The Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore, official data showed Tuesday. The GST revenues generated in July 2023 were 11 per cent higher than it was registered in the same month last year. Of the total GST collection in July, CGST was Rs […]
Transport Corporation of India (TCI), an integrated supply chain and logistics solutions provider on Monday reported a 5.9 per cent year-on-year (YoY) growth in its consolidated net profit at Rs. 832 million for the first quarter of the financial year 2024, compared to Rs 786 million in Q1FY23. The company’s consolidated revenue from operations […]
French Crown, a D2C fast-fashion menswear brand is eyeing for investment of around Rs 10 million to expand its offline footprint in the market. In an exclusive conversation with BW Retail World, Ilesh Ghevariya, Founder of French Crown revealed that with looking for investment the brand is also working towards expanding its category to traditional […]
General insurance player Reliance General Insurance Company (RGICL) has raised the capital of Rs 200 crore by issuing equity shares to Reliance Capital. “With this capital raise, RGICL is reinforcing its commitment to financial strength and readiness to capitalize on emerging opportunities in the insurance sector,” the company said. Rakesh Jain, CEO of Reliance General […]
Pilot Pen, the well-known pen brand in the premium functional category on Monday announced its entry as a sole entity in India and dissolved its partnership with a popular Indian brand of writing instruments. According to Hiroki Kisaichi, MD PPIN, Pilot has invested about USD 85.5 million in setting up the new manufacturing unit in […]
The technical textile segment in India has in recent years shown robust growth, both internationally and in the domestic market, and the market is likely to double in the next five years, said Rachna Shah, Secretary, Ministry of Textiles. “Within India, the market size is around USD 22 billion, and the goal of the government […]
Shoppers Stop reported a 41 per cent year-on-year decline in its profit after tax (PAT) at Rs 13 crore for the quarter ended 30 June 2023, for the fiscal year 2023-24. However, its sales grew by 4 per cent at Rs 1, 241 crore for the quarter gone by, compared to the last year at […]
Amazon India announced that the 7th edition of Prime Day was the biggest-ever Prime Day event. Thousands of sellers, brands and bank partners came together this Prime Day to offer Prime members big savings of around Rs 300 crores. Prime members enjoyed the fastest deliveries this Prime Day with the highest number of same-day deliveries. […]
HealthMug, a health ecommerce startup, has joined forces with SIRONA, a brand specialising in feminine hygiene products. According to the media note, this association aims to enhance the accessibility of top-notch feminine care items for women all across India. By joining hands, HealthMug and SIRONA aim to address critical concerns pertaining to feminine hygiene while […]
The rating agency Icra estimated pan-India premium hotel occupancy at 70 to 72 per cent in FY2024, after recovering to 68 to 70 per cent in FY2023. Pan-India premium hotel average room rates (ARRs) are expected to be at Rs 6,000 to 6,200 in FY2024. While the occupancy is expected to be at decadal highs, […]
