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NVIDIA to expand gaming footprint in India, add 100 gaming cafes this year

There are nearly 100 such gaming cafes currently and less than 1000 non-exclusive cafes, said Vamsi Krishna, Head of Consumer Marketing, South Asia, NVIDIA.




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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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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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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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Stores play hide and seek with Ivanka’s products

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.




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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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Eyeing Rs 2k cr in revenue, Kurl-on says partnership with IKEA will prove beneficial

"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.




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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 & 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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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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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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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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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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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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Printing solutions co Printo buys rival Print Bazaar's parent firm

While the financial terms of the acquisition, which was completed last month, were not shared, sources privy to the developments said the deal valued Print Bazaar at Rs 8-10 crore.




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Iconic toy maker Lego in talks with the Indian government to prioritise play

Rohan Mathur, senior regional sales manager - South Asia for The Lego Group spoke to ET about the toy industry, company’s India plans and its recent event in Delhi engaging the Indian government to prioritise play.




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Hanung Toys promoter detained at airport following LOC issued by PNB

Hanung Toys and Textile Ltd owes Rs 2,300 crore from a consortium of 15 lenders led by state-owned PNB, which alone has exposure of Rs 599 crore.




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Louis Vuitton India net profit jumps over 24% in FY19

According to documents recently filed with the registrar of companies (RoC), accessed through business information platform Tofler, LVMH, known for its iconic monogrammed bags, clothing, perfumes and leather goods reported an increase in profit after tax by Rs 3.19 crore.




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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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Hermes India sees a 55% jump in profit, Dior still deep in the red

Hermes India had recorded a net profit of Rs 12.1 crore the year before. Revenue from operations rose 11% from the previous year’s Rs 98.8 crore on a standalone basis, according to its filings with the Registrar of Companies (RoC).




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Prada picks Bengaluru-based BigThinx for its fashion tech accelerator programme

BigThinx’s neural networks create a personalised 3D virtual avatar from 2D images for fashion brands and their customers.




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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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Four-flanked pressure for gold jewellery retailers

The revenue growth of organised gold jewellery retailers could halve to 5-6% (compound annual growth rate) in the current and next fiscals, compared with 12% in the preceding three fiscals, a CRISIL study of 44 such retailers it rates shows.




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Gold demand falls 36% in January-March due to volatile prices, economic uncertainties: WGC

According to the World Gold Council's (WGC) Q1 Gold Demand Trends report, in terms of value India's the first quarter gold demand fell 20 per cent to Rs 37,580 crore, compared to Rs 47,000 crore in the same period of 2019.




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Virus, high gold prices dent India’s Q1 jewellery demand by 41%: WGC

Jewellery demand in the world’s second largest consumer slumped 41% to 73.9 tonnes , thanks to a 25% jump in quarterly average price to Rs 36,874 per 10 gm (ex import duty and GST) and the fallout from Covid 19, the WGC latest global demand trends report shows.




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Garment exporters' body expresses inability to pay workers' pay for April, May

The body has appealed to Prime Minister Narendra Modi and state chief ministers to facilitate payement of wages to workers for these two months. GEMA president Vijay Jindal also sought intervention of Textile Minister Smriti Irani and Finance Minister Nirmala Sitharaman in the matter.




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Textile players to witness substantial fall in topline, operating profits: India Ratings

The continued lockdown in April 2020 (from late March) has impacted the entire textile industry and disrupted exports, Ind-Ra said in a report.




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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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J. Crew files for bankruptcy as preppy retailer succumbs to COVID-19 fallout

The New York-based chain, known for preppy clothing at times worn by former first lady Michelle Obama, filed for bankruptcy in a Virginia federal court with an agreement to eliminate its roughly $1.65 billion of debt in exchange for ceding ownership to creditors.




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Prince Harvey secretly recorded an entire album in Apple Store SoHo in four months

Rapper Prince Harvey, after his computer crashed and his external drive was stolen, managed to record an entire album in Apple Store SoHo in four months, befriending employees, hiding files and using USB sticks and mail. as support. Abbie Hoffman




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GoPro ancestors in the 1960s and 1970s

GoPro ancestors in the 1960s and 1970s, mainly sport and movie persons like F1 driver Jackie Stewart, Bob Sinclair and Steve McQueen.

 




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Provide level playing field to e-commerce companies in red zone: IAMAI

The Centre, in its revised guidelines on May 1, had allowed “standalone shops” to operate in the red zones, while it restricted operations of e-commerce companies to sale of essential items only.




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Grooming products flying off E-commerce shelves

Demand for razors, epilators, trimmers and hair colour soars on ecomm platforms during the lockdown




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Gillette Q1 profit zooms 63 pc to Rs 55 crore

Its total income from operation was up 7.59 per cent at Rs 419.29 crore during the quarter under review as against Rs 389.68 crore in the same period last fiscal.




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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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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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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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LA fashion and beauty retailers take steps to contain coronavirus spread

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.".




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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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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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Covid-19: After donating $1 million, Kylie Jenner teams up with cosmetics company to produce hand sanitisers

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




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Covid-19 Impact: Cycle Pure Agarbathies holds back prayer product launches to shift focus on hand sanitisers

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.