Lakmé Fashion Week plans to launch online couture showcase ‘Nexa Digital Couture’ with six designers featuring 3D renderings of couture garments which people will be able to try on virtually. The new initiative will feature designers Amit Aggarwal, Abraham Thakore, Payal Singhal, Huemn, Kanika Goyal, and Ridhi Mehra. The futuristic concept will be the next step in consumer dressing and purchase, Jaspreet Chandok, Head-Lifestyle Business, IMG Reliance

The initiative will showcase designs by the participating brands online as 3D renderings which people will be able to zoom in to view fine details and try on virtually. The pieces will be presented on a model avatar and will also be available for online purchase.

The first ever digital editon Lakmé Fashion Week in Autumn featured an array of fashion films and online showcases. The biannual event was scheduled to host its upcoming edition in Spring but, the unpredictable nature of the pandemic has left the form of the event undecided.

Tata CLiQ Luxury has appointedAlmona Bhatia as Chief Strategy Officer. As per exchange4media reports, Bhatia has a rich and diverse experience spanning over 25 years that will help her drive strategy, growth initiatives, and contribute towards building a globally benchmarked online luxury brand at Tata CLiQ Luxury.

In her last stint with India’s leading men’s luxury magazine, GQ India as the Publisher, she worked in print, digital, video content and events with many of the world’s biggest brands. She was also a founding member of GQ, Conde Nast where she helmed leadership roles in the luxury and lifestyle publishing space for 12 years.

Beginning her career at Bennett Coleman, Almona has held several leadership roles and lent creative and cultural context and expertise in organisations such as Conde Nast, Elle, and a wide variety of other media organisations throughout the years.

Despite most of its business units in India registering losses during the fiscal, Amazon invested over Rs 11,400 crore across its marketplace, payments and wholesale business units during FY2019-20. As per reports, the losses of Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services widened to Rs 7,899 crore in FY20 as against a loss of Rs 7,014.5 crore in the preceding fiscal. Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services had registered losses in FY20 at Rs 5,849.2 crore, Rs 133.2 crore, Rs 1,868.5 crore and Rs 48.1 crore, respectively.

Amazon Internet Services, which had clocked a net profit of Rs 71.1 crore in FY19, registered a loss of Rs 20 lakh in FY20. The e-commerce giant, which has been investing millions of dollars towards promotions, building infrastructure and logistics as it woos customers to shop online, has seen its losses mount on account of higher expenses.

Filings showed that Amazon Pay's total expenses grew 62 per cent to Rs 3,234.8 crore in FY20, while Amazon Seller Services saw its total expenses rising over 25 per cent to Rs 16,877.1 crore in the said period.

Currently offering fashion products to retailers in 23 cities, the Flipkart Wholesale app witnessed 75 per cent month-on-month growth in customer base since its launch in September. There is an increase in the number of small town retailers opting for e-commerce with one in every five customers on Flipkart Wholesale coming from Tier II or III cities.

Since its launch, Flipkart Wholesale’s monthly transactions have grown 90 per cent reflecting kiranas' trust in the Flipkart Group . The app has consistently worked towards creating an ecosystem that serves kiranas' growing needs and helps Indian MSMEs access the pan-India market more effectively. The wholesale app currently offers fashion products -- clothing, footwear and accessories -- to retailers across India. It has just launched the grocery category in NCR on its platform. Made especially for business owners and retailers, the easy-to-use platform offers a wide range of fashion products across categories like men’s wear, women’s wear, footwear, and kids’ wear.

India Fashion Awards plans to hold its second season on February 20, 2021.

The awards recognize individuals who have contributed to the fashion industry with their creativity and innovative ideas under categories like as Emerging Fashion Designer of the Year, Trendsetter of the Year, New Age Model of the year.

As per Sanjay Nigam, Founder, the initiative aims to commercialize the creativity of the unsung heores of fashion and eventually recognize them on a global platform. It further aims to support local fashion and individuals who have made significant contributions to the industry and highlight them in global market.

The jury and the advisory board of India Fashion Awards includes names like Member Of Parliament Maneka Gandhi, Chairman RJ Corp Ravi Jaipuria, Social Activist VagishPathak, Ace Fashion Designers Rocky S &Leena Singh, Show Director Lubna Adam, Indian Supermodel Lakshmi Rana, Bollywood Actor Rahul Dev, Fashion Photographer Hemant J Khandelwal, Actor Rajneesh Duggal and VarunRana.

Organizers in Surat, Ludhiana, Mumbai and Greater Noida are set to organize physical shows across India. As per an Apparel Resources report, Southern Gujarat Chamber of Commerce and Industry (SGCCI) has announced the 5th edition of ‘Surat International Textile Expo- SITEX-2021’ from January 9 to 11 2021 at Surat.

The event will focus on all sub-segments of the textile sector like machinery, accessories, yarn and fabrics. Spread over approximately 10,500 sq m, the event will feature over 100 exhibitors and international visitors from Vietnam, Bangladesh and Sri Lanka. Ashish Gujarati, Vice President, SGGCI says, the event will fully comply to the guidelines issued by the State & Central Government and will not allow spot registration of visitors during the exhibition.

Likewise, Garments Machinery Manufacturers & Suppliers Association will organize the 6th edition of its GMMSA Expo from February 26 to March 01 in Ludhiana. Gartex Texprocess India will also organize its show in Mumbai from March 18 to 20, 2022. Similarly, EPCH will hold the 51st Edition of IHGF–Delhi Fair Spring’ 2021 from March 13 to 17 2021 at Greater Noida.

Titan's ethnic-wear brand Taneira has forayed into the ready-to-wear category with the launch of Eira, A collection of stitched Kurta sets for the progressive Indian women.

The handcrafted kurta sets will be available in Linens, Tussars and soft Silk Ikats. They can be teamed up with farzi pants & straight-cut pants along with contrasting dupattas. This entire collection is designed in a festive colour palate comprising of fuschia, tangerine, raspberry wine, charcoal grey, peach, musturd yellow amongst others. Delicate metallic detailing adds further grace to the outfits.

Handcrafted using pure and authentic fabrics, the collection boosts of multi-functional outfits that caters to various moods throughout the day. Eira: presents a unique melange of rich weaves, festive tones & eclectic silhouettes to suit the contemporary styles of the modern Indian woman in the ready-to-wear category. We hope this collection will receive a warm welcome by our discerning customers. In the first phase, we are introducing over 1000 designs and look forward to coming up with new inspirations and designs throughout the year.

Reliance Industries (RIL) share prices rose 1.01 per cent to Rs 2014.05 after the company announced plans to acquire 50 per cent shares held by IMG Singapore in IMG-Reliance, for a cash consideration not exceeding Rs 52.08 crore. As per a Business Standard report, Reliance entered into definitive agreements to acquire the shares held by IMG Singapore in IMG-R, for a cash consideration not exceeding Rs 52.08 crore. This acquisition will make IMG-R a wholly-owned subsidiary of the company and will be rebranded by the company. IMG Reliance (IMG-R) is a joint venture between IMG Worldwide LLC (IMG) and Reliance Industries.

IMG-R is engaged in the business of creation, management, implementation and commercialization of sporting, fashion and entertainment events in India. The company recorded a turnover of Rs 181.70 crore and a net profit of Rs 16.35 crore in FY2020.

RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services.