Unilever appointed Hein Schumacher as its new Chief Executive Officer, the company said in a press release, adding, following an extensive, global search process. Hein will replace Alan Jope, who announced in September 2022 his intention to retire from Unilever. Hein is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became […]
Beauty, a subjective term for many, but an exponentially growing business for others, is emerging as the centre of attention for investors in the past few years. Owing to the media portals, especially digital media across Instagram and Facebook, beauty (makeup and cosmetics) alongside personal care and skin regimes has caught traction. The segment is […]
Delhivery has grown its involvement with several D2C businesses, including The Souled Store, a casual apparel brand, and Nestasia, a home-decor firm, the company said in a regulatory filing on Monday. While Nestasia and The Souled Store employed Delhivery’s express parcel services at first, both now use Delhivery’s enormous warehouse network and supply chain skills […]
The ministry of textiles has cleared 15 research and development projects worth Rs 32.25 crore across key strategic areas such as speciality fibres, protective textiles, high-performance textiles, geotextiles, medical textiles, sustainable textiles, and textiles for building materials. An official statement from the ministry of textiles said among these 15 R and D projects, seven projects […]
Goodyear Tire and Rubber Company said it will cut about 500 jobs, which is about 5 per cent of its total workforce, in its aim for cost-cutting, the Wall Street Journal. The company had also warned on Friday that fourth-quarter results fell below expectations as the elevated inflationary environment decapitated demand, according to a statement […]
Manyavar parent Vedant Fashions on Saturday reported an 18.11 per cent Year-on-Year (YoY) increase in its consolidated net profit to Rs 150 crore in the quarter ended 31 December 2022 compared to Rs 127 crore in the same quarter last year. The company’s revenue from operation grew by 14.73 per cent YoY to Rs 441.42 […]
Shoppers Stop, India’s leading retail chain, has recently partnered with Kerala-based Earthi, a luxurious Ayurveda brand, to launch the world’s first Kumkumadi Oil face sheet mask as well as a wide range of ayurvedic skin care and personal care products. Shoppers Stop will exclusively retail Earthi’s product portfolio drawing on its experience in the Indian […]
Zomato gave clarification on stopping the 10- minute service on Friday. “Zomato stops 10-minute food delivery offering” which appeared in http://www.rediff.com on January 24, 2023. “In this regard, we would like to submit that the said news article itself clarifies Company’s stance,” the company said in its regulatory filing. “Instant (10-minute food delivery offering) is […]
The Bengaluru civic body has issued a notice prohibiting the sale of non-vegetarian dishes within 10 km of the Yelahanka Air Force Station in view of the Aero India 2023. The Bruhat Bengaluru Mahanagara Palike (BBMP) issued a notice to restaurants and proprietors of meat stalls near the Yelahanka Air Force Station to stop the […]
Much progress has been achieved since the birth of ecommerce more than two decades ago, many merchants and brands continue to confront enormous obstacles. According to VTEX’s study report ‘Three Investments to Drive Ecommerce Growth,’ below are the top three problems that merchants repeatedly identified. The traditional ecommerce philosophy was that merchants could offer to […]
