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K Raheja Corp to construct mall at a cost of Rs 600 cr in Vizag

The mall is expected to become operational in three years Amaravati: Real estate developer, K Raheja Corp, on Tuesday announced that it will build a 6 lakh sq ft mall at a cost of Rs 600 crore at Visakhapatnam. The real estate...

7 areas every eCommerce business should focus on

eCommerce is an extremely competitive space. Paying attention to these key areas will help businesses drive growth and offer a superior customer experience In 2022, the online seller base in India has grown by 35% year-on-year, according to a recent...

5% global minimum tax to come into effect next year: OECD

The OECD said that till date, around 50 jurisdictions have taken steps to implement the global minimum tax.  New Delhi: Global minimum tax of 15 per cent will come into effect from next year and by 2025 almost 90 per...

India franchise industry to touch $140-150 billion in next 5 years, says report

The Indian franchise industry is valued at around Rs 800 billion and is expected to continue growing in the coming years at a rate of 30 to 35% per annum New Delhi: The India franchise business is expected to touch...

Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million

Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI data Mumbai: Credit...

Startups in India to grow tenfold in next 4-5 years: Union MoS Rajeev Chandrasekhar

From being predominantly focussed on IT and ITes, the next 4-5 years India will witness substantial growth for startups and unicorns Hyderabad: Hailing India's remarkable progress in building unicorns and startups, Union Minister Rajeev Chandrasekhar prophesised that the next 4-5 years...

Rs 200 cr business affected due to rains flooding in Delhi, say traders

The Chamber of Trade and Industry said that the markets of Old Delhi, Kashmiri Gate, Mori Gate, Monestry Market, Chandni Chowk, Jama Masjid, Bhagirath Place, Lajpat Rai Market, Kinari Bazar, Fatehpuri, Khari Baoli, Naya Bazar have been affected New Delhi:...

Consumers spent $6.4 billion on first day of Amazon Prime Day: Study

This represents a 5.96% growth year-over-year (YoY) for Amazon Prime Day in terms of sales New Delhi: Amazon.com Inc. generated a sale of $6.4 billion on the first day of its flagship shopping event ‘Prime Day’ in the US, according...

Charles & Keith opens its first duplex flagship store in South Korea

Situated in the Gangnam neighborhood of Seoul, it is spread across an area of over 3,552 sq. ft. and it is Charles & Keith’s 12th store in the country New Delhi: Singapore-based shoes and accessories fashion label Charles & Keith has opened...

ITC’s FMCG biz records 21% rise in annual consumer spend at Rs 29,000 crore in FY23

In terms of distribution reach, ITC's products reached 230 million households in FY23, up from over 200 million households in FY22 New Delhi: Diversified conglomerate ITC's FMCG business has recorded a 21 per cent rise in annual consumer spend to...

7-Eleven celebrates 96th birthday with free slurpees in US and Canada

7-Eleven is also offering its VIP customers—who have maximum points on the brand’s app—two extra free slurpees as part of its loyalty programme New Delhi: Texas-based convenience store chain 7-Eleven is offering free slurpees on 7 July 2023, as it celebrates its...

Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors

Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee of Creditors (CoC), formed for the debt-ridden Future Group firm New Delhi: Future Lifestyle Fashions Ltd...

Investment in Indian startups in H1 2023 lowest in last four years: PwC India

Investments fell by 36 per cent in January-June to $3.8 billion, as investors are taking longer time in due diligence of every aspect of business New Delhi: Funding in Indian startups fell by 36 per cent in January-June to $3.8...

Scaling for success: Five reasons why e-commerce businesses should partner with enablers

Strategies for choosing and collaborating with the right enablement partner in e-commerce New Delhi: Redseer estimates e-commerce in India to grow nearly three times in the next three years to reach $163 billion by 2026, growing at a compound annual...

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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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