Inverter makers are seeing a jump in sales in northern India as the region reels under an intense heat wave and frequent power outages.
Xiaomi has hired Jabong co-founder Manu Kumar Jain to head its India operations, according to sources familiar with the development.
Seasonal goods have been flying off the shelves over the past week or so, estimating the uptick at 10-15% and attributing it to the severe heat wave in this part of the country.
Gap will join global fashion apparel brands such as Zara, Mango and Marks & Spencer, among others, that already have presence in India.
Gap has almost sealed the deal with Ahmedabad-based textile conglomerate Arvind Ltd to open its branded stores in India, according to a source.
E-commerce cos are looking to get regular supplies from established manufacturers, for whom it is good news, as growth has been sluggish over the past few years.
Pastels, gentle and feminine, are everywhere — in fashion shows, magazines, clubs, pubs and fashion outlets online and offline, report ET.
Commerce minister Nirmala Sitharaman had said the government won’t allow FDI in the sector as it would hurt small traders and farmers.
Wal-Mart is extending its presence in the wholesale business in India to the virtual marketplace by launching a B2B e-commerce platform.
The world’s No. 2 retailer has been sounding out potential buyers for its India assets in recent weeks and has hawked its business to various local retailers.
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