Spencer’s Retail launched its new format chain, ‘Spencer’s Value Market,’ on Monday, aimed at value-conscious shoppers. The company, which is part of the RP-Sanjiv Goenka Group, will launch new locations in six South Indian towns this month. The company operates over 185 locations that cater to the mid to luxury sectors. Spencer’s Value Market is […]
India’s overall export declined by 5.26 per cent to USD 61.82 Billion in December 2022, as per the data released by the Ministry of Commerce and Industry on Monday. The ministry’s data showed that overall imports in December 2022 stood at USD 73.80 billion, a negative growth of 1.95 per cent over the same period […]
Commerce and Industry Minister Piyush Goyal said on Monday that creating a comprehensive database of all startups in the country will benefit both the public and commercial sectors. According to him, the database would benefit the government in its purchase of products and services. Goyal noted that there must be a lot of businesses with […]
The Confederation of Indian Alcoholic Beverage Companies (CIABC) has written to the Delhi Government, requesting that restrictions in the upcoming excise policy for 2023-24 that purportedly discriminate against Indian-made goods and favour imports be removed. The CIABC proposed measures for inclusion in the upcoming excise policy for the next fiscal year. While the CIABC urged […]
Wholesale price-based inflation fell to 4.95 per cent yearly (YoY) in December 2022, primarily due to lower food and crude petroleum prices. In November 2022, WPI-based inflation was 5.85 per cent and 14.27 per cent was in December 2021. The month-over-month change in WPI for December was -1.12 per cent compared to November. In December […]
The worldwide virtual fitting room industry is expected to expand by 6.5 million dollars by 2025, according to a recent study from Valuates Reports. The surge in online shopping is propelling the virtual fitting room market size, with new technologies aiming to reduce exchange and return rates while improving customers’ online shopping experience. A virtual […]
Sainsbury’s, the UK’s second largest supermarket chain, has partnered with online meal ordering and delivery service Just Eat Takeaway to provide speedier home delivery for groceries across the nation. Using the Just Eat app, customers will be able to order things from Sainsbury’s for delivery in under 30 minutes. The cooperation will begin with more […]
Sebi imposed Rs 12 lakh fine on a man for violating insider trading restrictions in the case of Parag Milk Foods (Parag) on Friday. The person identifies as Shashi Kant Dalmia, the regulatory body ordered him to pay the amount within 45 days. The order came after Sebi undertook an inquiry from January to April […]
As per data analysed by Unicommerce, an integrated SaaS platform that enables e-commerce companies, D2C brands, omnichannel retailers, and other online sellers with its supply chain technology, as winter peaked in various parts of India and several Tier II and III cities adopt e-commerce, online fashion sales saw a 16.4 per cent year-on-year growth in […]
Avenue Supermarts, the operator of the DMart retail chain, announced a 6.6 per cent increase in consolidated post-tax profit of Rs 590 crore for the quarter ending December 2022, compared to Rs 553 crore the previous year. Total revenue for the October-December quarter was Rs 11,569 crore, up from Rs 9,218 crore in the same […]
