China’s Xiaomi said that smartphone component suppliers are hesitant about setting up operations in India due to the government’s severe surveillance of Chinese companies, the company said in a letter, according to Reuters. Xiaomi, which has the largest share of India’s smartphone market (18%), also requests in the letter dated Feb. 6 that India consider […]
Flipkart on Wednesday said that it will begin offering free same-day delivery of items across many categories in February. The facility would initially be offered in 20 cities, including Delhi, Bengaluru, Mumbai, Chennai, Guwahati, Ludhiana, Nagpur, Siliguri, Vijayawada, and Coimbatore, according to a statement from the Bengaluru-based firm. Products across categories like mobile phones, fashion, beauty products, […]
Jubilant Foodworks, the operator of the fast-food chains Domino’s Pizza and Dunkin’, on Wednesday, reported a decline of 18.2 per cent in consolidated net profit to Rs 65.70 crore in the third quarter (Q2) ended December 2023 as against the net profit of Rs 80.36 crore in the same period of the previous fiscal, according […]
The automotive industry anticipates growth of six to nine per cent in FY2024, according to rating agency Icra, which attributes it to consistent industry demand. However, the sector is still on the lookout for possible supply chain hiccups and the effects of rising ownership costs on retail. In December 2023, the domestic wholesale volumes of […]
Retailers gear up for Budget 2024, seeking tax cuts, green push and digital boost. With the expected growth rate in mind, retailers are looking forward to specific measures in the Interim Budget 2024. They are expecting government support in terms of taxes and incentives to boost the sector’s growth. “Reducing gross and services tax (GST) […]
There is a growing trend of combining automatic identification and data capture (AIDC) technologies, such as barcoding, RFID and the internet of things (IoT), to enhance supply chain efficiency and precision. Biplab Banik, Sr.VP & Business Head at Bar Code India emphasises the transformative impact of these technologies on supply chain efficiency and retail operations. […]
Pegatron Corporation, a major supplier to tech giant Apple, has announced an investment of Rs 1,000 crore in Tamil Nadu. The investment is targeted at establishing a computing, communications, and consumer electronics manufacturing unit, bringing with it the promise of generating employment for approximately 8,000 individuals. The Memorandum of Understanding (MoU) formalising this investment was […]
Carrefour, a global supermarket chain with a significant presence in more than 30 countries, has decided to stop selling several PepsiCo products in France, Italy, Spain and Belgium. According to a report by Mauro Orru and Jennifer Maloney, published in The Wall Street Journal, the move comes as a protest against what Carrefour deems as […]
The consumer electronics sector gears up for sustained growth in 2024, riding on the success of 2023 The year 2023 will be remembered for the strong growth and positive sentiments towards the consumer electronics industry, as various brands in the sector reported record-high sales throughout the year, especially during the festive season. Whether during the […]
The US Treasury implemented new battery sourcing rules in December, to reduce dependence on Chinese suppliers in the electric vehicle supply chain. As a result of these rules, many electric vehicles, including models from Nissan, Tesla (Cybertruck All-Wheel Drive, Model 3 Rear Wheel Drive) and Chevrolet (Blazer EV), lost eligibility for tax credits of up […]
