The revenue of the leather apparel and accessories industry, which includes bags, belts, and harnesses, is expected to fall 7-8 per cent in fiscal year 2024, according to Crisil Ratings in a news release on Wednesday. Revenue is likely to fall due to a downturn in consumer demand in Europe and the United States, two […]
5G smartphone shipments will increase by 70 per cent year on year by the end of 2023, after a 13-fold increase in 5G smartphone sales from the year of its initial debut in 2020,according to a Cybermedia Research research (CMR). 5G smartphones are estimated to account for 45 per cent of the market in CY2023, […]
FMCG major ITC will buy a 100% share in Bengaluru-based healthy snack firm Yoga Bar, according to its regulatory filing on Tuesday. Over the next three to four years, the tobacco-to-food behemoth will acquire 100 per cent of Yoga Bar’s parent firm, Sproutlife Foods (SFPL). The business stated that it will buy 47.5 per cent […]
LG Electronics India has invested Rs 200 crore in its Ranjangaon, Pune-based plant to establish a new line for producing the premium range of side-by-side refrigerators. The new plant, which will be equipped with latest technology and machinery and would cost over Rs 200 crore, is expected to produce 2 lakh side-by-side refrigerators each year, […]
Havmor Ice Cream, a subsidiary of the South Korean company LOTTE Confectionary, has committed to invest Rs 450 crores over 5 years. This investment comes four years after LOTTE Confectionery acquired Havmor Ice Cream for Rs 1000 crores in December 2017. Havmor Ice Cream is one of India’s fastest-growing ice cream brand with a strong […]
The Global Canned Seafood Market is estimated to grow at an 8 per cent CAGR and reach nearly USD 50 billion by 2028, according to Global Canned Seafood Market Report 2022. Canned fish is becoming more popular among both homes and commercial end users, because of greater health awareness, increased demand for processed and convenient […]
WOW Skin Science, a D2C and personal care business, has joined the Open Network for Digital Commerce (ONDC), a government project to democratise e-commerce in India, the firm stated in a press statement on Tuesday. WOW Skin Science co-founder Manish Chowdhary commented on the announcement, saying, “For a company that has been on an expansion […]
China announced 2022 GDP growth that is above forecasts, as December retail sales were significantly higher than expected. According to the National Bureau of Statistics, GDP grew by 3 per cent in 2022. This was more than the 2.8 per cent predicted in a Reuters survey. The GDP growth rate fell short of the stated […]
Smart Bazaar, Reliance Retail’s big format supermarket, has opened a shop in Gudur at PSR Mall. The store offers a one-stop shopping experience by bringing together a diverse selection of items under one roof, including groceries, fruits and vegetables, dairy, kitchenware, homeware, fashion, and consumer electronics. Smart Bazaar, which spans 15,000 square feet of retail […]
Spencer’s Retail launched its new format chain, ‘Spencer’s Value Market,’ on Monday, aimed at value-conscious shoppers. The company, which is part of the RP-Sanjiv Goenka Group, will launch new locations in six South Indian towns this month. The company operates over 185 locations that cater to the mid to luxury sectors. Spencer’s Value Market is […]
