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Barely a week before he was taken into CBI custody on charges of defaulting on bank loans to the tune of Rs 3,000 crore, Rotomac chairman Vikram Kothari was among the top 100 key invitees to the mega UP investor summit.

The Kanpur-based group is being probed by the CBI and the ED in connection with the alleged swindling of Rs 3,695 crore of loan funds.

Bank of India, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, Union Bank of India, and Bank of Maharashtra have jointly lent close to Rs 4,000 crore to the two Rotomac Group companies.

The court considered the facts and found that he was not entitled for interim bail on the said grounds.

Lamy products will be imported from Germany and will be sold at price-tag starting Rs 900 onwards.

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.

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

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

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

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

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

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

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

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

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

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.

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

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

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.

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.

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.

"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."

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.

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

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

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.

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.

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

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.

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

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

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.

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

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.

"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.

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.

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.

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

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

“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.

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..