GST impact! Massive stock clearance discounts on apparels, gadgets likely in December

Retail outlets are reportedly planning bumper year-end sales by December to clear their inventories before 2018 ends. Retailers might offer discounts up to 50 per cent on branded goods in light of restrictions on transitional credit under Goods and Services Tax, said a report by The Economic Times. As per the GST regulations, traders will … Read more GST impact! Massive stock clearance discounts on apparels, gadgets likely in December

RIL to foray into co-branded apparel business with ‘RElan’

This co-branding exercise will give RIL a foothold in the Rs250,000 crore Indian apparel industry comprising almost a 50-50 share of menswear and women swear. Photo: Mint New Delhi: Reliance Industries Ltd (RIL), which has recently introduced RElan—a portfolio of specialty fabrics, is in talks with several apparel brands for co-branding of apparels, a top company … Read more RIL to foray into co-branded apparel business with ‘RElan’

AEPC concern over apparel exports fall; envoys meet CEA

India’s Apparel Export Promotion Council (AEPC) has expressed concern over the decline in apparel exports by about 40 per cent in October compared to the same month last year and has been engaging with policymakers for an early resolution of the issue that is hampering the apparel industry post implementation of the goods and services … Read more AEPC concern over apparel exports fall; envoys meet CEA

Three break into jewellery shop, one injured in scuffle with police

Three armed criminals on late Monday night entered a jewellery shop in Vaishali-Sector 5 and in a scuffle with the police, one suffered injuries. Raghunandan Verma, owner of the Alaknanda Jewelers shop, who is an ex-serviceman, resisted and raised a cry for help which forced the intruders to abort. They fired shots in the air … Read more Three break into jewellery shop, one injured in scuffle with police