Selling India's costliest soap at Rs.720, Karnataka Soaps & Detergents hopes to earn around Rs.35 crore from this newly-launched super premium product next year, a senior company official said Monday.
Gitanjali Gems, India's largest jewellery retailer, is close to acquiring a jewellery retail company in China and hopes to announce a deal in the next 2-3 months, a top official said.
Frette has entered into the Indian market with the opening of its first store in Mumbai and is eyeing a revenue of USD 20 million from here in three years.
An election-bound Gujarat government tried to appease the common man but distanced itself from the business community whose major demands were ignored in the state budget presented on Friday.
IAHC suggested that the government hold jewellers as accountable as the certification firm when a jewellery item fails a test of gold purity standards.
A huge growth potential is foreseen in the market as more and more people are buying branded products and apparels and exhibit a strong desire for individuality.