Ecommerce giant Flipkart on Sunday said that its 10th edition of “The Big Billion Days” sale garnered 1.4 billion customer visits during the early access and the first seven days of the festive sales. The company said it extended its services to remote regions of the country this year, ensuring that customers in Andaman, Hayuliang […]
Delta Corp disclosed in a regulatory filing on 14 October that it has received further notifications concerning alleged Goods and Services Tax (GST) shortfalls, amounting to a total of Rs 6,384 crore. The claims within these notices are primarily calculated based on the overall wagering value of all games played during the relevant period. “The […]
According to media reports, Oyo, the hospitality unicorn, is seeking to secure USD 250 million in funding from investors amidst the delay of its initial public offering (IPO). A significant portion of this capital will be allocated to settling its USD 660 million term loan B. To make the funding round more appealing, Oyo plans […]
Zomato has expanded into the logistics sector through its ‘Xtreme’ brand as part of its strategy to diversify its revenue streams. The newly introduced service is now accessible on the Android platform and is primarily aimed at catering to merchants. Zomato’s homepage describes Xtreme as a solution for merchants seeking to streamline their package delivery […]
The Confederation of All India Traders (CAIT) on Friday has said that the current festival season in India is expected to generate Rs 3 lakh crore business. Last year, the sale of festive shopping was about Rs 2.50 lakh crore. BC Bhartia, National President and Praveen Khandelwal, Secretary General, CAIT in a joint statement said, […]
The Japanese operator of the global clothing chain Uniqlo is expected to surpass last year’s record profit when it announces its results on Thursday, benefiting from a resurgence in China and the depreciation of the yen. Fast Retailing (9983.T) disclosed record third-quarter earnings in July and raised its full-year forecast as its business in China, […]
PepsiCo Inc (PEP.O) said on Tuesday its intention to implement “modest” price increases next year, despite several prior hikes. The snacks and beverages giant, home to brands like Mirinda and Gatorade, raised its 2023 profit forecast for the third consecutive time as demand remained resilient. PepsiCo’s move amidst growing concerns that frequent price hikes could […]
One97 Communications, which owns payments and financial services company Paytm on Monday announced that its wholly-owned subsidiary Paytm Payments Services, has become the first in the industry to enable merchants with alternate ID-based Guest Checkout solutions across networks. This was to allow customers to checkout as a guest without saving sensitive card details on an […]
Abu Dhabi Investment Authority is set to invest Rs 4,966.80 crore into Reliance Retail Ventures, acquiring a 0.59 per cent stake in the company, as confirmed by Reliance Industries on Friday. In a regulatory filing, Reliance Industries stated, “This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), […]
Assisted by positive macro indicators, FMCG consumption is exhibiting year-on-year improvement, although the recovery has been gradual, according to Dabur India in its quarter updates. Factors such as a mild summer and a slightly deficient monsoon have impacted this quarter. The delayed festive season this year has postponed offtake related to festivals, which will carry […]
