Raymond on Wednesday reported a decline of 5 per cent year-on-year (YoY) net profit at Rs 95 crore in the quarter ended on 31 December ,compared to the same quarter in the previous financial year at 100 crore , according to the company’s regulatory filing. Its revenue from operations grew by 18 per cent YoY […]
Britannia Industries on Wednesday reported a 60 per cent year-on-year (YoY) increase in consolidated net profit at Rs 932.40 crore for the third quarter ended on 31 December, compared to the same quarter last year at Rs 369.18 crore. Company’s consolidated sales grew 16 per cent to Rs. 4,101 crore for the quarter gone by, […]
The Finance Minister Nirmala Sitharman unveiled the Union Budget 2023-24 on Wednesday, which analysts believe offers something for everyone. The retail industry praises it as a pro-growth, common man’s budget. According to industry experts, the Budget would raise customers’ discretionary money, improve the ease of doing business and infrastructure development, and promote a good industry […]
Finance Minister Nirmala Sitharaman announced a 16 per cent hike of NCCD on cigarettes on Wednesday. Experts believe that a significant increase in cigarette taxes and stricter legislation will not only get the most out of human capital by improving residents’ health, but will also assist Prime Minister Narendra Modi achieve his aim of a […]
The Finance Minister Nirmala Sitharaman said that the government will grant customs tax reduction on the import of specific parts such as camera lenses and concessions on the import of lithium ion batteries to stimulate mobile phone manufacture in India. During her Budget 2023-24 statement on Wednesday, Finance Minister Nirmala Sitharaman reduced customs taxes for […]
ITC Engage, one of India’s leading fragrance brands, has launched a new range of Eau De Parfums for occasion-based usage with day and night premium perfumes for men and women. In a first, ITC Engage, brings to bear the interesting interplay of fashion and fragrance. Exquisitely crafted, this new range of Engage Eau De Parfums […]
WK Life, an iconic London-based lifestyle brand marks its mega debut today in the Raipur city of Chhattisgarh state making it central India’s first store of its kind. In a grand ceremony at Ambuja City Centre Mall, the renowned brand opened its door for the first to Raipurites (Raipur people) with a monumental launch of […]
The Union Budget for the fiscal year 2023-24 will be presented in Parliament on 1 February by Finance Minister Nirmala Sitharaman, and the clock has already started ticking. The retail industry has a big wish list for Budget 2023 and retailers in the country express their hopes for the industry ahead of the Budget. Electronics […]
Godrej Consumer Products reported a 3.55 percent increase in consolidated profit after tax in the third quarter ended 31 December 2022, to Rs 546.34 crore on Tuesday. Godrej Consumer Products (GCPL) reported a consolidated profit after tax of Rs 527.6 crore in the same quarter last year, according to a regulatory filing. It said that […]
Amazon India has reduced the referral fee for sellers by half to encourage new sellers to use e-commerce, according to a press statement issued on Tuesday. Sellers pay a referral fee to Amazon in exchange for enabling sales on the online marketplace. “As the new year begins, we are thrilled to announce a 50 per […]
