Hindustan Unilever announced on Wednesday that it had completed the acquisition of a 51 per cent stake in Zywie Ventures for Rs 264.28 crore. Zywie Ventures, a wellness company, has been acquired by Hindustan Unilever. “Hindustan Unilever has completed the acquisition of 51 per cent of Zywie for a total consideration of Rs 264.28 crore […]
Adani Wilmar, said on Tuesday that sales would increase in the high single digits in the third quarter, owing to strong demand during the festive season and increased out-of-home consumption. According to a regulatory filing, the company’s standalone sales volume will grow in the high teens. The company said that price volatility in its mainstay […]
The Economic Cooperation and Trade Agreement (ECTA) signed between India and Australia would provide immediate market access at zero duty, accounting for 96.4 percent of India’s exports to Australia in value terms, as per PIB statement Department of Commerce and Industry, Rajesh Agrawal says: “The Department of Commerce has achieved the unique distinction of operationalizing […]
Flipkart reported a 33 per cent increase in demand for heating appliances in the October-December 2022 period compared to the same period a year ago. According to Flipkart, the demand for heating appliances has increased across the country, including in tier-2, 3 and beyond cities such as Arrah, Darbhanga, Delhi, Gaya, Ghaziabad, Lucknow, Muzaffarpur, and […]
Stellar Value Chain Solutions, a provider of consumer supply-chain solutions, announced on Tuesday that it will invest approximately Rs 200 crore to establish D2C (Direct-to-Consumer) fulfilment centres in six cities across the country by 2026. Stellar Value Chain Solutions said in a statement that these facilities will be located in key strategic locations across the […]
The Bombay High Court on Wednesday quashed and set aside the Maharashtra Food and Drug Administration (FDA) order that barred Johnson & Johnson from producing and selling its baby powder. A division bench of Justice Patel and Justice SG Dhige allowed the product’s sale, noting that there were 11-12 results in total. The FDA’s order […]
Bed Bath & Beyond’s fiscal third-quarter sales dropped 33 per cent as the home goods retailer strives to strike the right balance with its customers. Sales fell to USD 1.26 billion in the three months ended November 26 from USD 1.88 billion the previous year. Sales at stores that have been open at least a […]
Amazon has announced plans to close three UK warehouses, affecting 1,200 jobs, according to PA Media on Tuesday. The company announced last week that it would lay off more than 18,000 employees in its e-commerce and human resources departments, the latest in a string of layoffs in the tech industry. Separately, Amazon’s UK business has […]
Debt-ridden Future Lifestyle Fashion announced on Monday that its total outstanding debt has been reduced to Rs 1,827.82 crore as of 31 December 2022, with a total default of Rs 1,465.67 crore. Future Lifestyle Fashion’s default of Rs 1,465.67 crore is “comprising the persisting default” of Rs 436.01 crore for the September 2022 quarter, according […]
ITC Engage, one of India’s leading fragrance brands, expands its premium portfolio with the launch of One Soul, its first gender-neutral fragrance. With the release of this one-of-a-kind, gender-free fragrance, the brand hopes to break down gender barriers and celebrate inclusive grooming. Inspired by the blue skies and open spaces, One Soul matches the free […]
