North India Leads Next-gen Last-mile Delivery Evolution, Shows Report
The report states that the region’s strong Tier 2 and Tier 3 linkages, growing air connectivity and drone operations reflect a decisive shift towards future-ready logistics
Consumer
Logistics
Economy
National
News
India’s GDP Growth Surges To 8.4% In Q3, FY24 Forecast Pegged At 7.6%
- by Sangeet Kumar Sanu
- March 1, 2024
India’s GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24 and the country continued to remain the fastest-growing major economy. The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters – April-June and July-September, data released by the Ministry of […]
Brands
Companies
E-commerce & Marketplaces
News
States
Amazon Starts Delivery Service In Remote Uttarakhand Village
- by BW Retail World Bureau
- February 21, 2024
Amazon said on Tuesday that it had begun its delivery service in Gajoli, a rural village in Uttarkashi district, Uttarakhand. According to the firm, it is the first and only e-commerce company to transport items to the Maharishi Ashram in Gajoli, which sits at 4,500 feet in the Himalayan mountains. There are no businesses or delivery […]
Feature
FMCG
Government
National
News
FMCG Sector Hails Budget 2024 As Positive For Growth
- by Amisha Sharma
- February 2, 2024
The Finance Minister presented the interim budget for the fiscal year 2024-25 on 1 February, and fast-moving consumer goods (brands) players have many things to say as they have welcomed the Interim Budget 2024. Industry players believe that the government’s interim budget maintains continuity in policies, focusing on welfare and support for the ‘Garib,’ ‘Mahilayen,’ […]
Companies
Electronics
Feature
Finance
Government
National
News
Indian Electronics Players Seek Export Push & Tax Cuts In Budget
- by Amisha Sharma
- January 31, 2024
Indian electronics players seek tax reductions and export opportunities to sustain the ‘Made in India’ momentum and compete with challenges posed by Chinese brands The spike in ‘Made in India’ items seen in the Indian sector last year, combined with the exit of numerous Chinese brands, has created opportunities for local players. However, competing directly […]
Feature
National
News
Retail
Interim Budget 2024: India’s Retail Sector Eyes Transformative Boost
- by Tarannum Manjul
- January 31, 2024
As India’s consumer industry stands at the cusp of a monumental transformation, with projections indicating it will become the world’s third-largest market by 2027, leaders in the retail sector are keenly awaiting the Interim Union Budget for FY 24-25 At the precipice of a significant shift in India’s consumer industry, poised to secure its position […]
Brands
Companies
Feature
FMCG
News
Interim Budget 2024: No Fireworks Expected Yet FMCG Sector Seeks Rural Rebound
- by Amisha Sharma
- January 29, 2024
FMCG sector navigates muted rural demand and eyes government support in the upcoming budget for growth, innovation and healthier product incentives The rural demand has been muted over the past quarter for almost all fast-moving consumer goods (FMCG) companies. The Interim Budget that will be presented on 1 February will be a Vote on Account […]
Companies
News
Indian Cement Industry Plans 150-160 MT Capacity Expansion Over 4 Yrs
- by BW Retail World Bureau
- January 26, 2024
The cement industry, spurred by rising demand in infrastructure and housing, is set for a significant capacity expansion, aiming to add 150-160 million tonne (MT) from FY25 to FY28, according to a report by Crisil Ratings. Over the past five fiscal years, the industry has already augmented its capacity by 119 MT annually, reaching a […]
Brands
Companies
Logistics
News
Mahindra Logistics To Build 6.5 Lakh Sq Ft Facility With Rs 170 Cr Investment
- by BW Retail World Bureau
- January 25, 2024
Mahindra Logistics (MLL) has revealed that the construction of a warehousing facility in Phaltan, Maharashtra, with an investment of Rs 170 crore. The strategic move aims to cater to the rising demand in the region, particularly within the automotive and manufacturing sectors. Spanning 6.5 lakh square feet, the facility will be built in two phases. […]
Brands
Companies
Finance
News
Havells Q3 Net Profit Inches Up, Revenue Grows While Demand Remains Subdued
- by BW Retail World Bureau
- January 24, 2024
Consumer electrical goods maker Havells India on Tuesday reported a 1.54 per cent increase in its consolidated net profit to Rs 287.91 crore for the third quarter ended December 2023. The company had posted a consolidated net profit of Rs 283.52 crore in the October-December quarter a year ago, according to a regulatory filing from […]