Sebi imposed Rs 12 lakh fine on a man for violating insider trading restrictions in the case of Parag Milk Foods (Parag) on Friday. The person identifies as Shashi Kant Dalmia, the regulatory body ordered him to pay the amount within 45 days. The order came after Sebi undertook an inquiry from January to April […]
As per data analysed by Unicommerce, an integrated SaaS platform that enables e-commerce companies, D2C brands, omnichannel retailers, and other online sellers with its supply chain technology, as winter peaked in various parts of India and several Tier II and III cities adopt e-commerce, online fashion sales saw a 16.4 per cent year-on-year growth in […]
Avenue Supermarts, the operator of the DMart retail chain, announced a 6.6 per cent increase in consolidated post-tax profit of Rs 590 crore for the quarter ending December 2022, compared to Rs 553 crore the previous year. Total revenue for the October-December quarter was Rs 11,569 crore, up from Rs 9,218 crore in the same […]
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 […]
