A number of celebrity fashion brands including HRX, All About You and Alia Bhatt for Jabong may have to change their business models due to the new foreign direct investment policy due to take effect on February 1.
The international sportswear giant has unveiled the Nike Adapt BB: a basketball shoe capable of continually altering its fit and the first product to be released as part of the brand’s new Nike Adapt platform.
India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon and Walmart's Flipkart, could reduce online sales by $46 billion by 2022, according to a draft PwC analysis.
Trident Ltd has witnessed a 53 percent rise in its net profit to Rs 112 crore ($15.8 million) for the quarter ended December 2018 as against the Rs 73 crore it posted during the same period last fiscal.
As India’s top multi-brand e-commerce platforms face the upcoming FDI norms that could see them having to fully reassess their business models, Amazon India has announced a sale to boost revenue ahead of uncertainty.
The Colorado-based footwear brand announced on Monday that it has updated its revenue outlook for the fourth quarter of 2018 to between $211 and $214 million and has also increased its guidance for the full fiscal year.
Amazon India remains committed to expansion in India and has the highest number of job vacancies in the country compared to any other it operates in. The business also aims to expand beyond e-commerce into other areas.
The founder of the online eyewear platform Lenskart, Peyush Bansal, has assured that new foreign direct investment norms will not affect his business model but criticised the government for making it hard for start-ups.