the South Asian nation seeks to plug a widening trade deficit, according to a document from the country’s aviation ministry seen by Bloomberg. Any import of planes weighing more than 15,000 kilograms (33,100 pounds) unladen as well as turbo jets are also “non-essential” and shouldn’t be ...

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Fragrance industry remains luxury standout over demand

  Bloomberg Glassmaker Pochet du Courval SAS has been making perfume bottles for the world’s top beauty brands since before the telephone was invented, through countless consumer booms and busts. Executives at the French company say they have never been busier than they are right now. “The demand is just so strong that we can’t keep up,” said Yves Bouquier, ...

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Steinhoff ex-CEO’s insider trading fine cut to $1.2m

  Bloomberg A fine against former Steinhoff International Holdings CEO  Markus Jooste for insider trading has been cut by almost 90% after a local tribunal set aside the original penalty. The Financial Sector Conduct Authority has issued a revised penalty of 20 million rand ($1.2 million) against Jooste, down from the 162 million rand announced in October 2020, it said ...

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