20 December 2021, Mumbai:

Esprit, the American watch brand, has appointed Bollywood actor Ananya Panday as its celebrity brand ambassador.

Esprit's India partner AP Group looks to pursue an aggressive expansion plan for Esprit watches in India and the "brand is eyeing to regain the market share in the watch category, the company said.

Marco Sirber, founder and chief executive officer, Time Management Services (TMS), the official licensee of Esprit Watches, said, "The Indian market is very important to us as we do see that customers are always looking for new designs and trends.

We are ready to bedazzle Indian customers with a specially crafted range of watches just for them. Pandey being a youth irem is the right choice to bring on board to re-create the connection of Esprit with Indian youth".

BRAND EQUITY ET (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

Telangana Industries Minister KT Rama Rao on Sunday urged the Centre to withdraw its proposed plan to increase GST rates from 5 per cent to 12 per cent on garments and fabrics from January 1, 2022 In a letter to Union Textiles Minister Piyush Goyal, Rama Rap said for the past two years, the handiooms sector has been going through a difficult phase due to coronavirus pandemic, an official release said here.

"At this juncture, revising the GST (rates) from the current 5 per cent to 12 per. cent would serve a death blow to the industry," said Rama Rao. After the agriculture sector, textiles and handlooms sector provide the highest employment in the country.

Considering the current scenario, the need of the hour. was to extend additional advantages and incentives to the sector, he said adding the decision to increase GST rates on textiles and handlooms is not wise.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

The Khadi and Village Industries Commission (KVIC) received a fresh order for 77,600 Khadi cotton durries worth INR 3.95 crore from Central Industrial Security Force (CISF).

With this, the total requirement of Khadi cotton durries from paramilitary forces has gone up to 2,68,458 worth INR 13.60 crore, against which KVIC has made the first supply of 1000 durries on 12th December 2021 which has been approved by the forces, said the press release. The balance quantity will be supplied in the lot of 5000 pieces every 10 days.

The development comes in wake of the MoU signed between KVIC and ITBP on 6th January this year for procuring Khadi cotton durries for the paramilitary forces. Earlier, an order was placed for purchasing 1,90,858 durries worth INR 9.65 crore.

As per the specifications, KVIC will supply blue-colour durries of 1.98-meter length and 1.07-meter width. The cotton durries will be produced by Khadi Institutions of Uttar Pradesh, Haryana and Punjab. Of the total order of 2,68,458 durries, 1,20,300 durries will be supplied to CISF; 59,445 durries to BSF; 51,000 durries to ITBP and remaining 37,713 durries will be supplied to SSB.

The Swadeshi drive in paramilitary forces has begun on the instructions of Home Minister Amit Shah to encourage local products to support the “Aatmanirbhar Bharat Abhiyan”.

KVIC Chairman Vinai Kumar Saxena said the repeat order for Khadi cotton durries is a testimony of the excellent quality of Khadi products which is the hallmark of Khadi.

“These bulk orders for Khadi products will not only encourage the use of Swadeshi products in our forces but also create large-scale additional employment for Khadi artisans. KVIC will ensure that the entire quantity of durries is timely delivered to our jawans while maintaining the highest quality standards,” Saxena said.

KVIC has developed the cotton durries as per the samples provided by ITBP and the same has been approved by the agency.

The cotton durries prepared by KVIC have also been certified by Northern India Textile Research Association (NITRA), a unit of the Textile Ministry recognized by the department of Scientific and Industrial Research for testing the quality parameters.

KNN India (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

20 December 2021, Mumbai:

Designer Kunal Rawal has entered the premium kidswear segment with the launch of his new kidswear collection ‘Boyhood’. The collection has been designed for boys aged 4-16 years and features the brand’s signature silhouettes coupled with thread work techniques emphasising comfort and functionality.

The collection features traditional, as well as fusion looks that include bandhgalas, dhotis, koti jackets, shawls, kurtas, jackets, and sweatshirts. The collection has been launched with a campaign featuring Zreh & Zane Adajania, Zephyr Panthaky, Nidheesh, Vansh Premnarayen, Aushim Sagar, and Kabir Kulchandani.

Commenting on the new collection, Kunal Rawal in a statement said, “While the market is saturated with kids wear pieces, what was truly needed was an amalgamation of modern and intricate designs which also offer an ultimate sense of comfort. I have been lucky to meet a lot of cool kids who have also inspired me to create distinctive pieces like these and do justice to them.”

The Boyhood collection will be available at the designer’s stores and website.

FASHION NETWORK (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

The mother-daughter duo have united to create ‘MoonRay’, a sustainable offering that champions craft and conscious fashion in equal measure.

As the co-founder of luxury bridal label JADE by Monica & Karishma and creative director of House of Chanakya, an embroidery house that has serviced the likes of Dior and Ferragamo, Karishma Swali is not new to the fashion landscape in India. What is new, however, is a designer coming together with her teenage daughter to leverage fashion as an agent for change. The result is MoonRay, a sustainable label founded by Karishma and her daughter Avantika, that offers a lesson in masterful minimalism.

Consider the lineup as a streamlined template of the joys to be found in dressing up again: versatile separates, fitted silhouettes with round-the-clock appeal and 22-karat gold-plated treats that you wouldn’t mind finding under the tree this year.

A closer look at the debut collection of MoonRay

“MoonRay combines a mother-daughter duo’s love for design with their passion for inclusion. We have co-created a conscious fashion brand that tells the story of young artists everywhere through innovation, compassion and craft,” says Swali. So, why the name MoonRay?

“Similar to how a moon ray shines gently through the darkness when the sun has retreated—giving our planet and all those who inhabit it new possibilities and fresh perspective—MoonRay is our expression for everyone to be their own ray of hope,” she explains.

VOGUE (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

20 December 2021, Mumbai:

Indian Sellers Collective (ISC) on Monday welcomed the Competition Commission of India's (CCI) order to suspend its approval for Amazon's deal with the Future Group signed in 2019, while seeking speedy resolution of pending cases against the multinational e-commerce platform and related parties.

ISC, which claims to be an umbrella body bringing together trade associations and representative bodies of Indian sellers across the country, said the CCI's reversal "validates the double standards being practiced by foreign retailers".

It exposed "how Amazon has been operating with double standards - posing as a transaction platform while acting as a retailer in reality with the intent to control the country's retail market, it urges regulators to expedite all other pending cases against the company and its related parties", ISC said in a statement.

ET (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

The Confederation of All India Traders (CAIT) on Sunday urged the Centre to take immediate action against e-commerce giant Amazon by asking it to suspend its e-commerce portal.

The traders' body's letter to the Centre comes just two days after the Competition Commission of India (CCI) imposed a penalty of Rs 202 crore on Amazon and suspended its approval for its deal with Future Coupons.

"Since this act (by Amazon) violates FEMA and FDI policy, the Enforcement Directorate has nothing more to do. The evidence is right before it in the form of CCI order, therefore the ED should take immediate action against Amazon," it said in the letter.

retail.economictimes (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

Weaving stories…

At House of Wandering Silk,textiles are not just textiles; they’re stories. That’s because our cloth is made by hand from beginning to end, bringing together the skills, traditions and cultures of artisanal communities from across Asia.

Each artisan, each place and each technique adds to this story,and we are their story tellers. Gandhi said it best: “there is no beauty in the finest cloth if it makes hunger & unhappiness.”

WanderingSilk (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts.

Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 percent expansion in the global merchandise trade volume in 2022.

Exporters believe that the outbound shipments would cross the USD 400 billion mark in this fiscal going by the current momentum and may reach USD 475 billion in 2022-23.

ET (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

Fashion e-commerce platform Myntra witnessed a 45 percent growth in site traffic on the inaugural day of the 15th edition of the ‘End of Reason Sale' (EORS) event.

Myntra also witnessed 40 percent growth in new users and claims that it sold 7 lakh items within the first three hours of the sale event.

Around 53 percent of the shoppers were from tier 2 and tier 3 cities, and beyond. Among the metros, Delhi led the way followed by Mumbai, Bangalore, Hyderabad, and Pune.

Commenting on the opening of EORS, Sharon Pais, chief business officer at Myntra in a statement said, “Day one of EORS-15 has been phenomenal. With 1.6 million shoppers so far and over 40 percent growth in new users shopping on Myntra over the previous winter edition, day 1 of EORS-15 has broadly exceeded our as well as our brand partners’ expectations.

“We are witnessing a marked preference among shoppers across the country, including in non-metro cities, to try out new brands, styles and personal care products with greater enthusiasm, coupled with an increase in basket size, and that gives us the confidence and encouragement to curate and offer more.

With Christmas and New Year-round the corner, we expect this shopping spree to continue till the end of the six-day event,” Pais added. Myntra 's six-day EORS event will end on December 23.

FASHION NETWORK (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

18 December 2021, Mumbai:

Anti-trust regulator has ruled the US company had suppressed information while seeking approval on an investment into an Indian retailer two years ago.

Amazon may take legal action against the Competition Commission of India’s (CCI) suspension of the US e-commerce giant’s 2019 deal with Future Retail (FRL). Its legal teams plan to file an appeal before the National Company Law Appellate Tribunal (NCLAT) and the Delhi High Court and may approach the Supreme Court, said people familiar with Amazon's strategy.

The CCI on Friday suspended Amazon’s 2019 deal with Future Retail (FRL), citing the company’s alleged deliberate design to suppress information about the scope and purpose of the deal.

Business Standard (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage