Indian Supreme Court makes “cure or care” ruling on cosmetics and medicines
The Indian Supreme Court has ruled that cosmetic products containing two or more therapeutic ingredients should be classified as medicaments and thus taxed at a lower rate.
Archives for August 21, 2013
Indian skin lightening market slows down: has the nation finally overcome shade?
It seems the skin whitening obsession in India may have reached its limits. According to marketing research firm Nielsen, the Indian skin whitening cosmetics market experienced a 4.5 per cent negative growth in sales volume in 2012.
Macroalgae demand in Asia increases as it accounts for 84 per cent of all patents
As cosmetic consumers continue to demand more marine based products, a recent study has found Japan, China and South Korea to account for 84 per cent of all macroalgae patents whilst the overall cultivation of crops have increased by 7.5 per cent on...
Amway to open new innovation centre in South Korea
Direct sales player Amway says it is targeting the massive market growth and huge potential for further growth with the opening of a dedicated innovation centre in the country.