Iconic US brand GAP comes to India through Arvind franchise
US apparel retailer GAP has entered India through a franchise agreement with Arvind Lifestyle Brands, a unit of textile and retail major Arvind. About 40 stores will be opened in the next five years and Arvind expects Rs 1,000 crore worth of business opportunity from the venture. “For many years,... read more »
Sebi tells PACL to refund Rs 49,100 crore to investors
In the biggest-ever crackdown on large-scale illicit money pooling schemes and a case that dwarfs the clampdown on Sahara, market regulator Sebi has asked PACL (formerly Pearls Agrotech Corporation) to refund Rs 49,100 crore to investors within three months. Sebi has also ordered the immediate... read more »
At least 33 killed in Egyptian bus crash
Two buses have collided near a popular Red Sea resort in Egypt, killing at least 33 people, in the country’s worst road accident in nearly two years. The buses were coming from opposite directions when they collided on a main road about 50km from resort town Sharm el- Sheikh on the Sinai... read more »
Ukraine crisis: Merkel to arrive in Kiev as crisis mounts
German Chancellor Angela Merkel is due to arrive in Ukraine for talks, a day after calling Russia’s decision to send an unauthorised aid convoy there a “dangerous escalation”. More than 100 Russian lorries entered eastern Ukraine on Friday without permission from Ukraine’s... read more »
CWG Hockey: Indian women lose 0-3 to New Zealand
Glasgow, Scotland: The Indian women’s hockey team went down fighting to the higher ranked New Zealand 0-3 in their second match of the XX Commonwealth Games in Glasgow, Scotland. The... read more »
Malaysia Airlines Crew Reel After Disasters
Kuala Lumpur: Jonathan Takom has been a Malaysia Airlines steward for 16 worry-free years, but after the carrier’s loss of two planes and nearly 30 crew, when he touches down these... read more »
Russia denies culpability as UN says MH17 crash in Ukraine may amount to ‘war crime&...
Moscow: Categorically denying Russian culpability in downing of Malaysia Airlines Flight 17 in Ukraine, Russian Foreign Minister Sergei Lavrov on Monday said that the US and Ukraine must... read more »
Abu Sayyaf gunmen kill 19 Filipinos in road attack
MANILA — Abu Sayyaf gunmen attacked Filipino civilians traveling to celebrate the end of Ramadan with their families on Monday, killing 19, including five children, in a brazen road... read more »
John Kerry to visit India in a bid to revitalise US-India relatio...
Washington: US Secretary of State John Kerry visits India this week as Washington tries to revitalise ties it sees as a counterbalance to China’s rising power, but rapid progress is unlikely,... read more »
