The share of cotton from more sustainable sources used by furniture and home furnishings retailer, Ikea in its products reached 76 per cent and is on track to reach its goal of 100 per cent by August 2015. Sweden based Ikea Group released ...
Tags: Sustainable Cotton, Ikea Products
Rising India,a holding company focused in restaurant concepts and other ventures focused in meals and entertainment, announces today that it has entered official negotiations to acquire a food delivery company comprised of a consortium of ...
Tags: Rising India, Organic Food, Sustainable Food
Clothing is one of the leading segments of the online and online retail global market, according to a report by Hamburg-based business intelligence organisation yStats.com. The report ‘Global Clothing B2C ecommerce Market ...
Global smartphone shipments grew 31% annually from 290.2 million units in fourth-quarter 2013 to a record 380.1 million in fourth-quarter 2014, according to the latest research from Strategy Analytics. "An impressive 1.3 billion ...
Tags: Smartphone Vendor, Electrical
China's top smartphone companies challenged Samsung and Apple with surging sales and revenue in 2014, vowing to scramble for a larger share in a global turf war with the top two makers. As one of the major competitors, telecom behemoth ...
Tags: Smartphone, Samsung, Apple
Gross retail turnover at specialty stores retailer, Shoppers Stop Ltd (SSL) lifted 7.23 per cent year on year in the third fiscal quarter ended December 31, 2014. SSL said its gross retail turnover stood at Rs. 844.77 crore for the ...
Tags: Shoppers Stop, Mothercare, Apparel
Michelman has acquired its long-time sales and service partner, Supack International P/L, making it an integral part of Michelman India. Michelman India is dedicated to the development of the Indian market, with an immediate focus on the ...
Asian Paints Ltd. has announced its financial results for the quarter and nine months ended December 31, 2014. “We registered single-digit volume growth in the decorative paint segment in India due to sluggish demand conditions," ...
Speaking at the inauguration of Tex-Trends India 2015, Indian union textiles minister, Santosh Kumar Gangwar said the new National Textiles Policy will be unveiled after the Union Budget is presented. The new Textiles Policy aims to ...
Tags: home furnishings, yarns, fabrics, silk, Apparel
Net profits surged 17 per cent from a year ago period at Swedish apparel retailer H&M Group for the full fiscal year ended November 30, 2014. The Group’s profit after tax increased to SEK 19,976 million or corresponding to SEK 12.07 ...
Tags: apparel retailer, network expansion, Apparel
Global Organic Textile Standard (GOTS) will be joining Inkjet India 2015, the fifth Digital Textile Conference being organised by Inkjet Forum India, as a knowledge partner. Mr Sumit Gupta, GOTS representative in India and Bangladesh ...
A Pakistani yarn merchants' body has demanded that the Pakistan government impose 15 per cent regulatory duty on cotton yarn imports from India on back of surge in imports. Addressing the media, senior office bearers at Pakistan Yarn ...
Tags: cotton yarn, raw materials, Textile
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved continuation of mandatory packaging of foodgrains and sugar in jute material to the minimum extent of 90 percent and 20 percent ...
Tags: foodgrains, sugar, Textile
Japanese auto maker Suzuki Motor laid foundation stone at its JPY60bn ($509m) vehicle manufacturing facility in Gujarat, India. The company is planning to set up three plants in the Indian state at an investment of Rs 80bn ($1.3bn). ...
Washington and New Delhi are expanding their defense technology cooperation. On his visit to India, President Obama and Indian Prime Minister Narendra Modi discussed the extension and expansion of the bilateral Defense Technology and Trade ...