A recent online survey conducted by LocalCircles revealed that a majority of people would stop using UPI if a transaction fee is charged for it. The survey received over 34,000 responses from citizens in 364 districts, with 67 per cent of male respondents and 33 per cent of women. The Reserve Bank of India (RBI) […]
Godrej & Boyce is set to invest approximately Rs 40 crore over the next three years to expand its distribution network for consumer brands in tier-II and tier-III cities. The company, known for selling interior solutions, furniture, appliances and locks, aims to double its footprint to more than 400 towns by FY27 with these fresh […]
The Unified Payments Interface (UPI) service has been made available by ecommerce giant Flipkart for both online and offline payments made both inside and outside of its app. Flipkart, which says it has over 50 crore registered users and 14 lakh sellers on its marketplace, would be able to rely less on third-party UPI apps […]
Less than 3 per cent of India’s population, or 3.4 crore people, live below the USD 1.90 purchasing power parity (PPP) daily criteria for global poverty, according to data from the World Poverty Count. Further, India has seen a considerable decline in extreme poverty representing a 3 per cent decrease from 4 crore in 2023 […]
Myntra has received a significant investment of USD 54 million from its parent company, Flipkart. The injection of funds comes at a critical juncture for Myntra, as it faces intensified rivalry from competitors such as Reliance’s Ajio and Tata Cliq. The funding was disclosed through regulatory filings in Singapore and is the second such major […]
Oil marketing companies have announced a significant increase in the prices of commercial Liquified Petroleum Gas (LPG) gas cylinders, effective from 1 March. Sources reveal that the rate of 19 kg commercial LPG gas cylinders has been raised by Rs 25.50, impacting consumers across various metro cities. The revision in prices comes amid ongoing fluctuations […]
Major Chinese third-party retailers, JD.com, TMall and Pinduoduo are vying for consumers by giving even steeper discounts on Apple’s iPhone 15 just five months after its introduction, as the US tech company’s sales in China stagnate. The newest round of reductions follows similar hefty discounts provided by internet businesses in October. Third-party shops are also […]
Gopal Snacks has revealed that it will launch its initial public offering (IPO), which got regulatory permission earlier this year, on 6 March. The edition will be available for public subscription until 11 March. The price range for the public offer, which is essentially an offer for sale (OFS) of up to Rs 650 crore, will be revealed on […]
Convergent Finance LLP and private equity company Samara Capital will buy a 51.8 per cent share in Agro Tech Foods from Conagra Brands, Inc. for USD 78 million (Rs650 crore). The funds will pay an extra USD 44 million (Rs360 crore) for the remaining 26 per cent of outstanding shares through a mandated open offer. […]
Graviss Foods, the licensee of the ice cream company Baskin Robbins (BR), plans to open 1,000 outlets in India and the SAARC region by 2024, according to a press statement on Wednesday. The firm has committed Rs 100 crore to a new plant in India for 2022. With this, the firm has made its product available […]
