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Heating appliances witness 33% growth: Flipkart

Consumers are now opting for smart features such as auto-cut capability, dehumidifiers and cloth hangers on room heaters over conventional ones New Delhi: As the winter season sets in, India witnesses an increase in the sales of heating appliances, according to...

Jewellery retailers to outpace industry growth: ICRA

Organised jewellery retailers’ revenue likely to grow by 20% year-on-year in the financial year 2023 and by 10% year-on-year in the financial year 2024 New Delhi: Organised jewellery retailers in India may continue to outpace the industry over the medium term on...

Zara in talks with Mall of Asia in Bengaluru for a 9,000-sq. ft. Zara Home standalone store space

A move that comes close on the heels of rivals Stockholm-based H&M and London-based Marks & Spencer launching their home wares in India last year New Delhi: Inditex SA is in talks with Phoenix Mills Ltd to open a standalone...

Amazon to lay off around 1,000 employees in India

According to Amazon CEO Andy Jassy's blog post, the company has decided to eliminate 18,000 roles across the globe and it will impact about 1,000 employees in India New Delhi: E-commerce company Amazon plans to lay off around 1,000 employees in...

Govt yet to issue quality certificate to 160 Chinese companies for selling toys in India

BIS quality certification is issued after an inspection of the factories. Due to the pandemic restrictions and health concerns, the BIS officials could not visit China, says BIS Director General New Delhi: The government on Friday said it has not yet...

Walmart pays most of tax bill arising from shifting of PhonePe headquarters to India

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to India New Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

UpScalio: Helping e-commerce startups scale

CEO and co-founder of e-commerce roll-up UpScalio Gautam Kshatriya explains how his company acquires startups and then nurtures them to grow New Delhi: The rollup e-commerce wave has hit India in the recent years. The space, where small firms are...

Zomato stock declines 5 pc in morning trade

Zomato's co-founder and CTO resigns, stock declines by 4.31 per cent to Rs 57.65 on the BSE New Delhi: Shares of online food delivery platform Zomato declined 5 per cent on Tuesday, a day after its co-founder and Chief Technology...

Malls benefit from early ‘end of season’ sales

Shopping centres experienced high footfalls and crowds even during weekdays in the last few days of December with brands announcing their End of Season Sales New Delhi: As 2022 drew to a close, many brands added to the consumers’ festive cheer...

Alia Bhatt’s Ed-a-Mamma: Story telling and Sustainability at its core

How Alia Bhatt’s kids wear brand Ed-a-Mamma is using content to steer the future generations towards sustainability. Excerpts from an email interview with business head Iffat Haider Jivan… By N Bobo Meitei New Delhi: Ed-a-Mamma is a sustainable kids wear brand...
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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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