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.

A shopping mall in LA called 'The Grove and Beverly Center' has added more hand sanitizing stations, while Glossier, a cosmetic store, is closing all stores: "We are ready to put public health before our results.".

The funding includes the sale of shares by some existing investors and employees of Nykaa, which has been done at a discount to the $1.2-billion valuation. The latest round comes about a year after the company raised $15 million from TPG Growth, which had valued it at $724 million.

The company said its plant at Sanand in Gujarat which originally manufactures skincare products for the India market has begun production of alcohol-based hand sanitisers, and it will be shifting part of its production towards the making of sanitisers at the plant.

L'Oreal India's operations team will donate hand sanitisers to public health institutions, police forces and NGOs, who are at the forefront of the fight against the virus, said a statement.

The products are made from certified organic ingredients grown in the company’s 40 hectare farmland near Sanand, Ahmedabad, claimed Aditi Vyas, founder and director.

The company, celebrating its 50th anniversary, has lined up a string of new products for the future.

Since hand sanitisers have been declared as essential commodity under the Essential Commodities Act, action can be taken against dealers involved in hoarding and black-marketing of the product. The retailer/ manufacturer/ trader overcharging a consumer can be prosecuted under the Legal Metrology Act, 2009, and Packaged Commodities Rules, 2011, the government said in a statement.

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.

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.

"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.

“Now we want distilleries that have their own bottling plants to add a new product line - sanitisers - to their line up of alcoholic beverages. This will put off pressure from hand sanitiser industry which is facing huge challenge to meet the demand,” said a senior food ministry official.

The industry will also meet drug controllers to seek and fast-track issuance of required licences and nods. Ethyl alcohol, a key raw material used in a distillery, is also a key ingredient for hand sanitisers. This move comes as the centre has requested state governments to rope in distilleries to make hand sanitisers for the shutdown period till March 31 due to the pandemic.

Sanitisers, available in two sizes 50 ml and 500 ml, are marked at a price of Rs. 25 and Rs. 250 respectively, the company said. In addition to pharmacies, general stores, and VLCC wellness centers, customers can also buy VLCC hand sanitisers from e-commerce platforms such as Amazon, Flipkart, Snapdeal and Nykaa.

“The export of all ventilators including any artificial respiratory apparatus or oxygen therapy apparatus or any other breathing appliance/devices... is prohibited with immediate effect,” the the Directorate General of Foreign Trade (DGFT) said in a notification.

“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.

"The total sanitiser licenses issued in the state is 48 and production ramped up to 50,000 litres per day," Additional Chief Secretary, Information, Awanish Awasthi, told reporters.

Kylie and Kris Jenner have teamed up with cosmetics company Coty to mass produce the hand sanitisers.

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.

While most brick-and-mortar pharmacies continue to function amid the countrywide lockdown to contain the pandemic, many consumers have switched to buying medicines online for fear of getting infected by the novel coronavirus, industry insiders said.

The Mysuru-headquartered brand is using its fragrance stock to make ayurvedic hand sanitisers ever since its product portfolio comprising incense sticks, prayer and wellness products came under the non-essential category.

SJM national co-convenor Ashwani Mahajan tweeted on this issue, tagging Prime Minister Narendra Modi, to flag his concern. . Mahajan had shared screenshots that said Aarogya Setu now brings to you online medical consultations (call and video), home lab tests and e-pharmacy.

The startup, backed by Ratan Tata's investment platform RNT Capital, confirmed his appointment.

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

Researchers at Harvard University in the US created a highly sensitive soft capacitive sensor made of silicone and fabric that moves and flexes with the human body to unobtrusively and accurately detect movement.

The value of the market in India is Rs 4,579 crore at present.

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

The company is looking at a revenue run rate of about USD 50 million by December 2018, from USD 10 million currently. Revenue run rate is a term used to indicate total sales value of merchandise sold through the marketplace over a certain period of time.

The startup plans to raise more going forward to fund its capital expenditure (capex).

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.

Bansal said the startup has so far raised around $160 million and only less than 20% of the funds were utilised so far and the balance funds will be spent over the next few years towards developing fitness devices and technology platform, apart from expanding the footprint.

Selling sportswear online will open up an additional revenue stream for Curefit, which currently offers four products such as gyms under Cultfit, yoga and meditation centres under Mindfit, health food under Eatfit and primary care with Carefit.

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.

Care revised its rating on long-term securities to ‘B’ from ‘A+’.

As per the order, the gym is spread over nearly 103 locations across the country.

The deal would value the company at close to Rs 4,300 crore, a premium of about 15% to its previous round of funding which valued the company at over Rs 3,700 crore, according to filings from ministry of corporate affairs sources by TOI.

Eight years after acquiring US rival, Reebok, seems like German sports gear marketer - Adidas has put Reebok on the block.

Hero Cycles plans to set up a fully owned assembly plant in Poland to cater exclusively to Europe, with special emphasis on the UK and Germany.

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

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

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

Sports365 is also supported by icons as Yuvraj Singh, Deepika Pallikal and Bhupathi's wife Lara Dutta and is partnering with foreign sports brands as their exclusive partners in India.

It has been learnt that the Oregon-based sportswear firm has not renewed contracts with Indian cricketers such as Ajinkya Rahane, R Ashwin and Ravindra Jadeja.

A month after demonetisation, the industry is yet to recover from the shock. Sales have dipped drastically, and small businesses have had to shut down.

With 200% duty, Indian importers aren’t taking delivery of sports goods and other consignments.

Saraf and law firm Manilal Kher Ambalal for the NBFC said their client was the owner of the equipment and, for the default on the rent amount for their lease, the Tata company was entitled to repossess and sell them since otherwise they would get rusted.

PERHAPS we should wait until we have achieved the same level of containment of the virus as Germany before we think about restarting football (How German football intends to restart next week – and what the Scottish game can learn from their masterplan, Monday).

Jim Tees should check his facts before jumping in with both feet and looking foolish.

THE brainless idiot scumbags who did this must be caught as soon as and thrown in jail for a very long time (Popular West End restaurant trashed by vandals in overnight raid, Glasgow Times online).