The Indian retail market is expected to grow to USD 1.5 trillion by 2030, up from USD 0.793 trillion in 2020, due to factors such as urbanisation and income growth. The Indian e-commerce industry, on the other hand, is expected to surpass USD 350 billion by 2030, growing at a Compound annual growth rate (CAGR) […]
Debt-ridden Future Lifestyle Fashion announced on Monday that its total outstanding debt has been reduced to Rs 1,827.82 crore as of 31 December 2022, with a total default of Rs 1,465.67 crore. Future Lifestyle Fashion’s default of Rs 1,465.67 crore is “comprising the persisting default” of Rs 436.01 crore for the September 2022 quarter, according […]
ITC Engage, one of India’s leading fragrance brands, expands its premium portfolio with the launch of One Soul, its first gender-neutral fragrance. With the release of this one-of-a-kind, gender-free fragrance, the brand hopes to break down gender barriers and celebrate inclusive grooming. Inspired by the blue skies and open spaces, One Soul matches the free […]
Bacardi India has launched an e-commerce platform, Legacy Collective, to bring together homegrown legacy Indian brands, according to a press release issued on Tuesday. The platform will feature an exclusive selection of homegrown Indian products, with the goal of creating a new legacy for India’s future lifestyle. It has collaborated with Isak Fragrances, an artisanal […]
Organised jewellery retailers in India are expected to continue outpacing the industry over the medium term, owing to industry tailwinds such as an accelerated shift in market demand from unorganised retailers and planned expansion of retail presence to capitalise on the tailwinds, according to credit rating agency ICRA. In its most recent research report, the […]
Tata Group is on the point of acquiring a significant plant in southern India, creating the country’s first homegrown iPhone manufacturer. According to two people familiar with the process, the airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron, for months and hopes to complete the purchase by the end of March. […]
Adidas has filed a lawsuit against Thom Browne, an American luxury fashion house, for trademark infringement. The former has claimed that Browne’s use of parallel stripes violates its trademarked three-stripe branding. According to reports, Adidas filed a lawsuit against Browne in June 2021, claiming that the latter’s four-stripe designs are confusingly similar to the company’s […]
The US Federal Trade Commission (FTC) is investigating Coca-Cola Co and PepsiCo for potential price discrimination in the soft drink market, Politico reported on Monday, citing sources. According to the report, both companies’ pricing strategies are being scrutinised under the Robinson-Patman Act. The antitrust laws of the United States prohibit large franchises and chains from […]
Delhivery and the Good Glamm Group collaboratively identified improvement areas in both networks to implement tailored supply chain solutions The Good Glamm Group, South Asia’s content-to commerce conglomerate, has further extended its partnership with Delhivery, India’s fully integrated logistics provider, to implement end-to-end supply chain solutions and increase its customer satisfaction, as per the regulatory […]
JSW Steel reported 6.24 million tonnes of group combined crude steel production in Q3 FY23, representing a 17 per cent year on year (YoY) increase, including production at jointly controlled entities. Production increased by 10 per cent quarter on quarter (QoQ) due to improved average capacity utilisation at JSW Steel and Bhushan Power & Steel […]
