Sonalika Tractors reported its highest-ever quarter first overall sales of 40,700 tractors in financial year 2024. According to the company, the monsoon season has rapidly expanded its pace in major parts of the country, which is a healthy sign for farming and groundwater replenishment in India. Alongside this, various government subsidies and MSP support have […]
Fitch Ratings expects India’s petroleum product demand in during 2023-24 to grow by a mid-single-digit percentage after a 10 per cent rise the past year. The past year’s growth was aided by the post-pandemic pent-up demand. “Medium-term product demand growth is supported by Fitch’s expectation of 6-7 per cent GDP growth for India over the […]
Ekart, a supply chain network, will now offer B2B trucking and transportation services through a fleet of more than 7,000 trucks across the country, the company announced on Monday. According to the company, the launch of its B2B Express services across air and surface modes will cater to brands, manufacturers and retailers across industries. This […]
As the number of outbound shipments from India reduced in the last four months, the Union commerce ministry has called a meeting of exporters on Monday to take stock of the situation. According to reports, exporters are expected to raise concerns about things like providing more support for participation in international exhibitions and fairs, moving […]
Mundra Port, the flagship port of Adani Ports and Special Economic Zone (APSEZ) achieved a significant accomplishment by berthing the 399 meters long and 54 meters wide vessel, MV MSC Hamburg, equaling 4 football fields, at Mundra port here, an official statement, issued by Adani Group, said on Sunday. The Adani Ports & Special Economic […]
Xiaomi India, the Chinese smartphone brand is reducing its workforce to less than 1,000 employees due to a reorganisation, a decline in market share, and increased scrutiny from government agencies, according to current and former employees of the company. At the beginning of 2023, Xiaomi India had employed around 1,400 to 1,500 people, but in […]
Hammer, an athleisure tech brand that appeared on the first season of Shark Tank, has seen extraordinary growth and success post getting a deal on the show. In an exclusive conversation with BW Retail World, the company’s founder & chief operating officer (COO), Rohit Nandwani revealed that at the time of the brand’s episode airing, […]
The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing Co. Limited by Aditya Birla Fashion and Retail Limited. The proposed combination involves the acquisition of 51 per cent of the “expanded share capital”. The acquirer Aditya Birla Fashion and Retail Limited is a listed company and is part of the Aditya […]
Ecommerce majors such as Amazon and Flipkart have been invited to join India’s digital public infrastructure Open Network for Digital Commerce (ONDC), said the network’s Chief Executive Officer T Koshi. In an interaction with ANI, Koshi said it invited them and they were welcome to the network. “They are looking at (ONDC) seriously and we […]
SPAR Hypermarket, has joined Open Network for Digital Commerce (ONDC). SPAR Hypermarket’s D2C catalog is now discoverable by shoppers on the ONDC network. With this integration, SPAR Hypermarket’s catalog can be seen on all apps that a consumer is shopping from across a network that is rapidly developing. This will enable SPAR Hypermarket to expand […]
