The slow growth in private consumption signals a mild expansion of sales activity of Indian micro, small and medium enterprises (MSMEs), according to the Jocata Sumpoorn index. Jocata Sumpoorn moved up to 0.62 in October, showing sales activity for credit-seeking MSMEs in the zone of moderate expansion. As sales performance had been in the zone […]
India’s leading payments and financial services distribution company Paytm has announced the expansion of its loan distribution business with an enhanced focus on higher ticket loans for consumers and merchants. The company highlighted that these loans will be targeted at lower-risk and high-credit-worthy customers in partnership with large banks and NBFCs. Amid recent macro developments […]
Wipro Consumer Care and Lighting has completed the acquisition of personal care brands Jo, Doy, and Bacter Shield from VVF (India), marking its 15th acquisition to date and the third in the past twelve months. This move reflects the company’s plan to expand its presence in the personal wash segment, as its already existing portfolio […]
UltraTech Cement, an Aditya Birla group company, announced on Wednesday that it had purchased the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore. UltraTech Cement said in a regulatory filing that it had acquired the 0.54 mtpa cement grinding assets of Burnpur Cement, which is based in Patratu, Jharkhand. “The […]
India’s largest multiplex operator PVR Inox will open 150 screens in the fiscal year 2025 with nearly Rs 500 crore investment, the news agency PTI reported. With the opening of a six-screen luxury cinema at Maison Inox on Thursday, the company now operates 118 screens across 23 properties in the megapolis. Overall, including its property in […]
Fashion group SMCP, the owner of French fashion labels Sandro and Maje, announced on Thursday that it has entered into a deal with Reliance for expansion into India. The company will join other prestigious European brands in opening stores in the Jio World Plaza mall in Mumbai. According to SMCP CEO Isabelle Guichot, “There aren’t […]
The Hinduja Group’s flagship company, Ashok Leyland, has indicated that it is interested in obtaining outside funding for Switch Mobility, its electric car subsidiary. The managing director, Shenu Agarwal, stressed how crucial it is to choose the ideal strategic partner for this project. Agarwal emphasised that although the company welcomes outside investment, it would continue […]
The festive season is an exciting time for retailers, especially for those in the jewellery industry, given the rise in demand by festive enthusiasm and an uptick in weddings. This combination of events makes a lively and special time for jewellery retailers. However, with great opportunities, it also brings challenges to the jewellers. “Increased demand […]
Abu Dhabi Investment Authority is set to invest Rs 4,966.80 crore into Reliance Retail Ventures, acquiring a 0.59 per cent stake in the company, as confirmed by Reliance Industries on Friday. In a regulatory filing, Reliance Industries stated, “This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore (USD 100.83 billion), […]
PVR Inox, the multiplex chain, has forged a strategic partnership with Devyani International, the franchisee of Costa Coffee, to offer premium coffee at selected upscale properties. In a regulatory filing, PVR Inox stated, “PVR INOX Ltd has entered into an arrangement with Devyani International Ltd on October 4, 2023, for introducing Costa Coffee’s handcrafted hot […]
