In 2017, Nike’s Pro Hijab first became available on the global market. The moisture-wicking head covering made sports more comfortable and accessible for competitive female Muslim athletes, a group long overlooked by major athletic wear brands. The winner of Fast Company‘s top design award that year, it has gone on to be a hit: According to Morocco World News, sales of the design rose 125% in the first quarter of 2019. advertisement advertisement Now, Nike is releasing yet another garment for Muslim women: a modesty swimsuit. Technically the suit is made up of separate pieces: a hijab, a tunic, and pants. “We really love to design products for athletes [especially] when we see an underutilized part of the market, or when people can’t participate in the area they want to participate in,” says Martha Moore, creative director vice president at Nike, via Skype call. “We were fortunate enough to travel to southeast Asia, and do that thing … [Read more...] about Nike debuts a groundbreaking new modesty swimsuit
New thai king
Sounak MitraOrganised retail is reaching an inflection point. The sector is gaining critical mass and is consolidating, as evidenced by the flurry of recent deals. In August alone, Walmart picked up 77 percent stake in Flipkart for $16 billion, Warren Buffett agreed to invest in Paytm, and China's Alibaba invested $300 million in online grocery retailer BigBasket. Besides, Ikea opened its first store in the country.It is not exactly a surprise. Organised retail has started getting more interest from global biggies after the implementation of the goods and services tax (GST), which has minimised cash dealings (without bills, or fake bills), made retailing more structured, and made the supply chain less cumbersome, among other things. While this has made lives difficult for small and medium-scale retailers (including neighbourhood stores), it has surely enhanced scope for big companies who constitute organised retail.Besides, it has paved the way for integration of online and … [Read more...] about Opinion | Organised retail can become the new sunrise sector, but retailers need to adapt to hybrid model
Yamaha’s YZF-R15 V3 recently joined the bandwagon of BSVI-compliant vehicles, as the updated version was launched by the Japanese motorcycle manufacturer yesterday. The motorcycle gets a new colour scheme along with a BSVI-compliant engine.Since Yamaha had to alter the engine to manage its emissions, the new motor makes 0.7 PS and 0.6 Nm less than its predecessor. The BSVI motor makes 18.6 PS of maximum power and 14.7 Nm of peak torque. However, its rev range and torque band remain unchanged. It also carries forward its 6-speed manual transmission with a slip-and-assist clutch.The motorcycle also gets a new radial rear tyre, though the rest of the underpinnings remain the same. It gets a pair of telescopic forks in the front and a monoshock at the back while braking duties are handled by single discs on both ends. The motorcycle also gets a dual-channel ABS unit as standard. The bike also still retains its kerb weight of 142 kilos.Close In addition to the mechanical changes, … [Read more...] about Yamaha launches BSVI YZF-R15: What has changed?
Share prices of insurance companies rallied 2-8 percent in the morning trade on December 10 after a media report said that the government may raise the foreign direct investment (FDI) limit in the sector.HDFC Life Insurance Company, SBI Life Insurance Company and ICICI Prudential Life Insurance Company gained more than 2 percent each, while General Insurance Corporation of India climbed 4 percent and New India Assurance Company rose 7.8 percent."The government may raise the overseas investment limit in insurance to 74 percent in the February budget, up from 49 percent now, possibly paving the way for foreign control of companies," The Economic Times quoted people with knowledge of the matter as saying.Close The Insurance Regulatory and Development Authority of India (IRDAI) sought the views of stakeholders in a December 2 letter on the direction of the government. The letter, to insurance companies and others, has called for suggestions on raising the FDI … [Read more...] about Insurance stocks gain 2-8% on report of likely increase in FDI limit
Aditya Birla Fashion and Retail Ltd on Tuesday said that its board has approved the appointment of Himanshu Kapania as vice chairman of the company with effect from January 1."The board of directors vide their resolution dated December 10, 2019, has approved the appointment of Himanshu Kapania as an additional (non-executive) director and vice-chairman of the company wef January 1, 2020, liable to retire by rotation," the company said in a regulatory filing.The development is subject to the approval of the shareholders at the ensuing thirteenth annual general meeting of the company, the filing said.Close Kapania, an alumnus of IIM Bangalore and BIT Mesra, is the former Managing Director of erstwhile Idea Cellular renamed 'Vodafone Idea Ltd' after merger with Vodafone India and is presently on the board of the new mobile company. related news AGR imbroglio | DoT asks telcos to pay dues on time, clear doubts by Dec 13: Report Anti-diabetes drug Vildagliptin to become 80% … [Read more...] about Aditya Birla Fashion gets board nod for appointment of Himanshu Kapania as Vice Chairman