The move pits Tata against LVMH's Sephora and Indian rival Nykaa for a share of the fast-growing $16 billion beauty & personal care market in the world's 2nd most populous country.
Falguni Nayar, the online retailer founder and CEO, said the two companies would together build a multi-brand beauty retail business with Nykaa holding a 55% stake of the entity.
Peeperly offers a wide range of beauty and lifestyle products, from customizable face masks, car perfumes and keyrings, to mask chains that help you up your style game.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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