Morgan Stanley expects retail inflation to moderate to Reserve Bank of India’s 6 per cent upper tolerance target only from November. Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI’s 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruit, and […]
India’s organised retail sector, accounting for approximately 12 per cent of total fast-moving consumer goods (FMCG) sales, witnessed its highest growth in six quarters, recording a year-on-year surge of 21.1 per cent during the April-June period, as per NielsenIQ data. This growth was fueled by a stable urban demand environment. NielsenIQ, the data insights and […]
Delhi-NCR recorded an increase in retail leasing by 65 per cent YoY across investment-grade malls, high streets and standalone developments in Jan-June’23 says a report by CBRE South Asia. As per the report, the total leasing during this period stood at 0.70 mn. sq. ft. compared to 0.42 mn. sq. ft. in the corresponding period […]
The Consumer Price Index (CPI) points to potential fluctuations in retail inflation in India, ranging from 5.6 to 6.6 per cent for July. This variation is primarily attributed to a surge in expenses within the food sector. The unveiling of this statistic by the government is scheduled for Monday. Over the past two months, food […]
Flipkart, India’s homegrown e-commerce brand celebrated the success of its initiatives to support MSMEs, artisans and weavers with initiatives like Flipkart Samarth, a program that aims to contribute to the socio-economic development of communities with a special focus on women and rural entrepreneurs, differently-abled entrepreneurs, artisans and weavers across India while promoting traditional arts and […]
Amid rising prices of onions in parts of India, the central government has started releasing the staple vegetable from its buffer stock. The central government had earlier decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock. […]
Wonderchef, a cookware and premium kitchen appliance company, has opened its 26th exclusive store in India in Mumbai Malad. With the vision of reaching out to more customers and offering them exceptional kitchen solutions, Wonderchef aims to open 50 exclusive stores across India by 2025. Additionally, the Company has a strong presence in about 15,000 […]
Nirula’s, a food chain announced the opening of its newest venture, Pan Asian, an exotic addition to their diverse portfolio of successful eateries. “We are thrilled to present Pan Asian to the residents and visitors of Golf Course Road,” said Sumedha Singhal, Director Marketing for Nirula’s. “Our commitment to delivering exceptional dining experiences, combined with […]
Ace turtle, a technology-native retail company on Monday announced the launch of Connect 2.0, the advanced version of its industry-first proprietary mobile app to digitise and streamline retail store operations. According to the company, the Connect 2.0 app enables seamless communication and co-ordination between business teams at ace turtle and retail store employees spread across […]
Auto retail sales in July maintained a steady 10 per cent year-on-year (YoY) growth, mirroring the previous month, said the Federation of Automobile Dealers Associations on Monday. However, the MoM decline continued highlighting short-term slowdowns. According to FADA, all vehicle categories recorded positive figures: Two-Wheelers (2W) at 8 per cent, Three-Wheelers (3W) at 74 per […]
