Finance Minister Nirmala Sitharaman announced a 16 per cent hike of NCCD on cigarettes on Wednesday. Experts believe that a significant increase in cigarette taxes and stricter legislation will not only get the most out of human capital by improving residents’ health, but will also assist Prime Minister Narendra Modi achieve his aim of a […]
The Finance Minister Nirmala Sitharaman said that the government will grant customs tax reduction on the import of specific parts such as camera lenses and concessions on the import of lithium ion batteries to stimulate mobile phone manufacture in India. During her Budget 2023-24 statement on Wednesday, Finance Minister Nirmala Sitharaman reduced customs taxes for […]
ITC Engage, one of India’s leading fragrance brands, has launched a new range of Eau De Parfums for occasion-based usage with day and night premium perfumes for men and women. In a first, ITC Engage, brings to bear the interesting interplay of fashion and fragrance. Exquisitely crafted, this new range of Engage Eau De Parfums […]
WK Life, an iconic London-based lifestyle brand marks its mega debut today in the Raipur city of Chhattisgarh state making it central India’s first store of its kind. In a grand ceremony at Ambuja City Centre Mall, the renowned brand opened its door for the first to Raipurites (Raipur people) with a monumental launch of […]
Forward-looking businesses across the globe are increasingly becoming concerned about sustainability issues. As climate change threatens to disrupt global supply chains and economies, there is a growing realization that sustainability and profitability should go hand-in-hand. Responsible businesses conduct a materiality assessment to gain valuable insights on the importance of environmental, social and governance issues amongst […]
The Union Budget for the fiscal year 2023-24 will be presented in Parliament on 1 February by Finance Minister Nirmala Sitharaman, and the clock has already started ticking. The retail industry has a big wish list for Budget 2023 and retailers in the country express their hopes for the industry ahead of the Budget. Electronics […]
Godrej Consumer Products reported a 3.55 percent increase in consolidated profit after tax in the third quarter ended 31 December 2022, to Rs 546.34 crore on Tuesday. Godrej Consumer Products (GCPL) reported a consolidated profit after tax of Rs 527.6 crore in the same quarter last year, according to a regulatory filing. It said that […]
Amazon India has reduced the referral fee for sellers by half to encourage new sellers to use e-commerce, according to a press statement issued on Tuesday. Sellers pay a referral fee to Amazon in exchange for enabling sales on the online marketplace. “As the new year begins, we are thrilled to announce a 50 per […]
The Board of Aditya Birla Fashion and Retail, at its meeting held today, inducted Ananya Birla and Aryaman Vikram Birla as Directors. Ananya Birla and Aryaman Vikram Birla come with rich and varied experience straddling entrepreneurship and business building. The board believes that ABFRL will benefit from their new-age insights and business acumen. Commenting on […]
Welspun India reported a 66.55 per cent drop in consolidated net profit to Rs 43.83 crore in the third quarter ended December 2022, owing to reduced sales. Welspun India reported a consolidated net profit of Rs 131.06 crore in the same period last year, according to a regulatory filing. The consolidated total income for the […]
