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Lodha Group allows rent waiver to retail partners amid lockdown

City-based realty player Lodha Group on Thursday said it has decided to allow rent waiver for its retail partners after the government announced the 21-day lockdown in wake of the COVID-19 pandemic. "Retail partners, who are renting spaces in Lodha''s...

ITC sets up Rs 150 cr Covid Contingency Fund

FMCG major, ITC has set up a Rs 150 crore Covid Contingency Fund for vulnerable sections of society who have been affected by the pandemic. In a statement, ITC said this fund will be utilised primarily to provide relief to...

E-retailers still facing delivery challenges amid coronavirus lockdown

Delivery of essential items via e-commerce continued to face challenges on the second day of the 21-day lockdown, with the industry urging government for uniform classification of essential items across various states. According to a PTI report: While the government...

ShopClues forays into essentials segment

In the wake of the 21-day lockdown to effectively deal with the coronavirus pandemic, ShopClues, India’s leading e-commerce platform with a vast rural and semi-urban reach, has said that its online portal will now be enabled to make available...

Retail industry to have muted sales growth; recovery could be gradual: Report

Domestic retailers are expected to see muted sales in the wake of the lockdown and the recovery is likely to be gradual as it will depend on consumers' income, according to a report. The retailers would have to cut...

Coronavirus unravels clothing supply chains, says GlobalData

Clothing supply chains are unravelling fast as the fallout from the novel coronavirus (COVID-19) outbreak hits retailers and manufacturers across the world, writes GlobalData. From initial concerns over the disruption to deliveries of clothing from China, where the outbreak began,...

Paytm Mall prioritizes essential products during COVID-19 pandemic

Paytm Mall (owned by Paytm E-commerce Private Limited), which has been redefining the e-commerce space in India with its unique O2O (offline to online) model, announced that it is going to prioritize on fulfilling the most urgent needs of...

Flipkart resumes operations, Amazon says in talks with govt

After temporarily suspending operations earlier in the day, Walmart-owned Flipkart will resume its grocery and essentials services after assurance of safe passage of its supply chain and delivery executives by local law enforcement authorities. According to a PTI report: Amazon...

Lockdown: Parle to donate 3 crore packs of Parle G biscuits through government agencies

Biscuits major Parle Products on Wednesday said it will donate three crore packs of biscuits in the next three weeks, specially to the needy people through government agencies with the country going for a 21-day lockdown due to coronavirus...

Zomato, Swiggy still there but no food to order

Ironic as it may sound but digital India saw its biggest challenge on Wednesday when smartphone-based leading food delivery platforms Zomato and Swiggy found themselves in no man's land as restaurants, including cloud kitchens, went out of service and...
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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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