Investment
E-Commerce
Amazon to make initial investment of $3 million in nature-based projects in India
PTI -
The allocation is part of the company's $15 million fund it has allocated for nature-based projects in Asia Pacific (APAC)
New Delhi: E-commerce major Amazon on Monday said it will make an initial investment of $3 million in nature-based projects...
Latest News
RAI signs MoU with FaMeTN to support small traders in Tamil Nadu
Retailers Association of India (RAI) will help FaMeTN understand the needs of micro, small, and medium enterprises in retail and also support in development of the state’s retail policy
Bengaluru: Retailers Association of India (RAI) has signed a Memorandum of Understanding...
Latest News
Nivruti Rai appointed as MD and CEO of Invest India
PTI -
Nivruti Rai has taken over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT)
New Delhi: Former Intel India country head Nivruti Rai has joined as the Managing Director and CEO of Invest...
FMCG
Marico expects gross margin to improve 200-250 bps in FY24 as inflation cools down
PTI -
Marico expects a "volume-led growth" in the domestic market and gains in market share by most of its products
New Delhi: Homegrown FMCG major Marico expects its gross margins to improve by 200-250 bps in FY24, helped by cooling commodity...
Finance & Funding
Investment in Indian startups in H1 2023 lowest in last four years: PwC India
PTI -
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...
E-Commerce
GST Council to clarify on TCS liability of e-commerce suppliers on ONDC
PTI -
Under the GST law, every e-commerce operator is required to collect TCS at the rate of 1 per cent of the taxable value of goods/services sold through its platform
New Delhi: The Goods and Services Tax (GST) Council on July...
Shopping Centres
Lulu Group to invest Rs 10000 crore in India over 3 years to complete ongoing projects
PTI -
So far the company's various enterprises have given over 22,000 jobs and its aim is to provide employment to 50,000 people in India
Hyderabad: UAE-based Lulu Group will be investing Rs 10,000 crore in India on various ongoing projects over...
Global News
Floward raises $156 million in Pre-IPO Series C Round
Floward plans to go public in the next two years and to utilise the funds to further invest in expanding its gifting verticals and relying more on artificial intelligence and machine learning to elevate its customer experience
New Delhi: Online...
Finance and Funding
Peepul Tree raises $6 million from Elevar Equity, others
PTI -
Peepul Tree aims to support 1,00,000 artisans and more than 500 crafts and onboard 1,000 content creators on its platform by the end of 2023
New Delhi: Live commerce platform Peepul Tree on Wednesday said it has raised $6 million,...
Analysis
Inflation for FMCG segment cooling down, volume from rural markets going to improve, says ITC CMD
PTI -
ITC Chairman Sanjiv Puri said volume growth from rural markets is going to be better as the inflationary pressure on the FMCG calms down
New Delhi: Inflationary pressure on the FMCG segment is "cooling off a little" and volume growth...
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Latest News
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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