India’s smartwatch shipments experienced a 21 per cent year-on-year (YoY) growth in the third quarter of 2023 (Q3 2023), reaching a historic high for domestic manufacturing at 82 per cent, compared to a 4 per cent a year ago, according to a Counterpoint Research report. The surge in shipments was primarily fueled by a substantial […]
The fast-fashion brand, Urbanic is expecting a 2X growth in India from its Black Friday Sale. “Till now, we have observed a significant increase in website traffic and are expecting 2x more customers to shop,” Rahul Dayama, Head of Marketing at Urbanic said. The brand that follows the calendar year, experienced a 250-275 per cent […]
Black Friday sales are no longer limited to the West as it is picking up the pace among Indian shoppers as well. The excitement is evident in the growing number of individuals eagerly anticipating substantial discounts. Across the country, retailers have witnessed a substantial increase in online purchasing during the last Black Friday. Shoppers want […]
Coca-Cola India announced its entry into the ready-to-drink tea market by introducing ‘Honest Tea.’ The brand falls under Honest, a Coca-Cola Company subsidiary. The organic green tea component will be supplied by Luxmi Tea Co Private Ltd’s Makaibari Tea Estate in Kolkata, as per the memorandum of understanding signed during the seventh edition of the […]
As the year ends, industry analysts and retailers predict a lower shipment for Apple devices like Macs, iPads, AirPods and smartwatches in India even after the tech giant’s iPhone demand continues to surge, according to a media report on Thursday. The report underlined that Mac shipments will likely fall between 15 per cent and 18 […]
A decline in international crude oil prices will help control India’s inflationary pressures going forward, the country’s finance ministry said in a report on Tuesday. India’s retail inflation eased in October to a four-month low of 4.87 per cent, edging closer to the central bank’s target of 4 per cent. India’s crude oil basket has […]
India’s gems and jewellery exports experienced a decline of 11.49 per cent, reaching Rs 22,873.19 crore (USD 2,748.01 million) in October, as per data from the Gem and Jewellery Export Promotion Council (GJEPC). In comparison, gross exports in October 2022 were Rs 25,843.84 crore (USD 3,134.85 million). Cut and Polished Diamonds (CPD) exports fell by […]
Amazon is targeting merchandise exports worth USD 20 billion from India by 2025 by adding thousands of small sellers to its e-commerce platform, a company official said on Friday. “We are very encouraged by the number of entrepreneurs who signed up this year. We are looking to scale up,” Bhupen Wakankar, director of global trade, […]
Ola Electric, led by Bhavish Aggarwal, has transitioned into a public company in preparation for an upcoming public listing, according to media reports. The transformation from Ola Electric Mobility to Ola Electric Mobility was officially documented in filings with the Registrar of Companies, Bengaluru. The company, a prominent player in electric vehicle manufacturing, is set […]
India is worried about Britain’s possible tax on imports of high-carbon goods like steel and wants a mechanism in their planned free-trade agreement (FTA) to address issues arising from such a measure, three Indian sources said. Earlier this year, Britain initiated consultations with domestic stakeholders on measures such as a potential carbon border tax, which […]
