Raveesh Kumar, an External Affairs Ministry spokesperson, has announced that the authorities of Antigua and Barbuda have agreed to extradite jeweller Mehul Choksi to India as soon as legal formalities conclude.
Large e-commerce firms including Amazon and Flipkart have asked the government to defer its planned GST regulation amendment that is set to be enforced on October 1, as it would create compliance issues.
Lifestyle International, the India-based fashion retailer, has been ordered by the National Anti-Profiteering Authority to refund the "profiteered" amount on a product after failing to pass on a GST reduction.
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.
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.
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.
Fashion e-tail giant Asos is hosting an event in central London on Wednesday to “bring together brands and inspiring individuals to engage in some of the most important topics facing the fashion industry.”
Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors but the deal with the U.S. fashion group will create jobs in Italy, said creative director Donatella Versace.
India’s cotton exports to China may see a five-fold jump to 4 million bales in marketing year 2018-19 beginning October 1, after the latter slapped a 25 percent additional duty on cotton imports from the United States.