Reliance Retail on Wednesday launches Tira, an online beauty platform, according to media reports. The beauty ecommerce space is rapidly growing and tapping the market, there are players such as Nykaa, Tata CLiQ Palette, Sephora, SS Beauty by Shopper’s Stop and more. The reports further reveal that Tira, which Reliance intends to scale up with […]
India’s overall exports on Wednesday posted a 14.57 per cent increase year-on-year in January 2023 to USD 65.15 billion, against USD 56.86 billion on January 2022, the Union Commerce ministry stated in a release. Overall exports mean exports of merchandise and services combined. Further, according to a statement from the Ministry of Commerce and Industry, […]
A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make India’s footwear and leather products export trade vulnerable, said Crisil Ratings. “Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them particularly vulnerable to a slowdown in these economies,” it said […]
Valentine’s Day is proving to be a growth driver for D2C companies with an increasing number of people flocking to D2C brands to buy gifts for their loved ones. On this note, Instamojo, the #D2CTech brand from India launched its #D2CTechLove Report to enable D2C brands to unravel and demystify the consumption potential around Valentine’s […]
E-commerce now requires more effort compared to pre-pandemic levels. This may be attributed to a combination of sectors lagging behind in reducing effort, as well as customers having a lower tolerance for friction, according to the EAS 2.0 Report 2023. As almost all customer journeys have been digitalized by businesses, the benefits of reducing physical […]
Union Food and Public Distribution Minister Piyush Goyal has asked Food Corporation of India to use modern technologies in foodgrain management and for quality control, thus bringing more transparency and minimum human interface. Goyal reviewed the operations of its procuring agency Food Corporation of India, UP Region, in Lucknow on Sunday. As per a release, […]
Wholesale inflation in India based on the Wholesale Price Index continued to stay moderate and was at 4.73 per cent (provisional) in January 2023, against the previous month’s 4.95 per cent, official data showed on Tuesday. The index for fuel and power group (with an overall weightage of 13.15 per cent) declined by 1.39 per […]
Retail inflation in India again breached RBI’s upper tolerance band in the month of January 2023, with the Consumer Price Index pegged at 6.52 per cent, government data released on Monday showed. The retail inflation in rural and urban India was 6.85 per cent and 6.00 per cent, respectively. Among groups, cereals and products, eggs, […]
Nykaa’s parent company FSN E-Commerce Ventures on Monday reported 68 per cent year-on-year (YoY) dip in its consolidated net Profit After Tax (PAT) at Rs 9.2 crore for quarter ended on 31 December 2022, compared to the same quarter previous year at Rs 29 crore, as per the company’s regulatory filing. However, the company’s revenue […]
South Indian Bank today announced the signing of a MoU (Memorandum of Understanding) with Maruti Suzuki. Under this partnership, the bank will provide unmatched dealer finance options and customised auto retail financing solutions for customers. With this tie-up, South Indian Bank aims to help dealer partners streamline vehicle inventory funding and offer comprehensive retail financing […]
