Ahmedabad-based e-commerce company Infibeam has decided to file its draft red herring prospectus with market regulator the Securities and Exchange Board of India by December as it plans to raise around Rs 500 to 1,000 crores funds through initial public offering (IPO). Infibeam, which owns and operates […]

Online retail platform Jabong, competing with biggies like Amazon and Flipkart in India, reported a rise in revenue by almost 50 times in 2012-13, while significantly cutting down its losses. During the fiscal year 2012-13, the net revenue of Jabong, the fashion portal operating under the name Xerion […]

American fashion brand Tommy Hilfiger's India joint venture with Arvind has reported a 24 percent rise in sales and 66 percent jump in profits last fiscal on the back of strong retail and wholesale sales. Tommy Hilfiger Arvind Fashion posted revenues of Rs 235 crores and Rs 10 crores in profits for […]

Mumbai-based start-up Voxpop Clothing, an online portal for licensed apparel merchandise, has raised 1 million dollars (over Rs 60 crores) from existing investor Blume Ventures, and few other strategic investors. The company, founded by Siddharth Taparia, an alumnus of Harvard Business School, aims […]

The Cambodian government announced a few days ago that the minimum wage of garment workers would be raised to 128 US dollars per month starting from 1st January 2015. Though the new wage is higher than the 123 US dollars suggested by the Labour Advisory Committee, it is significantly lower than the […]

The e-commerce market in India has already attracted 106.66 million dollars (over Rs 650 crores) in foreign direct investment so far. The market grew at a staggering 88 percent in 2013 to 16 billion dollars (over Rs 98,000 crores), riding on booming online retail trends and defying slower economic growth, […]

REPORT_ During H1 2014, Rocket Internet continued to capitalize on the significant market opportunity especially in emerging markets through its network of companies, which have been performing in line with expectations. The Proven Winners companies had an average weighted GMV period-over-period growth […]

Zodiac Clothing Company has reported a consolidated income from operations of Rs 95.76 crores and a net profit of Rs 1.13 crore for the quarter ended September 2014. For the same quarter the consolidated total income from operations was Rs 102.32 crores and net profit was Rs 5.42 crores. Zodiac Clothing […]

Aditya Birla Nuvo (ABNL) reported 55.79 percent jump in consolidated net profit at Rs 452.05 crores for the quarter ended September 30, 2014. It had reported a net profit of Rs 290.15 crores in the July-September quarter of 2013-14 fiscal, Aditya Birla Nuvo ( ABNL) said in a BSE filing. ABNL's net income […]

Bombay Dyeing and Manufacturing Company was able to narrow its losses to Rs 34.43 crores for the second quarter ended on September 30, 2014, compared to Rs 62.19 crores in the same quarter of last fiscal. Its net income during the quarter under review increased 8.72 percent to Rs 550.54 crores from […]

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