Non-metro cities’ Micro, Small, and Medium Enterprises (MSMEs) are surpassing their metro counterparts in Diwali sales this year, with an estimated ecommerce opportunity of a whopping USD 13 billion for Indian MSMEs during the festive season, according to a report by tech-enabled logistics platform and unicorn, Shiprocket. The report suggests that 10-15 per cent of […]
At least 47 per cent of Indians are expected to spend over Rs 10,000 on festive purchases, which is about 2.5 times more than last year, according to a recent report. The report titled India’s Festive Feeling Report 2023 by ShareChat and Moj also said that of the people spending a minimum of Rs 10,000, […]
India’s retail inflation eased to 5.02 per cent from 6.83 per cent in September which is a three-month low banking on sliding vegetable prices but remained above 4 per cent, a target aimed by the Reserve Bank of India (RBI). It is likely that RBI would like to get comfortable with inflation before easing rates. […]
In a significant development for the retail sector, Mohan Kumar has officially taken charge as the new Business Head – Retail at Impact Communications, a player in the communication and marketing industry. Kumar expressed his enthusiasm about the new role, on his LinkedIn post stating, “I’m happy to share that I’m starting a new position […]
The Bank of Baroda in a report has said that India’s growth story is expected to maintain its resilience led by festival demand. This is expected to pump up growth in this quarter. Inflationary concerns ebbed slightly as major price data showed signs of respite with vegetable prices correcting in September 2023, as well as […]
Abu Dhabi Investment Authority is set to invest Rs 4,966.80 crore into Reliance Retail Ventures, acquiring a 0.59 per cent stake in the company, as confirmed by Reliance Industries on Friday. In a regulatory filing, Reliance Industries stated, “This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), […]
In September, a decline in tomato prices contributed to a significant reduction in the cost of both vegetarian and non-vegetarian thalis, offering relief to consumers grappling with soaring prices. The cost of a vegetarian thali decreased by 17 per cent month-on-month (MoM) in September. The primary driver of this reduction was the substantial drop in […]
The Uttar Pradesh government, led by Chief Minister Yogi Adityanath has issued instructions to senior officials in the Department of Food and Civil Supplies to address the issues of hoarding and price increases of pulses within the state. These instructions include conducting inspections and verifications of pulse traders to enforce the revised stock limit set […]
PVR Inox, the multiplex chain, has forged a strategic partnership with Devyani International, the franchisee of Costa Coffee, to offer premium coffee at selected upscale properties. In a regulatory filing, PVR Inox stated, “PVR INOX Ltd has entered into an arrangement with Devyani International Ltd on October 4, 2023, for introducing Costa Coffee’s handcrafted hot […]
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]
