SINGAPORE - Oil prices fell on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.
REUTERS - Textile maker Arvind Ltd said on Monday its lifestyle brands subsidiary would pay $3.2 million to Ralph Lauren to settle a lawsuit the US-based luxury fashion house filed in 2013.
Over a dozen debt-laden farmers have committed suicide in recent weeks in India, and discontent in many rural areas against government policies is turning into anger against Narendra Modi less than a year after he swept into office. Unseasonal storms have badly damaged the winter crop in large parts of the fertile northern plains, most likely contributing to the suicides. Full Article
U.S. coding site GitHub said on Sunday that it was deflecting most of the traffic from a days-long cyber attack that had caused intermittent outages for the social coding site, with the Wall Street Journal citing China as the source of the attack. The attack took the form of a flood of traffic, known as a distributed denial of service, or DDoS, attack. Those kinds of attacks are among the most common on the Internet. Story
Jeffrey Katzenberg must be breathing a huge sigh of relief after the embattled DreamWorks Animation chief scored a much needed box office win with the release of “Home.” The family film was the weekend’s top ticket seller pulling in a sterling $54 million. Story
India’s effort to break the old boys’ club is producing bizarre outcomes. Tycoons have responded to a requirement that they have at least one female board member by April 1 by appointing their wives and even stepmothers as directors. India’s corporate governance has room for improvement and gender diversity at the top can improve financial returns. But mandating change isn’t the answer. Full Article
The e-commerce industry in India is expected to cross $100 billion in the next four years. Can designer wear be successful in the medium that attracts many of its users because of discounts? Vikas Purohit, head of fashion at Amazon India, foresees the country’s top designers creating products especially suited to online retail. Full Article
Cinderella marriages are getting to be as rare as golden coaches. Economist Jeremy Greenwood has found that your chances of marrying outside your income bracket have been dropping since the 1950s because of something called assortive mating, which means that we are increasingly drawn to people in similar circumstances. Inequality has grown and mobility has stalled. Commentary
Nine hospital beds in a row and imaginary patients hooked up to intravenous drips. Not the usual setting for a fashion catwalk. But designer Rajesh Pratap Singh returned to his roots for the inaugural show of the Amazon India Fashion Week in New Delhi. Singh, who grew up in a family of doctors, said his show was a tribute to healthcare professionals. Full Article