India’s manufacturing sector showcased encouraging growth in May and painted a positive picture for the industry. According to S&P Global’s India Manufacturing Purchasing Managers’ Index, it rose from 57.2 in April to 58.7 in May, indicating the most robust improvement in the health of the sector since October 2020 or a 31-month high. Not only […]
The retail business in India has expanded dramatically in recent years. Technological advancements are causing substantial changes in the Indian retail sector. The influence on retail jobs is apparent as automation, AI, and e-commerce gain pace. Whereas tech increases productivity and convenience, it also undermines conventional job positions, raising issues related to joblessness and the potential […]
Lee and Wrangler, both American denim and casual lifestyle apparel brand, has seen over 130 per cent year-on-year (YoY) growth for the financial year (FY) 2023 in India, said Nitin Chhabra, Chief Executive Officer (CEO) of ace turtle in an exclusive interview with BW Retail World. ace turtle, India’s tech-native retail company and is vertically […]
Vijay Sales, a consumer electronics retailer’s a major growth driver is the kitchen segment, following the wearables segments which include smartwatches, fitness trackers and other wearable devices. The Indian wearables market reported 80.9 per cent year-on-year (YoY) growth in first quarter of the year 2023. While talking about the growing wearable market in India, Nilesh […]
UBON, a consumer electronics brand in India has got its roots in the Tier 2, Tier 3 and Tier 4 markets, says its Co-founder & MD, Mandeep Arora in an exclusive interview with BW Retail World. “We have found our niche in go-to-market (GTM), specifically in tier 2, tier 3 and tier 4 segments, we […]
“Nonwoven solutions company TWE Group partnered with Obeetee Textiles to reshape the nonwoven industry landscape. Ingo Soller, General Manager at TWE, said, ‘This partnership brings together our shared vision, complementary strengths, and extensive industry knowledge. We are confident that the joint venture will unlock new opportunities, drive innovation, and create long-term value for our customers […]
In a significant move towards establishing India as a global electronics powerhouse, the Indian government has initiated a pilot project called Electronics Repair Services Outsourcing (ERSO). The concerted effort seeks to make India the most appealing destination for outsourcing repair services for ICT products on a global scale. After consultations with the repair industry, MeitY […]
India’s economy continued to show resilience and strong growth in the fourth quarter of the fiscal year 2022-23, outpacing forecasts with a spectacular expansion of 6.1 per cent, according to Khalsa Vox. With a total size of USD 3.3 trillion, this exceptional accomplishment has increased the yearly growth rate to an astonishing 7.2 per cent, […]
San Francisco-based customer relationship management (CRM) leader Salesforce reported its first quarter fiscal 2024 results, reflecting an 11 per cent rise in revenue, which marked the company’s slowest pace of growth in 13 years. Shares of Salesforce fell nearly 5 per cent in after-hours trading following the results announcement, despite having surged by over two-thirds […]
India’s exports of goods are projected to grow at an average annual rate of 7.5 per cent (outpacing the global average of 5 per cent) to reach USD 773 billion by 2030 from USD 401 billion in 2021, said Standard Chartered in a report. In a research report titled ‘Future of trade: New opportunities in […]
