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Scorching summer to boost AC volume by 15-20% this fiscal: Report

The Air Conditioner (AC) makers are expected to register an operating profit margin of 8.8-9.2% in FY24 Mumbai: On the back of a record 26-28% volume growth in FY23, the air conditioner market is set to log in another healthy...

Nykaa expects over 30% growth in FY23 revenue

The company estimated subdued growth in the fashion business, due to consumers tightening their wallets on discretionary spending New Delhi: Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, is expecting over 30 per cent growth...

Amazon removes 6 million counterfeit items from supply chains

Amazon said that it stopped over 800,000 attempts to create new selling accounts in 2022 and removed 6 million counterfeit products New Delhi: E-commerce major Amazon removed six million counterfeit items globally from the supply chain in 2022, the company said in...

PhonePe forays into local commerce with Pincode app on ONDC network

The Pincode app will be available initially in Bengaluru and it will expand to other cities after the app achieves transactions of around 10,000 per day New Delhi: Walmart-backed PhonePe on Tuesday announced its foray into local commerce with the launch...

CCI approves Haldiram group merger plan

The Competition Commission of India on Monday approved the proposed combination involving demerger of Haldiram Snacks and Haldiram Foods. New Delhi The Competition Commission of India (CCI) on Monday approved the proposed combination involving the demerger of the FMCG business of...

Flipkart Wholesale launches its flagship omnichannel campaign Vyapari Diwas for kirana members

The campaign will go live from 3 April - 9 April 2023 across Flipkart Wholesale stores, and online platform and mobile application Bengaluru: Flipkart Wholesale, the digital B2B (business to business) platform of Flipkart Group, has launched Vyapari Diwas, the company’s...

Asus India launches Select, an exclusive store for refurbished PCs

Asus plans to open at least one Select store in each division of West, East, and South India New Delhi: Taiwanese tech company ASUS India launched a select store for refurbished personal computers (PCs). The brand’s latest store is located at...

Samsung plans 15 premium experience stores across 9 cities by December

Samsung will add another 13 stores across nine cities -- Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Ahmedabad, Kolkata, Chandigarh and Pune in phase 1 New Delhi: Korean electronics major Samsung is planning to set up 15 premium experience stores across nine...

Meesho becomes India’s fastest e-commerce platform to cross 1 million sellers

More than 80% of Meesho’s 1.1 million sellers are new to e-commerce and selling online for the first time Mumbai: Meesho, an e-commerce marketplace, recently crossed the milestone of 1.1 million sellers on its platform with more than 600,000 small...

Retail space leasing in 8 cities to rise 17-28% in 2023 to 55-60 lk sq ft: CBRE

The rise is driven by demand from retailers in fashion & apparel, homeware, and departmental stores categories New Delhi: Leasing of retail space in malls and prominent high-street locations across eight major cities is expected to rise 17-28 per cent...

BIS framing quality standards for yoga equipment amid rising yoga popularity

The standard framed for 'yoga centre' specifies the service requirements for operations, benchmarking and infrastructure, including minimum qualification for yoga wellness instructors and staff of the yoga centre New Delhi: Amid the growing popularity of yoga across the world, the...

Coke bullish on Indian market; to continue investing through partners

The reasons for the company's bullish outlook on India is the infrastructure development that is taking place in a "systematic way" across the country Lucknow: Global beverages major The Coca-Cola Company is bullish on the Indian market and is continuing to...

Mamaearth’s parent company still in talks with Sebi on IPO; awaits approval

The clarification comes after certain media reported that the company has put its initial public offering (IPO) on hold amid weak market conditions New Delhi: Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, on Monday said it...

Five Nykaa executives quit; firm calls it ‘voluntary and involuntary exits’

Those who have resigned include Nykaa SuperStore CEO Vikas Gupta, Nykaa Fashion chief business officer Gopal Asthana, chief commercial operations officer Manoj Gandhi, business head Shuchi Pandya and finance head Lalit Pruthi New Delhi: Five senior executives of Nykaa, including...

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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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