Oil India has reported its highest net profit since its inception with a jump of 75.20 per cent year-on-year to Rs 6,810.40 crore for the fiscal 2022-23, on the back of higher operating income and growth in oil and gas production. During the last fiscal, the company also reported the highest-ever pipeline throughput of 8.19 […]
Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours circulating on Chinese social media in recent days that the company planned to cut 20 per cent of its workers. In a post on the firm’s official Weibo account, Alibaba said that among the 15,000, more than 3,000 people […]
Reliance Consumer Products (RCPL) has announced its foray into the western snacks category with the launch of Alan’s Bugles in India. RCPL is the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL). With this, consumers in India will be able to purchase Bugles products. The international corn chips snacks brand with […]
India and the Central American Integration System (SICA) are in the final stages of negotiating the free trade agreement (FTA), said Omar Lisandro Castaneda Solares, Guatemala’s Ambassador to India on Thursday. “We are at the final stage of negotiating this agreement and I expect this to be implemented in the coming months, even before the […]
In an exclusive conversation with BW Retail World, Vikesh Shah, the founder and CEO of QSR chain 99 Pancakes revealed the company’s expansion plans, revenue targets and some other exciting details of the brand. After establishing its presence in Australia, 99 Pancakes is considering expanding its chain in the country as the company is pleased […]
After the acquisition of a controlling stake in Lotus Chocolate Company (LOTUS) on 29 December 2022, Reliance Consumer Products (RCPL), the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures (RRVL) has completed the acquisition of a 51 per cent controlling stake in LOTUS for an aggregate consideration of Rs 74 crore. Subscribed to […]
Bikano has launched a range of frozen products in the international market, aiming for a 40 per cent YoY growth from the export market. With this move, Bikano seeks to tap opportunities in the international market and has high hopes of touching 200 crores in terms of sales in FY23-24. “The demand for Bikano products […]
Reliance Retail and Jio are best-positioned players in the largest and fastest-growing e-commerce market in the long term, according to brokerage Berstein. In a report ‘The Long View: India eCommerce – A 150 bn dollar market. Three players. One Disruptive Playbook’, the brokerage said that Reliance Retail and Jio have several advantages including “home field […]
Hammer, a consumer tech brand announced the launch of three earbuds and an innovative smartwatch. These additions to the catalog are designed to elevate the audio experience and redefine interaction with technology. Rohit Nandwani, Founder and COO of HAMMER, stated that “We are thrilled to introduce these groundbreaking products to our valued customers. Our team […]
Reliance Retail has generated net new employment opportunities for 2,500 individuals in January 2023 alone, according to media sources. However, market sources indicate that 567 people have resigned on performance grounds and are currently serving their notice periods since April 2023. Market sources argue that emphasising the 567 performance-based exits, which account for less than […]
