Aditya Birla Fashion and Retail (ABFRL) acquires Jaypore

Aditya Birla Fashion and Retail Ltd (ABFRL), which retails brands such as Louis Philippe, Peter England and Van Heusen, has acquired ethnic apparel and lifestyle retailer Jaypore for ?110 crore, the company said in a filing to the stock exchange on Monday.

The deal will help ABFRL that also retails men and women’s western wear to tap into the fast-growing ethnic apparel market.

AFD a French development agency to finance upto 7,00,000 EURO to IRSDC

Indian Railway Station Development Corporation (IRSDC) entered a Tripartite Agreement with French Railways (SNCF) & AFD, a French Agency which will finance up to 7,00,000 EURO, through French National Railways (SNCF)-Hubs and Connexions as a Technical Partner to IRSDC to support the Railway Station Development Program in India, so there will be no financial liability on IRSDC or Indian Railways.

Amazon dethrones Google as top global brand: 100 Top BrandZ report

According to global market research agency Kantar in its 2019’s ‘100 Top BrandZ Report’, US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world’s most valuable brand.

The brand value of Amazon surged by 52 percent to $315 billion, hence jumping from third to first place to replace Google.