CoutLoot, an online non-grocery retail aggregator, has expanded offline. The retail tech player has opened its first store in Mumbai. The company plans to open 50 stores by the end of this year in UP, Maharashtra, Gujarat, and Delhi where it will transform and standardize the existing small retail shops selling unbranded merchandise which are […]
Patanjali Foods has unveiled an ambitious growth plan aimed at achieving an operational profit of Rs 5,000 crore and a turnover exceeding Rs 50,000 crore in the next five years. In an interview with the news agency PTI, Ramdev expressed the company’s strong desire to expand its food and FMCG business, as well as its […]
POP, an ecommerce enablement start-up has launched its first-of-its-kind growth solutions platform focused on direct-to-consumer (D2C) brands. Founded by former Flipkart Senior Director Bhargav Errangi, POP has onboarded more than 75 leading consumer brands within a span of one month of its launch. POP has built a ubiquitous shopping currency called POPcoins that users can […]
Snack maker Mondelez International is facing a growing corporate boycott in the Nordic region due to its continued presence in Russia. In response, the company has expressed its intention to meet with the Norwegian government to protect its local business, the news agency Reuters reported. Several companies, including airlines SAS and Norwegian Air, railway group […]
Winni Cakes & More, a bakery retail company has reported a 74 per cent year-on-year (YoY) growth in gross merchandise value (GMV) for the fiscal year 2022-23. The company achieved this growth by opening 125 new stores in tier-2 and tier-3 cities within a year, increasing its GMV from Rs 192 crore in FY 2021-22 […]
Australian lender Westpac Banking Corp (WBC.AX) is set to cut approximately 300 jobs in its consumer and business banking divisions, the news agency Reuters reported. According to the report, the Finance Sector Union of Australia (FSU) cited an internal memo from Westpac as the source of the information. These potential job losses, which represent 0.8 […]
The largest oil company in India, Indian Oil Corporation (IOC), has managed to be the highest bidder for half of the natural gas that Reliance Industries and its partner, BP from UK, offered in the most recent auction of the fuel needed to create CNG, generate electricity, and fertiliser. As per reports, IOC got 2.5 […]
Singapore is well-known for being an easy place to do business. Among the factors that play to the city-state’s advantage is an attractive tax system, an extensive network of tax treaties, ready availability of quality human capital, geopolitical stability, accessibility to financing, connectivity to the rest of the world, and good infrastructure. Singapore also has […]
TikTok, owned by ByteDance, intends to develop its global ecommerce operations to catch up with up to USD 20 billion in merchandise sales this year, according to a report by Bloomberg News. According to the report, the company is counting on growth in Southeast Asia, especially targeting markets like Indonesia. This goal represents significant growth […]
Livpure, a home and living consumer products brand, has reported an annual growth of closer to 50 per cent in the financial year 2022-23. According to the official statement the company is aiming to doubling its retail presence, expanding the product portfolio, adding national and regional MT partners to the fold, and ensuring the availability […]
