Apparel
HMT Watches to shut down business after 53 years
Once a prized possession of every Indian consumer, HMT Watches, is shuttingshops owing to heavy losses. The iconic brand that was launched in 1961 with a punchline, ‘Timekeepers to the nation’, as a part of the government's efforts to build a modern India, has been suffering losses for over a decade. Finally, the government decided to close the...
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