Fabric Of Trade: India’s Textile Push In UK
The uplift, experts say, will come not just from greater volumes but also from the ability to export higher-end finished goods directly to UK consumers
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India Negotiates Trade Deals With Fairness, Openness: Piyush Goyal
- by BW Retail World Bureau
- February 23, 2024
Commerce and Industry Minister Piyush Goyal on Wednesday, emphasised India’s commitment to fair and open negotiations in trade and investment agreements, ensuring the interests of the people are safeguarded. Speaking at the CII India-Europe conclave, Goyal mentioned that countries engaging in Free Trade Agreements (FTAs) and investment pacts with India should recognise the substantial market […]
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JD.com Eyes Currys Takeover, Challenging Elliot’s Bid For British Retailer
- by BW Retail World Bureau
- February 20, 2024
Chinese ecommerce platform JD.com has recently confirmed that it is exploring the possibility of acquiring Currys, a major electrical retailer in the UK. This announcement has sent shares of Currys soaring, as it opens the door for a potential bidding war after the rejection of a £700 million (USD 883 million) offer from U.S.-based investor […]
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The Body Shop UK Seeks Restructuring Through Administration
- by BW Retail World Bureau
- February 14, 2024
The Body Shop appointed administrators to accelerate the restructuring of the UK business, as per the media statements. “Today, the directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley and Alastair Massey of business advisory firm FRP as joint administrators of the company, which operates The Body Shop’s UK business,” said an […]
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Indian Alcohol Producers Seek Better Market Access In European Union
- by BW Retail World Bureau
- December 18, 2023
The Confederation of Indian Alcoholic Beverage Companies (CIABC) has sought better market access for Indian products in the European Union. The apex body of Indian alcoholic beverage manufacturers has demanded that the EU remove the non-tariff barriers that prevent the vast majority of Indian products from being sold in the EU. The confederation’s members include […]
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India Raises Concerns Over Potential Carbon Taxes In UK FTA Talks
- by BW Retail World Bureau
- November 18, 2023
India is worried about Britain’s possible tax on imports of high-carbon goods like steel and wants a mechanism in their planned free-trade agreement (FTA) to address issues arising from such a measure, three Indian sources said. Earlier this year, Britain initiated consultations with domestic stakeholders on measures such as a potential carbon border tax, which […]
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Ashok Leyland Invests Rs 1,200 Cr In Electric Vehicle Subsidiary, Switch Mobility
- by BW Retail World Bureau
- November 11, 2023
Mumbai-Based Ashok Leyland Commits Rs 1,200 Crore Investment in Electric Vehicle Subsidiary, Switch Mobility The Board of Directors approved this infusion for capital expenditure, research and development (R&D), and operational needs in both the UK and India. The funds will be infused over the next few months, subject to statutory approvals, and will be administered […]
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India’s Exports Surge In Key Sectors Despite Overall Trade Dip In Sep
- by BW Retail World Bureau
- October 13, 2023
India’s trade data for September 2023, released by the Commerce Ministry, reveals a decline in exports by 2.6 per cent, which amounted to USD 34.5 billion compared to USD 35.4 billion in September 2022. “UK delegation will be in India for FTA negotiation. High-level engagements at various levels are ongoing to iron out differences. The […]
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India’s Smartphone Exports Soar 99.52% In April-July FY24, US Emerges As Top Destination
- by BW Retail World Bureau
- October 9, 2023
In the initial four months of the financial year, 2023-24 (April-July), India reported smartphone exports worth USD 4.67 billion, highlighting the United States emerging as the principal destination for India-manufactured devices, with exports skyrocketing to USD 1.67 billion during this period. According to the commerce ministry data, It is an increase from the USD 284.6 […]
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Apple Faces $1Bn Class-Action Lawsuit In UK Over App Store Fees
- by BW Retail World Bureau
- July 25, 2023
Apple has become the target of a substantial GBP 785 million (USD 1 billion) class action lawsuit in the United Kingdom. The lawsuit has been brought forth by over 1,500 app developers who are expressing grievances over the company’s App Store fees. Apple’s services business, especially the App Store, has witnessed remarkable revenue growth in […]