The RBI has restricted Paytm Payment Banks from taking any further deposits or credit transactions which results in 55 per cent loss to the Paytm stocks One of the first unicorns of the Indian startup ecosystem, Paytm, which operates under the umbrella brand One97 Communication, was hit by an unexpected whip from the country’s central […]
Coca-Cola Company on Tuesday that India and Brazil drove beverage volume growth in the developing and emerging markets in 2023. James Quincey, Chairman and CEO of the Coca-Cola Company, stated during the earnings call on Tuesday that the India business “experienced a robust growth in 2023,” In the December quarter, the company witnessed a 7 per cent […]
Apple topped the India tablet PC market in both 2023 and the December quarter, with a 25 per cent share despite a fall in sales. Samsung was in second place with a 23 per cent market share in 2023, according to a research. “In CY (in calendar year) 2023, Apple led the tablet market with […]
Retail inflation in India eased in January to 5.10 per cent on an annual basis compared to a four-month high of 5.69 per cent in December. Inflation rates in rural and urban areas, respectively, stood at 5.34 per cent and 4.92 per cent, down from 5.93 per cent and 5.46 per cent, reported in the […]
Homegrown garment business Bombay Shirt Company has secured Rs 54 crore in a Series B fundraising round led by Singularity, which includes contributions from Caratlane founder and Singularity general partner Mithun Sacheti, according to a news press release on Monday. As part of the deal, new investors enter the capital structure through a secondary buyout of […]
Panasonic unveiled their air conditioner lineup for 2024 on Monday, with 60 new models, the majority of which are inverter ACs. Panasonic Life Solutions India (PLSIND) recently announced the launch of India’s first matter-enabled room air conditioners, which are driven by its IoT platform Miraie. A matter-enabled gadget may be configured in a matter of […]
Conscious Chemist, a Shark Tank-featured skincare firm, has obtained Rs 10 crore in debt finance from Recur Club, according to a press statement. The funds will be used to market the brand, expand its product categories, and open physical retail stores. “Capital from Recur Club will enable us to execute our business plan, achieving over […]
Retail vehicle sales across India saw strong growth across all vehicle categories this January, with the overall market expanding by 15 per cent. Two-wheelers (2W) sales grew 15 per cent, followed by three-wheelers (3W) at 37 per cent, passenger vehicles (PV) at 13 per cent, tractors at 21 per cent and commercial vehicles (CV) at […]
India imported 1.2 million tonnes of vegetable oils in January 2024, 28 per cent lower than it shipped in the same month last year at about 1.7 million tonnes, data compiled by The Solvent Extractors’ Association of India (SEA) showed on Monday. Of the total imports, it consisted of 1.19 million tonnes of edible oils […]
A survey conducted by industry body FICCI revealed sustained and continued growth for India’s manufacturing sector in the last two quarters of 2023-24 (October-March). Compared to the previous quarter, October-December, when 73 per cent of respondents had reported higher production levels, in the current January-March quarter, around 87 per cent of respondents expected either higher […]
