BIS Cracks Down On Ecommerce Firms, Seizes Uncertified Goods In Andhra Pradesh: Reports
The seized consignment comprised over 25 categories of consumer products, which included electronics, LED bulbs, toys and table fans
The seized consignment comprised over 25 categories of consumer products, which included electronics, LED bulbs, toys and table fans
The company notes that bringing Lululemon to India has been part of its strategy for many years now
ChrysCapital is set to acquire around 90 per cent stake from the promoters of the company and the existing investor, ICICI Venture
Jacques Lebel will succeed Aseem Kaushik, who will take over as Chairman of L’Oreal India
FSSAI states that giving false or misleading information in annual returns will attract severe penalties under Section 61 of the FSS Act 2006
The decline is primarily attributed to a dip in prices of food articles, mineral oils, manufacture of basic metal
While the core franchises fared well, the company leveraged the Saffola brand further to introduce Muesli, Masala Millets and Cuppa Oats during the year
Co-founder Ansh Agarwal attributed the decision to the result of limited working capital and failure to implement their go-to-market (GTM) in an efficient manner
The business linked the drop in gross margins to “ongoing competitive pressure” in the consumer goods sector
The reports note that the company will now directly buy the inventory from its sellers, instead of just storing it in its warehouses for them