Indian retail entities are all set to see an exuberant year-on-year (YoY) increase in sales of 45 per cent in financial year (FY) 2023 and their operating profit margins (OPMs) are expected to remain range-bound at 7-7.3 per cent, said rating agency ICRA. The rating agency’s recent analysis of the industry stated that this is […]
Retail inflation for agricultural and rural workers for February 2023 rose to 6.94 per cent and 6.87 per cent, respectively, according to the ministry of labour and employment. It was 5.59 per cent and 5.94 per cent, respectively, in February 2022. The ministry of labour and employment said this increase was due to the increase […]
Mango, a prominent European fashion group, is expanding its presence in India with a new flagship store in Bangalore’s Indiranagar shopping center. The store covers 5500 square feet across two floors and is the first Mango store in India to offer the Woman, Man, and Kids lines under one roof. The store also features the […]
Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits — including NRO and NRE term deposits, by 25 basis points on select tenors. These hiked rates are applicable on deposits below Rs 2 crore, with immediate effect. Following are the tables detailing the hike in rates along with […]
