Diamonds have always been an enduring symbol of love, happiness and the celebration of life’s most cherished moments. As we approach the upcoming festive season, the diamond jewelry industry is poised for significant growth, with expectations of a remarkable 20 per cent increase compared to last year’s festivities. This year has witnessed phenomenal growth in […]
The profit margins of fashion retailers are likely to contract by around 120 bps in FY2024 due to higher discounts and ad spends, despite an estimated 13 per cent revenue growth, the rating agency Icra has said. According to Icra’s recent industry analysis, the operating profit margins of 11 listed retail entities in its sample set, […]
Ahead of the highly anticipated Big Fashion Festival, Myntra’s marquee annual festive shopping bonanza, Myntra has strengthened its collection in the Home category by adding 50,000 new stylish products and over 20 new brands in the last quarter. Popular segments in Myntra’s Home portfolio include fine and elegant Home Furnishing, Trendy Art & Decor pieces, Lamps & Lighting, Kitchen & […]
The government has reduced the permissible wheat stock for traders, wholesalers and large-scale retailers to 2,000 tonnes from 3,000 tonnes, with immediate effect. The move aims to curb the rise in prices, according to Sanjeev Chopra, Secretary of Food and Public Distribution. However, Processors can maintain the same quantity of stock as earlier. Chopra emphasised […]
Ahead of Ganesh Chaturthi festival, Goa Chief Minister, Pramod Sawant, on Thursday unveiled the Goa Chavath e-Bazaar, listing products by local women entrepreneurs and self-help groups on ‘Swiggy Minis’ as part of a Memorandum of Understanding (MoU) with online delivery platform, Swiggy. The delivery platform entered into an agreement with the Goa government on Thursday […]
The Society of Indian Automobile Manufacturers (SIAM) has revealed that August 2023 witnessed achievements in the Indian automotive industry, with the highest-ever year-on-year monthly sales for Passenger Vehicles and Three-wheelers. The announcement was made by SIAM during the release of the monthly sales data for August 2023. Highest-ever passenger vehicle sales reported. This growth reflects the resilience […]
A report on Thursday revealed that 54 per cent of consumers in India will engage in hybrid shopping, combining online and offline methods close to the heels of the upcoming festive season, Dusshera and Diwali. The study by InMobi found that 84 per cent of buyers have increased their online shopping budgets compared to last […]
Amid Raksha Bandhan 2023, the Confederation of All India Traders (CAIT), a national-level trade organisation on Monday has estimated that India will register a revenue of over Rs 10,000 crore. BC Bhartia, National President and Praveen Khandelwal, Secretary-General, CAIT said, “This year Rakhi business is expected to be around Rs 10,000 crore whereas last year […]
Delhi-NCR recorded an increase in retail leasing by 65 per cent YoY across investment-grade malls, high streets and standalone developments in Jan-June’23 says a report by CBRE South Asia. As per the report, the total leasing during this period stood at 0.70 mn. sq. ft. compared to 0.42 mn. sq. ft. in the corresponding period […]
The Confederation of All India Traders (CAIT), a trade organisation, encouraged traders to boycott Chinese products over the holiday season in order to cost China Rs 1 lakh crore in trade through the refusal of traders and importers to bring in festive and other goods. On the other hand, traders are anticipated to generate almost […]
