Snitch Enters UAE Through Fashion Marketplaces Noon & Namshi
The brand will now reach customers across the UAE and the broader Gulf Cooperation Council (GCC) ecosystem through this collaboration
Fashion & Lifestyle
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Kalyan Jewellers Revenue Up 34% In Q4 FY2024
- by BW Retail World Bureau
- April 5, 2024
Despite a steep surge in gold prices in the second half of the quarter, jewellery giant Kalyan Jewellers’ consolidated revenue increased by roughly 34 per cent in Q4 FY2024, the company stated in a quarterly statement on BSE. The jewellery retailer’s consolidated revenue increased by 31 per cent in FY2024 compared to the previous year. […]
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Kalyan Jewellers Q3 Revenue Jumps 34%, India Drives Growth With 40% Surge
- by BW Retail World Bureau
- January 31, 2024
Kalyan Jewellers on Wednesday reported consolidated revenue of Rs 5,223 crore in quarter financial year 2024 (Q3 FY24) as against Rs 3,884 crore in the corresponding period of the previous year, a growth of over 34 per cent. The consolidated profit after tax (PAT) for Q3 FY24 was Rs 180 crore against a PAT of […]
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The Baker’s Dozen Raises Rs 33 Cr Fund In Pre-Series A Round
- by BW Retail World Bureau
- January 11, 2024
The Baker’s Dozen (TBD), an artisanal bakery brand, has raised Rs 33 Crore in the pre-series A funding round. The investment round, was spearheaded by Wipro Consumer Care – Ventures, Fireside Ventures, Mirabilis Investment Trust and She Capital. This strategic investment will be channeled towards expanding TBD’s presence beyond metros, targeting growing markets in non-metro […]
International
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Global Oil Prices Surge Over 2% Amidst Geopolitical Tensions
- by BW Retail World Bureau
- January 3, 2024
Oil prices witnessed a robust start to the New Year, surging over two per cent in the first trading session. The spike was attributed to potential disruptions in Middle East supply chains following the recent attack on a container ship in the Red Sea. Brent crude rose by USD 1.72, or 2.2 per cent, reaching […]
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Trade
India’s Rupee Payment Push For Oil Imports Stalls Over Supplier Concerns
- by BW Retail World Bureau
- December 25, 2023
India’s attempt to use the rupee for crude oil imports has not been given the desired outcomes, said the Oil ministry. The suppliers have expressed concerns about repatriating funds and high transactional costs. As per international trade practice, the default payment currency for all contracts for importing crude oil is the USD. However, to globalise […]
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Used Car Marketplace Droom Plans IPO In March 2025
- by BW Retail World Bureau
- November 30, 2023
The founder and CEO of used car marketplace ‘Droom’, Sandeep Aggarwal said on Wednesday that the company plans to come up with an initial public offering (IPO) in March 2025. In an exclusive interview with ANI, Aggarwal said that the company is planning to restart the IPO process next year and in March 2025, the […]
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Basmati Paddy Prices Surge 11-14% In India Amidst Robust Global Demand
- by BW Retail World Bureau
- November 27, 2023
Mandi prices of various basmati paddy varieties in India have witnessed a significant surge, ranging from 11 to 14 per cent, just one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to USD 950/tonne, aiming to stimulate exports. Exporters attribute the increase in basmati paddy prices to robust […]
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Dabur To Expand Manufacturing Footprint With New Factory In South India
- by BW Retail World Bureau
- November 20, 2023
Dabur, an FMCG and ayurvedic products maker is planning to set up a new factory in South India in less than a year’s time, as its business scales in the region, according to the news agency PTI. Dabur, having reported a significant increase in its domestic sales from South India contributing 20 per cent of […]
Food
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UAE Food Industry Seeks Indian Govt Support To Boost Imports
- by BW Retail World Bureau
- October 9, 2023
The UAE food industry, seeking support from the Indian government for imports, has emphasized the substantial demand in Middle East countries for various products such as chicken, dairy, basmati rice, frozen marine goods, and wheat from New Delhi. To facilitate this, the industry has requested assistance in streamlining certification processes, enhanced coordination with the Agricultural […]