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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.




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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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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.




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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




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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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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.




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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.




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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.




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The mystery in your mattress

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




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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.




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Govt Notifies Three Schemes worth ₹48kcr for Electronic Makers

According to the notification, companies that make phones priced at ₹15,000 and above and which make a cumulative investment of ₹1,000 crore over four years, starting with ₹250 crore in the first year, will qualify for an incentive of 6% for the first two years, followed by 5% for the next two and 4% in the fifth year..




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Price hike by Chinese suppliers hits Indian companies

India imports 45% of completely built units of consumer durables from China and it also imports nearly 70% of the components for television, and other consumer durable products. The price increase by suppliers at a time when demand is drastically down has hit the sector hard, said the presentation by Ficci to the government.




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Consumer electronics industry sales may fall 50% in Q1 due to lockdown: Panasonic

Having suffered an unprecedented sales decline of 6-7 per cent in 2019-20, the industry will be up against challenges in both supply and demand sides due to the coronavirus pandemic, Panasonic India and South Asia President and CEO Manish Sharma said.




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Durables, electronic items to feature high on shoppers' list post lockdown: Croma

Products such as laptops, smartphones and printers have become crucial for those working from home, while household appliances like washing machines, ACs, TVs and vacuum cleaners are now more important than ever for households.




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Millions of mobile phones, thousands of appliances pile up for repairing amidst lockdown: Industry

There are another more than 30,000 microwave ovens, AC and washing machines which needs repair at a time when Indians are locked indoors and doing household chores themselves due to the lockdown.




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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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Covid-19 fear: Electronics brands Samsung, Apple let offline stores sell online

Samsung has created an ecommerce platform in partnership with Benow.in along with mobile phone retailers across the country that will allow them to sell and deliver smartphones. Offline stores are also being used to fulfil orders placed on Samsung’s e-store for television and appliances.




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Lockdown to have huge impact on heavy appliances sector: Godrej

"The heavy appliances industry will be impacted by a significant loss of up to 60 per cent in March and almost 100 per cent in April. These two months put together contribute close to 25 per cent of the annual revenue," Godrej Appliances Business Head and EVP Kamal Nandi told.




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Top smartphone and electronic brands postpone production plans till lockdown ends

Several brands took the decision since both offline and online market is closed leading to piling up of inventory in their warehouses, and several of their plants falling in red zones or in states where permission has not yet been given. Some states like Tamil Nadu, Telangana and Karnataka have also decided to not provide any relaxation to industries till the lockdown ends.




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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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Appliance, consumer electronics makers look at production resumption post lockdown

Companies like Panasonic India, Godrej Appliances, Dixon Technologies and Super Plastronics Pvt Ltd said with retail outlets shut there is no point to start production as there is existing unsold inventory of March at warehouses and dealers.




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Consumer durables Q4 earnings preview: Profits may fall up to 40% on erratic sales

Most consumer durables companies in India rely on imported components. Poor input supplies since January and later closure of factories, malls, shops and offices due to the lockdown hit consumer demand badly.




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Samsung Electronics expects Q2 profit fall as virus hits sales of smartphones, TVs

"Sales and profits of set products business, including smartphones and TVs, are expected to decline significantly as COVID-19 affects demand and leads to store and plant closures globally," Samsung said in a statement.




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Samsung, LG bet on pre-booking offers to woo customers amid extended lockdown

Both LG and Samsung have opened bookings for various products on their websites for limited periods and are offering gifts of up to Rs 10,000 on pre-bookings made during the lockdown period. LG has opened pre-bookings till May 15 and Samsung by May 8.




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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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Durables cos helplines, videos come to rescue

Brands including Godrej, Panasonic, Samsung are now extending video consultations and helplines to serve a fraction of the complaints that can be solved over guided videos or calls. The brands are reaching out to customers through social media or through remote assist helplines.




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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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Samsung donates Rs 2 crore to Tamil Nadu in fight against coronavirus

The company had recently contributed Rs 15 crore to PM CARES Fund.




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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.




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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.