Tipping Mr Pink, the parent company of the QSR brand, Burger Singh, has secured an undisclosed amount in a pre-Series B funding round, elevating its valuation to a robust USD 52 million. This funding round was led by Turner Morrison, with notable participation from Homage Ventures LLP – Office of Aditya Ghosh and a strong […]
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Thursday afternoon showed India’s wholesale inflation in November stood at 0.26 per cent. In October, it was […]
The rating agency Icra expects the rental income for mall operators to increase by nine to ten per cent year-on-year (YoY) growth in FY2024 and eight to nine per cent in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations. In H1 FY2024, the rental income for Icra’s sample set1 […]
India’s headline retail inflation rate jumped to 5.55 per cent in November, owing to a combination of an unfavourable base impact and price increases for major food products, according to data provided by the Ministry of Statistics and Programme Implementation on Tuesday. The Consumer Price Index (CPI) inflation rate in October was 4.87 per cent. […]
As Christmas is around the corner, everyone is preparing for the holiday season in their way. Ahead of the festival, small shops in Puducherry are all set to sell Jesus Christ statues, toys and decorative items at various places. This year, imported toys from different countries are on sale to celebrate Christmas. Lamps in churches […]
The homegrown brand Rasna on Friday introduced Rasna Himalayan Gulab Sharbat, Himalayan Gulkand and Himalayan Gulab Chywanprash at the Uttarakhand Global Investors Summit. To increase Rasna’s presence in the state, the products will be manufactured using raw materials such as pure rose oil and rose water all sourced from the valleys of Uttarakhand, the press […]
Walmart’s top executives expressed concerns about the future spending patterns of consumers, stating that financial strain is making them more cautious, Reuters reported on Wednesday. Chief Financial Officer (CFO) John David Rainey observed “unusual behavior” in October that prompted worries about the consumer’s financial health. He clarified at the Morgan Stanley Global Consumer & Retail […]
The rise in prices of onions and tomatoes pushed up the cost of vegetarian and non-vegetarian thalis by 10 per cent and 5 per cent respectively in November over the last month, according to a report by CRISIL. This is a rise of 9 per cent in the cost of the vegetarian thali in November […]
Aditya Birla Fashion and Retail (ABFRL) has partnered with French fashion designer Christian Louboutin, according to the company’s press release on Wednesday. Under the joint venture, Christian Louboutin India’s business will now be a new subsidiary of ABFRL where the partners will hold equal stakes. “This partnership reflects our commitment to offering our discerning customers […]
ByteDance, the parent company of TikTok, the short video platform launched its online shopping service in 2021 named TikTok Shop in Indonesia. The ecommerce platform is currently available in the UK and the US markets. To boost its online retail platform in the US, ByteDance is planning to prohibit links to other ecommerce platforms such […]
