Aditya Birla Fashion and Retail acquires Jaypore

NEW DELHI: Aditya Birla Fashion and Retail Ltd (ABFRL), which retails brands such as Louis Philippe, Peter England and Van Heusen, has acquired ethnic apparel and lifestyle retailer Jaypore for ₹110 crore, the company said in a filing to the stock exchange on Monday. The deal will help ABFRL that also retails men and women’s western wear to tap into the fast-growing ethnic apparel market. “Ethnic wear is the largest segment in the Indian fashion apparel market. While ABFRL has built a diversified portfolio of brands across different segments, ethnic wear space…

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Indian retail may grow to Rs 85 lakh crore by 2021: Report

Indian retail industry, growing at 10 per cent, may almost double to Rs 85 trillion (lakh crore) by 2021 steered by consumer data and technology disruptions, says a joint report by Ficci and Deloitte. According to the report, consumer data and technology disruptions will drive retail and FMCG sectors towards a new phase of growth where consumer experience will be the focal concern for all retailers and brands. “Consumer retail forms an integral part of the industry with current estimated size of more than Rs 45 trillion. It is further…

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Xiaomi Says It Does not Need Government Exemption for Beginning Retail Shops in India

Chinese telephone maker Xiaomi Thursday said it isn’t seeking exemption from Indian Authorities to fulfil the 30 percentage neighborhood sourcing norm, as it already makes 75 percent of devices locally that are sold in India. “We’re production seventy five percent of devices that we promote in India regionally. From that attitude, we do not Want any sort of exemption. Our application remains beneath the purview of the Authorities. We probably might be able to know approximately it in a while and then proportion greater information,” Xiaomi India Head Manu Kumar…

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LeEco Eyes FIBP acclaim for Retail shops in next 2-three Months

chinese language electronics firm LeEco is hopeful of having FIPB approval in two-three months to release its own shops inside the usa, a top reputable stated Tuesday. “We applied for it (permission) about three weeks back. we’ve got had one meeting with the government after that, which has been very fantastic. So, we are hopeful that inside the next two-three months, we need to get it,” LeEco India smart Electronics commercial enterprise leader running Officer Atul Jain instructed PTI in Mumbai. last month, the telephone maker had filed an application…

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DIPP Seeks more information From Xiaomi for release trendy Retail shops

The department today’s business coverage and promotion has sought more facts from the chinese cell tool maker Xiaomi to technique the software for beginning absolutely-owned single-emblem retail stores in India. “The DIPP wants a few more records from the enterprise as there are some gaps of their utility. after you have their reaction, the department will flow forward on that,” an respectable stated. The information is crucial as Xiaomi has sought complete exemption from the required 30 percent neighborhood sourcing norms. when contacted about the problem, the company said: “we’ve…

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government Panel Nod Paves the manner for Apple Retail shops in India

a central authority panel has encouraged exempting iPhone and iPad maker Apple from obligatory neighborhood sourcing norms, a move which could pave the manner for tech massive beginning unmarried-logo retail stores inside the united states. The company had given an in depth presentation to the committee headed by way of department state-of-the-art industrial coverage and promoting (DIPP) Secretary Ramesh Abhishek on April 19, on its products, generation, innovations and camera. “The committee has discovered that the organisation’s merchandise are cutting part era and 49a2d564f1275e1c4e633abc331547db. It has encouraged to exempt them…

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LeEco appears to Open different Retail memories in India, Seeks FIPB Nod

chinese device maker LeEco on Monday stated it has filed an software with the FIPB for opening unmarried-emblem retail stores to promote its electronic products. The cellphone maker stated it has “filed an application with the overseas funding promotion Board (FIPB) for mission unmarried brand retail buying and selling modern day digital merchandise both through brick and mortar stores and e-trade portal”. “India is a key marketplace for LeEco and we plan to significantly invest in putting in place our business model inside the united states. we’ve got obtained a…

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iPhone SE Retail Box Allegedly Leaked, Tips 16GB Storage and ‘SE’ Branding

As Apple’s Spring event scheduled for Monday closes in, more leaks with details about the unannounced 4-inch iPhone – aka iPhone SE – have emerged. While we have already seen the alleged smartphone from all angles in a recent video, a new leaked image claiming to show the retail box of the smartphone has surfaced online, seemingly confirming the name and some of its features. The alleged retail box first of all clearly mentions ‘iPhone SE’ confirming the official name of the device, which few weeks back was rumoured to…

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Apple Resubmits India Retail Store Application; Xiaomi Follows

iPhone and iPad maker Apple has resubmitted its application for opening single-brand retail stores in the country as there were certain gaps in its earlier proposal. “The proposal is being processed by the Department of Industrial Policy and Promotion (DIPP). Chinese smartphone maker Xiaomi too has submitted an application,” an official said. In January, Apple had filed proposal seeking permission for single-brand retailing and sell products online but due to certain gaps in the application, DIPP had sought more information from the US-based technology giant. According to the sources, the…

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