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Luxury fashion is going into stealth mode, writes the FT’s fashion editor laureni. ⁠ ⁠ On the catwalks of New York, London, Milan and now Paris, black and grey have been dominant; daringness has given way to practicality; shouty logos and monograms have been hushed. ⁠ ⁠ Word of the challenging economic climate has finally penetrated the citadel.⁠ ⁠ In such an environment, how does a brand stand apart?⁠ ⁠ Tap the link in bio to find out and follow financialtimesfashion for more. ⁠ ⁠ Image: Pascal Le Segretain/Getty Images

The government is not in a "crazy rush" to sell everything and it will continue to have a presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on Saturday. In strategic sectors, a bare minimum presence of the existing public sector commercial enterprises at the holding company level will be retained under government control. The remaining enterprises in a strategic sector will be considered for privatisation or merger with another PSE or for closure. Speaking at the Raisina Dialogue, the minister said that the country will have government-owned professionally run companies in four broad strategic sectors. According to the PSE Policy, the four broad strategic sectors are - atomic energy, space and defence; transport and telecommunication; Power, Petroleum, Coal and other minerals; and Banking, Insurance and Financial Services.

'TAKEN FROM ME': Kiessling bravely shared her heartbreaking experience of losing her sons to fentanyl overdoses during a House hearing on the border crisis. Link in bio.

RIDE REPOSSESSION: Prices for used and new vehicles surged last year as a result of a semiconductor shortage. Link in bio.

Himachal Pradesh will start a pilot project for bio-energy production from pine needles and bamboo as the state is blessed with an enormous wealth of coniferous forest and has a high potential for bamboo production, Chief Minister Sukhvinder Singh Sukhu said. The project would involve the local community and increase their income. The state government is all set to partner with the Indian School of Business (ISB) to provide policy inputs and research support for the emerging bio-energy sector, he said in a statement issued here on Saturday.

FLIPPING OUT: The gymnastics sensation’s viral TikTok wasn’t appreciated by school officials.

Apple partner Foxconn is stepping up its India business plans and investments significantly, in a move that is being seen as a shift from China just like its key customer. In the latest development, Taiwanese electronics contract manufacturer Foxconn has decided to invest an estimated $700 million to set up a new plant in Karnataka. The proposed plant, to be located near the Bengaluru airport, is expected to manufacture and assemble devices including the iPhone. Experts described Foxconn’s bet on India as part of a strategy to reduce its over-dependence on China, where 75 per cent of its production is located.

Jhollywood artist performs during Holi celebrations, in Ranchi. 📸: ANI #holi #holicelebration #holifestival