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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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CBI files chargesheet in Rotomac case

The agency filed a chargesheet in the special court Lucknow dealing with Rs 456.63 crore loan of Bank of Baroda as the probe into remaining amount is continuing, officials said, adding that more chargesheets would be filed in the case




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ED attaches Rs 177 crore assets in Rotomac bank fraud case

It alleged that these assets were the "proceeds of crime" of the illegal act of money laundering.




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CBI courts takes cognizance of offences in Rotomac case

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




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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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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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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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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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Appliances, electronics industry seek nod from local authorities to restart production

​​Individually, each brand is seeking more clarity and approval on the guidelines. The guidelines say that we would have to open in a phased manner. All brands are gearing up to open up, wherever, it will be permitted," CEAMA President Kamal Nandi said.




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Samsung heir apologises over corruption scandal

Lee Jae-yong is vice-chairman of Samsung Electronics and was jailed for five years in 2017 for bribery, embezzlement and other offences in connection with the scandal that brought down South Korean president Park Geun-hye.




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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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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.




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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




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Reliance Brands to take Hamleys to US, Canada

Reliance Brands will take Hamleys toy stores to the US and Canada to capitalise on the vacuum created by liquidation of one the world’s largest toy store chain Toys R Us.




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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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Indian gold demand could hit 3-decade low as lockdown hits festivals, weddings

The drop in consumption by the world's second-biggest gold buyer could limit a rally in global prices.




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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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Covid-19 Impact: Stylish face mask is the new focal accessory of India’s top fashion brands

Several apparel makers and fast-moving consumer goods companies had earlier stepped up to produce medical-grade masks as a philanthropic act when Covid-19 struck but now it is apparent that the pandemic is set to alter lifestyles for at least some time to come.




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A huge eye-shaped screen scanning people in front of Birmingham railway station

Minority Report comes closer… Three huge screens at Birmingham New Street railway station are scanning passers-by and play advertisements accordingly. http://www.birminghammail.co.uk/news/midlands-news/new-street-station-advertising-screens-9920400

 




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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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Mahindra Retail to bring US brand Carter's to BabyOye chain

"We are moving more towards omni-channel, and the drive is well underway. Within the next year we will complete the transition," he added.




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SoftBank commits $400 million for babycare co FirstCry

The company, one of the largest in its space, sells just about everything a child and a new mother needs - apparel, footwear, toys, books, feeding & nursing products, soaps, oils, powders, baby monitors, strollers and baby bedding.




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E-commerce companies twisting new MHA rules: CAIT

Offline traders' body CAIT has argued that e-commerce companies are misinterpreting MHA's new lockdown guidelines and "twisting (them) in their favour to misguide the various state governments and authorities and to create unnecessary confusion." The government has extended lockdown till May 17. It, however, gave some relaxations for business activities and people's movement within areas with limited or no COVID-19 cases.




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E-commerce may take time to steady cart

Until late Sunday, only a handful of states including UP, Maharashtra, Rajasthan, Karnataka, Tamil Nadu, Gujarat, Odisha, Delhi and Uttarakhand issued notifications on the lines of MHA’s Friday order.




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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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VLCC acquires nutraceutical maker Wellscience

LCC is now further extending its presence in the high-growth Fast Moving Healthcare Goods (FMHG) segment, with its foray into the nutraceuticals and cosmeceuticals segment.




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CADD Centre takes over Naturals day-to-day ops

With 600 Naturals outlets, Groom India today owns the country’s largest beauty and wellness chain.




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Men's skincare category is growing at a faster pace: Naveen Anand, Oriflame

These products are manufactured in Europe. So this is an imported range which we are bringing in India. But once we build up the volume, then we may further decide on manufacturing it locally.




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How Nykaa has changed the way beauty products are added to the cart in India

It was a trend investment banker Falguni Nayar was betting on when set up Nykaa to sell everything in the cosmetic and wellness category. Today she has around 750 professionals across different divisions.




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Personal care startup MCaffeine raises $500,000 in pre-Series A round

The latest round of funding was led by the startup’s existing backer Harminder Sahni, founder of consultancy firm Wazir Advisors, Lets Ventures’ Mohit Bajaj and Calcutta Angels.




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Molton Brown plans to enter India's hospitality sector next fiscal

The company, which plans to open 15 stores across India over the next five years, at present has one store in India. It entered India in June this year.




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Steadview Capital invests Rs 67 crore more in Nykaa

The capital infusion comes at a time when risk capital investment activity has almost ground to a halt because of the spread of the Covid-19 pandemic, which, in turn, has forced vertical ecommerce companies such as Nykaa to conserve cash, given the steep plunge in discretionary spending by consumers.




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Prices of alcohols used in making hand sanitizers capped under Essential Commodities Act

The decision would empower the central government and states/union territories to regulate prices, production, sale, distribution, transport, movement, storage, information of alcohols used in manufacturing hand sanitizers, used as preventive measure to avoid infection from COVID-19, Ministry of Consumer Affairs said in a statement.




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Masks, sanitisers can be sold at fair price shops: Delhi food minister

Officials are already taking necessary action against black-marketers and hoarders as per law under the provisions of the Essential Commodities Act. The minister said the practice of social distancing must be followed while distributing ration among beneficiaries, who should be asked to maintain a distance of at least one metre between them.




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Govt caps maximum retail price of 200ml hand sanitizer at Rs 100 till June

"The price cap has been imposed taking into account the sharp increase in prices of raw materials used in making of face masks and hand santizer," Paswan said.




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Hand sanitizers vanish the shelf again, 50% couldn't find it: LocalCircles survey

“50% of those surveyed said they were not able to buy at all due to no availability while 26% said they had to buy an unknown brand as reputed brands were out of stock. 8% said they were able to buy reputed sanitizers at a general retail store and 15% said they were able to buy reputed brand sanitizers at a chemist,” LocalCircle survey said.




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E-pharma finds going tough as it runs at 50-70% capacity

Although warehouses are open and delivery staff moving freely, they are operating at suboptimal capacity. Since there is increased consumer demand, there is scarcity of medicines ordered online.




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How Under Armour can kick back at Adidas’ shoe game

Adidas’s resurgence couldn’t have come at a worse time for Under Armour, which was just gaining a foothold in the sneaker business in US.




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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 startup Curefit adds Rs 4.2 crore in cart

It secured Rs 4.18 crore in a funding round with participation from Flipkart cofounder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan, according to data-intelligence platform Paper.vc.




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YouWeCan picks up 10-15% in sports startup for children

Yuvraj Singh’s fund YouWeCan Ventures has made its ninth startup investment in just about six months, picking up a minority stake in SportyBeans.




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India is a very important strategic market for Callaway: Oliver Chip Brewer

We have more than 25% market share in the Indian golf market, which is pegged at around $11 million.




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Yuvraj Singh promoted YouWeCan invests in brand licensing company Black White Orange

Cricketer Yuvraj Singh promoted investment fund YouWeCan Ventures has invested in Mumbai-based brand licensing start-up Black White Orange Brands for an undisclosed amount.




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Decathlon overtakes Adidas, Nike in sports gear retailing

With 70 large, warehouse-like stores, Decathlon's product pricing is about 30-40% lower than competing products.




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Letters: Castlemilk deserves a shopping centre fit for 21st century

AS someone who has lived in Castlemilk for many years and indeed written to the Glasgow Evening Times (in the past) outlining the very lack of decent shops here, I truly hope that Stefan King’s G1 Group (which has taken over the Braes shopping centre) is committed to its regeneration.




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Letters: Fury over 'scandal' of dumped coronavirus masks and gloves

IT’S a scandal! (South Side residents rage as dirty masks and gloves dumped in street, Glasgow Times online).




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Coronavirus FAQs: Do Temperature Screenings Help? Can Mosquitoes Spread It?

This is part of a series looking at pressing coronavirus questions of the week. We'd like to hear what you're curious about. Email us at goatsandsoda@npr.org with the subject line: "Weekly Coronavirus Questions." More than 76,000 people in the U.S. have died because of COVID-19, and there have been 1.27 million confirmed cases across the country — and nearly 4 million worldwide. Though the virus continues to spread and sicken people, some states and countries are starting to reopen businesses and lift stay-at-home requirements. This week, we look at some of your questions as summer nears and restrictions are eased. Is it safe to swim in pools or lakes? Does the virus spread through the water? People are asking whether they should be concerned about being exposed to the coronavirus while swimming. Experts say water needn't be a cause for concern. The CDC says there is no evidence the virus that causes COVID-19 can be spread to people through the water in pools, hot tubs, spas or water




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Chief Medical Officer's Handling Of Coronavirus Inspires Alaskans To #ThinkLikeZink

As the COVID-19 pandemic began to pick up in Alaska, Dr. Anne Zink, the state's chief medical officer, faced a difficult choice. Should she continue in-person meetings and nightly briefings with Republican Gov. Mike Dunleavy? Or should she opt for a more socially distant form of engagement? Zink chose the latter, saying she wanted to model the behavior that she has been appealing to residents to follow. She now appears at Dunleavy's briefings by video. And over the past two months, she has become a trusted voice as she urges Alaskans to follow the strict social distancing and other public health guidelines adopted by the state administration — which doctors groups have credited with keeping the state's COVID-19 numbers among the lowest in the country. Zink, who has a Facebook fan club and a #ThinkLikeZink hashtag , isn't the only public health official to acquire a cultlike following during the pandemic: Dr. Anthony Fauci, the federal infectious disease expert, has inspired a Saturday