Lender seizes 300 cars after payment defaults by drivers which reflect lower earnings by drivers amid a surge in cab numbers.
Actoserba Active Wholesale, which owns Zivame, has applied to DIPP for expansion of its existing facilities and conversion of wholesale to retail operations.
A couple of Japanese companies already sell their fashion products in India, a country with a burgeoning and increasingly urbanised and prosperous middle class.
Hardly a day has gone by when one or the other brand was not on sale since the noteswap exercise announced in November, retail experts said.
“This year we got 25% extra money from the Flipkart board,” said Ananth Narayanan, chief executive of Myntra that was acquired by Flipkart for $300 million in 2014.
Temasek's Vertex led the round with CapitaLand's C31 as co-investor
Jaipur-based Samarth operates more than 100 outlets of Benetton, Hilfiger, Lee, Wrangler, Calvin Klein etc while New Delhi-based G&B operates 25 outlets of Benetton in NCR.
Sales of luxury sunglasses grew 30% to about Rs 3,800 crore in 2016, its fastest pace ever, as affluent consumers continued to perceive it as an important fashion accessory.
Sources said that the New York-based fashion house Ralph Lauren is looking to sign two different dealers for its products in India.
"What we need to figure out is how do we create a level-playing field. How do we ensure news or restaurant apps don't get prematurely killed by a company coming from China," he said.
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