Black Friday sales are no longer limited to the West as it is picking up the pace among Indian shoppers as well. The excitement is evident in the growing number of individuals eagerly anticipating substantial discounts. Across the country, retailers have witnessed a substantial increase in online purchasing during the last Black Friday. Shoppers want […]
In an exclusive interview with Tarannum Manjul of Businessworld, Prashant Parameswaran, the Managing Director and CEO of Tata Consumer Soulfull, unveils Tata Soulfull’s remarkable journey of almost eight years in redefining millets as more than just superfoods. The conversation explores the brand’s strategies to bridge the urban-rural gap, insights into product planning, stringent quality controls, […]
Amazon is targeting merchandise exports worth USD 20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official said on Friday. “We are very encouraged by the number of entrepreneurs who signed up this year. We are looking to scale up,” Bhupen Wakankar, director of global trade, […]
Indian ecommerce exports are likely to touch USD 200 billion in the next 6-7 years and will play a critical role in achieving the USD 2 trillion goods and services export target, a senior Directorate General of Foreign Trade (DGFT) official said here on Friday. Addressing the ‘FICCI E-commerce Exports’ conference, Additional Secretary and DGFT […]
The ongoing festive season has given commerce companies and online brand sales a big boost. Categories such as electronics, food, grocery and jewellery have reported a double-digit growth over the last year. According to Grant Thornton Bharat, more than 50 per cent of the total festive sales have come through online platforms, against 45 per […]
Ecommerce has witnessed a robust revival in sales during the festive season, primarily fueled by a surge in premium purchases across categories such as mobiles, large appliances, jewellery and beauty products, according to industry experts. The trend of premiumisation was notably prominent this year, driven in part by increased accessibility to credit and EMI options, […]
External Affairs Minister (EAM) S Jaishankar has said India’s trade with Africa today is in excess of USD 100 billion and is fairly evenly balanced. “Our trade with Africa today is in excess of USD 100 billion and it’s actually fairly evenly balanced. It’s not just trade, India is among the top five investors in […]
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, witnessed a significant upturn in its financial performance for the fiscal year 2023. Data accessed from the business intelligence platform Tofler revealed that HCCB’s net profit more than doubled, soaring to Rs 809.32 crore for FY23. This impressive result followed a 41.51 per cent […]
Tata Consumer Products (TCPL) has reported a consolidated net profit of Rs 359.18 crore for the September quarter of FY24, indicating a modest growth of 1.18 per cent compared to Rs 354.98 crore in the same quarter of the previous financial year. The group’s consolidated net profit stood at Rs 363.98 crore. The company reported […]
The festive season is the peak period for home decor retailers, as they usually witness a substantial surge in sales, sometimes doubling or even tripling their regular numbers. According to the retailers, these sales are often driven by customers planning major home makeovers, hosting parties, or purchasing new properties during festivals As the festive season […]
