The Delhi administration finally presented its Budget document on Wednesday, a day after it was initially supposed to be tabled in the Assembly. The theme of the Delhi Budget largely revolved around ‘Clean, Beautiful, and Modern Delhi’. The Budget proposed for the year 2023-24 worth Rs 78,800 crore, was presented by Delhi Finance Minister Kailash […]
India’s tea exports are expected to achieve more than 95 per cent of the set targets of USD 883 million despite various geo-political, geo-economic and logistical challenges in 2022-23, said the Ministry of Commerce and Industry. The logistics impediments such as availability of containers, among others, have been smoothened out, the ministry said in a […]
Gifting as an industry is getting more personalised. The discerning audience is seeking more and more products which have an emotion attached to it, said Vikaas Gutgutia, MD Founder FNP (Ferns N Petals) “Instead of sending a simple bouquet or a cake and a card, consumers want to go that extra mile so that the […]
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 […]
Union Budget 2023 is presented on 1st February, is less than 10 days away, and all the sectors, especially the consumer goods/FMCG companies, are eagerly awaiting to see the possible new initiatives that the FM will announce to boost consumption and drive growth in the sectors. Rural markets continued to pull the FMCG sector down, […]
PVR announced a total net profit of Rs 16.15 crore for the third quarter ended December 31, 2022, aided by increases in key performance parameters. According to a regulatory filing, the business incurred a combined loss of Rs 10.18 crore a year earlier. Its consolidated income from operations increased by 53.17 percent in the third […]
5G smartphone shipments will increase by 70 per cent year on year by the end of 2023, after a 13-fold increase in 5G smartphone sales from the year of its initial debut in 2020,according to a Cybermedia Research research (CMR). 5G smartphones are estimated to account for 45 per cent of the market in CY2023, […]
The Indian retail market is expected to grow to USD 1.5 trillion by 2030, up from USD 0.793 trillion in 2020, due to factors such as urbanisation and income growth. The Indian e-commerce industry, on the other hand, is expected to surpass USD 350 billion by 2030, growing at a Compound annual growth rate (CAGR) […]
Kalyan Jewellers on Saturday reported a record consolidated revenue growth of approximately 13 per cent in Q3 FY23. The company witnessed positive momentum in the quarter gone by driven by strong footfall and revenue across all the markets majorly due to strong festive demand. “We recorded consolidated revenue growth of approximately 13 per cent in […]
The year 2022 will always go down as one of the most transformative years in the history of retail market. Brands and Retailers were seen emerging the impact of Covid 19, as retail was one of the worst-hit sectors. Over the past year, retailers have been taxed and squeezed by supply chain challenges, growing inflation, […]
