Even as most players in India’s e-commerce space are struggling to break-even, a recent report has estimated that the industry may turn profitable at an operating level by around 2020. According to UBS Securities, the Indian ...
Walmart India has appointed Pankaj More as Head Technology. In his new role, More will be the key person for strengthening the company’s technology and IT infrastructure, according to media reports. More has more than ...
Tags: Walmart India, IT infrastructure
According to an Indian Cotton Federation (ICF) report for the fortnight ended March 31, 2015, around 31 million bales have been pressed till now in the current cotton season. The CCI has procured approximately 8.6 million bales of ...
Tags: Cotton Season, Cotton
The impact of the Trans-Pacific Partnership (TPP) agreement on China and non-TPP major Asian manufacturers South Korea and Taiwan will be minimal. However, other non-TPP Asian nations (particularly textile manufacturers) and small domestic ...
Tags: Trans-Pacific Partnership, textile
After acquiring a stake in a U.S. medical device firm last year, the world’s biggest electronics manufacturer is in now talks with another medtech company. Brian Buntz Foxconn is now making components for the ViSi Mobile device ...
Tags: Medtech Market, iPhone Assembler
The US LED lighting market should grow to $5.2bn in 2015, driven by continuously declining LED prices (due to decreasing production) cost coupled with US government initiatives such as the Energy Policy Act of 2005 and increasing consumer ...
Tags: LED market, Lighting market
U.S. specialty jewelry store sales fell 5.4 percent year on year to $2.72 billion in February, according to government calculations. The sales decline was much more severe than preliminary totals for jewelry and watch sales across all ...
Tags: specialty jewelry, watch sales
Philips originally planned to spin off its wholly-owned subsidiary Lumileds and automobile lighting business to make them an independent company by the end of the first half 2015. But on March 31, Philips announced a deal to sell a 80.1% ...
Tags: Philips, Lumileds, automobile lighting
Making a case against plain cigarette packaging in the Commercial Court, Japan Tobacco International (JTI) Ireland, a distributor of well-known tobacco brands, has argued that being a member of the European Union (EU), Ireland can not ...
Dutch brewer Heineken has agreed to purchase 51.11% stake in Slovenian brewery Pivovarna Lasko in a deal that will value the company at around $237m. Heineken and Lasko's largest shareholder Bank Asset Management Company (DUTB) ...
Tags: Slovenian Brewer Lasko, Heineken
With ongoing concerns about health and the reduction of sugar in the diet, the sugar-free confectionery market should be booming, particularly in the face of ongoing technical developments that have improved sensory properties, and the ...
Swiss food company Nestle SA has announced that it is cutting the added sugar in its Nesquik flavored milk products. Nestle has taken successive measures recently to lessen sugar and salt in its offerings amid increasing public health ...
Tags: Nestle SA, added sugar, milk products
Yarn spinning is rapidly expanding in South and Southeast Asia and is expected to continue on the same lines in near future, according to the latest report on ‘Cotton: World Market and Trends’ released by the US department of ...
Tags: Yarn Spinning, Cotton
The LED industry is now fully embracing the fast-growing lighting market as (based on revenues) LED lighting has become the largest sector among LED applications, surpassing LCD backlighting in 2014, and is expected to be the major driver ...
Tags: LEDs MOCVD, LED Chip
China's textile and garment industry to explore the transition to 2015 performance expectations.Restructuring of the industry surging, mergers and acquisitions endless: This year cross / number of mergers and acquisitions in the industry ...
Tags: textile industry, garment industry