Herbalife, a global nutrition brand is close to completing 25 years of operations in India, Ajay Khanna, Senior Vice President and Managing Director, Herbalife shared exclusive insights with BW Retail World about the company’s unique challenges and strategic initiatives for the Indian market. “In response to the pandemic, we onboarded multiple new suppliers to assist […]
Uniqlo, the largest clothing brand in Asia, has reported a 69 per cent increase in sales, with its Indian unit nearly tripling its net profit for the fiscal year ending in March 2023. According to their latest filing with the Registrar of Companies, the Japanese brand achieved a net profit of Rs 68.38 crore, with […]
Exide Industries has announced a significant investment of over Rs 100 crore in its wholly-owned subsidiary, Exide Energy Solutions Ltd (EESL). The subsidiary specialises in the manufacturing of advanced chemistry battery cells. This announcement was made via a regulatory filing on Thursday. Exide Industries disclosed that the investment was made through a subscription to the […]
Ferns N Petals (FNP) announced the impressive results achieved during its recent Rakhi Campaign it has shared that the brand has sold over 5 Lakh Rakhis Sold. With the majority of Rakhi gifts finding their way to Delhi NCR, Noida and Gurgaon. Dehradun, Bangalore, Pune, Amritsar, Ludhiana and Lucknow followed closely, showcasing the brand’s ability […]
Swiss group Bühler is set to make a substantial investment of CHF 21 million (Rs 200 crore) over the next two to three years in India. The investment is part of the company’s strategic plan to enhance its manufacturing capabilities in the country and address the growing demands of a flourishing domestic market and customers […]
The gross Goods and Services Tax revenue collected in the month of August was Rs 159,069 crore, official data from the Ministry of Finance showed on Friday. The monthly revenue is 11 per cent higher than the collection the same month the previous year. Of the total collection, CGST was Rs 28,328 crore, SGST was […]
India is getting digitally active. As per the data of the National Payments Corporation of India (NPCI), that manages real time payment platform UPI, August was a prosperous month for the Unified Payments Interface. UPI crossed 10 billion transactions in a month for the first time in August. According to the data till 30 August, […]
In an exclusive interview with BW Retail World, Harkirat Singh, the Managing Director, Aero Club (The maker of Woodland & Woods), shared insights about the company’s financial plans and how the company changed its marketing strategies post the pandemic. “Last year was basically the time when we came out of the pandemic and we started […]
Open Network for Digital Commerce (ONDC), recently celebrated a major milestone in its journey with over 50,000 restaurants now live for placing online orders on the Open Network, across 172 cities in the country. The number of restaurants on the Open Network shot up from 500 in February 2023 to 50,000 in August 2023, depicting […]
The Indian telecom industry demonstrated a positive trend in the fourth quarter of fiscal year 2023, with an impressive 2.53 per cent sequential growth in adjusted gross revenue (AGR), according to the latest data released by the Telecom Regulatory Authority of India (Trai) on Monday. The driving force behind this growth was attributed to the […]
