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Putin extended an invitation to PM Modi to visit Russia for the 22nd India-Russia Annual Summit in 2022.
Highlights Putin extends invitation to PM Modi to visit Russia for the 22nd India-Russia Annual Summit in 2022 Putin congratulated Modi for India's ongoing non-permanent membership of UNSC Both countries sign record 28 MOUs
Describing India as a "great power" and a "time-tested" friend, Russian President Vladimir Putin on Monday identified terrorism, drug trafficking and organised crime as common challenges facing both countries.
In his initial remarks during in-person talks with Prime Minister Narendra Modi here, Putin also expressed concern over the developments in Afghanistan and said India and Russia will continue to coordinate on major challenges facing the region.
PM Modi said Putin's second visit abroad during the COVID-19 pandemic reflected his personal commitment to the India-Russia ties and that the special and privileged strategic partnership between the two sides was getting stronger.
Here are the key takeaways:Russia's President Vladimir Putin extended an invitation to PM Modi to visit Russia for the 22nd India-Russia Annual Summit in 2022.The two leaders expressed satisfaction at the sustained progress in the 'Special and Privileged Strategic Partnership' between both countries despite the challenges posed by the Covid.The role of connectivity through the International North-South Transport Corridor (INSTC) and the proposed Chennai-Vladivostok Eastern Maritime Corridor figured in the discussions.The two leaders looked forward to greater inter-regional cooperation between various regions of Russia, in particular with the Russian Far East, with India's states.They agreed that both countries share common perspectives and concerns on Afghanistan and appreciated the bilateral roadmap charted out at the NSA level for consultation and cooperation on Afghanistan.They noted that both sides shared common positions on many international issues and agreed to further strengthen cooperation at multilateral fora, including at the UN Security Council.In a joint statement, the two sides stressed that partnership for peace, progress and prosperity aptly covers the state and prospects of bilateral ties.Putin congratulated Modi for India's ongoing non-permanent membership of the UN Security Council and the successful Presidency of BRICS in 2021, while Prime Minister Modi congratulated Russia for its ongoing chairmanship of the Arctic Council.
Coinciding with the visit, several government-to-government agreements and MoUs, as well as those between commercial and other organisations of both countries, were signed in different sectors such as trade, energy, science and technology, intellectual property, outer space, geological exploration, cultural exchange, education, and others.
Also Read | Putin meets PM Modi in Delhi, terms India as Russia's 'time-tested friend' | Top Points
Inputs from agencies
11 Neeru’sFrom a humble beginning of supplying raw material to fashion retailers to being reckoned as a fashion brand that is today synonymous with ethnic fashion, Neeru’s had indeed come a long way. The brand kindles fashion with its active participation in fashion weeks and close engagement with celebrity fashion influencers.
Where we do have brands offering a mix and match concept, it still remains to be seen which brand will take a lead in offering a complete range of fusion wear. So far, we see brands offering a mix of both. So we would have an ethnic wear brand like Biba offering smart tops and Fabindia offering western wear with a touch of Indian ethnic fabrics. But we are yet to see a brand with a complete portfolio of fusion wear. Going by the dynamics of fashion as seen today, fusion wear has made deep inroads in our wardrobes. And yes, this applies to men as well. It is not uncommon to see men sporting rugged pair of jeans with an ethnic kurta and mojris as their preferred footwear option!
Sarada Muraleedharan, Director General, NIFT says, “NIFT has been working with both ends of the fashion spectrum – the legacy of centuries of honed knowledge on crafts and textiles on the one hand, and modern design consciousness and global trends on the other, and believes that this is a seamless continuum of knowledge, practice and sensibility, where each end can be enhanced through understanding and interface with the other”.
He further added, “This is the first pilot store in our retail planning which is around 400 sq.ft. Going forward we are looking at around 400-500 sq.ft. of this format. And we will continue with the Jashn flagship store expansion which will be around 1,200 sq.ft. each. Today, Jashn is present in best of malls in India in 44 cities with 64 brand outlets wherein we are looking forward to add another 10 which will take the tally of the flagship stores to 70.”
Women’s wear segment of the market is mostly dominated by unorganised players in India. But, recently many organised players have started showing interest in this segment. These organised players have realised the market potential and have aggressively grown over a short span of time with the help of e-commerce and other disruptive distribution channels. Increase in number of working women has resulted in increase in disposable income which in turn has fuelled this market segment. Globalisation coupled with fast fashion has resulted in awareness on fashion trends and styling. It has been estimated that the Rs 1,02,358 crore women’s wear market will grow at a CAGR of 11 percent to reach Rs 2,89,518 crore in 2025. This growth will not only be limited to market size, but will also see a paradigm shift from non-branded to branded and ethnic wear to western wear as well.
In early 2015, propelled by the success of their web based baby care brand Babyoye, Mahindra Retail decided to launch its physical stores. In line with this, the company renamed its maternity and childcare stores as ‘Babyoye by Mahindra’, dropping the name ‘Mom & Me’. Mahindra had acquired Babyoye in early 2015 and this move was touted as the first time ever that an Indian retailer had adopted the name of an online entity for its brick and mortar stores. Later in 2016, FirstCry (BrainBees Solutions Pvt. Ltd) acquired BabyOye, with the merger, the combined entity, called FirstCry.com-A FirstCry Mahindra Venture, had its footprint across 300 physical stores in 125 cities.
According to a PTI report: The company had posted a net profit of Rs 35.85 crore in the same quarter of last fiscal. Its total income during the quarter under review stood at Rs 1,236.97 crore. It was at Rs 1,066.21 crore in the corresponding period of the last fiscal, the company said in a BSE filing.
1717 NOILaunched in 2003 by Krislon Group, NOI was conceptualised keeping the need of the modern Indian women in mind. The brand embraces multi-cultural backgrounds with a fresh perspective on feminity and tailoring. It strives to add various possibilities of everyday clothing in a new way with a collection that adds freshness and newness to the wardrobe. Moreover, the Krislon Group was established in 1971 and has made its presence felt in different industry segments in national as well as international markets.