Footwear retailer Liberty Shoes has reported a dip of 62.9 per cent in net profit at Rs 1.85 crore in the unaudited results of the third quarter ended 31 December the current fiscal 2022-23 as compared to the net profit of Rs 4.99 crore in the same period of the previous fiscal 2021-22, according to […]
Ecommerce in India is in its early stages, with logistics costs being the most significant problem, news agency PTI reported, quoting a top Flipkart executive on Tuesday. Speaking at the Walmart development Summit, Flipkart CEO Kalyan Krishnamurthy stated that the government has reduced taxation and implemented ease of doing business as a strategy, which is one […]
The Finance Minister presented the interim budget for the fiscal year 2024-25 on 1 February, and fast-moving consumer goods (brands) players have many things to say as they have welcomed the Interim Budget 2024. Industry players believe that the government’s interim budget maintains continuity in policies, focusing on welfare and support for the ‘Garib,’ ‘Mahilayen,’ […]
India’s agriculture exports, presently exceeding USD 50 billion, are set to witness a significant surge, potentially doubling to reach USD 100 billion by 2030, as stated by Commerce Secretary Sunil Barthwal on Monday. Addressing the audience at the IndusFood Show 2024 in Greater Noida, Barthwal expressed confidence in the growth trajectory, stating, “I am very […]
A recent case study conducted by the Indian Institute of Management (IIM) Lucknow, commissioned by the Department for Promotion of Industry and Internal Trade (DPIIT), unveils a success story for the Indian toy industry in the fiscal year 2022-23. The study indicates a notable decline of 52 per cent in toy imports and an impressive […]
In a written response to a query in the Lok Sabha, Union Minister of State for Finance, Dr. Bhagwat Kisanrao Karad, affirmed that digital payments have witnessed a substantial surge in recent years, attributing the growth to coordinated efforts by the government in collaboration with various stakeholders. According to the Minister, the total volume of […]
