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American brand Aéropostale comes to India

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Source - en.wikipedia.org

New Delhi: American youth brand Aéropostale opened doors in India with its first flagship store at Select City Walk here. The outlet was inaugurated by Bollywood actress Sonam Kapoor.

Arvind Lifestyle Brands Ltd launched the brand in India on Saturday. The store offers a wide range of clothing and accessories from their fall- winter 2015 collection for men and women.

“We are excited to bring Aéropostale, the iconic American brand to India’s youth. We are thrilled to have partnered with Arvind Lifestyle Brands Limited. Arvind brings tremendous knowledge and expertise to building brands and operating licensed stores in India.

Aéropostale plans to expand throughout India through its partnership with Arvind Lifestyle Brands Ltd. And the expansion plans include the opening of approximately 30 standalone stores and 25 shop-in-shop locations over the next three years.

Known for its jeans, hoodies and t-shirts, Aéropostale will target 14 to 25-year-old young women and men in India.

“We look forward to this exciting launch and continuing our rapid growth throughout the country,” Kenneth Ohashi, senior vice president, International and Global Licensing at Aéropostale, Inc. said in a statement.

(Photo Courtesy: en.wikipedia.org)

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Nepal’s Central Bank Announces Ban of Indian Notes Above Rs 100

Currently, only the notes with a denomination of Rs 100 and below are freely exchangeable in Nepal

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Indian Currency. Pixabay

Nepal’s central bank has announced the ban of Indian currency notes with denominations above Rs 100.

The Nepal Rastra Bank (NRB) on Sunday issued a circular for the institutions licensed by it notifying them about the ban, reports Xinhua news agency.

Authorised to Issue Currency Notes.
Rs. 2000 note was issued by RBI who maynot ahve been Authorised to Issue Currency Notes. Wikimedia.

Nepal’s cabinet in December had decided to ban the use of these currency notes.

The decision to ban these notes has come a time when the NRB has requested the Reserve Bank of India (RBI) arequesting the latter to allow Nepal to use currency notes with all denominations.

Also Read- Sabarimala Tantri Gets More Time to Explain Purification Rituals

Currently, only the notes with a denomination of Rs 100 and below are freely exchangeable in Nepal. (IANS)