By Reuters Published August 5, 2025 India has sharply criticised the US and the European Union, saying it is being unfairly singled out by them over its Russian oil purchases when they both trade extensively with Moscow despite the war in Ukraine. Along with oil, India also traditionally imports diamonds from Russia for its jewellery…
By Reuters Published July 24, 2025 India’s financial crime agency said on Wednesday an investigation had found that Walmart’s fashion business Myntra Designs breached laws prohibiting foreign wholesalers from selling to consumers. Archivo The case comes amid growing scrutiny of e-commerce players in India. An antitrust investigation last year found Amazon and Walmart’s other e-commerce platform, Flipkart, favoured…
Manish Malhotra, a prominent name in the Indian fashion industry, recently completed 35 years working as a costume designer, stylist and fashion designer. He founded his eponymous fashion label in 2005, which includes couture, bridal wear, and diffusion lines. Since then, the designer has diversified into various verticals, including jewellery, beauty and film production. FashionNetwork.com…
By Reuters Published May 9, 2025 In a garment hub in south India, R.K. Sivasubramaniam is fielding requests from Walmart and Costco who want to sidestep higher U.S. tariffs faced by rival Asian suppliers, Bangladesh and China. But rows of idle sewing lines at his factory lay bare his biggest challenge. Archivo “Even if orders…
Mothercare issued a fairly downbeat full-year update on Thursday with the parent-and child retailer saying the 52 weeks to 29 March saw falling sales. Mothercare UK The comparison period was a 53-week one with unaudited worldwide retail sales by franchise partners of £231 million for the latest year, a decline of 18%. In constant currency…
By AFP Published May 7, 2025 Sotheby’s in Hong Kong postponed an auction of gems with ties to early Buddhism on Wednesday after opposition from India, which said the jewels were the country’s religious and cultural heritage. AFP The Piprahwa gems, which the auction house said dated back to around 200 BC and were unearthed…