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Madras High Court orders for TASMAC shops closure as TN crosses 6,000 Covid-19 positive cases

The High Court passed the interim order on Friday as a result of the blatant violation of the conditions that the court had prescribed under which liquor shops could function. These conditions included adhering to social distancing norms while also deploying additional staff to manage the crowd.




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This footwear maker's stock surged over 1,600% in a decade

On a yearly basis, the Kolkata-based company's share price, which stood at Rs 1127.35, as of January 1, 2019, has gained around 55.32 per cent.




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Nike says virus to have 'material impact' on China operations

"Similar to others in the marketplace, approximately half of Nike-owned stores have been temporarily closed," while it is "experiencing lower than planned retail traffic in stores that do remain open."




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Sustainable footwear brand Neeman’s raises $1 million from angel investors

Founded in 2017 by Taran Chhabra and Amar Preet Singh, Neeman’s is a sustainable shoe brand that uses completely natural, renewable, recyclable and chemical-free materials to reduce the carbon footprint.




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Huge trade opportunities in Russia for leather, footwear exports: CLE Chairman

Russia has imported leather and footwear worth USD 3.9 billion in 2018, and India's exports to that country stood at only USD 52.6 million, said Panaruna Aqeel Ahmed, chairman of Council for Leather Exports (CLE).




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Adidas shifts German, US smart factories to Asia

The production of high-tech running shoes at its so-called speedfactories in Germany's Ansbach and in the US city of Atlanta "will be discontinued by April 2020 at the latest", Adidas said in a statement.




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Nike says bye to selling on Amazon

Big brands have quit Amazon's platform due to sales of counterfeit products and unauthorised sellers which undermines the value of the original brands.




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Sunil Chhetri inks 3-year deal with PUMA

Chhetri joins the brand's roster of global players like Antoine Griezmann, Romelu Lukaku, Luis Suarez and Sergio Aguero among others.




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Decathlon's 'contact-details' demand sparks row

French retailer Decathlon’s refusal to do business with customers who refuse to share their contact details has sparked a wave of protests on social media.




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Delhi HC restrains Campus from selling shoe range on Puma’s copyright plaint

Campus Activewear is part of the Synergy Action Group that sells 100,000 pairs of shoes every day through more than 50,000, mostly third-party, outlets, according to Action Shoes’ website.




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Small towns purchase more sportswear via e-platforms

Sportswear makers say sales in tier II and III towns have grown exponentially in the last few years and contribute a sizable percentage of their revenue now.




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Coronavirus slams Adidas, Puma sales in China

"Our business activity in Greater China has been around 85 percent below the prior year level since Chinese New Year on January 25," Adidas said in a statement.




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Puma launches collection made from waste plastic bottles

“The Puma and First Mile programme has diverted about 40 tonnes of plastic waste from landfills and oceans, just for the products made for 2020. This roughly translates into 1,980,286 plastic bottles being reused,” said Stefan Seidel, head of corporate sustainability for Puma, in a press statement




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India is driving Puma’s global growth: CEO

Puma operates 365 owned stores in India, and over the past three years, has signed up cricketer Virat Kohli, boxer Mary Kom, footballer Sunil Chhetri and actress Sarah Ali Khan to endorse its products.




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Tie-up with Virat Kohli's One8 contributes 10% of Puma India sales

According to the company, Puma's collaboration with the Indian cricket captain saw a massive rise in sales in FY2019 with sales through One8 accounting for almost 10 per cent of its overall sales, and cementing the leadership position by a wider margin.




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Puma India elevates India MD Abhishek Ganguly to General Manager- SE Asia and India

In a letter to the brand’s business partners, Bjorn Gulden, global CEO of Puma SE, announced Ganguly’s elevation in the company adding that that he will continue to work out of Puma’s India head office in Bengaluru.




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Puma ropes in actress Kareena Kapoor Khan as brand ambassador

Khan will be the face for Puma’s soon-to-be launched collection of low-intensity training apparel collection targeted at workouts such as yoga, barre, and pilates. The new line will be launched in April and retailed both online and offline.




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Puma sees worse second quarter but growth in 2021

Puma said it expected all markets to recover by the end of the year and for growth to return in 2021, noting that the crisis has made many people do more sports than before and has strengthened the trend towards more casual dressing.




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Titan’s optical division forays into smart eyewear segment

​​The Bluetooth-enabled smart sunglasses by Titan’s eyewear division will allow users to listen to music with 8-hour playtime. An in-built mic will give access to Siri and Google assistant and allow hands-free calling.




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Titan Q2 profit inches up 2% YoY to Rs 320 crore, misses Street estimates

The company had posted Rs 314.38 crore profit in the year-ago period.




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Wildcraft India bags a deal to make rucksacks for the Indian Army

“We have bagged a multi-million dollar order from the Ministry of Defence to make rucksacks for the Indian army. It is an unchartered territory but creating an ideal rucksack for an Indian jawaan who spends maximum time outdoors in challenging terrain will be good learning. The order will be executed next year,” said Siddharth Sood, cofounder of Wildcraft India.




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Panerai CEO sees India as key market for luxury watches

While early movers like Rolex, Omega and Tag Heuer entered India in early noughties, a clutch of global luxury watches like Panerai are now placing bets on the Indian market, keeping in mind a longer investment horizon. In a bid to create a deeper connect with the Indian consumers, Panerai launched two MS Dhoni special edition watches on Wednesday.




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Muted consumer sentiment will continue for many months: CK Venkataraman, Titan

“We certainly expect FY21 to better than FY20, because we are going to work smarter and harder on many things that we need to do. But at the same time, we are prepared for a situation which is going to be very-very tough.”




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Getting good quality retail in India is a challenge: Niladri Mazumder, Seiko India

Retail in India has not developed at the same pace as the products. Getting good quality retail is a challenge. The country has limited number of malls. There is no high street.




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Smaller town push to help Titan hit 15-20% revenue growth

Jewellery remains the main business of the company, generating most of its operating profit (EBIT). It added 34 jewellery stores in the first nine months and plans to add another 16 by the end of the fiscal taking the total store count to 337.




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Titan acquihires HUG Innovations, with an aim to strengthen its smart wearables division

The watchmaker will form a development centre in Hyderabad with HUG in hardware, firmware, software and cloud technology and has appointed the company's founder Raj Neravati to head technology for wearables at Titan Company.




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Smartwatches help Titan turn around business

“Titan phased out its older models and launched Fastrack’s Reflex 2.0 in the 2018Q3. It helped the brand to get a healthy 70% sequential growth in its overall shipments in the overall wearable segment,” IDC said.




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Swiss watchmakers see exports plunge amid pandemic

Exports to Hong Kong, the sector's biggest market, plummeted 41.3 percent, while exports to France fell 48 percent, and those to South Korea were down 46.2 percent.




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Macrogroove, three-dimensional sonograms

The unpredictable resurgence of vinyl has rekindled an interest in physical sonic structures. Gilles Azzaro’s “Macrogroove” realises the idea of a three-dimensional sonogram. It is a 3D printed ‘audio coding’, which is played by a laser beam, scanning the form




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(edited by) John G. Hanhardt, Gregory Zinman, and Edith Decker-Phillips – We Are in Open Circuits: Writings by Nam June Paik

The MIT Press, ISBN-13: 978-0262039802, English, 464 pages, 2019, USA

Nam June Paik is back in the limelight, thanks to an important historical exhibition at Tate Modern (see the report in this issue). There has




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This Side of Jordan - Mandolin Orange

For Andrew Marlin, the genesis of Mandolin Orange’s 3 rd CD “This Side of Jordan” evolved from a near-tragic incident in his own life back in 2011 that occurred around the release of the duo’s 2 nd CD. (AM) “What happened was I was on this dam just down the road from where we live. It’s a popular swimming spot. It was a little early in the morning and I just got a little too close and fell over the dam. Luckily I just broke my pelvis, but it was an eye-opening experience. It could’ve gone so many ways. I think it had a huge impact on this record, opening up my eyes to mortality and how crazy just little instances like that go. I can go one way or the other so fast.” But while Andrew says that accident definitely affected the production of “This Side of Jordan,” the spiritual aspect that runs throughout the disc may have come out anyway, given the style of music that he and partner Emily Frantz partake in. “I grew up in the church. My mom, she always played for the church when I was




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China-made phones off speed dial as supply chains disrupted amid coronavirus outbreak

“There are supply issues for several brands. There is no clarity when the situation will normalise,” said Nilesh Gupta, director at Vijay Sales, a leading electronics retailer in Mumbai and New Delhi. “If it doesn’t get corrected fast, we may move into a stock-out situation from next month.”




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Apple to close retail stores worldwide, except Greater China, until March 27

"We will be closing all of our retail stores outside of Greater China until March 27," Apple CEO Tim Cook wrote in a letter posted on the company's website.




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Covid lockdown: Smartphone makers ping government for essentials tag

Industry bodies Manufacturers’ Association of Information Technology (MAIT) and India Cellular & Electronics Association (ICEA) have written to the government seeking concessions in the delivery of smartphones among other electronics devices and removal of restrictions on the movement of components for inland and export purposes.




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Handset makers, traders urge govt to allow device sales via offline retail

Handset makers and offline traders have urged the commerce and home ministries to allow the sale and service of mobile devices and its accessories through offline stores in the country.




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'Essentials tag' call divides handset makers, retailers

All India Mobile Retailer Association (AIMRA), which represents 1.5 lakh such retailers across the country, wrote to commerce minister Piyush Goyal to not consider mobile handsets as essential items.




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Microsoft to launch Xbox One in India through Amazon this week

Xbox will be available for Rs39,990, while the model with Kinect, an interface that allows the use of gestures to play games, will cost Rs45,990.




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This new feature could make 'Super Smash Bros' the game of the year

There's no better game to play with friends than "Super Smash Bros." And it's about to get even better.




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Rovio Entertainment,owner of the Angry Birds franchise, aims to become default app on India smartphones

Rovio’s India head also said that the company wants to have its own retail store where it can sell Angry Birds merchandise such as shirts and stuffed toys.




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Toonz Animation ties up with Gummybear International

Toonz Animation, the flagship division of leading content company Toonz Entertainment, has signed a major deal with Gummybear International Inc.




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Gamaya eyes $15 million revenue with Ramayana-inspired game

The game, which has been launched in India and the US, is available for Rs 6,249 on its portal and Amazon.in.




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Gaming startup MadRat develops wear and play platform for kids

MadRat has developed an interactive suit designed to encourage children to venture out and play even within the restrictive confines of housing complexes.




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Rotomac boss was among top 100 key invites to UP summit

Barely a week before he was taken into CBI custody on charges of defaulting on bank loans to the tune of Rs 3,000 crore, Rotomac chairman Vikram Kothari was among the top 100 key invitees to the mega UP investor summit.




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Rotomac case: I-T dept files 6 charge sheets against Vikram Kothari

The Kanpur-based group is being probed by the CBI and the ED in connection with the alleged swindling of Rs 3,695 crore of loan funds.




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Will Rotomac companies face liquidation?

Bank of India, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, Union Bank of India, and Bank of Maharashtra have jointly lent close to Rs 4,000 crore to the two Rotomac Group companies.




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CBI court rejects bail plea of Rotomac owner Vikram Kothari

The court considered the facts and found that he was not entitled for interim bail on the said grounds.




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German brand Lamy partners Dilip Doshi

Lamy products will be imported from Germany and will be sold at price-tag starting Rs 900 onwards.




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CBI has quizzed six officials of Bank of Baroda in connection bank fraud involving Rotomac case

The total outstanding amount, according to the agency, is approximately Rs 3695 crores. The agency had sealed the office and house of Vikram Kothari’s residence, in New Delhi.




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CBI files chargesheet in Rotomac case

The agency filed a chargesheet in the special court Lucknow dealing with Rs 456.63 crore loan of Bank of Baroda as the probe into remaining amount is continuing, officials said, adding that more chargesheets would be filed in the case




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ED attaches Rs 177 crore assets in Rotomac bank fraud case

It alleged that these assets were the "proceeds of crime" of the illegal act of money laundering.