Forward-looking businesses across the globe are increasingly becoming concerned about sustainability issues. As climate change threatens to disrupt global supply chains and economies, there is a growing realization that sustainability and profitability should go hand-in-hand. Responsible businesses conduct a materiality assessment to gain valuable insights on the importance of environmental, social and governance issues amongst […]
The Union Budget for the fiscal year 2023-24 will be presented in Parliament on 1 February by Finance Minister Nirmala Sitharaman, and the clock has already started ticking. The retail industry has a big wish list for Budget 2023 and retailers in the country express their hopes for the industry ahead of the Budget. Electronics […]
Godrej Consumer Products reported a 3.55 percent increase in consolidated profit after tax in the third quarter ended 31 December 2022, to Rs 546.34 crore on Tuesday. Godrej Consumer Products (GCPL) reported a consolidated profit after tax of Rs 527.6 crore in the same quarter last year, according to a regulatory filing. It said that […]
Amazon India has reduced the referral fee for sellers by half to encourage new sellers to use e-commerce, according to a press statement issued on Tuesday. Sellers pay a referral fee to Amazon in exchange for enabling sales on the online marketplace. “As the new year begins, we are thrilled to announce a 50 per […]
The Board of Aditya Birla Fashion and Retail, at its meeting held today, inducted Ananya Birla and Aryaman Vikram Birla as Directors. Ananya Birla and Aryaman Vikram Birla come with rich and varied experience straddling entrepreneurship and business building. The board believes that ABFRL will benefit from their new-age insights and business acumen. Commenting on […]
Welspun India reported a 66.55 per cent drop in consolidated net profit to Rs 43.83 crore in the third quarter ended December 2022, owing to reduced sales. Welspun India reported a consolidated net profit of Rs 131.06 crore in the same period last year, according to a regulatory filing. The consolidated total income for the […]
INOX Leisure fell 1.21 per cent to Rs 495.55 after reporting a consolidated net loss of Rs 40.41 crore in Q3 FY23, compared to a loss of Rs 1.32 crore in Q3 FY22. The multiplex chain operator increased its income from operations by 73.9 per cent to Rs 515.57 crore in Q3 FY23, compared to […]
One of the leading beverages firm Wild Drum has launched its new collection of hard seltzer drinks. These carbonated drinks are vegan, gluten-free, low-calorie, fat-free, and with no preservatives and are available in four delectable flavours-Pure, Peach, Mango, and Lemon-Mint It has two different strengths of 4.75 per cent ABV and 8 per cent ABV. […]
Polling of Indian consumers and business leaders reveals that 83 per cent of consumers consider a company’s purpose when making a purchasing decision and that 83 per cent will abandon a product or business acting inconsistently with its purpose – a sign that consumers have lost patience with organizations that do not follow the principles […]
The Centre has directed enterprises to include all necessary notifications, including MRP, on the outer pack of commodities that comprise more than one pack, including gift and multi-piece packs. According to the Consumer Affairs Ministry, it will be needed for all retail commodity packaging having more than one pack, including gift and multi-piece packs. According […]
