Flipkart hearing which alleges Flipkart of contravention of foreign investment norms. The court asked the Reserve Bank of India to provide the latest circular on foreign investment policy. In January 2016, the Department of Industrial Policy and Promotion (DIPP) clarified that it does not recognise the marketplace model of online retail. In February 2016, Health Minister, J P Nadda, informed that the Maharashtra FDA had taken action against Flipkart, among others, for selling drugs without valid license. Flipkart maintains several house brands, including Citron (home appliances) and Digiflip (formerly for electronics and accessories). In 2017, Flipkart launched additional brands, including Billion
Gadzooks (retailer) Gadzooks (retailer) Gadzooks, Inc. was a mall-based teenage clothing retailer. It was acquired by Forever 21 in 2005 and then shut down. The company logo included the Volkswagen Beetle and all stores had a life-size version of part of a Beetle inside. The company was founded in 1983 as a T-shirt business by Jerry Szczepanski and Larry Titus. The first store was in Mesquite, Texas. By 1992, the company had 33 stores in Texas. In 1995, the company became a public company via an initial public offering and within 3 months, the share price quadrupled from $15 to $61. That