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It is alleged that Magadh University VC made illegal purchases worth over Rs 20 crore.
The Special Vigilance Unit (SVU) of the Bihar Police on Wednesday conducted searches at the office and residence of Magadh University vice-chancellor Rajendra Prasad in Bodh Gaya in connection with a corruption case, officials said.
Searches were also conducted at the premises of Subodh Kumar, the assistant of the VC, they said.
A case has been against Prasad and others under IPC sections 120B (criminal conspiracy) and 420 (cheating), besides relevant sections of the Prevention of Corruption Act, 1988, they added.
During the searches, several documents and other crucial evidence were found, and are being scrutinised, officials said.
It is alleged that Prasad made illegal purchases worth over Rs 20 crore, officials said.
He allegedly made the purchases since his tenure as the vice-chancellor of Veer Kunwar Singh University in Arrah.
The distinct trends in the macroeconomic scenario, the favorable demographic dividend, retail specific policies, and consumer buying behaviour, have triggered a transformation in the fashion retail market which is also reflected in the changes undergone by the Indian retail industry according to Technopak.
Over the years the fashion business has seen a peak for many. The age of internet has been such a catalyst that has lead not only Vajor but many other brands to reach where they are and to be able to expand and reach to newer heights. Vajor has been able to adapt and incorporate technology within its sphere to a great extent. Even though Vajor launched as an e-commerce brand, today its blurring the lines between online and offl ine. Vajor store are the perfect take at a next-gen omni channel experience.
22 AMEET PANCHAL, DIRECTOR, ETHNICITYA successful intrapreneur, Ameet Panchal is a firm believer of design thinking and has a successful record of achieving exceptional results in competitive environments that demand continuous innovations. Ameet has over three decades of innovative and result oriented leader in the fashion industry. He is a firm believer of design thinking and has a successful record of achieving exceptional results in competitive environments that demand continuous innovations.
India is being recognised and known for its heritage and culture. We are known for our gorgeous textiles, handicrafts, the skills of our artisans and the diversity of inspiration. The key lies in recognising the potential of everything that lies at our core and banking on the fact that today is the perfect time for us, owing to the consumers already being on the hunt for all things rich and authentic.
If one doesn’t have support from the government to build infrastructure/ transportation facility around a newly developed unit then it becomes absolutely difficult to run the set up and we have seen such instances a few times already. Apart from this other roadblocks can be unfriendly banking support to run the business. Labour laws also need to be re-looked at to have a balanced approach rather than heavy support only to one party which is not fair.
It was while serving during World War II at Imphal in India, that the founder of Wacoal, Koichi Tsukamoto, realised the importance of innerwear and more than that, the introduction of comfort as an important factor. Post the war with more women taking up roles and duties beyond being housewives and the westernisation of women’s clothing, the need for good looking yet comfortable lingerie started being felt acutely. Tsukamoto wanted all women to feel beautiful and confident, and this became the base of his concept of introducing lingerie brand Wacoal in 1947. Over the years, Wacoal – which operates in over 70 countries – has risen to become the number one brand in the lingerie segment in Japan. Other big markets for the brand include US, the UK and China.
Explaining this further, Ravikant Prakash, Design Head India, Arvind Ltd says, “If you take global average into account, it takes 70 litres of water to make a pair of jeans from denim. However, by using many innovative technologies which helps to reduce water imprint by 95 percent, heading down that persevering road, it is now manageable to bring down this production cycle to a single glass of water per jeans.”
A fair section of brands and retailers tend to be hesitant when it comes to selling products cross border as a result of questions pertaining to logistics, customs, etc. “Don’t let that stop you, instead, hire people who can help you out. Think of building international experiences by building a local user experience. Your website in Japan should look very different than the one you have in India. Brands need to understand their customers in each of these geographies and then expanding as you improvise on each of your leanings,” he added.