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Amazon's exit could scare off tech companies from New York

Experts say the decision by the e-commerce giant to walk away and take with it 25,000 promised jobs could scare off other companies.

Does Amazon pay '$0' in taxes?

A tweet by a popular US Congresswoman spotlighted a report about US tech behemoth Amazon's tax burden for the past two years.

Cross-industry CEO hiring max in e-tail

These observations were drawn from a research project undertaken exclusively for TOI by Executive Access to study the statistical trends of movements of over 220 CEOs and CXOs across industries in the last year.

48 hours, few phone calls: How Amazon scrapped its plans for a New York headquarter

The decision came together only in the last 48 hours, made by its senior leadership team and Jeff Bezos.

E-commerce companies may adapt to new FDI Rules: Doug DeVos

Online sales for the maker of Nutralite dietary supplements, Amway Queen cookware and Glister toothpaste currently contribute close to 35% to its India revenue.

Paytm parent One97 Comm pledges all assets to borrow from ICICI Bank

Paytm could be using the funds to push its plans on Paytm Postpaid, which it runs in partnership with ICICI Bank

Amazon, Flipkart in talks for minority stake in Hopscotch

Hopscotch caught the attention of investors in this market with its frugal spending and cost-conscious approach.

Choice, prices, delivery affected by new e-comm norms: Survey

Close to 68% consumers faced difficulties in finding products they were looking for on various e-commerce sites as the new rules went into force, showed a new survey by community platform LocalCircles.

Alibaba-Backed Paytm Wants to Cash in on Amazon's India Distress

Vijay Shekhar Sharma -- whose two-year-old Paytm Mall is backed by Alibaba Group Holding Ltd. -- is quietly devising ways to outstrip his rivals.

Amazon leads $700mn investment in electric truck startup

"This investment is an important shift to sustainable mobility," said RJ Scaringe, Rivian founder and CEO.

Amazon looks to clean up rivals with pvt label Presto!

Amazon has recruited a slew of local contract manufacturers to produce Presto! products which are being marketed and sold by Cloudtail.

Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola

"Ola is one of India's most promising consumer businesses, that is creating deep impact and lasting value for the ecosystem," Bansal said.

Noida court rejects ex-Paytm exec Sonia Dhawan's bail plea

In her bail application, Dhawan claimed that she was innocent and was wrongly implicated but the court said she played an active role in a serious crime.

Amazon aims to cut its carbon footprint

Amazon, which ships millions of packages a year to shopper's doorsteps, says it wants to be greener.

SJM to govt: Ban Chinese social media, e-tail apps

The letter comes after attacks in Pulwama, and cites apps like TikTok and Helo, which have recently become popular.

Small ecommerce sellers seek EU-like norms

Demand greater transparency on online platforms, want DPIIT to implement rules to 'ease business'.

Flipkart bets on alpha-beta tango to sync with FDI norms

The alpha sellers will supply merchandise to beta sellers, which will offer them on the Flipkart marketplace.

Amazon's human-robot symphony is clearly the next big thing of the future

This only allows to extend the potential of employees and enhance productivity.

Former Paytm vice-president applies for bail in HC

The bail plea, which has been applied last week in the HC by Sonia’s lawyers, will be listed at the court in the coming days.

Disappointed over tweak in ecommerce FDI law: Walmart

Ecommerce firms were also asked to provide services such as warehousing, logistics and advertising to all sellers in a fair manner.

Process of demolition of Nirav Modi's bungalow started: Government to High Court

The high court had ordered action against unauthorised constructions in Alibag in Raigad district, a popular getaway near Mumbai.

Government says Mehul Choksi still a citizen, pushing for Antigua extradition

Mehul Choksi, who is one of the key people accused of defrauding Punjab National Bank (PNB) of $2 billion, fled India before the accusations surfaced last year. Bringing Choksi back to India would be a boon for Prime Minister Narendra Modi as he tries to bolster his anti-corruption credentials ahead of a general election due by May.

Jewellery business should grow at least 23% this year: Bhaskar Bhat, Titan

Online feeds the brick and mortar stores and again we are seeing a growth, says Titan MD.

Revealed: A Rs 300 crore Choksi land scam

Choksi and aides own 25 acres in Panvel worth Rs 300 crore at current market prices. His company, Gitanjali Gems Ltd (GGL), was to buy the land in two Panvel villages that fell in the green zone then, with the stated purpose of setting up an SEZ. The Panvel tehsildar's office is investigating this case.

Gems, jewellery exports decline 8.5 pc in Apr-Dec 2018

The decline in shipments is mainly due to negative growth in the export of silver jewellery, gold medallions and coins, along with a rise in the return of consignments.

Maharashtra foils Mehul Choksi’s plan to rob it of 27 acres in Panvel

Of the 27-acre parcels in Chirvat, Sangurli and Turmale villages in Panvel, 27 are under Choksi’s name.

PC Jeweller Q3 results to be released today

The company had reported a 52 per cent increase in its net profit at Rs 162.71 crore for the corresponding period of the previous year.

Gold remains weak on muted demand

Marketmen said the fall in gold prices has been mostly attributed to sluggish demand from local jewellers as well as retailers, but a firming trend overseas limited the fall.

GJEPC targets 6k new jobs in diamond, jewellery sectors

“We have set the target of infusing more than 6,000 young talents in the diamond and jewellery sector from across the state. The Pratibha campaign will not only cover Surat, but key cities across the state.”

CBI likely to argue against Delhi HC hearing PNB Case

Rao and Sharan approached Delhi High Court contesting sanctions, arguing that there was “no application of mind" while making decisions.

Nirav Modi, Mallya, Choksi will be brought back just like Christian Michel: Prakash Javadekar

Accusing the UPA regime of handing out unsecured loans, Union Minister Prakash Javadekar Tuesday said fugitives Mehul Choksi, Nirav Modi and Vijay Mallya will be brought back just like Christian Michel.

Govt to continue urging Antigua to revoke Mehul Choksi's citizenship

Choksi and his nephew Nirav Modi are accused in the Rs 13,500-crore-plus Punjab National Bank fraud case.

Now SBI chases Mehul Choksi for Rs 405 crore loan default

This is the first time the country's biggest bank's exposure has been revealed in the case involving Choksi

Anil Agarwal keen to bring Co that owns De Beers to India

Agarwal recently spent USD 2.4 billion to buy close to 22 per cent in Anglo, which owns 85 per cent of De Beers, the world's leading diamond company.

Authorities begin razing Nirav Modi's seaside Alibaug bungalow

The Raigad collectorate on Friday afternoon began demolishing Nirav Modi's sprawling seaside mansion in Kihim in Alibaug. District collector Vijay Suryawanshi issued the demolition orders after the Enforcement Directorate (ED) handed over the property situated in neighbouring Raigad district.

Is Mehul Choksi being brought back? Long-range Boeing with ED, CBI officials may head for West Indies

Govt sources have confirmed that India is moving ahead to bring high-value economic offenders from West Indies.

No Indian team coming to pick up Choksi, says Antiguan government

Choksi’s application for Antiguan citizenship was granted after he received a clean chit from the Indian government.

Costly fittings inside Nirav Modi bungalow slow down razing

District authorities have said the reports sought by them from structural engineers of the civil engineering department on how to proceed further, have been received, and they would now resume pulling down the bungalow.

Gems & jewellery sector seeks cut in gold import duty to 4%

All India Gem and Jewellery Domestic Council also wants the PAN card limit to be raised to Rs 5 lakh from Rs 2 lakh.

US government shutdown to hit Indian diamond exports

The shutdown stemmed from an impasse over President Donald Trump's demand for $5.7 billion in federal funds for a US-Mexico border wall.

Titan Q3 net profit up 46 pc to Rs 411.09 crore

Total income during the quarter stood at Rs 5,934.11 crore, up 35.34 per cent as against a total income of Rs 4,384.4 crore in the year-ago period, the company said in a BSE filing.

Gucci to add sparkle with high-end jewels, Kering's Pinault says

Jewellery has been one of the best performing corners of the luxury industry in 2018, according to consultancy Bain & Co, which forecast that comparable sales in the 18 billion euro global market were set to progress 7 percent this year.

Process of demolition of Nirav Modi's bungalow started: Government to High Court

The high court had ordered action against unauthorised constructions in Alibag in Raigad district, a popular getaway near Mumbai.

Titan Q1 profit jumps 31% YoY to Rs 349 crore

Revenue for the quarter rose to Rs 4,318.85 crore from Rs 4,026.64 crore in the year-ago quarter.

Government says Mehul Choksi still a citizen, pushing for Antigua extradition

Mehul Choksi, who is one of the key people accused of defrauding Punjab National Bank (PNB) of $2 billion, fled India before the accusations surfaced last year. Bringing Choksi back to India would be a boon for Prime Minister Narendra Modi as he tries to bolster his anti-corruption credentials ahead of a general election due by May.

Jewellery business should grow at least 23% this year: Bhaskar Bhat, Titan

Online feeds the brick and mortar stores and again we are seeing a growth, says Titan MD.

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

Meet Kuruvilla Markose, the man who has put Titan’s digital transformation on the fast track

Markose seems to have segued into his role pretty well. He has spent all of his two decade long career in Tata Group. He has been in customer facing roles across different group companies.

Lenskart hires senior executives for top posts

The Faridabad-based company has named Oliver Kaye, who formerly led global apparel and accessories retailer The Gap’s Indian operations, as its chief operations officer and chief business officer,

Revealed: A Rs 300 crore Choksi land scam

Choksi and aides own 25 acres in Panvel worth Rs 300 crore at current market prices. His company, Gitanjali Gems Ltd (GGL), was to buy the land in two Panvel villages that fell in the green zone then, with the stated purpose of setting up an SEZ. The Panvel tehsildar's office is investigating this case.

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.

For the rest of the year we will be on target: Bhaskar Bhat, Titan

Titan MD explains why jewellery sales failed to keep pace with target in Q1

Attention, fashion Nazis! Alexander McQueen, Yves Saint Laurent are coming to India

The first of these stores is likely to come up at DLF’s Chanakya mall in Delhi.

Trump targets Nike as Kaepernick ads spark boycott calls

The footwear and apparel maker's campaign this week further stoked a national debate over social justice that Kaepernick and other NFL players sparked with their protests aimed at addressing police brutality against minorities, racial injustice, and reforming the criminal justice system.

After demonetisation & GST, Indian luxury market now hit by stock and currency fluctuations

The overall market contraction has translated to cut downs in sales teams on the shop floors or staffers foregoing incentives after hanging on to their jobs.

Xiaomi leads India wearables market in Q3 2018: Report

Xiaomi and GOQii are followed by Titan, Samsung and Fossil in terms of market share.

Gems, jewellery exports decline 8.5 pc in Apr-Dec 2018

The decline in shipments is mainly due to negative growth in the export of silver jewellery, gold medallions and coins, along with a rise in the return of consignments.

Baggit's mass media campaign: What's in this bag?

Baggit launched its first mass media campaign, with a Bollywood face. Is it enough to stem the tide in this suddenly hypercharged category?

We are growing because of tailwinds in all sectors: Dilip Piramal, VIP Industries

“It will be a long time before Bangladesh starts to make a bigger contribution in our working.”

Footwear is biggest story for us: Biyani

Elaborating on the trend he said that while women have a minimum of 20 pairs of footwear on an average, men are moving towards owning 20 pairs. “Footwear is the biggest story for us,” he added.

PV Sindhu signs approximately Rs 50 crore deal with Li Ning

"Sindhu's deal is one of the biggest in world badminton. It is close to Rs 50 crore for sponsorship and equipment," director of the firm which is the multi-national exclusive partner of Li-Ning in India said.

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.

Relaxo eyes Rs 2,500 crore turnover this fiscal

The company also plans to open 50 standalone outlets in the current fiscal, taking total count to over 350 stores.

Maharashtra foils Mehul Choksi’s plan to rob it of 27 acres in Panvel

Of the 27-acre parcels in Chirvat, Sangurli and Turmale villages in Panvel, 27 are under Choksi’s name.

PC Jeweller Q3 results to be released today

The company had reported a 52 per cent increase in its net profit at Rs 162.71 crore for the corresponding period of the previous year.

Titan Q2 net rises 8 pc to Rs 301.11 cr

Titan said as on September 30, 2018, as a part of treasury operations, it has invested in inter-corporate deposits amounting to Rs 145 crore with IL&FS and its subsidiary.

Richemont highlights volatile consumer demand as net profit falls

"Amidst growing volatility in consumer demand, partly attributable to an uncertain economic and geopolitical environment, we maintain confidence in our ability to realise our long term ambitions," the maker of IWC watches and Cartier jewellery said in a statement on Friday.

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.

Crocs to outsource manufacturing of clogs, other footwear

Crocs is also closing less productive retail stores as leases expire and focusing more on online sales.

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.

Indian cotton fabric, yarn exports fall due to high duties: Study

Indian export of cotton yarn to the the EU and China slumped 25% in last five years

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.

Global sportswear giants reduce cricket spends

Sponsoring a bat can cost a company anywhere between Rs 50 lakh for a rookie to around Rs 6-8 crore for a toplevel cricketer such as Indian skipper Virat Kohli.

Katy Perry criticised for racist 'blackface' shoes; online retailers pull designs

The shoes from Katy Perry Collections comes in two shoe colours.

Future Group exits JV with Skechers

Last year, Future Group, which also owns footwear brands such as Lee Cooper, Converse, and Clarks, said it expects to clock Rs2,500 crore in revenue from footwear sales in 2019.

Skechers USA purchases minority shares of its Indian JV

The Skechers India subsidiary will continue operating under its existing structure and from its existing headquarters location in Mumbai.

Govt to organise outreach programme for textile MSMEs tomorrow

Prime Minister Narendra Modi had launched the 100 days programme for support and outreach to MSMEs on November 2, last year, identifying 100 districts in various sectors across the country.

ITC takes first step towards making apparel biz ‘sin-free’

Re-branding alone may not help unless combined with change in sales strategy and execution.

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.

DDB Mudra Group wins creative mandate for Puma

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

Brand Titan is top of the pops in terms of growth but all brands are growing: Bhaskar Bhat

Benefits of formalisation of economy are disproportionately in our favour, says Titan MD

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.

Gold remains weak on muted demand

Marketmen said the fall in gold prices has been mostly attributed to sluggish demand from local jewellers as well as retailers, but a firming trend overseas limited the fall.

Luxury spending in India sees a 4% growth rate from 2013 to 2018

Demand is expected to be strong owing to country’s favourable demography & long-term economic prospects.

Arvind plans to cut carbon emissions by 30 pc

According to the statement, it has currently installed 16.2 MW rooftop solar at its Santej facility in Gujarat. This is India's largest installation of rooftop solar at a single location.

'Modi saree' a new fad among women in Gujarat

You can now own a saree with the face of PM Modi printed on it. The sarees are presently quite popular in Gujarat, the native state of the PM.

Victoria Beckham promises to stop using snake, alligator, tiger skin for clothing line

Posh won't use exotic animal skin and fur in her fashion line.

Gautam Singhania on affordable housing foray, schools and expanding Raymond into small towns

Either you make money or you make a lot of money, but I want to move volume, says Singhania.

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.

Walmart's Jet.com to offer Nike products in bid for urban consumers

Jet's relationship with Nike is less about the Nike product and more about how consumers go about discovering a sneaker or running shoe, Jet executives said.

GJEPC targets 6k new jobs in diamond, jewellery sectors

“We have set the target of infusing more than 6,000 young talents in the diamond and jewellery sector from across the state. The Pratibha campaign will not only cover Surat, but key cities across the state.”

Leather brand Kompanero to open exclusive stores in Europe

The company already has a presence in Europe, Japan, and Korea via distribution networks.

Govt to start textiles trend forecasting this month

Textiles Secretary Raghvendra Singh also said the ministry along with export promotion councils was firming up schemes for apparel and made-ups sectors which are WTO-compliant.

Jeans maker Levi Strauss files for stock market comeback

Levi's faces rapid changes in consumer tastes as people shop for cheaper store brands.

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.

Now, Kohli's athleisure brand scores a century

Kohli gets to keep 10% of that amount as royalty according to the terms of the agreement with Puma, said sources.

Prada forming diversity council after blackface outrage; Ava DuVernay to chair committee

The council aims to 'elevate voices of colour within the company and fashion industry at large'.

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.

Growth is going to come from both premium segments and move into tier 3, tier 4 towns: Sandeep Kataria, Bata India

“We have also been able to improve our operating margins by more than a 1%."

Payless ShoeSource to shutter all of its remaining US stores

The debt-burdened chain filed for Chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization.

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.

Raymond Weil expects India to be among top 5 market globally in next 4-5 years

Raymond Weil sees huge 'potential' in the Indian market, which ranks around 12 to 13 in its overall global sales, said Raymond Weil Director Olivier Bernheim.

Puma appoints boxing champion Mary Kom as brand ambassador

"We are very thrilled to welcome Mary to the Puma family. She is going to take our women's category in India to the next level" said Abhishek Ganguly, PUMA India, MD.

Epic Group to set up garment manufacturing unit in Ranchi; to invest $20 mn in 2 years

The group's clients include big retailers like Walmart, JC Penney, Kohl's, Levi's, Uniqlo, H&M, Tesco, Sainsbury's to name a few.

Family-run businesses must distinguish between owners and management to stay relevant: Gautam Singhania

Singhania recently stepped down as chairman from a group of companies.

Retailers, fashion brands struggle with racial insensitivity

In the latest example, Katy Perry's fashion line this week pulled two types of shoes - which featured protruding eyes, nose and red lips - that critics likened to blackface.

'India Size' garments may hit the shelves soon

In March, the government will launch an exercise to measure a group of people to prepare a comprehensive 'India Size' chart.

Adidas will open bigger stores in India

According to Thomas, consumers want to come and spend more time in the bigger stores because there is more to see, more to buy and more to experience. Hence the decision was made to open bigger store format for Adidas.

Adidas signs endorsement deal with athlete Hima Das

Das will now be equipped with the very best offerings from Adidas for her racing and training needs, the company said.

The key to luxury experiences is story telling: Manmeet Vohra

Manmeet Vohra is a leading name in the luxury and lifestyle industry.

Fashion company Nine West files amended bankruptcy plan

Nine West, which owns brands such as Anne Klein and Gloria Vanderbilt, said it will also receive a three-year purchase commitment from Belk Inc for an assortment of merchandise across the company's businesses.

Haute-couture designer Karl Lagerfeld dies aged 85

Rumours of Lagerfeld's ill-health had swirled after he missed Chanel's January show in Paris.

Monte Carlo settles trademark row with Skoda Auto

The agreement between the two parties comes a year after a Delhi court had admitted a trademark violation plea for infringement of trademark Monte Carlo owned by Monte Carlo Fashions Ltd against Skoda Auto India from using the brand name with respect to a new Monte Carlo edition car.

Fanatics opens India tech centre in Hyderabad

The company partners some of the largest sporting operations and clubs in the world, including Real Madrid, Manchester United, Big Bash Cricket, NBA, NFL and the Wimbledon Championships.

Back to the future: Puma revamps 32-year-old RS-Computer shoe

The newer version retains the predecessor’s look.

Apparel brand Turms hit Rs 24 crore revenue rate, closes an additional Rs 2 crore seed round

Turms sells apparel starting at the Rs 799 price point, plans to break even in the next six to nine months.

After Karl Lagerfeld's death, Silvia Venturini Fendi to head Italian luxury fashion house

Lagerfeld joined Fendi in 1965 and set to modernise the fur specialist with new techniques.

Aditya Birla Fashion to set up Rs 114 crore manufacturing plant in Odisha

Odisha industries department principal secretary Sanjeev Chopra said the proposal has been approved in the single window clearance on Tuesday.

CBI likely to argue against Delhi HC hearing PNB Case

Rao and Sharan approached Delhi High Court contesting sanctions, arguing that there was “no application of mind" while making decisions.

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.

Nirav Modi, Mallya, Choksi will be brought back just like Christian Michel: Prakash Javadekar

Accusing the UPA regime of handing out unsecured loans, Union Minister Prakash Javadekar Tuesday said fugitives Mehul Choksi, Nirav Modi and Vijay Mallya will be brought back just like Christian Michel.

Govt to continue urging Antigua to revoke Mehul Choksi's citizenship

Choksi and his nephew Nirav Modi are accused in the Rs 13,500-crore-plus Punjab National Bank fraud case.

Crocs doesn't see local manufacturing viable in India

Teffner's statement echoes with several other foreign footwear and apparel brands that have localised manufacturing of products that can easily be made in India. For the more premium part of their portfolio that requires hi-tech manufacturing processes, these companies still rely on imports.

India among top 6 markets for Crocs: CFO Carrie Teffner

“India will grow as one of the top-tier markets because we know the potential here is fantastic,” Teffner said in an interview with ET here on Tuesday. Globally, Crocs sells 55 million pairs of footwear every year.

Now SBI chases Mehul Choksi for Rs 405 crore loan default

This is the first time the country's biggest bank's exposure has been revealed in the case involving Choksi

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.

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.

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.

Anil Agarwal keen to bring Co that owns De Beers to India

Agarwal recently spent USD 2.4 billion to buy close to 22 per cent in Anglo, which owns 85 per cent of De Beers, the world's leading diamond company.

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.

India in the top five markets for Spanish luxury brand Lladro

The Valencia-based brand entered India 13 years ago with limited edition sculptures of Hindu gods and classic pieces like cherubs and ballerinas

Authorities begin razing Nirav Modi's seaside Alibaug bungalow

The Raigad collectorate on Friday afternoon began demolishing Nirav Modi's sprawling seaside mansion in Kihim in Alibaug. District collector Vijay Suryawanshi issued the demolition orders after the Enforcement Directorate (ED) handed over the property situated in neighbouring Raigad district.

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.

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.

WK lifestyle to enter Indian mobile phone accessories market

"We are planning to open around 200 stores in the next two years," WK lifestyle India Director Rohit Sahni told .

Crocs to cross 100 stores mark in India

India is one of the fastest growing markets for Crocs and sixth largest globally and the company is turning towards India to fuel its next phase of growth.

Sneaker Speak style culture giving a push to premium sneaker market in India

The country is seeing a rise in the subculture of sneakerheads — people who collect, trade or admire sneakers.

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.

World's 'most expensive' pair of shoes has arrived, for Rs 123 cr!

The pair is created in collaboration with UAE-based brand Passion Jewellers.

Is Mehul Choksi being brought back? Long-range Boeing with ED, CBI officials may head for West Indies

Govt sources have confirmed that India is moving ahead to bring high-value economic offenders from West Indies.

We will continue to be associated with cricket, no intent to scale back: Dave Thomas, MD, Adidas-India

The new stores are bigger and better. Our online business is growing at a healthy pace. It is a fast-growing channel.

Liberty shoes forays into lifestyle retail

Liberty Lifestyle has introduced its first range of perfumes, commencing its entry into fast growing fragrances segment, the company said in a statement.

Why luxe brands are all using the same font

Shortly before London Fashion Week, Burberry Group Plc unveiled a new version of its logo before the first runway collection under new Chief Creative Officer Riccardo Tisci.

No Indian team coming to pick up Choksi, says Antiguan government

Choksi’s application for Antiguan citizenship was granted after he received a clean chit from the Indian government.

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.

The focus will be on entering new markets in Southeast Asia: Dilip Kapur, Hidesign

Spread over two levels, the Sarajevo store exudes the values of Hidesign: luxury, heritage, craftsmanship, and warmth - all of it natural.

Costly fittings inside Nirav Modi bungalow slow down razing

District authorities have said the reports sought by them from structural engineers of the civil engineering department on how to proceed further, have been received, and they would now resume pulling down the bungalow.

Gems & jewellery sector seeks cut in gold import duty to 4%

All India Gem and Jewellery Domestic Council also wants the PAN card limit to be raised to Rs 5 lakh from Rs 2 lakh.

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.

Nike returns to growth in North America, tops estimates

Nike has responded with an emphasis on new launches and selling directly to customers through its stores and online, while also partnering with Amazon.com Inc.

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.

US government shutdown to hit Indian diamond exports

The shutdown stemmed from an impasse over President Donald Trump's demand for $5.7 billion in federal funds for a US-Mexico border wall.

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.

DLF Brands to close down women’s accessories brand Claire’s in India

The company has filed for Chapter 11 in the US and that is the reason we are closing the stores, said Timmy Sarna, chief executive of DLF Brands.

Kendall & Kylie Jenner unveil an affordable line of handbags and accessories

Their accessory line features 42 styles of fanny packs, backpacks and satchels.