Shashwat Goenka is appointed as the chairman of the Spencer, by the board of Spencer’s retail. The company’s revenue collection from operation during the under review positioned as 543.39 crores, against FY22, which was 541.85 crores, according to the stocks. Spencer’s retail also recorded an increase in net loss of 61.23 crores for the fourth […]
Digital payments in India have been crossing record transactions in the last few months. According to recent data from RBI, NPCI, and banks, digital transactions have jumped from 20.7 billion in FY 2017-18 to 88.4 billion in FY 2021-22. March 2023 saw UPI transactions clocking the highest-ever number of transactions at 8.7 billion, making it […]
Somany Ceramics, has opened its first Somany Grande showroom in Fatehabad, Haryana – Mehta Tiles. The company specialising in ceramics, bathware and allied products. The showroom is spread over 2700 Sq. Ft., and it is conceptualised and designed to showcase the latest collection of tiles, bathware and sanitary ware from the house of SOMANY. According […]
Goenpa, a remote village in Bhutan, has found a reliable market for its milk at Koufuku International’s dairy processing plant in Chenary, Trashigang, The Bhutan Live reported. Although the farmers benefit from this convenient arrangement, they believe that revising the current milk prices is essential due to the increasing cost of animal feed. Goenpa farmers […]
Retail inflation in India eased further in April to 4.7 per cent as against 5.7 per cent the previous month. The sub-index for cereals and products and eggs declined in April, data released by the Ministry of Statistics and Programme Implementation on Friday revealed. The inflation in rural and urban was 4.68 per cent and […]
Bangalore has been ranked fourth in the top 10 list of high streets across eight markets in India, according to a recent survey conducted by global real estate consultancy Knight Frank. The survey highlighted Bangalore’s exceptional high streets, which provide an enhanced shopping experience for customers. According to the report, MG Road in Bangalore secured […]
The Confederation of All India Traders (CAIT) urged finance minister Nirmala Sitharaman for a reduction in the goods and services Tax (GST) rate on beverages. Currently, beverages are subjected to a GST rate of 40 per cent, which includes GST plus Cess, significantly impacting the working capital of small retailers. B.C. Bhartia, CAIT National President […]
The retail assets under management (AUM) of non-banking financial companies (NBFCs) are likely to witness a healthy growth of 12-14 per cent in the fiscal year 2024, the rating agency Icra said in a report. This follows a strong rebound in FY2023 and surpasses the earlier estimates for AUM growth, according to Icra. As of […]
Demand for gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council. The outlook for gold purchases is highly dependent on rupee prices, which show no sign of abating, and […]
An Indian edible oil industry body issued an advisory to its members appealing to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers. “Members have responded favourably and started announcing a further reduction in MRP and wholesale price of edible oils of their brands,” the apex industry body […]
