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Fashion chain Gap in deal with online retailer Zalando

Fashion chain Gap in deal with online

Gap Inc has struck a deal with Europe's largest dedicated online fashion retailer Zalando to sell its core brand from next May, hoping to reach more consumers, particularly in markets where it has no physical stores. The US company already delivers to 24 European countries from its own website and has more than 200 stores on the continent but is not present on

December 16, 2014  |  comments ( 0 )  | 

China\'s e-tailing websites found selling fakes

China's e-tailing websites found

Some of China's e-commerce websites were found selling fakes in spot checks carried out by China's quality authorities. The spot checks were made on discounted goods sold on many sites on Nov. 11, a newly contrived shopping-fest,

December 12, 2014  |  comments ( 0 )  | 

Indian jewellery producers bullish on Russian diamond trade

Indian jewellery producers bullish on

India's Gem and Jewellery Export Promotion Council (GJEPC) Saturday said it is banking on the upcoming World Diamond Conference, scheduled in New Delhi to gain a global edge in the diamond polishing and cutting segment with an

December 08, 2014  |  comments ( 0 )  | 

Ashapura plans capex for retail stores, manufacturing plant

Ashapura plans capex for retail stores,

Aiming to "Digitally Transform" West Bengal, Computer Association of Eastern India (Compass) has scheduled east India's biggest computer fair in mid February next year in association with Nasscom,says a report in IANS. "In

December 06, 2014  |  comments ( 0 )  | 

Jubilant's promoter Weston Investment reduces its stake by 2.44%

Jubilant's promoter Weston Investment

Jubilant FoodWorks promoter group entity Weston Investment Ltd has reduced its stake in the company by 2.44 per cent by selling 15.97 lakh shares in the open market, as per a PTI report. Weston along with other entities had 51.34 per cent

December 06, 2014  |  comments ( 0 )  | 

LED Expo 2014 to witness a participation of 200 companies

LED Expo 2014 to witness a participation

 Focussing on high quality and competitively priced lighting solutions for the Indian market, as many as 200 companies have come together to showcase their products at the LED Expo 2014., says a PTI report. The three day exhibition organised by

December 05, 2014  |  comments ( 0 )  | 

L'Oreal to expand its base in two more cities across India

L'Oreal to expand its base in two more

Cosmetics major L'Oreal India Private Limited will spread out to more towns for making their products available at salons. "At present we are present in 350 towns and cities across the country. We plan to spread out to more places in

December 05, 2014  |  comments ( 0 )  | 

Starbucks aims to double US revenue to $4 billion

Starbucks aims to double US revenue to

In a bid to boost growth in the US, global beverage giant, Starbucks Corp is all set to add beer, wine, and evening snacks in its menu to widen its lunch offerings and roll out mobile ordering, according to a Reuters

December 05, 2014  |  comments ( 0 )  | 

Softbank invests $250 mn in Uber rival GrabTaxi

Softbank invests $250 mn in Uber rival

SoftBank investment, GrabTaxi has raised USD 340 million in the past 14 months, says a PTI report. The fresh investment comes as an attempt to gain a foothold in the region despite multiple regulatory tangles and already fierce competition. Nikesh

December 04, 2014  |  comments ( 0 )  | 

Govt sets up panel to monitor trade-based laundering

Govt sets up panel to monitor

In a bid to keep a check on trade based money laundering, the government has formed a panel, according to a PTI report.   As a part of governments effort to curb illicit flow of funds, this panel will keep a check on money generation by Indian

December 04, 2014  |  comments ( 0 )  | 

India to be fastest growing economy in 2-3 years: Mukesh Ambani

India to be fastest growing economy in

Indian economy is all set to emerge as the world’s fastest growing economy in the coming 2-3 years, according to a PTI report, citing a strong statement made from corporate honcho Mukesh Ambani during an event organised by Brown

December 04, 2014  |  comments ( 0 )  | 

Direct selling contribution to govt revenue set to increase 9 fold

Direct selling contribution to govt

The FICCI-KPMG report on the direct selling industry in India, released by Ram Vilas Paswan, Union Minister of Food, Public Distribution and Consumer Affairs, in Delhi today at a FICCI conference - "DIRECT 2014", indicates that the

December 03, 2014  |  comments ( 0 )  | 

Jewellery stocks may lose sheen on likely curbs on gold imports

Jewellery stocks may lose sheen on

Jewellery industry stocks are losing lusture, as the government is planning to impose curbs on gold's inward shipment, in a bid to maintain current account deficit(CAD), says a PTI report. Commenting on the issue, RBI Deputy Governor, S

November 19, 2014  |  comments ( 0 )  | 

Gold jewellery, coins export jumps 22% during April-September

Gold jewellery, coins export jumps 22%

Gold exports rose by 22 per cent rose by 22 per cent to Rs 33,594 crore in the first half of this fiscal mainly due to RBI's 80:20 scheme, according to a report by PTI. Under the 80:20 scheme, the Reserve Bank, in August last year, had

November 10, 2014  |  comments ( 0 )  | 

Future Lifestyle’s Q2 net profit at Rs 7 crore

Future Lifestyle’s Q2 net profit at Rs 7

Retail giant, Future Lifestyle and Fashions Ltd (FLFL) reported net profit of Rs 6.98 crore for the second quarter of 2014-15 fiscal. The company has recorded a net profit of Rs 108.90 crore in corresponding of the previous fiscal, 2013-14 on

November 10, 2014  |  comments ( 0 )  | 

CCI to take final call on Sun Pharma-Ranbaxy deal this month

CCI to take final call on Sun

Competition Commission is all set to finales its decision on the USD 4 billion, Sun Pharma-Ranbaxy deal — the first M&A transaction to have gone through public scrutiny amid concerns of adverse impact on fair competition in the

November 07, 2014  |  comments ( 0 )  | 

Govt cuts import tariff value on gold, silver

Govt cuts import tariff value on gold,

The government on Saturday slashed import tariff value on gold to $391 per 10 grams and silver to $551 per kg following weak global price trends, says a PTI report. During the last fortnight, the tariff value on imported gold was

November 03, 2014  |  comments ( 0 )  | 

Jobs in e-commerce sector in demand among B-school, engineering graduates

Jobs in e-commerce sector in demand

Engineering and B-school graduates are opting for jobs in the e-commerce industry over sectors like FMCG, consulting, financial services and infrastructure, says a PTI report, citing a poll by Assocham. "The number of intakes by the

November 03, 2014  |  comments ( 0 )  | 

WhatsApp user-base crosses 70 million in India

WhatsApp user-base crosses 70 million in

Mobile messenger service WhatsApp's user base in India has grown to 70 million active-users, which is over a 10th of its global users, its business head Neeraj Arora "We have 70 million active-users here who use the application at

November 03, 2014  |  comments ( 0 )  | 

Flight Centre Travel Group to open 23 Flight Shop stores

Flight Centre Travel Group to open 23

Australia-headquartered travel firm, Flight Centre Travel Group will open 23 stores across the country by June 2017 as part of its expansion plans in the country, says a PTI report. "We will be opening 23 new Flight Shop stores across the

October 30, 2014  |  comments ( 0 )  |