NIFT may be South Asias fashion tech hub
After the IIMs and IITs, India may soon add yet another big brand to its list of educational institutions. The countrys premier fashion design institute, National Institute of Fashion Technology (NIFT) is poised to become a hub for fashion technology for South Asia.
The institute is getting enquiries from not just the neighbouring countries, but also from Europe and Africa. Sri Lanka, Nepal and Pakistan have approached the institute to explore the possibility of setting up a centre or some kind of tie-ups with the local institutions.
NIFT has already planned to set up two overseas centres, one each in Mauritius and Dubai, this year. We have two similar enquiries from Europe and we are evaluating the same, Gauri Kumar, director general, NIFT told ET.
More: economictimes.indiatimes.com
Related Travel Information
Report: Asias forests face threat
A shortage of wood to fuel growing demand from pulp and paper mills worldwide is forcing some companies to tap illegal sources while others are clear-cutting tropical forests, a leading conservation group charged Thursday.
In an eight-year study, the Indonesia-based Center for International Forestry Research, or CIFOR, also found that international investors have sunk US$40 billion (euro31.3 billion) worldwide into financially risky and environmentally destructive projects with little concern for their sustainability.
Financial institutions have shown a surprising lack of interest in understanding how the pulp companies requesting loans are going to get all this cheap wood, said
Markets dragged down by tech stocks
Asian technology stocks , such as South Koreas Samsung Electronics, fell on Tuesday in line with their U.S. peers as earnings worries grew after a profit warning from U.S. data storage equipment maker EMC Corp. (EMC.N: Quote, Profile, Research).
A drop in oil prices also weighed on energy stocks such as Australias Woodside Petroleum (WPL.AX: Quote, Profile, Research). U.S. crude was at $73.45 in early Asian trade, down from the record peak of $75.78 set on Friday.
By 0020 GMT, Tokyos Nikkei average < .N225> had lost 0.61 percent, due partly to falls of
Asia Declines Despite Positive Tech Review
NEW YORK (Dow Jones)--American depository receipts fell slightly Friday, with the greatest loss in Asia despite some positive technology news for LCD flat-panel makers.
The Bank of New York index of ADRs fell 0.62 to 131.07. The Latin American index climbed 1.22 to 202.00, the Asian index fell 0.77 to 127.02, and the European index fell 0.70 to 130.82.
An industry review showed LCD flat-panel displays are in stronger demand than originally expected, and two companies that benefited from the positive news were AU Optronics Corp. (AUO), which closed up 6% at $14.19, and LG
Dell's Asia push could slow with exec departures
SHANGHAI – Dell Inc.'s aggressive expansion in Asia has suffered a setback with the departure of the company's top regional executive to an upstart Chinese rival – its second high level departure in the past two months.
A Dell spokeswoman said Steve Felice will take over as sole head of the company's Asian operations, following the departure on Tuesday of long-serving chief William Amelio, who left to take over as chief executive for Lenovo Group Ltd.
Dell shares dropped 1 percent on the trading day after the change was announced, counter to a
Retailers hit at EU tariff on shoe imports from Asia
One of the UK’s biggest shoe sellers has had a hit this season with its must-have patent yellow flats, which so resemble those from Marc Jacobs’ spring line they could have just stepped off the catwalk.
While the designer pair costs more than £200 ($350, €286), New Look’s, in red, green or yellow, cost just £25 – less expensive than even a few years ago, when Malcolm Collins, the fashion chain’s buying director, says the same style of leather shoe would have sold for at least £28.
Such bargains could soon