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CBI has quizzed six officials of Bank of Baroda in connection bank fraud involving Rotomac case

The total outstanding amount, according to the agency, is approximately Rs 3695 crores. The agency had sealed the office and house of Vikram Kothari’s residence, in New Delhi.




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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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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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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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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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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




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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.




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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.




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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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Ossify invests Rs 225 crore to acquire manufacturing facility for producing Compaq TVs

The company plans to make investments of around Rs 210 crore on infrastructure development of the facility over the next four years.




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Sony cuts television prices up to 20% to spur demand during Covid-19

The company has cut prices anywhere from Rs 2,000 on the smaller screen televisions going up to Rs two lakh on a flagship 85-inch model apart from rolling out long tenure no-cost EMI schemes and bundling offers. It has launched a new 85-inch model at Rs 5.9 lakh bringing down its earlier pricing structure of Rs 10 lakh in this screen size.




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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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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.




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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.




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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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200% import duty hike to hit toy business in India: Importers

The Centre, in the Union budget presented by Finance Minister Nirmala Sitharaman, has proposed raising the import duty on toys from 20 per cent to 60 per cent from the next fiscal, saying that the step would support the MSMEs and promote local manufacturing.




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Luxury retailer The Collective plans expansion

It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”




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Raf Simons joining Prada in full creative collaboration

Prada, who has been the creative force behind one of luxury's most successful brands for 30 years, said the new partnership did not signal an eventual succession.




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Orders sink for Italy's luxury suppliers as virus spreads - sources

The 280 billion euros ($320 billion) per year global luxury goods sector, already reeling from months of protests in the shopping hub of Hong Kong, was dealt a hammer blow earlier this year by the coronavirus outbreak in mainland China.




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LVMH to make sanitising gel instead of perfumes, make-up at 3 factories in France, distribute it for free to hospitals

Twelve tons of the gel will be produced as soon as this week.




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Armani to make single use medical overalls at all its Italian factories

Giorgio Armani has donated 2 million euros in recent weeks to hospitals around Italy.




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Burberry to maintain employee pay through coronavirus crisis

While many UK companies have utilised the government's furlough scheme, which sees employees paid 80% of their salary, Burberry said it would not rely on government support for jobs in the UK where more than a third of its workers are based.




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Diamond polishing industry staring at a decade low revenue : Crisil

Assuming the pandemic starts subsiding by June and trade channels normalise over the next quarter, CRISIL expects a revival in demand to be pushed into the second half of the fiscal.




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When no one wants the ‘summer collection’, fashion retailers design masks, WFH lines to survive Covid crisis

It is a tough time for apparel retailers who are looking at zero offline revenues and a steep drop in online sales. The latest dress or the pair of khakis may not be able to save them.




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Rising demand for PPE products provides huge opportunity for domestic exporters: AEPC

The council had recently organised a webinar on 'Manufacturing of PPE Products under Medical Textiles', which saw about 2,000 participants, mainly apparel exporters from across the country.




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Harsh Noise Wally, sophisticated mashup of comic strip and noise music

Harsh Noise Wally, is a sophisticated mashup mixing strips of Wally, the lazy and cynic colleague of Dilbert with some epic noise music extreme attitudes. Well conceived and assembled.

 




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Mechanical Techno, machine music declinations

The value of craft after software sounds rampant sometimes, expressing the freedom of escaping repetitive taps and clicks to accomplish some assumed tasks. Mixing media, electricity, electronics, mechanics and inert objects Graham Dunning has realised a structured track/performance/open script in




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Kidswear brand Toonz Retail looks at Gulf for international expansion

Omni-channel kids wear retailer Toonz Retail India has announced a partnership with Tariq Albassami Group for entering the Gulf Cooperation Council region.




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Toonz Retail sets to start 10 new stores, considering 5 cr investments

Toonz is also launching new collection of its home brand Wowmom, Superyoung and Superyoung Celebration.




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Sistema forms joint venture to bring Russian kids' brand Concept Group to India

Concept Group, one of Russia’s leading fashion retailers, creates collections and sells women’s clothing, accessories as well as children’s wear through its own retail stores.




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Covid-19 crisis has highlighted e-commerce importance,cooperation in cross-border goods, services movement: WTO

Highlighting that network capacity and higher bandwidth services have proved to be crucial, not only during the pandemic itself, but also for e-commerce and economic inclusion in general, it said in an information note: “What can WTO members do to improve communications networks and services?”




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VLCC to raise funds for expansion: Syed Safawi

The business is split in three verticals, services, products and skilling. The services which include slimming and diet planning is the oldest and most known.




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O2 Spa to invest USD 15 mn for biz expansion

O2 Spa is currently operating 60 centres across 17 cities in the country.




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Demonetisation: Old money can still buy you hairdos and spa sessions

Salon chains and wellness providers look to spur sales and attract new clients.




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O2 Spa acquires Zazen as part of its expansion drive

With this acquisition, a total of 18 outlets will become a part of O2 Spa and would be known as Zazen Spa from the house of O2 Spa.




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Twinkle Khanna to endorse salon hair brand L'Oreal Professionnel for India

The announcement was made at the L'Oreal Professionnel Indian Hairdressing Awards, held in Bambolim on Wednesday.




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VLCC ropes in Jayant Khosla, formerly with Landmark, as chief business officer ahead of IPO

Khosla’s mandate will be overseeing the firm’s wellness centres, personal care products and its institute of beauty and nutrition, across Middle East, Africa and CIS countries.




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Believe in the business to stay ahead of the curve: Falguni Nayar, Nykaa

"The journey actually began in June when we did well due to marketing, though we were actually not ready operationally."




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Fogg-maker launches Pretty 24 that debunks fairness proposition

There is no market for me today because every brand in the category has convinced the consumer that they need to look fair to be successful in life.




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Beauty & wellness business has market potential of Rs 80,000 crore in India: Skills development minister

“India would need more than 70 lakh skilled manpower in coming months in this sector due to unleashing of economy,” Mahendra Nath Pandey said.




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Covid-19: Govt eases permissions to ramp up hand sanitiser production

“About 45 distilleries and 564 other manufacturers have been granted permission to produce hand sanitisers. More than 55 distilleries are likely to be given permission in one or two days and many more are being motivated to produce sanitisers in this scenario,” consumer affairs ministry said in a release.




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‘Talwalkars to be Snap Fitness franchisees in 6 Asian countries outside India’

The affordable gyms under Talwalkar-Snap Fitness tieup to open first in Singapore and Malaysia.




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Anytime fitness to invest Rs 10 cr for expansion

Anytime Fitness further eyes expansion in Tier II and III market.




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VLCC to organise campaign against obesity

To mark the occasion of Anti Obesity Day on November 26, the company would provide DNA scan to individuals at its centres countrywide and also educate them on issues leading to the problem such as weight gain, exercise and food habits etc.




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Fitness fad boosts desi athleisure business

Some see it as fashion that is effortless and comfortable. While gym or performance wear is made mainly of polyester to ensure it dries quickly, athleisure wear is a combination of polyester and cotton.




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Ceat signs Rohit Sharma for bat endorsement deal

The cricketer will now be seen playing with a bat prominently displaying Ceat in all formats of the game, Ceat said in a statement.