Innerwear brand Jockey continues to remain bullish on the Indian market with plans to double production capacity to 400 million pieces per annum and is eyeing smaller markets for growth, said a top company official.
France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter.
The retail industry of India is growing at a rate of 10 per cent and can be expected to be worth Rs 85 lakh crore by the year 2021 owing to technology disruptions and consumer data, according to a recent report.
A group of MPs from Telangana, led by the state’s irrigation minister T Harish Rao, recently asked Union minister Smriti Irani to instruct the Cotton Corporation of India to open more purchase centres in the state.
Monsanto Co will sell its small branded cotton seed business to local firm Tierra Agrotech Private Ltd, but remains fully committed to India’s agriculture sector, a Monsanto India spokesman said on Friday.
It is expected that the retail sales for 2017 is likely to increase between 3.2 to 3.8 per cent rather than the 3.7 to 4.2 per cent forecast in February this year, according to the National Retail Federation (NRF).