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Promoters of Donear Group acquire OCM Woolen Mills
Promoters of Donear Group acquire OCM

As part of the strategy to consolidate their top position in Indian textiles industry, the promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills. The acquisition of OCM, which manufactures apremium range of high-quality all-wool and wool-blended worsted suiting fabrics, will enable the Donear Group to expand its range of products

November 20, 2017  |  comments ( 0 )  | 

Rheson Clothing By Rhea And Sonam Kapoor Avaible On Amazon
Rheson Clothing By Rhea And Sonam Kapoor

The fashion journey of Rhea & Sonam Kapoor is globally discussed, locally inspired and homegrown in the truest sense.  Therefore, it comes as no surprise that the Kapoor sisters decided to build a high street fashion brand that embodies their style sensibilities. Curated by the most fashionable sisters in the country, who put their heart and soul to present young girls with aspirational fashion, Rheson has already been a sellout hit

November 20, 2017  |  comments ( 0 )  | 

Alibaba To Buy 36% Stakes Of Sun Art For $2.9 Billion
Alibaba To Buy 36% Stakes Of Sun Art For

Internet giant Alibaba Group Holding Ltd said it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail. As part of an alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake. The alliance would target opportunities in China's $500 billion food

November 20, 2017  |  comments ( 0 )  | 

Shopping Platform Voonik To Expand Kidswear Category
Shopping Platform Voonik To Expand

Voonik, India’s first personalization based shopping platform, announced the expansion into Kidswear today. Kidswear category is focused on clothes &accessories for children in the age group of zero to twelve years. The expansion is based on the company’s ethos of making fashion accessible and affordable to all and is available on Voonik website, mobile site and mobile App.   Voonik CEO and Co-Founder Sujayath Ali

November 20, 2017  |  comments ( 0 )  | 

Select Citywalk Looks To Open Another Mall In NCR
Select Citywalk Looks To Open Another

Company Official said “Select Citywalk, operator of the plush shopping centre at Saket in Delhi which completed 10 years this month, is considering opening another mall as part of its expansion plans”. Company is mulling locations beyond Delhi-NCR for its second shopping centre, though the national capital region remains its first preference, and is looking for long-term financial partnership for the project”. It is also

November 20, 2017  |  comments ( 0 )  | 

We were never in discussion with Bigbasket for merger- Grofers CEO
We were never in discussion with

Online grocery firm Grofers has denied holding merger talks with larger rival BigBasket, saying "just one meeting about business" last year between the two had been blown out of proportion. Grofers founder and Chief Executive Alibinder Dhindsa said “company is focusing on growing its business as the online grocery segment is still at the nascent stage. It was not (merger) talks, there was just one meeting about how the business

November 20, 2017  |  comments ( 0 )  | 

Government Plans To Cut GST On White Goods
Government Plans To Cut GST On White

After consumer products and other daily use items, the government is now looking to reduce goods and services tax (GST) on consumer durables like washing machines and refrigerators from the current level of 28% as part of the next round of rationalisation. The official said that a part of the reason for lower levy on restaurants was also to free women from household chores, which begin with packing lunch for children in the morning and extend

November 20, 2017  |  comments ( 0 )  | 

Virtuous Retail Bags $175 Million Of Additional Equity
Virtuous Retail Bags $175 Million Of

Shopping mall developer Virtuous Retail South Asia said it has raised USD 175 million (about Rs 1,143 crore) of additional equity from one of its founding shareholders, APG Asset Management. Virtuous Retail South Asia (VRSA) is a joint venture between Dutch pension fund asset manager APG Asset Management (APG) and Virtuous Retail (VR) sponsored by emerging markets investment firm The Xander Group Inc (Xander). Equity investment will augment the

November 17, 2017  |  comments ( 0 )  | 

Motorola Launches Three Moto Hubs In kolkata
Motorola Launches Three Moto Hubs In

In line with its commitment to launch 50 'Moto Hubs' in the country, Motorola announced the opening of three 'Moto Hubs' in Kolkata. Earlier, company opened six 'Moto Hubs' in Delhi-NCR and Mumbai. 'Moto Hubs' allows users to experience and purchase latest online and offline portfolio of Motorola products under one roof, including the recently launched smartphone "Moto X4". Sudhin Mathur, Managing

November 17, 2017  |  comments ( 0 )  | 

Wal-Mart Share Rises  In 3rd Quarter
Wal-Mart Share Rises In 3rd Quarter

Wal-Mart Stores raised its full-year profit projection Thursday, sending share prices higher despite reporting a plunge in third-quarter earnings due to one-time costs. World’s biggest retailer continued its strong performance in the US market, where comparable store sales rose 2.7 percent. But third-quarter earnings sank 42.4 percent to $1.7 billion due mainly to a loss connected to debt payments. The retailer also set aside up to $60

November 17, 2017  |  comments ( 0 )  | 

Diamond Producers Association Begins Its Operation In India
Diamond Producers Association Begins Its

Diamond Producers Association (DPA), a trade body of the world’s seven largest diamond miners, has launched its operations in India. DPA, whose members account for about 75% of the global diamonds mined every year, said it will spend $7 million (about Rs 45 crore) in 2018 for promoting and educating people about diamonds, including about countering synthetic diamonds. India is DPA’s is the second country office, after the US the

November 17, 2017  |  comments ( 0 )  | 

Raymond Aims To Double Its Turnover To 1000 Crore In 3-4 Years
Raymond Aims To Double Its Turnover To

Textile and apparel major Raymond is sharpening its focus on FMCG business as it plans to double turnover to Rs 1000 crore over the next three-four years. Raymond is present in the FMCG space through its subsidiary JK Helene Curtis, which makes the Park Avenue brand of men's grooming products. It was begun in 1964 as JK Ansell. Raymond group had recently acquired Ansell's stake in the sexual wellness and personal care brand KamaSutra,

November 17, 2017  |  comments ( 0 )  | 

New York's Luxury Brand COACH Opens At IGI Airport
New York's Luxury Brand COACH Opens At

Company said in a statement “Leading New York brand of luxury accessories and lifestyle collections, Coach, has opened their new store at Delhi International Airport”. Located in the duty-free shopping zone in Terminal 3, the store is a nearly 80 square meter space developed by Coach's creative director Stuart Vevers in partnership with William Sofield, designer, and president of Studio Sofield. Coach store is operated by

November 16, 2017  |  comments ( 0 )  | 

ShopClues Launches Electronic Label Digimate
ShopClues Launches Electronic Label

Ecommerce player ShopClues has launched its electronic label Digimate to address the need of affordable high quality electronic accessories targeting tier III, IV and smaller cities Digimate is the 4th exclusive label to have been introduced by ShopClues after Home Berry (home & décor label), MEIA (workwear apparel for women) and Baton (footwear fashion for men). Digimate product range includes selfie sticks, power banks,

November 16, 2017  |  comments ( 0 )  | 

Paytm Partners with ICICI Bank For Quick Credit
Paytm Partners with ICICI Bank For Quick

Digital payments platfrom Paytm has partnered with the country's largest private sector lender ICICI Bank for a short term credit product for its customers. The product named Paytm-ICICI Bank Postpaid will allow customers to get instant credit for regular use across bill payments, movie tickets and other purposes. Available on all days in a purely digital format without any physical onboarding the product relies on the bank's analysis of

November 16, 2017  |  comments ( 0 )  |