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Reliance Retail on Monday announced to bring 'essence', Europe's leading cosmetics brand by units sold, to the Indian market, a move which will help the growing beauty business of country's leading retailer. It has entered into an exclusive distribution partnership with cosnova Beauty, the Germany-based global cosmetics company, said a statement from Reliance Retail. "The collaboration strengthens RRL's growing beauty portfolio and will introduce essence's vibrant range of high-quality, affordable, and cruelty-free makeup products to consumers across India," it said. It will available on the Reliance Retail's integrated omnichannel ecosystem, making the essence range of products accessible across online platforms, beauty stores, and partner retail formats. "As the official distributor, RRL will expand the brand's reach across premier beauty destinations throughout India," it said. Founded in Germany in 2002, essence is sold in around 90 countries. Its over 80 per cent products are
India and Germany on Thursday discussed ways to enhance cooperation in areas including trade, investment, technology, green energy, and skilling. These issues were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and German Federal Minister of Economy and Energy Katherina Reich in Berlin. "The discussions focussed on enhancing cooperation in trade, investment, technology, green energy, and skilling," the commerce ministry said. Goyal also met Levin Holle, Economic and Financial Policy Advisor at the Federal Chancellery and Germany's G7 and G20 Sherpa, and discussed ways to further deepen the bilateral economic relationship. He chaired a roundtable with CEOs and leaders of German Mittelstand companies at the Indian Embassy, who conveyed their keenness to do business in India and expand existing investments. The minister highlighted opportunities offered by India and the measures taken by India to facilitate investments and ease of doing business. The
A delegation from Jindal Steel International is expected to visit Germany soon to evaluate various financial and operational aspects of thyssenkrupp Steel's assets, in which the Naveen Jindal-led group entity has expressed interest. In September, Jindal Steel International submitted a non-binding offer to thyssenkrupp AG and initiated discussions for the potential acquisition of its steel division. According to industry sources, the company is now preparing to send representatives to Germany to conduct an in-depth assessment of the thyssenkrupp Steel facilities. The evaluation will include a technical review of plant machinery and a broader analysis of the business operations. Sources added that discussions may also be held with workers at the site, as thyssenkrupp Steel is believed to carry a pension liability of approximately 2.7 billion euros. The steel facility in question, located in Duisburgabout 550 km from Berlinhas an annual production capacity of around 11 million tonnes
Iran on Saturday recalled its ambassadors to France, Germany and the United Kingdom ahead of United Nations sanctions over its nuclear programme being reimplemented. The three nations had pushed forward what diplomats refer to as snapback sanctions on Iran over it not cooperating with the International Atomic Energy Agency and not holding direct talks with the United States. Iran's state-run IRNA news agency reported the move, saying the ambassadors would be recalled for consultations. The sanctions are due to resume at 0000 GMT Sunday (8 pm Eastern Saturday). The measure will again freeze Iranian assets abroad, halt arms deals with Tehran, and penalise any development of Iran's ballistic missile programme, among other measures.
Germany has committed billions to beefing up its military's equipment after years of neglect. Now it's trying to persuade more people to join up and serve. More than 3 years after Russia's full-scale invasion of Ukraine kick-started efforts to revitalise the Bundeswehr, the challenge of strengthening the German military has grown along with fears of the threat from Moscow. Alongside the higher military spending that Germany and NATO allies agreed on this year, the alliance is encouraging members to increase personnel numbers. Berlin wants to add tens of thousands of service members. Chancellor Friedrich Merz says that because of its size and its economic strength, Germany is the country that must have the strongest conventional army in NATO on the European side. He hasn't defined that goal in detail, but the tone underscores a shift in a country that emerged only gradually from its post-World War II military reticence after reunification in 1990. Earlier this month, the military's