Radhakishan Damani, the man behind D-Mart, has secured the top spot on the list of self-made entrepreneurs, according to a recent announcement by Hurun, Damani took the top spot with a market capitalisation of Rs 2,38,188 crore. “The company’s success can be attributed to its focus on efficient operations, low-cost business model, and strong customer […]
In a strategic move to cut costs and diversify its supply chain, Walmart, the world’s largest retailer, has significantly increased its imports from India, reducing its reliance on China, according to exclusive data obtained by Reuters. Data from bill of lading figures, shared by data firm Import Yeti, reveals that Walmart shipped a quarter of […]
India’s business landscape witnessed remarkable developments, with a surge in mergers and acquisitions (M&A) and private equity (PE) activities. Quarter three (Q3) 2023 saw 68 deals amounting to USD 4.15 billion, indicating an 182 per cent increase in deal values from Q2 2023. The values also witnessed an exponential 491 per cent from Q3 2022, […]
Ecommerce giant Flipkart on Sunday said that its 10th edition of “The Big Billion Days” sale garnered 1.4 billion customer visits during the early access and the first seven days of the festive sales. The company said it extended its services to remote regions of the country this year, ensuring that customers in Andaman, Hayuliang […]
The Confederation of All India Traders ( CAIT) on Friday wrote a letter to Union Commerce Minister Piyush Goel expressing deep concern over the inordinate delay in rolling out of ecommerce policy and rules under the Consumer Protection Act. it asserted that the delay has given the blanket opportunity to foreign ecommerce companies Amazon & […]
Indian ecommerce is expected to grow five fold reaching USD 300 billion by 2030, with third-party logistics providers anticipating a surge in shipments to 17 billion over the next seven years, according to a recent Redseer report. The report indicates that with third-party logistics (3PL) expansion, the cost per shipment is expected to decrease by […]
The Confederation of All India Traders (CAIT) has registered a complaint with the Ministry of Consumer Affairs against a Flipkart advertisement featuring Bollywood icon Amitabh Bachchan, promoting the upcoming Big Billion Days sale. CAIT deems the advertisement as “misleading” and detrimental to the interests of small retailers in the country. In its statement, CAIT has […]
Farmley, a dry fruits and nuts specialist brand has launched Sugar-Free Date Bites, according to the brand it has no added sugar and the newly launched Date Bites are made with the goodness of 6 ingredients – Pista, Almonds, Dates, Cashews, Honey & Ghee. Talking about the new launch, Akash Sharma, Founder and CEO, Farmley […]
Reliance Retail, under the control of Mukesh Ambani, is reportedly engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, regarding a potential additional round of investments totaling around USD 1.5 billion. These talks are part of an internal objective to secure USD 3.5 billion in investments by […]
Flipkart, India’s homegrown e-commerce brand celebrated the success of its initiatives to support MSMEs, artisans and weavers with initiatives like Flipkart Samarth, a program that aims to contribute to the socio-economic development of communities with a special focus on women and rural entrepreneurs, differently-abled entrepreneurs, artisans and weavers across India while promoting traditional arts and […]
