world news

CBI courts takes cognizance of offences in Rotomac case

Special CBI judge M P Chaudhary fixed June 21 for next hearing of the case.




world news

Flair Writing Industries files IPO papers with Sebi

The offer comprises a fresh issue aggregating up to Rs 330 crore and an offer for sale of up to Rs 120 crore.




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Navneet Education signs Prithvi Shaw as brand ambassador for Youva

Shaw will feature in a line of exclusive limited edition stationery, inspired by and with inputs from him.




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An inside view of India's pencil business and the four families that control it

Complicated manufacturing and investment needs may have a role in keeping new players out of the business.




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Expect stationery business to get back to double digit growth from Dec: ITC

The company had also brought the Classmate Pulse Selfie notebooks, allowing personalisation of notebooks with a selfie on the cover.




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Rotomac companies set to be shut now

Rotomac Exports and Rotomac Global, firms promoted by banking-fraud accused Vikram Kothari, will now be auctioned by the bankruptcy court.




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CBI gets one-day transit remand for Rotomac owner Vikram Kothari, son

The court allowed a day's transit remand for both the accused, who were arrested on Thursday for alleged default on loan repayment.




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Rotomac scam: How Vikram Kothari used virtual offices, round-tripping to dupe banks

Rotomac violated FEMA rules and worked for interest rate differential in local and foreign currency in the guise of trade without having any genuine business transactions.




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Rotomac loan default swells to Rs 3,695 crore, CBI files case against Vikram Kothari

Earlier, the loan default was estimated at over Rs 800 crore but scrutiny of documents by CBI revealed that the amount is much larger.




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Vikram Kothari, Rotomac promoter raided by CBI: Live Updates

After Rs 11,360 crore PNB scam , another ace businessman - Vikram Kothari from Kanpur -has been accused of defaulting on repayment of more than Rs 800 crore loans from five government banks




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Reader connect, eclectic collections help bookstores flourish in online times

Though the business is a precarious one, bookstores are here to stay as long as there are readers driven by a compulsion to read, say leading booksellers in the capital.




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With no counter sales or deliveries, bookstores turn to social media to engage customers

Readers have placed online orders and bookstores are keeping a track of each order and are hoping to cater to every such customer once the situation gets better.




world news

Boutique Living to be a Rs 500 cr brand in 5 years: Asim Dalal, MD, Indo Count

The Rs.13000 crore domestic bed linen market is expected to be more than Rs 19,000 cr market by 2021 and there is a scope for us to explore the domestic market at this point in time.




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Looking to double the number of retailers to 4K in two years: Rahul Gautam, MD, Sheela Foam

"We have 2,200 exclusive dealers or retailers and therefore what has worked well for us is this exclusive chain right from manufacturing to the consumer."




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Kohler sees India among its top 3 global markets

Kohler would enhance its sales network in the domestic markets by having presence in 200 towns in next three years and become a 1,000 store company in next five years.




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Bombay Dyeing draws strategy to revive retail business

The reinvention started more than a decade ago, soon after the company decided to exit textile manufacturing.




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Bombay Dyeing to infuse new life into retail arm

PwC, Microsoft, KPMG & EY to help business turn profitable by next fiscal.




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Parryware to supply bathroom products for Patanjali projects

As part of this association, "Parryware sanitaryware and faucets will be used for all Patanjali's upcoming projects across India," the company said in a statement.




world news

Stores play hide and seek with Ivanka’s products

Bed Bath & Beyond used to sell Ivanka Trump’s diaper bags in various prints on its vast online store. Suddenly, in March, the listings disappeared.




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Jaquar Group takes over Euro Ceramics Ltd’s sanitaryware plant

The company will spend about Rs 90 cr to expand and modernise the plant spread over 17 acres this fiscal, he said.




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Lacasa store concept will grow our business 2 times by 2020: Manish Bhatia, HSIL

We will be investing approximately Rs 2-3 crore each in setting up 10 Lacasa stores covering around 40,000-50,000 sq. ft. area till 2020.




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Jaquar aims to make lighting Rs 1,000 cr business in 2-3 yrs

The capex for FY'18 is about Rs 300 crore to expand lighting and bathroom fitting plants




world news

HSIL eyes Rs 700 crore sales from consumer biz in 4-5 years

The company is present in built-in kitchen appliances and claims to be the number three brand in the country.




world news

Jaquar aims $1 bn turnover by 2022, to open 15 stores globally

The company, which aspires to be a global brand in the segment, is in the process of opening 15 exclusive brand showroom 'Jaquar world' across the globe.




world news

Kajaria Group ropes in Anushka Sharma to promote Kerovit brand

The Group has launched a marketing campaign including digital, outdoor, television and cinema to promote the brand, the company said in a statement.




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Ricoh India case: Sebi bans seven from mkt; orders forensic audit

Sebi shall also appoint an independent audit firm for conducting a detailed forensic audit of the books of accounts of Ricoh for the financial year 2012-13 onwards till date, the cost of which shall be borne by Ricoh.




world news

Eyeing Rs 2k cr in revenue, Kurl-on says partnership with IKEA will prove beneficial

"Some part of Kurl-on's business did get cannibalized with the opening of IKEA's first store in Hyderabad, but it is not a cause of worry," Sudhakar Pai, Chairman and MD, Kurl-on says.




world news

Sanjay Kalra appointed as President of HSIL's Bath Products Business

Kalra was earlier associated with HSIL as Senior Vice President – Sales. Prior to joining HSIL, Kalra has held leadership positions at Sintex Industries, Somany Ceramics, and Pidlite Industries.




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Bed Bath and Beyond sinks as doubts around turnaround linger

Bed Bath and Beyond has been struggling to boost sales in the face of changing consumer preferences towards online furniture retailers such as Wayfair Inc.




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Bed Bath & Beyond shakes up board amid investor pressure, co-founders step down

Shares of the New Jersey-based home furnishing retailer fell about 3 percent in mid-day trade.




world news

The mystery in your mattress

The memory-foam bedding market is projected to be worth Rs 300 crore by next year.




world news

Wipro venture arm picks up stake in LetsShave

“We plan to rapidly expand our newly launched portfolio of Shower, Beard, Body & Electric trimmers to focus on becoming a one-stop grooming solution for men and women,” Sidharth Oberoi, CEO, LetsShave told ET.




world news

India among top suppliers of paper to UAE

Other markets account for approximately 27.9 per cent of Dubai's imports, a statement released here by organisers of Paper Arabia 2013.




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Stationery business on rise in Koramangala

The business of fine writing instruments is growing in tandem with other luxury segments in Koramangala and its surroundings.




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Cardboard box makers shut shop due to lack of regulation, input cost hike

About a fourth of the corrugated box makers in the country are in danger of shutting down over the next few months as they are unable to pass on cost pressures to their clients.




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Ashraf ElArman appointed Managing Director of Xerox India

Documentation solutions firm Xerox today announced the appointment of Ashraf ElArman as Managing Director of its Indian unit, effective June 22.




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Tolexo appoints Myntra executive Mayank Kamal as Head of Supply Chain

At Myntra, Kamal was heading different verticals including logistics, operations excellence and the training function, where he built the in-house logistics team and scaled it to include more than 3500 people, spread across 80 plus towns and delivering over 100,000 packets a day.




world news

Tolexo collaborates with Google to boost sales and bring down customer acquisition cost

With about a million products available on its website, Tolexo is among the largest B2B ecommerce sites in the country, serving 2.5 lakh businesses.




world news

Ballarpur Industries in talks to sell Malaysian arm to China's Nine Dragons

India’s largest maker of writing & printing paper has been in talks with Nine Dragons for some time now. Discussions are likely to lead to a binding agreement soon, sources said.




world news

Printing solutions co Printo buys rival Print Bazaar's parent firm

While the financial terms of the acquisition, which was completed last month, were not shared, sources privy to the developments said the deal valued Print Bazaar at Rs 8-10 crore.




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Meet Ryan: A 7-year old boy who is the highest-paid YouTube star of 2018

The boy topped Forbes' list of "Highest-Paid YouTube Stars 2018" with an impressive earning of USD 22 million.




world news

Toy maker Funskool inaugurates new factory in Ranipet

"The company will invest another Rs 15 crore in another three months. The factory is close to Chennai port, thereby facilitating easy exports to our buyers abroad. We are happy to inaugurate our third manufacturing facility in India and production has already begun ,” said John Baby, chief executive officer (CEO), Funskool.




world news

Reliance acquires British toy-maker Hamleys for undisclosed sum

Reliance Retail’s marquee label operator Reliance Brands is the India master franchisee for Hamleys, which reputedly has its origins in the world’s oldest toy store in London that was opened in 1881.




world news

The man with all the toys: Why Mukesh Ambani bought Hamleys

With 167 stores across 18 countries, Hamleys gives Reliance Retail a much-needed global footprint.




world news

Can Mukesh Ambani turn Hamleys into a titan or it'll just be a trophy buy?

Even with Reliance's considerable experience, turning a trophy into a titan isn’t a given.




world news

Reliance Brands completes acquisition of Hamleys

Reliance Brands has completed acquisition of 100 per cent stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in United Kingdom for cash consideration of GBP 67.96 million, Reliance Industries said in a BSE filing Thursday.




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AR educational toymaker PlayShifu lands $7M funding led by Chiratae, Inventus & Bharat Innovation Fund

The startup plans to use the funds raised to focus on building unique phygital interactions, new product developments and expand its retail presence from 15 countries to more than 30 countries




world news

World's top toymaker joins companies leaving China's factories

The world’s largest publicly traded toymaker, which has licenses for popular franchises such as “Frozen” and the “Avengers,” said US goods produced in China could drop to about 50% by the end of 2020, from just under two-thirds currently.




world news

Reliance opens 100th Hamleys store in India

Hamleys entered Indian in 2010 with its first store at High Street Phoenix Mumbai and is currently the largest toy retailer in India with 100 stores in 36 cities.




world news

Iconic toy maker Lego in talks with the Indian government to prioritise play

Rohan Mathur, senior regional sales manager - South Asia for The Lego Group spoke to ET about the toy industry, company’s India plans and its recent event in Delhi engaging the Indian government to prioritise play.