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The Business of Fashion

New Delhi, India

Global Markets

India’s Higher Clothing Tax Threatens Setback for Global Fashion Brands

India’s consumer tax reform is raising duties on apparel priced above $29, unsettling global and domestic fashion players who warn higher costs could affect demand.

Global Markets

India Braces for Higher US Tariffs, Eyes Broader Trade Deal, Sources Say

As a temporary measure, India anticipates US tariffs between 20-25 percent while broader trade negotiations continue.

Retail

Birkenstock Cracks Down on Fakes in India

Indian court-appointed representatives recently inspected factories to seize suspected counterfeit footwear, after the German brand launched an infringement lawsuit, sources said.

Global Markets

India’s Future Retail Takes Reliance Deal Saga to Supreme Court

India’s Future Retail has asked the country’s top court to stall a Singapore arbitration panel’s decision to freeze a $3.4 billion asset sale after e-commerce giant Amazon had sought to block the deal.

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Global Markets

Migrant Workers in India Face Police Backlash After Defying Covid-19 Lockdown

Hundreds of thousands of migrant labourers, many of whom work in India's now shuttered textile industry, were sprayed with tear gas by police as they attempted to head to their homes in the countryside on foot, following Prime Minister Narendra Modi's 21-day nationwide lockdown.

Global Markets

Amazon to Face Protests From Traders During India Trip

India's 70 million brick-and-mortar retailers have been waging a battle against online retailers Amazon and Walmart-controlled Flipkart since 2015, accusing them of deep discounts and flouting India's foreign investment rules.

News & Analysis

Amazon and Indian Trader Group in Public Spat Over Discounts

The Confederation of All India Traders has issued concerns over the e-commerce giant's alleged circumvention of foreign investment rules.

News & Analysis

Walmart Criticises India's E-Commerce Rules, Warns of Trade Impact

The American retail corporation is siding with the US government in strongly opposing India's e-commerce rules in a failed lobbying attempt.

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News & Analysis

Walmart-Owned Flipkart Faces Legal Spat With Start-Up

India's answer to Amazon finds itself in a legal tussle over alleged predatory discounting of GOQii wearable tech pieces.

Global Markets

Big Modi Victory Pushes Indian Stocks to Best Week in Two Months

As Prime Minister Narendra Modi cruised to his second successive landslide victory, Indian equities climbed, sending key gauges to their best weekly gains in more than two months.

Global Markets

India's New E-Commerce Restrictions Could Hit Online Sales

Changes in the way e-commerce firms in India can sell products could reduce online sales by $46 billion by 2022, according to a PwC draft analysis.

Luxury

Seizing the India Opportunity

The chief executive of the fashion division of Reliance Industries, India’s largest private sector conglomerate with consolidated turnover of $63 billion, talks about seizing opportunities in the fastest-growing major economy in the world.