Executives at India’s Punjab National Bank misled the central bank in late 2016 over the lender’s handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud.
According to a new report, the global organic personal care market will see a CAGR of 9.5% over the next seven years, building on a firmly established market in the US and growing demand in developing economies.
Dutch retailer Hema has been instructed to pay Levi’s a fine of nearly €4.5 million after selling jeans with back pocket stitching that is very similar to the American label's well-known arcuate stitching design.
The Paris Court of Appeal has acknowledged the exclusive rights of designer Christian Louboutin for red shoe soles in a dispute pitting the label against Kesslord, a brand offering models with similar features for sale.
The Enforcement Directorate, India's financial investigation agency, has swung into action to seize jewellery worth Rs 85 crore (approx $12.5 million) brought into the country from Dubai by jewellery firm Gitanjali.
Global consumer demand for diamond jewellery hit $82 billion in 2017, up 2% from the previous year, with the US leading growth for the fourth consecutive year, according to a De Beers Group study published on Thursday.