Earlier this month, the Body Shop has announced closure of US-based operations, but in India, the brand is ready with big offline expansion plans In the wake of UK-based cosmetics company The Body Shop’s bankruptcy filing and subsequent closure of its US and Canada-based operations, The Body Shop India is embarking on an ambitious growth […]
Coffee Day Enterprises reported its Q3 FY24 results on 13 February 2024. The topline climbed by 5.36 per cent, and the profit reached Rs 69.18 crore. It is worth noting that Coffee Day Enterprises reported a loss of Rs 402.06 crore in the previous fiscal year over the same period. In comparison to the previous […]
The operator of QSR Chain Burger King in India, Restaurant Brands Asia, on Monday, the company posted a reduced third-quarter loss, helped by robust holiday sales. The company’s consolidated net loss narrowed to Rs 36.18 crore (USD 4.4 million) in the three months ended 31 December from Rs 50.42 crore a year earlier. Nonetheless, it […]
In an exclusive conversation with BW Businessworld, Vikas Gupta, CEO of the education and stationary products business division, of ITC Ltd enlightened the current scenarios and plans of the Stationery market. The global stationery market stands at 26.06 billion US dollars in 2023 and is predicted to reach 39.32 billion by 2033, as stated in […]
India’s exports of goods and services showed a marginal increase of 0.4 per cent, reaching USD 765.6 billion in 2023, defying global economic uncertainties. According to data from the commerce ministry, key sectors contributing to this growth include electronics, pharmaceuticals, cotton yarn, fabrics, and made-ups, ceramic products, meat, dairy, and poultry products, fruits and vegetables, […]
India’s trade performance in December witnessed a nuanced pattern, with the overall exports, encompassing both merchandise and services, declining to USD 66.33 billion compared to USD 69.29 billion in December 2022, as per data released by the Commerce Ministry. However, a closer look at the sector-wise breakdown reveals divergent trends. Merchandise exports in December demonstrated […]
Food delivery platform Zomato revealed on Sunday that it has been served with notices from tax authorities in Delhi and Karnataka regarding purportedly insufficient payment of goods and services tax in 2018, amounting to Rs 4.2 crore. Zomato, in a filing with stock exchanges, stated its intention to contest the tax demand notices and emphasised […]
Chinese tech giant Huawei Technologies is reportedly expected to exceed its revenue by USD 98.5 billion for 2023, indicating a 9 per cent YoY revenue growth from last year, according to a media report on Friday. The forecast further suggested Huawei’s rebounding after US sanctions in 2019 that damaged some of its business lines. The […]
As micro, small and medium enterprises (MSMEs) continue to ride the ecommerce wave, the Forum for Internet Retailers, Sellers and Traders (First) India, a division of India SME Forum (ISF) in a survey report has highlighted the challenges in the space and the need for policy reforms for a conducive ecosystem and collaboration between policymakers […]
The year 2023 has proven to be a pivotal and transformative period for India’s ecommerce sector, marked by noteworthy shifts in consumer dynamics, technological innovations, and regulatory frameworks. As the industry reflects on the past year, key players across various domains within the e-commerce landscape unveil critical insights into the transformative trends that have defined […]
