The Walmart Foundation has pledged to invest Rs 180 crore ($27 million) in Indian farmers. Walmart India will separately increase its direct sourcing from farmers to 25 percent, which will reduce transportation costs.
Adidas has assured that, despite press reports that it was backing out of India’s cricket market, it has the same focus as ever and is also expanding its focus on running and football clothing in the country.
Bayer AG, which acquired US biotech firm Monsanto in June, recently said new Bt cotton seed technology cannot be introduced in India as it is no more profitable and financially viable because of royalty issues.
Danish fashion firm Bestseller United, the biggest investor in Asos, the fast-growing British online fashion retailer, said on Thursday it would reduce its holding by selling a 2.4 percent stake in the firm.
Sri Sri Tattva, an Ayurveda-based brand that produces cosmetic, health, and wellness products, has opened its first “wellness centre” in Lucknow, bringing its Uttar Pradesh store total to three and India total to 11.
The special PMLA court that had summoned the jeweller Mehul Choksi for a hearing on September 26 has given him until October 30 to respond to the Enforcement Directorate’s (ED’s) complaint against him.
Logistics issues may have been a problem for H&M in the US, France, Italy and Belgium in Q3 but the quarter was mainly about good news as online surged, AI and analytics tech delivered, and sales recovered.
The beauty company has announced a new long-term strategy to “Open Up Avon”, focusing on positioning the company to capture strategic opportunities, rebooting its sales model and developing its digital capabilities.