About 60 per cent Indian business leaders predict that India would develop faster than 6.5 per cent in 2023-24, according to research. Despite a possible global slump and geopolitical uncertainty, India’s chief experience officers (CXOs) are confident that Budget 2023-24 would help accelerate economic development across sectors and industries, according to the survey. Chemicals (72 […]
In a trade update, DFS stated that group order intake for the 26-week financial reporting period ending 25 December 2022 was up 10.6 per cent compared to the same time before the pandemic, but down 4.8 per cent compared to the previous fiscal year. Group total sales increased 9.6 per cent compared to the previous […]
GTPL Hathway fell 4.16 per cent to Rs 132.35 as the company’s consolidated net profit fell 31.3 per cent to Rs 37.57 crore in quarter three(Q3) financial year (FY)23, compared to Rs 54.65 crore in Q3 FY22. In the quarter ended 31 December 2022, revenue from operations increased 14.44 per cent year on year to […]
The food regulator Food Safety and Standards Authority of India (FSSAI) has issued comprehensive standards for identifying basmati rice. Basmati rice should retain its natural fragrance characteristics while containing no artificial colouring, polishing agents, or fragrances, as per ministry statement. These standards, which have been announced, will go into effect in August this year. Brown […]
The Mumbai bench of the National Company Law Tribunal (NCLT) approved the merger of multiplex operators PVR and INOX on Thursday. “We are pleased to inform you that the NCLT, Mumbai Bench, has approved the Proposed Scheme today, January 12, 2023. The Company is awaiting a copy of the detailed order, which will be disclosed […]
Indian millennials cumulatively transacted most on Food & Beverages as a category, with an average transaction amount in the range of ₹2000 per month. The next highest spending categories (ranked by number of transactions) were groceries and shopping, with average spending amounts in the range of ₹3000 and ₹4000, respectively. According to data released by […]
The consumer protection regulator CCPA has issued notices to e-commerce platforms Amazon, Flipkart, and Snapdeal for allegedly selling toys without a BIS quality mark, as per PTI. The government announced on Wednesday that 18,600 toys had been seized in the last month from major retail stores across the country, including Hamleys and Archies, at airports […]
Bernard Arnault, Chairman and CEO of LVMH, has reshuffled top management at his luxury goods empire. Strengthening his family’s grip with the appointment of his daughter Delphine to lead Christian Dior and naming a new Louis Vuitton boss. Pietro Beccari, Dior’s CEO since 2018, will take over for long-time Louis Vuitton CEO Michael Burke. Both […]
BigBasket’s move into offline retail is intended to bridge the gap between offline and online experiences, as well as support its ambitious expansion plans amid rising competition in grocery retail, according to data and analytics firm GlobalData. The move comes at a time when consumers in India continue to prefer offline grocery stores. According to […]
Monte Carlo Fashions saw sales climb by approximately 12 per cent in the third quarter of FY23 and approximately 19 per cent in the nine months of FY23, according to the company’s regulatory filing on Wednesday. The company’s quarterly sales have been the strongest ever because of strong brand equity with customers, the newest fashion […]
