It’s difficult to make most of those products in India due to various reasons including economies of scale, non-availability of the required technology or raw materials, they said.
Higher customs rates to make imported phones, LED panels, beauty care products and other items costlier. Setback for firms already facing poor demand as consumers hold back discretionary spending.
Three senior industry execs said fashion & lifestyle brands and retailers reported 10-12% drop in sales in the same period with the ongoing discount failing to lift the mood.
“It is a case of trademark infringement as well as disparagement of Dabur Amla,” said a person aware of the case. The court issued a notice to Marico and scheduled the next hearing for February 7, the person said.
The court in July 2017 had passed an ex parte injunction against Tata Motors prompting the automobile giant to approach the court for remedy.
Karamveer is a former partner of Ramdev, having cofounded Divya Yog Mandir Trust along with Ramdev and Acharya Balkrishna.
The interim judgement came after city-based appliances manufacturer Marc Enterprises alleged that Flipkart’s brand was similar to its own and in violation of its trademark registered in 1984.
The online firm plans to open 2,000-3,000 LimeRoad stores across the country in the next 2-3 years, and these will be run by sellers.
Mothercare is the latest brand after Mango, Forever 21and Sephora among other global labels to change hands from DLF Brands.
French luxury major LVMH wants to back Ramdev's business, may pump half its Asia money into Patanjali
Patanjali has emerged as one of India’s biggest FMCG cos riding on ayurveda. This has forced global and local rivals ramp up their ayurvedic portfolio.
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