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Funskool in advance talks with Mattel for contract manufacturing

September 11, 2025

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The New Indian Express Mysuru

INDIA'S biggest toy manufacturer, Chennai-based Funskool, is in advanced stage of discussions with Mattel Inc.—makers of Hot Wheels, Barbie dolls, and Jurassic World toys—for producing the latter's products at its Goa plants.

- SANAL SUDEVAN @ Chennai

Speaking to TNIE, Funskool CEO KA Shabir said except for Mattel, all other US toy brands have halted production orders due to US tariffs. He added that orders from US customers have slowed significantly after the tariff announcement. The current tariff on toys stands at 50%. Shabir said: "The real impact (of US tariffs) will show in 2026. The tariffs are stalling the growth momentum of the toy industry just when global brands began investing in India. With the US being the world's largest toy market, such high tariffs make sourcing from India unworkable, pushing business to Southeast Asian countries."

المزيد من القصص من The New Indian Express Mysuru

The New Indian Express Mysuru

Setback to global HIV response due to fund cuts

THE global response to HIV has suffered its most significant setback in decades, warns a new UNAIDS report released ahead of World AIDS Day 2025.

time to read

2 mins

November 27, 2025

The New Indian Express Mysuru

CJI says will 'consider' petition to revive NJAC, end collegium system

THE Supreme Court on Wednesday said that it will consider a plea to revive the National Judicial Appointments Commission (NJAC) to replace the current collegium system for appointment of judges in the higher judiciary.

time to read

1 mins

November 27, 2025

The New Indian Express Mysuru

Constitution a guiding vision for India's rise, says Prez

PRESIDENT Droupadi Murmu and Vice-President C P Radhakrishnan reminded the nation on Constitution Day on Wednesday that India's democratic spirit, rooted in its people and its Constitution, continues to guide the country's ambitious journey toward becoming a developed nation.

time to read

1 mins

November 27, 2025

The New Indian Express Mysuru

The New Indian Express Mysuru

Rahul says will uphold federalism, 'won't allow attack on Constitution'

ON the 76th Constitution Day, several Opposition parties including Congress, Trinamool Congress (TMC) and DMK, reaffirmed their resolve to protect the Constitution and uphold federalism.

time to read

1 min

November 27, 2025

The New Indian Express Mysuru

The New Indian Express Mysuru

India trashes Pak's Ram temple swipe

INDIA on Wednesday strongly rejected Pakistan's criticism of Prime Minister Narendra Modi's participation in a ceremony at the Ram temple in Ayodhya, asserting that Islamabad, with its \"deeply stained record\" on minority rights, lacks the \"moral standing to lecture others.

time to read

1 mins

November 27, 2025

The New Indian Express Mysuru

READYING SMALL INC FOR SCALE

WHEN the four new labour codes came into force on No- vember 21, India proudly turned a page in its industrial story to a chapter written for a modern workforce and a grow- ing economy

time to read

3 mins

November 27, 2025

The New Indian Express Mysuru

The New Indian Express Mysuru

'Constitution Day must be celebrated in schools': Modi hails right to vote

PRIME Minister Narendra Modi on Wednesday underscored the responsibility of strengthening India's democracy by exercising the right to vote, saying that Constitution Day should also be observed in schools and colleges by celebrating young people turning 18.

time to read

1 min

November 27, 2025

The New Indian Express Mysuru

EC concerned over Bengal CEO's safety, Didi ups ante

EXPRESSING serious concern over a security breach at the West Bengal Chief Electoral Officer's (CEO) office, the national poll body on Wednesday sought an action-taken report (ATR) from Kolkata Police Commissioner Manoj Verma within 48 hours about the safety of the poll officers.

time to read

2 mins

November 27, 2025

The New Indian Express Mysuru

Reservation row in J&K as Open Merit gets 40% quota of finance dept posts

THE row over reservation policies in Jammu and Kashmir has flared up again after the Finance Department advertised 600 posts of Accounts Assistants, with only 240 of those allocated to the Open Merit (OM) category.

time to read

1 mins

November 27, 2025

The New Indian Express Mysuru

Kharif season: Record production of rice, but oilseeds & pulse output down

THE agriculture ministry said the country's rice production during the kharif season that ended in October reached a record 124.

time to read

1 mins

November 27, 2025

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