A recent report by the consumer insights think tank, The Bharat Lab, has highlighted significant shifts in consumer spending patterns among Indian consumers in tier-2, tier-3, and rural markets. Drawing insights from the household consumption expenditure survey report for 2022-23, the report underscores a notable trend wherein consumers in these markets are allocating more of […]
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 […]
Union Commerce Minister Piyush Goyal said that India and UAE aspire to expand their bilateral trade to USD 100 billion. While addressing the ‘UAE India Business Summit’ held at the 10th edition of Vibrant Gujarat Global Summit, the Minister underscored the multifaceted nature of the India-UAE partnership, encompassing collaborations in space exploration, security, education, and […]
The consumer electronics sector gears up for sustained growth in 2024, riding on the success of 2023 The year 2023 will be remembered for the strong growth and positive sentiments towards the consumer electronics industry, as various brands in the sector reported record-high sales throughout the year, especially during the festive season. Whether during the […]
The India traditional PC (Personal Computer) market, which includes desktops, notebooks and workstations, reached 4.5 million units in third quarter of FY23, up 14 per cent year-over-year (YoY) according to a new report. During the quarter, the notebook category grew by 13.1 percent YoY, while the desktop category grew by 19.3 per cent and the […]
PepsiCo India anounced its ‘Partnership of Progress’ with the state of Assam in regard to its first foods manufacturing plant in Nalbari, Assam with an investment of Rs 778 crore (USD 95 Million). Spread over 44.2 acres, the state-of-the-art plant is proposed to be operational in 2025 and aims to provide direct and indirect employment […]
Hamleys, a toy shop announced the launch of its highly-anticipated ‘Hamleys Play’ in Lucknow for the first time at LuLu Mall on Saturday, 2nd September 2023. Based on the philosophy of community and parent-child bonding, this one-of-its-kind concept has been built with painstaking attention to detail such that it engages toddlers, kids, and parents alike. […]
Reliance Retail has unveiled its all new JioBook, a lightweight and pocket-friendly 4G-LTE powered laptop designed to cater to all age groups. JioBook touted as ‘India’s First Learning Book’ will be available at Rs 16,499 starting 5 August 2023, and customers can purchase JioBook from Reliance Digital’s online and offline stores, as well as through […]
India’s economic growth and its “interesting market” has opened up business opportunities for German companies, according to German Ambassador to India Philipp Ackermann. Ackermann who was on a two-day maiden visit from Thursday, said that India has had very solid growth for years now and is among the very few countries that has sustainable growth. […]
Procter & Gamble India will invest Rs 2000 crore to set up a new state-of-the-art personal healthcare manufacturing facility in Gujarat. The facility builds on top of P&G India’s existing manufacturing footprint of eight plants across the country and expands the existing presence in Gujarat. The new facility is situated across a 50,000 sqm area […]
