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FDI violation complaints are forwarded to right agencies: Prabhu

RSS-affiliated Swadeshi Jagran Manch (SJM) had alleged that US retail giant Walmart was circumventing rules for a back-door entry into India with its majority stake acquisition of Flipkart

Sunil Mittal leads WTO trade talks on e-commerce

At this year’s Trade Dialogues, ICC chaired discussions on e-commerce, trade and sustainable development, and investment facilitation.

FabAlley ends FY18 with Rs 80-crore GMV

The company closed FY18 with gross merchandise value (GMV) of Rs 80 crore.

Paytm’s more welcome in rural, semi-urban areas

Citing examples like Chitradurga in Karnataka, Angul in Odisha, Unnao in Uttar Pradesh and Kangra in Himachal Pradesh, the company said digital payments adoption in these locations was 20% higher than in metro cities.

Flipkart's ecosystem true advantage to Walmart: Official

Judith McKenna, Executive VP, President and CEO of Walmart International, on a recent investor call has said the e-commerce market in India, while it is still nascent at 2 per cent penetration, is forecast to grow rapidly.

Kiranas deliver the goods for ecommerce giants like Amazon, Myntra

Ecommerce companies have over the past year significantly scaled up their use of this channel for last-mile delivery, allowing them to reduce their delivery staff or engage them for more advanced tasks.

Paytm is looking to cash in with a PoS business plan

The payments player, which was using QR codes to ramp up offline digital payments, is now opening card payments at merchant locations as well.

Amazon India launches lending marketplace for sellers

India will be the first geography for Amazon where it has launched such a seller marketplace prgramme.

This business analyst also runs a micro-enterprise supporting Indian handicrafts

The 31-year-old is the founder of the online retail venture Paakhee, which sells handicraft accessories and home decor products.

TN is among top 5 states for ‘Amazon Prime’

Amazon has tied-up with about 1000 kirana stories in TN to ensure that it is able to deliver products within the ‘free one-day/two-day delivery’ timeframe promised by Prime.

Amazon Prime users can ‘eat and go’ with ToneTag

ToneTag’s sound wave technology will also be integrated for payment on delivery for Amazon customers, which is expected to go live in three-four months.

Paytm receives final tranche from $445 mn funding from SoftBank, Alibaba

In April, Paytm Mall had closed USD 445 million funding round from SoftBank Investment Holdings and Alibaba.com Singapore E-commerce.

Online platforms capture 38% smartphone sales in India, Flipkart leads

Flipkart continued its dominance in the online smartphone market with 54 per cent share, with Amazon at second place with 30 per cent followed by Mi.com with 14 per cent market share.

Snapdeal’s Jason Kothari quits to join Infibeam as president

Kothari, who joined Snapdeal from real estate portal Housing in January last year, will move to Infibeam as its president, leading the strategy, corporate development, international operations and investor relations functions at India’s first listed ecommerce entity.

For Amazon sellers, road to Europe is via Estonia

Estonia launched e-Residency — a government issued digital identity that allows entrepreneurs from anywhere in the world to set up and run location-independent business — in 2014.

Myntra set to open 100 offline stores in two years

“The Roadster online sales have shot up after we launched the offline store,” Ananth Narayanan, CEO at Myntra-Jabong, said on the sidelines of the launch of the second Roadster store on Thursday.

Google to invest $550 million in Chinese e-commerce giant JD.com

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.

Paytm to 'Inbox' live TV, news & cricket

Paytm expects a surge in the number of sessions per users while increasing the time spent on the app.

Amazon India and Flipkart to now battle it out over luggage

Flipkart is betting big on luggage despite lagging behind in market share in comparison with Amazon.

China’s recommerce giant AiHuiShou looks to cash in with Cashify deal

The partnership will enable Cashify to tap into AiHuiShou’s technology as also bring about operational efficiencies into its business as it looks to expand to international markets like Indonesia and Middle East as a joint entity by next year.

Scindia House fire: Records related to Nirav Modi case safe, says CBDT

The Central Board of Direct Taxes's clarification came following media reports claiming the records were destroyed in the fire.

Tanishq's Mia brand eyes Rs 1,000 cr turnover in 5-6 years

The company plans to open 25 new standalone Mia stores by the end of the current financial year as it looks to grow turnover from the brand.

India's platinum imports for jewellery to grow by 25%

The Platinum Guild India is expecting about 25 per cent growth in platinum imports in 2018 for jewellery purposes, said a top official.

ED seeks NBWs against kin of Nirav Modi

It also sought non-bailable warrants against Modi, his brother, father, sister and brother-in-law, among others. Special judge M S Azmi is likely to pronounce the order on Tuesday.

Billionaire jeweller Nirav Modi flees to UK, claiming political asylum: Report

Nirav Modi, the billionaire jeweller at the heart of a more than $2 billion fraud case, has fled to the UK, where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.

'UK may link extradition of Nirav Modi, Vijay Mallya with illegal migrant pact'

The Indian side raised the issue of extradition of Nirav Modi, Vijay Mallya and others to face law here. The issue of the final signing of the memorandum of understanding on illegal immigrants was raised by UK Minister of State for Countering Extremism Baroness Williams during her talks with Union Minister of State for Home Kiren Rijiju on Monday.

'UK confirms Nirav Modi's presence in Britain'

Nirav Modi, who is absconding and has not joined the ED probe in the case till now, and others are being probed under various criminal laws after the fraud came to light this year following a complaint by PNB that they allegedly cheated the nationalised bank to the tune of over Rs 13,000 crore.

CBI seeks Red Corner Notice against Nirav Modi

This mean the member countries of Interpol can arrest and extradite Nirav Modi who fled the country in the first week of January.

'Nirav Modi shifted all dummy directors in Hong Kong to Cairo after scam was exposed'

The money was laundered through companies based in India — Solar Exports, Stellar Diamond, Diamond R US and Firestar Diamond International — and dummy companies based in Dubai and Hong Kong.

PNB scam proceeds mainly went to Nirav Modi's kin: Enforcement Directorate

Apart from Nirav Modi, who is absconding, the proceeds of the scam went specifically to his sister (Purvi Modi) and his other family members, ED counsel Hiten Venegaonkar told today.

'Nirav Modi flees to Brussels, believed to be travelling on Singapore passport'

Absconding billionaire jeweller Nirav Modi is understood to have jumped on a plane and fled to Brussels on Tuesday or Wednesday, immediately after front-page reports in the media that he was in London seeking political asylum.

National domestic council on anvil to promote gems and jewellery sector

An official of the gems and jewellery export promotion council said that the aim of the council is to form an association at the national level which could consist of members from states regional associations.

Shree Ganesh Jewellery promoter arrested by DRI in multi-crore fraud case

Parekh was last year arrested by CBI in connection of defrauding a consortium of banks led by State Bank of India, for non-payment of loan to the tune of Rs 2,672 crore.

How Nirav Modi diverted money into sister Purvi's account

Recently, the probe agencies expedited the process for the issuance of red-corner notice against Nirav.

Nirav Modi faces fresh FIR for using multiple Indian passports

Agencies probing the alleged $2-billion PNB fraud have detected that fugitive diamond merchant Nirav Modi possessed at least half-a-dozen Indian passports and a fresh FIR is being mulled against him for this offence, officials said on Sunday.

On June 12, Nirav Modi travelled on Indian passport

​​A source said jeweller Nirav Modi avoided taking a flight on June 12 from London, choosing to travel by rail instead. Indian officials have verified this from European immigration authorities who captured Modi's passport details on his trip to Brussels.

ED: Nirav Modi's brother fled with 50kg gold jewellery

After the scam broke, Nehal realised that investigating agencies would try to stall the shifting of the jewellery from Dubai. He acted swiftly and moved it to a safer location, sources said. Nehal is based in the US and was associated with Gitanjali Gems, one of Mehul Choksi’s firms.

PNB fraud: ED to seek immediate confiscation of Nirav Modi's assets under fugitive ordinance

A court-issued non-bailable warrant is already pending against Nirav and the ED has also moved the Interpol to get a global arrest warrant issued against him.

PNB fraud: ED attaches Rs 52.80 cr wind farm of Nirav Modi's family in Jaisalmer

The first three firms are involved in the alleged PNB fraud case as they "got the Letters of Undertaking (LoU) issued fraudulently from the bank", the ED said in a statement.

GST, demonetisation came as opportunities for us: Bata CFO

Bata's Chief Financial Officer Alberto Toni says the brand has a strong affinity for India, which offers it a big and "relatively stable" market.

E-commerce contributed 25% to Adidas India's total revenue in FY17

According to Lal, the majority of the e-commerce business for Adidas India still comes from e-commerce players Amazon, Flipkart, Myntra and Jabong.

Luxury watch retailers hope against tax ‘surprises’ in current fiscal

Fortunes of this segment fluctuated last year with introduction of the goods and services tax in July last year, followed by an increase in import duty to 20% from 10% in February.

Scindia House fire: Records related to Nirav Modi case safe, says CBDT

The Central Board of Direct Taxes's clarification came following media reports claiming the records were destroyed in the fire.

Tanishq's Mia brand eyes Rs 1,000 cr turnover in 5-6 years

The company plans to open 25 new standalone Mia stores by the end of the current financial year as it looks to grow turnover from the brand.

Richemont sells luxury leather bagmaker Lancel to Piquadro

Richemont, the owner of Cartier jewellery as well as watch brands including Piaget and IWC, said the deal would have no material impact on its balance sheet, cash flow or results for year ending 31 March 2019

French apparel brand Promod to start online store in India

The fashion brand also plans to open 100 retail stores in the country by 2025, a move aimed at expanding its presence in tier II and tier III markets

Apparel exporters in a fix as customs seeks old records

Exporters, however, said it was not practical to maintain records for such long time in the less computerized era

Nirav Modi launches second boutique store in Delhi-NCR

The brand entered the city with its first flagship boutique at Defence Colony in 2014.

Accessories brand Baggit eyes 25% revenue growth in FY19

Managing Director Nina Lekhi also expects "double-digit bottom-line growth" during the fiscal.

High-end watches to cost more as duty doubles

“After GST revision from 28% to 18% on watches, India had become one of the cheapest destinations for luxury watches,” said Anil Madan, proprietor of Johnson Watch.

Classic white sneakers are back in vogue

Classic white sneakers are back, with their cachet and business booming in India on the strength of renewed love for retro.

Virat Kohli to launch athletic leisure brand with Puma in November

The collaboration brand will not just create products but will also create lot of engaging activities and contents to cater to grass root level around sports.

India's platinum imports for jewellery to grow by 25%

The Platinum Guild India is expecting about 25 per cent growth in platinum imports in 2018 for jewellery purposes, said a top official.

Arvind to invest Rs 1,500 crore to raise garment output

The expansion is part of a mega global trend of selling garments directly to a brand as a full packaged solution rather than selling to an intermediary who converts and then sells to a brand.

Indian Tigers Group plans to invest $100mn in sports e-com

Sportsgeo is offering products in 500 categories targeted at sports and fitness enthusiasts.

Adidas may lay off 25% employees in India

The company, which owns Reebok, could lay off around one-fourth of its staff here in the coming months, said sources, and has been in talks with Reliance Brands to hand over a chunk of its franchise business.

Hrithik Roshan's HRX eyes Rs 500-cr turnover in 3 years

Besides, the company, which is co-owned by Hrithik Roshan and Exceed Entertainment, is looking to foray into personal care, sunglasses and backpack categories.

Sportswear sales rise up to 100% in December

Demand for athletic gear in India has always surged during December due to millions of people making a New Year resolution to head to the gym. But this time, sportswear firms saw up to 100% growth in sales in December, thanks to early end-ofseason sale across the country.

Bata India announces Smriti Mandhana as the new brand ambassador for Power

Bata retails in over 1,290 stores, through its own online platform and in thousands of multi-brand footwear dealer stores pan-India.

Adidas rejigs ops in India to bring down cost

Apart from shutting down non-performing stores, the world’s second-largest sportswear firm has also moved key verticals, including Originals, Football and Premium Running out of India to places like Dubai, said sources.

Fake Prada, Gucci among 8,000 luxury items seized

Beware when you go to retail outlets of luxury brands such as Gucci, Louis Vuitton and Prada. The items you see may be just ‘first copy’.

Puma to now open only premium 'Forever Faster' stores in India

Puma had launched the first 'Forever Faster' store in the country in April last year in New Delhi's South Extension market, spread across 4,800 square feet over three floors.

Puma sees India in top 5 in 3 yrs

India assumes significant importance for the company at a time when it has raised global earnings expectation as part of the turnaround progress.

Luxury Paris shoe brand makes India foray

Berluti was established in Paris in 1895 and has been built by four generations of shoemakers. In 2005 fine leather goods were introduced and a complete clothing collection followed in 2011.

Brahmins Group diversify into luxury pen segment

Brahmins has set up a new company Hexagon Insights in association with renowned pen turner Ron Caddy of Acron Crafts in the UK for making hand crafted luxury pens.

ASICS prepares to comply with FDI norms to launch single brand retail

New Delhi, Apr 8 () Sportswear brand ASICS is slowly increasing the share of its products manufactured in India to comply with foreign direct investment norms for single brand retail and open its own stores in the country.

ED seeks NBWs against kin of Nirav Modi

It also sought non-bailable warrants against Modi, his brother, father, sister and brother-in-law, among others. Special judge M S Azmi is likely to pronounce the order on Tuesday.

American Tourister announces Cristiano Ronaldo as its brand ambassador for 2018

Ronaldo joins Indian cricket captain and superstar player Virat Kohli as American Tourister’s brand ambassadors in India.

Titan reports 40% YoY jump in Q4 profit at Rs 282 crore; announces Rs 3.75 dividend

Revenue for the quarter rose 11.2 per cent YoY to Rs 3,869 crore.

Reject, revamp, repeat! Why fashion upcycling is now an A-list pursuit

Upcycling means using discarded or vintage pieces of clothing and transforming them into something better.

How Dave Thomas is getting Reebok back on track and pushing Adidas on a high growth trajectory

For Thomas, who was appointed India head in October 2014 and joined three months later, a crippling legacy ensured a baptism by fire. The ghost of Reebok had to be exorcised.

Carlton London to boost e-commerce ops in India

Carlton London, by venturing into multiple retail channels operation, aims to reach out to a wider audience across geographies.

Billionaire jeweller Nirav Modi flees to UK, claiming political asylum: Report

Nirav Modi, the billionaire jeweller at the heart of a more than $2 billion fraud case, has fled to the UK, where he is claiming political asylum, the Financial Times reported on Sunday, citing Indian and British officials.

Arvind to open 55 Arrow outlets this fiscal

Most of the new exclusive stores will be launched in the smaller cities said Dhingra.

V-Mart plans to invest Rs 300 cr to double store count; treble turnover in 5 yrs

"We plan to invest Rs 300 crore to more than double our store count to 400 stores. We are aiming to treble our turnover to Rs 3,500 crore," its chairman and managing director Lalit Agarwal told .

Gucci tops the list of the world's hottest fashion brands

The data has been compiled by global fashion search engine Lyst and The Business of Fashion.

Adidas Group India posts exponential rise in net profit to Rs 113 cr for FY16-17

Adidas Group has posted a revenue of Rs 1,513 crore for the financial year 2016-17 as compared to Rs 1,253 crore it posted last fiscal.

'Free Adidas shoes': Don't fall for it, it's a scam

A message which is circulating across the Facebook-owned messaging app's platform says that users can get a free pair of shoes from an international brand (Adidas) as the company is distributing many freebies on account of its anniversary.

Lenskart plans to invest USD 5 mln in 3 yrs

The company expects Rs 400 crore turnover from eye glasses in the current fiscal year.

Woodland to revamp store design

The company has announced the launch of two new concept stores in Noida in GIP mall and DLF Mall of India marking the beginning of the new design outlets in the country.

'UK may link extradition of Nirav Modi, Vijay Mallya with illegal migrant pact'

The Indian side raised the issue of extradition of Nirav Modi, Vijay Mallya and others to face law here. The issue of the final signing of the memorandum of understanding on illegal immigrants was raised by UK Minister of State for Countering Extremism Baroness Williams during her talks with Union Minister of State for Home Kiren Rijiju on Monday.

'UK confirms Nirav Modi's presence in Britain'

Nirav Modi, who is absconding and has not joined the ED probe in the case till now, and others are being probed under various criminal laws after the fraud came to light this year following a complaint by PNB that they allegedly cheated the nationalised bank to the tune of over Rs 13,000 crore.

CBI seeks Red Corner Notice against Nirav Modi

This mean the member countries of Interpol can arrest and extradite Nirav Modi who fled the country in the first week of January.

GIII may bring back US brand DKNY to India

DKNY, which entered India in 2009 in partnership with DLF Brands, the retail arm of real-estate company DLF, operated several stores across India till the beginning of last year.

DDB Mudra Group wins creative mandate for Puma

Puma has been designing, developing, selling and marketing footwear, apparel and accessories, for over 65 years.

Swedish watch brand forays into India

Swedish watch brand Daniel Wellington has opened its maiden store in the Fort area here.

Gucci-fever helps Kering beats sales forecast in Q4

Kering said sales rose 21.4 percent year-on-year to 4.26 billion euros ($5.25 billion) between October and December, up 27.4 percent on a comparable basis.

Tiger Shroff launches active lifestyle brand ‘PROWL’

The brand is jointly created and owned by Shroff and Mojostar, a joint venture between Kwan Entertainment and Dream Theatre.

Skechers bets on the middle class to sprint to $1 bilion in India revenue

Skechers, which entered India in 2012 through a joint venture with Kishore Biyani-led Future Group, has been doubling its business and plans to add its own manufacturing units and newer categories.

Titan eyes gross revenue of Rs 50,000 cr by FY 23

Jewellery business will continue to be the largest contributor to revenues of the company.

Jimmy Choo's India fit includes a combo of luxury, tech, and a bit of Bollywood too

Global CEO Pierre Denis feels that in India the British heritage has worked to the advantage of the brand which was acquired by Michael Kors last yer.

Titan launches integrated format store in Hyderabad

With an extensive retail network of World of Titan, Tanishq and Titan Eyeplus, the Banjara Hills store is the first integrated store in Telangana.

'Nirav Modi shifted all dummy directors in Hong Kong to Cairo after scam was exposed'

The money was laundered through companies based in India — Solar Exports, Stellar Diamond, Diamond R US and Firestar Diamond International — and dummy companies based in Dubai and Hong Kong.

Selling sneakers like they're diamonds

The high-end sneaker market is big business these days, and the three-year-old Stadium Goods, a consignment reseller of rare or limited editions, has established itself as the Tiffany & Co. for sneakerheads.

PNB scam proceeds mainly went to Nirav Modi's kin: Enforcement Directorate

Apart from Nirav Modi, who is absconding, the proceeds of the scam went specifically to his sister (Purvi Modi) and his other family members, ED counsel Hiten Venegaonkar told today.

'Nirav Modi flees to Brussels, believed to be travelling on Singapore passport'

Absconding billionaire jeweller Nirav Modi is understood to have jumped on a plane and fled to Brussels on Tuesday or Wednesday, immediately after front-page reports in the media that he was in London seeking political asylum.

Patanjali Paridhan: Get ready to slip into 'shuddh swadeshi jeans' by 2018-end

According to the group's co-founder and MD Acharya Balkrishan, there are plans to open as many as 100 exclusive apparel stores across Indian cities.

Skechers aims to become Rs 1000-crore brand in India; bullish on store expansion

The company clocked Rs 220 crore in revenues in the last calendar year, and now is expecting to increase its revenue to Rs 500 crore by December 2017.

Import duty hike to have short term impact on watch industry: Seiko India COO

South India contributed significantly to the turn over of the company followed by North.

India to be the fastest growing market for Montblanc

Despite challenges in locating premium real estate in tier 2 cities for expansion, Montblanc’s sales in smaller towns have been growing through its joint venture with Indian watchmaker Titan and new ecommerce channels.

Brand Factory eyes Rs 500 cr GMV from new campaign

The retail chain had initially planned this campaign to run for one week but according to Sadhwani they decided to extend the campaign owing to the positive response they received from the customers.

How to tell cotton from khadi: A court case tries to solve the dilemma

KVIC has filed a case against Fabindia in the Bombay High Court, seeking damages of Rs 525 crore for allegedly selling factory-made cotton garments under the guise of ‘Khadi’.

Khadi takes Fabindia to high court, seeks Rs 525 crore in damages for brand misuse

Fabindia had earlier said it has been in conversation with KVIC since 2015 to resolve the matter.

Govt okays Rs 2,600 cr package for leather, footwear industry

The package has the potential to generate 3.24 lakh new jobs in three years and assist in the formalisation of 2 lakh jobs as cumulative impact in the two sectors.

On the wrong foot: Bata faces backlash for sexist advertisement in Pakistan

A campaign poster placed in a Lahore mall shows a man striking a pose with the line ‘Womaniser and comfortable with it.’

National domestic council on anvil to promote gems and jewellery sector

An official of the gems and jewellery export promotion council said that the aim of the council is to form an association at the national level which could consist of members from states regional associations.

Shree Ganesh Jewellery promoter arrested by DRI in multi-crore fraud case

Parekh was last year arrested by CBI in connection of defrauding a consortium of banks led by State Bank of India, for non-payment of loan to the tune of Rs 2,672 crore.

Hike of dye prices may hit global fashion brands

The local dyeing industry, which includes around 150 factories in the Delhi-NCR region, has recently been rocked by the ban on pet coke and furnace oil, important ingredients in the dyeing process.

Saks Fifth Avenue sets up 1,000-seat centre in India

The company's top executives, including chief accounting officer Todd Eugene Zator and chief human resources officer Janis Hamilton Leigh, have made several trips to the country to finalise the details of the centre, sources told TOI.

Zara looks to technology to keep up with faster fashion

Inditex, the world's largest clothing retailer and owner of the Zara chain is developing new technologies, hooking up with tech firms and hiring talent from start-ups.

Now Reebok has some etiquette advice for Donald Trump, puts out a compliment chart

The company took to Mr Trump's favoured public outreach forum, Twitter, to share the chart.

How Nirav Modi diverted money into sister Purvi's account

Recently, the probe agencies expedited the process for the issuance of red-corner notice against Nirav.

Nirav Modi faces fresh FIR for using multiple Indian passports

Agencies probing the alleged $2-billion PNB fraud have detected that fugitive diamond merchant Nirav Modi possessed at least half-a-dozen Indian passports and a fresh FIR is being mulled against him for this offence, officials said on Sunday.

On June 12, Nirav Modi travelled on Indian passport

​​A source said jeweller Nirav Modi avoided taking a flight on June 12 from London, choosing to travel by rail instead. Indian officials have verified this from European immigration authorities who captured Modi's passport details on his trip to Brussels.

Reliance Brands in talks to buy Genesis Luxury

The acquisition of one of India’s top luxury groups is likely to give Reliance a dominant space in the country’s booming luxury market, and gives it an edge when it comes to bargaining for real estate concessions, overhead costs and other benefits.

Bata India likely to turn largest market for parent co in 2018

The Switzerland-based shoe major, the parent company of Bata India, expects India to be number one in terms of turnover, surpassing Italy, by December 31 this year.

Baggit to commence retail growth journey in Tier II, III cities

Currently holding 52 exclusive Baggit stores and 1000+ retail doors via large format stores and multi-brand outlets, the online retailer is keen to open a lot more outlets in each city of India

Adidas India to open 4-5 stadium inspired outlets this year

This format is available globally in countries such as US, UK, France, Japan and South Korea.

Italian fashion legend Carla Fendi dies at 79

The Italian luxury label confirmed Fendi's death on Monday, according to The Hollywood Reporter.

US' Saucony coming with Reliance Retail

Tata International and Wolverine Worldwide formed a 50:50 JV for wholesale distribution of Wolverine's Merrell and Caterpillar footwear brands and apparels in India.

Shahnaz Husain Group launches herbal deodorant range

"There is no gas component in it, as compared to other deos in the market", said beauty diva Shahnaz Husain.

Liberty Shoes looks to add 50 more stores by next year

The company, which has about 12 sub-brands in its portfolio, is planning to introduce some new varieties in footwear products and mulling stepping up its retail presence.

Retail getting stronger as most retailers are investing in digital space: S Subramaniam, Titan

“A lot of online players are getting into brick and mortar as well. It is good for the industry”

Samsonite defers launch of ebags.com in India

At present, 10 percent of Samsonite's sale comes from online channel and according to Tainwala, the company has set itself an ambitious target of generating 50 percent of revenues from e-commerce by 2022.

Will India’s diamond cutting operations shift to Israel, Belgium?

India is the world’s largest cutting and polishing centre of rough diamonds, and it is said that 14 out of every 15 rough diamonds in the world are polished here.

Kriti Sanon announced as Bata's brand ambassador

Bollywood actress Kriti Sanon has been announced as the brand ambassador of Bata India. It is after 21 years that the footwear brand has finalised a Bollywood face post it's association with Rani Mukerji.

Liberty scion drags father, others to court over property

The 30-yr-old is demanding additional stake in all properties and assets of Liberty Footwear Group Company and HUFs, which have substantial holdings in Liberty Shoes and Liberty Footwear group firms.

Is it still luxury if it is online?

While some luxury labels are available online, many only sell in stores.

Onitsuka Tiger targets 12 stores in India by 2020

As per its strategy, it will build up a sales network by adding 3-4 stores every year on franchise model to cash in on increasing and growing appetite for luxury things.

Casio exhibits latest product at CES 2018 in Las Vegas

From home appliance manufacturers to automobile makers, 4,000 companies from various industries took part in the mega show.

‘Bata is a global player with strong Indian roots’

The company’s global CEO Alexis Nasard spoke to TOI about how Bata plans to shake off its traditional image and strike the right chord with the youth.

Naukri.com invests Rs 3 crore in ShoeKonnect

The funding will be deployed for strengthening its technology base to scale up operations and expansion in terms of the userbase of footwear buyers and sellers across India.

Vuitton owner LVMH makes e-commerce push with Lyst investment

LVMH-Vuitton owner LVMH makes e-commerce push with Lyst investment

RIL partners with PROLINE to co-brand sports apparels

According to RIL, 'R|Elan co-branding exercise' will give it a strong foothold in the Rs 2,500 crore Indian sports apparel industry

VIP to invest Rs 80 cr on advertisements and promotions this year

The luggage-maker has rolled out the television campaign with star cricketer Rohit Sharma for its mass luggage brand Aristocrat and is in the process to roll out another campaign for its premium brand Carlton soon.

Alcis Sports inks tie-up with FIFA

Alcis Sports, a flagship entity promoted by casual and sportswear maker Paragon Apparel, manufactures for categories including running, training and sports.

'Premium high street brands making way in overcrowded Indian Luxury market'

Koulas, who has set up Luxus Retail in 2012 bringing La Martina, an iconic Argentinian luxury Polo brand to Indian shores in 2013, moved to the country with the aim to bridge gaps in the Indian retail market to redefine the concept of luxury fashion

Help revive Tirupur knitwear cluster, EPS appeals to Narendra Modi

The CM requested that “In order to cover all of these issues and provide competitive edge over other countries, the Central government should increase duty drawback to 5%

Hrithik's HRX bags award for best Celebrity License Brand

New Delhi [India], August 24 (ANI) Bollywood actor Hrithik Roshan's fitness brand HRX has added a new feather to its hat.

Adidas-owned Reebok cleared to open own stores in India

The move follows the government's decision to give similar approvals to Chinese smartphone maker Oppo and luxury goods retailer Louis Vuitton's this month.

ED: Nirav Modi's brother fled with 50kg gold jewellery

After the scam broke, Nehal realised that investigating agencies would try to stall the shifting of the jewellery from Dubai. He acted swiftly and moved it to a safer location, sources said. Nehal is based in the US and was associated with Gitanjali Gems, one of Mehul Choksi’s firms.

Textile sector attracted up to Rs 27,000 crore investments: Smriti Irani

The government in June last year announced a Rs 6,000 crore special package for the textile and apparel sector, which included several tax and production incentives.

Reebok India says it expects license in a month or two

In November 2015, Adidas, the parent company of Reebok, had received approval to open 100 per cent foreign-owned large Adidas outlets in India.

'Expect Samsonite India sales to touch Rs 1,600 cr in 2018'

Leading with enhancing the capacity of its Nashik facility, the company would invest significantly in design and development in the country, she added.

Renting out designer clothes is no longer a social stigma

Entrepreneurs and investors see long-term opportunity in companies that hire out designer clothes and expensive accessories.

Five platforms to satiate your hunger for luxury products

Here is a list of five platforms to satiate one's craving for luxury products:

PNB fraud: ED to seek immediate confiscation of Nirav Modi's assets under fugitive ordinance

A court-issued non-bailable warrant is already pending against Nirav and the ED has also moved the Interpol to get a global arrest warrant issued against him.

Apparel exporters raise GST refund, RoSL issues with FM Goyal

The country's textile and apparel exports have witnessed a down slide in the last eight months.

Arrow eyes over 20% sales growth in 4-5 years

"We will continue to see growth upwards of 20 per cent in the next 4-5 years. We don't see this growth slowing down," Arvind Lifestyle Brands Chief Operating Officer, Sumit Dhingra

Bang & Olufsen partner to beef up luxury portfolio with new brands

​​The company will launch Louis Vuitton Moet Hennessy's subsidiary brand Berluti Paris by November this year, besides bringing in UK-based cosmetics brand Molton Brown.

Samar Lifestyle to make, sell Florsheim shoes in India

The licensing agreement with Samar Lifestyle, part of the Sara Group, will translate into at least 25 flagship stores in the next five years.

Merchandise startups see increased demand for self-expression t-shirts

To cater to a segment with limited disposable income, which includes students or entry-level professionals, these companies are keeping the pricing affordable

GST brings sale season forward as firms offer luxury items on discount

From July 1, luxury watches are set to get more expensive and Ethos, which retails luxury watch brands like Rolex and Dior, is on sale calling it the greatest sale of all time.

Ikea to make India manufacturing hub for sofas, furniture

One of the ways how Ikea plans to reduce prices of its products in India is by exporting locally-made products to its global stores to achieve economies of scale. Although the company has been sourcing from the country for 30 years for its stores worldwide, textiles constituted 70% of its exports.

PNB fraud: ED attaches Rs 52.80 cr wind farm of Nirav Modi's family in Jaisalmer

The first three firms are involved in the alleged PNB fraud case as they "got the Letters of Undertaking (LoU) issued fraudulently from the bank", the ED said in a statement.

Ikea to set up centralised call centre in Hyderabad

Antoni said Ikea will also be setting up its centralized distribution hub on Pune’s outskirts to cater to all its India stores. While to begin with, a nearly 200,000 sft leased warehouse will open in Pune by October-November 2017.

Ikea to open India distribution centre in Pune by December

The one-lakh square feet warehouse will supply Ikea products to all the upcoming stores in the country. The company plans to open 25 stores.

De Beers to invest $140 million for marketing in India, US, China

The increased investment will be focused on generating further consumer demand for diamond jewellery in the leading markets like US, China and India.