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, […]
The Laundry Industry is expected to reach USD 70 billion at a compound annual growth rate (CAGR) of 6-7 per cent year-on-year (YoY) basis and yet the industry is highly unorganised and it is dominated by the local dhobis because people don’t have options, however, this scenario is changing, Anurabh Sinha, CEO of UClean in […]
DealShare, an ecommerce platform has announced the appointment of Saurabh Kishore as its new Chief Technology Officer (CTO). In this strategic role, Kishore will spearhead DealShare’s technology initiatives, drive innovation, and contribute to its continued growth and success. The new CTO brings a remarkable background in technology leadership, backed by an exceptional track record. He […]
Mitra, a direct-to-consumer (D2C) and Fast Moving Consumer Goods (FMCG) brand has opened its Alwar Oil Plant. According to the company, it has imported advanced machinery from Germany, ensuring a no-human-touch manufacturing process. Subsequently, the decision to set up the plant was driven by market demand and the need to introduce new oils, including soya […]
NimbusPost, a tech-enabled logistics service provider, recently announced an alliance with Recur Club, an alternative financing platform. This partnership will provide financing options to NimbusPost’s clientele base of more than 80,000 ecommerce sellers and D2C brands for their marketing and inventory spending, allowing better cash flow. According to the company, eligible ecommerce sellers on the […]
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs under Ministry of Finance in its monthly review report. According to the provisional estimates released […]
