Panasonic unveiled their air conditioner lineup for 2024 on Monday, with 60 new models, the majority of which are inverter ACs. Panasonic Life Solutions India (PLSIND) recently announced the launch of India’s first matter-enabled room air conditioners, which are driven by its IoT platform Miraie. A matter-enabled gadget may be configured in a matter of […]
Conscious Chemist, a Shark Tank-featured skincare firm, has obtained Rs 10 crore in debt finance from Recur Club, according to a press statement. The funds will be used to market the brand, expand its product categories, and open physical retail stores. “Capital from Recur Club will enable us to execute our business plan, achieving over […]
Retail inflation in India declined to 5.10 per cent in January due to an easing in food prices, according to the data released by the government on Monday. Inflation based on the Consumer Price Index (CPI) was 5.69 per cent in December last year. It was 6.52 per cent in January 2023. National Statistical Office […]
Indian stock indices started Tuesday’s session marginally in the green, bucking the trend from the previous session where they declined substantially due to profit booking and volatile global markets. Ease in domestic retail inflation also somewhat supported the indices today. Retail inflation in India eased in January to 5.10 per cent on an annual basis […]
Amazon founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for over USD 2 billion, according to a company filing on Friday, shortly after laying out a plan to sell his shares over the next year. The sale took place on Wednesday and Thursday, according to the fillings. Last week, Amazon […]
FMCG major Emami reported an 11.88 per cent increase in consolidated profit after tax to Rs 260.65 crore for the December quarter of 2023-24, aided by improved margins due to lower input prices. According to the company’s regulatory filing, the business had a net profit of Rs 232.97 crore in the October-December fiscal year 23. […]
Honasa Consumer, which owns and runs Mamaearth, recorded a 265 per cent increase in total net profit of Rs 26 crore for the quarter ended December. It cost Rs 7.1 crore a year ago. Revenue from operations in the third quarter climbed 28 per cent year on year (YoY) to Rs 488 crore, up from […]
PepsiCo, a global beverage and food company, said on Friday that it expects “mid-single-digit” growth in the Indian market in 2023. According to the most recent financial report, PepsiCo’s global net sales will be USD 91.47 billion in 2023, representing a 5.9 per cent increase. PepsiCo stated that developing and emerging markets, including “China and […]
Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, revealed its largest quarterly earnings drop since going public in 2021, hampered by local competition and inflation-weary consumers cutting back on fast food spending. The Yum Brands franchisee’s overall net profit plummeted roughly 69 per cent to 101.4 million rupees (USD 1.22 million) in the […]
L’Oreal’s fourth-quarter sales increased 6.9 per cent, slower than the previous quarter, as its travel retail division continued to suffer from changes in daigou reseller laws. The Paris-based firm, which owns brands ranging from Lancome to Maybelline, reported sales of 10.6 billion euros (USD 11.4 billion), slightly lower than average predictions of 10.9 billion euros […]
