Xiaomi India, the Chinese smartphone brand is reducing its workforce to less than 1,000 employees due to a reorganisation, a decline in market share, and increased scrutiny from government agencies, according to current and former employees of the company. At the beginning of 2023, Xiaomi India had employed around 1,400 to 1,500 people, but in […]
Procter & Gamble India will invest Rs 2000 crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The facility builds on top of P&G India’s existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat. The new facility is situated across a 50,000 sqm area […]
About 38 per cent of the Indian companies that had participated in the survey revealed that they do not have any plans to adopt digital technology for their businesses, said a report by PwC India. According to the research, digital champions from across the six sectors in India believe that being resilient, transparent and sustainable […]
DTDC Express, an integrated express logistics company, announced the opening of their latest facility at Geethanjali Industrial Park, Velappanchavadi in Chennai. According to the press note, the newly launched facility spans over 1,75,000 square feet and has 38 docks which help to optimise cross-docking efficiency. Furthermore, the hub is equipped with robust infrastructure facilitating the […]
Following Prime Minister Narendra Modi’s meeting with Micron CEO Sanjay Mehrotra, Micron Technology will invest USD 2.5 billion (INR 22,500 crore) to establish an ATMP (assembly, test, marking, and packaging) facility in Gujarat’s Sanand GIDC-II, the Gujarat government announced on Wednesday. Sanand GIDC is a highly industrialized zone in Gujarat, home to many national and […]
The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing Co. Limited by Aditya Birla Fashion and Retail Limited. The proposed combination involves the acquisition of 51 per cent of the “expanded share capital”. The acquirer Aditya Birla Fashion and Retail Limited is a listed company and is part of the Aditya […]
SUGAR Cosmetics, an omnichannel beauty brand opened its 200th exclusive brand-owned store within a year of its 100th store launch. Situated in a total retail space of 450+ sq. ft. at Mantri Square Mall, SUGAR’s 200th store creates a vibrant and immersive shopping experience for make-up enthusiasts, that houses trending picks across categories such as […]
WhatsApp Business app, which has over 200 million user base, will soon be able to create Facebook and Instagram ads to find and connect with new customers, without needing a Facebook account, Founder and CEO at Meta Mark Zuckerberg announced on Tuesday. “We’re also announcing new paid messaging features so small businesses can reach customers […]
Ecommerce majors such as Amazon and Flipkart have been invited to join India’s digital public infrastructure Open Network for Digital Commerce (ONDC), said the network’s Chief Executive Officer T Koshi. In an interaction with ANI, Koshi said it invited them and they were welcome to the network. “They are looking at (ONDC) seriously and we […]
SPAR Hypermarket, has joined Open Network for Digital Commerce (ONDC). SPAR Hypermarket’s D2C catalog is now discoverable by shoppers on the ONDC network. With this integration, SPAR Hypermarket’s catalog can be seen on all apps that a consumer is shopping from across a network that is rapidly developing. This will enable SPAR Hypermarket to expand […]
