Havmor Ice Cream, a subsidiary of the South Korean company LOTTE Confectionary, has committed to invest Rs 450 crores over 5 years. This investment comes four years after LOTTE Confectionery acquired Havmor Ice Cream for Rs 1000 crores in December 2017. Havmor Ice Cream is one of India’s fastest-growing ice cream brand with a strong […]
WOW Skin Science, a D2C and personal care business, has joined the Open Network for Digital Commerce (ONDC), a government project to democratise e-commerce in India, the firm stated in a press statement on Tuesday. WOW Skin Science co-founder Manish Chowdhary commented on the announcement, saying, “For a company that has been on an expansion […]
Smart Bazaar, Reliance Retail’s big format supermarket, has opened a shop in Gudur at PSR Mall. The store offers a one-stop shopping experience by bringing together a diverse selection of items under one roof, including groceries, fruits and vegetables, dairy, kitchenware, homeware, fashion, and consumer electronics. Smart Bazaar, which spans 15,000 square feet of retail […]
Spencer’s Retail launched its new format chain, ‘Spencer’s Value Market,’ on Monday, aimed at value-conscious shoppers. The company, which is part of the RP-Sanjiv Goenka Group, will launch new locations in six South Indian towns this month. The company operates over 185 locations that cater to the mid to luxury sectors. Spencer’s Value Market is […]
Sainsbury’s, the UK’s second largest supermarket chain, has partnered with online meal ordering and delivery service Just Eat Takeaway to provide speedier home delivery for groceries across the nation. Using the Just Eat app, customers will be able to order things from Sainsbury’s for delivery in under 30 minutes. The cooperation will begin with more […]
Avenue Supermarts, the operator of the DMart retail chain, announced a 6.6 per cent increase in consolidated post-tax profit of Rs 590 crore for the quarter ending December 2022, compared to Rs 553 crore the previous year. Total revenue for the October-December quarter was Rs 11,569 crore, up from Rs 9,218 crore in the same […]
In a trade update, DFS stated that group order intake for the 26-week financial reporting period ending 25 December 2022 was up 10.6 per cent compared to the same time before the pandemic, but down 4.8 per cent compared to the previous fiscal year. Group total sales increased 9.6 per cent compared to the previous […]
GTPL Hathway fell 4.16 per cent to Rs 132.35 as the company’s consolidated net profit fell 31.3 per cent to Rs 37.57 crore in quarter three(Q3) financial year (FY)23, compared to Rs 54.65 crore in Q3 FY22. In the quarter ended 31 December 2022, revenue from operations increased 14.44 per cent year on year to […]
The food regulator Food Safety and Standards Authority of India (FSSAI) has issued comprehensive standards for identifying basmati rice. Basmati rice should retain its natural fragrance characteristics while containing no artificial colouring, polishing agents, or fragrances, as per ministry statement. These standards, which have been announced, will go into effect in August this year. Brown […]
The Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger of multiplex operators PVR and INOX on Thursday. “We are pleased to inform you that the NCLT, Mumbai Bench, has approved the Proposed Scheme today, January 12, 2023. The Company is awaiting a copy of the detailed order, which will be disclosed […]
