coronavirus

Reliance Retail on Thursday reported a 47.42 percent decline in pre-tax profit at Rs 1,083 crore for the quarter ended June 2020, impacted by the coronavirus lockdown. The retail arm of Reliance Industries Ltd (RIL) had posted a pre-tax...

Westlife Development Ltd on Thursday reported a consolidated net loss of Rs 57.56 crore for the quarter ended June 2020, hit by the COVID-19 pandemic. Westlife Development owns Hardcastle Restaurants -- the master franchisee of McDonald's for west and south...

In an interesting development, results of a survey conducted by Viviana Mall across Thane and the MMR threw up some interesting revelations where patrons of the mall were subjected to a series of questions to ascertain their preferences and...

The outbreak of pandemic and the ensuing lockdown across the world have shaken the very foundation of the retail industry. Even post unlocking, brands are feeling the heat, mostly due to altered consumer behaviour. “Due to the rapid spread of...

The apparel segment continues to be the worst hit in retail due to COVID-19 as store closures and virus-wary consumers’ have severely dented the seasonal spending. Furthermore, the rising unemployment and threat of a global recession will exacerbate the...

The coronavirus pandemic has shifted focus of Indian consumers towards digital experience and they intend to use it to procure products, including discretionary purchases, going forward as the number of infections increase, says a study. As per Deloitte Global State...

Softbank-backed Grofers on Tuesday said the lockdown period has given its business a boost towards sustainability and helped it move closer to hitting profits by the end of next year. According to a PTI report: The online grocery platform, which...

Diversified group ITC Ltd on Friday reported a 25 percent decline in consolidated profit after tax at Rs 2,567.07 crore for the first quarter ended June 30 amid challenges of the coronavirus pandemic. The company had posted a consolidated...

"One cannot think well, love well, sleep well, if one has not dined well," wrote Virginia Woolf in another time and another context. Decades later, as COVID-19 continues its spread, the words echo the wistful longing of those itching...

It is said that the change is only constant and more often than not inevitable for those who want to remain relevant. For the world of business this paraphrase has been more evident and tangibly felt in last couple...