Shoppers Stop on Thursday reported a fall of 41.2 per cent in consolidated net profit at Rs 36.85 crore in the third quarter (Q3) of the current fiscal year 2023-24 as against the net profit of Rs 62.74 crore in the previous fiscal’s same quarter, according to a BSE filing. However, the company’s total sales […]
Furniture brand Pepperfry reported a revenue of Rs 272.3 crore in the fiscal year ending March 2023, reflecting a modest 10 per cent growth, signalling success in its omnichannel expansion strategy. Despite a marginal increase in total expenses to Rs 474 crore, the Mumbai-based firm narrowed its losses to Rs 187.6 crore from Rs 194 […]
Manu Ahuja, Managing Director and CEO of Jubilant Industries died on Saturday, according to a BSE exchange filing, adding that “Ahuja’s sudden and unexpected passing away will be an irreparable loss to JACPL and all the Directors and Employees of JACPL convey deep sympathy, sorrow, and condolences to his family.” “We regret to inform you […]
Sleep solutions company Duroflex has appointed Sridhar Balakrishnan as its group CEO, it announced in a press release on Thursday. In the past, Balakrishnan has served Marico as its COO for 17 years, as President of Star India and as CEO at ACC Cement. Commenting on his appointment, Mathew Chandy, CMD, Duroflex said, “Sridhar’s wealth […]
Shoppers Stop’s Managing Director and Chief Executive Officer (CEO), Venugopal G. Nair, has submitted his resignation, effective from the close of business hours on 31 August 2023, citing personal reasons. The company officially announced his departure on Thursday. The board of directors has accepted Nair’s resignation, acknowledging his desire to dedicate more time to his […]
Unicommerce, an ecommerce enablement SaaS platform, has reported 50 per cent revenue growth in financial year 2023. The company has been consistently performing and expanding its presence in India and international geographies of Middle East and Southeast Asia. The company has been consistently growing its revenue, according to its last RoC filing, the company reported […]
Hindware Home Innovation Limited (HHIL), a consumer appliances company has named Salil Kapoor as its new chief executive officer (CEO), the company said in a press release on Monday. In his new role, Kapoor will lead the consumer business overseeing both consumer appliances and retail divisions. Additionally, he will be responsible for overseeing the water […]
The Laundry Industry is expected to reach USD 70 billion at a compound annual growth rate (CAGR) of 6-7 per cent year-on-year (YoY) basis and yet the industry is highly unorganised and it is dominated by the local dhobis because people don’t have options, however, this scenario is changing, Anurabh Sinha, CEO of UClean in […]
Ecom Express, an end-to-end technology-enabled logistics solutions provider to ecommerce industry backed by marquee private equity investors Partners Group, Warburg Pincus and British International Investment, on Thursday, announced that Ajay Chitkara will join as the new Managing Director and Chief Executive Officer of the Company. Chitkara currently serves as Director & CEO of Bharti Airtel’s […]
Vodafone Idea (Vi) has experienced an uptick in discussions with banks, promoters, and external investors to raise funds in recent weeks. Akshaya Moondra, the company’s CEO, revealed that these discussions have gained momentum following the implementation of most provisions of the telecom relief package. It may ne recalled that Vi has been grappling with financial […]
