Bennett, Coleman & Co Ltd (BCCL) has acquired a stake in G J Freedom Fashions (GJFFL), a subsidiary of Gini & Jony – one of India's leading garment manufacturers, retailers & distributors of premium lifestyle kidswear. “Gini & Jony'' business activities primarily includes designing, manufacturing, branding and distribution of garments and lifestyle accessories for kids, under various brands through exclusive brand outlets (EBOs), large format stores (LFS), dealer distributor network (MBOs) and factory sales outlets (FSO). Brand “Gini & Jony'' is one of the leading kidswear brands in the country. […]

ING Groep NV remains committed to its India operations and continues to have long-term business prospects in the country, a senior executive of the Netherlands-based financial services firm said today. Refuting reports in the media that the group plans to divest its holding in ING Vysya Bank and is seeking buyers for the same, Eli Leenaars, executive board member of ING Group said, “ING remains committed to ING Vysya Bank and considers it as one of the selective growth options as described in ING Groups strategy update. ING would like to put to rest any market speculation to the contrary.” […]