Dabur India, the country’s largest maker of fast-moving consumer goods based on traditional recipes and systems, reported a sequential slowdown in sales for the September quarter due to tight financial conditions. On a year-on-year basis, the company was still able to report a 4% growth. The Domestic FMCG business reported an underlying volume growth of […]
Reliance Retail, which runs chains such as Reliance Digital and Jio Store, said it will offer 15% cashback on its full range of electronic goods as a part of its Diwali sale. Electronic accessories, such as headphones, will also get an additional discount of 10%, taking the total benefit to 25%. The offers are available […]
Amazon, the US-based online retailer, released a bunch of numbers on the final day of its five-day festival sale to paint a surprisingly rosy picture of its performance during the biggest sales event of the annual online calendar. Notable among the numbers was a 15-fold jump in the sales of smartphones during the sale period, […]
US Secretary of Commerce Wilbur Ross today said that e-commerce giant Amazon, one of the biggest foreign investors in India, had scaled down its plans for investments in this country after the government came up with new, protectionist and restrictive ecommerce rules. In what was seen as a nasty blow to the likes of Walmart […]
Subramanian Swamy is often accused of propagating outlandish ideas and suggestions, but at least on the issue of addressing a slowdown in India’s GDP growth, he seems to be closer to the truth than India’s ruling establishment. Both Sitharaman and Swamy are united in recognizing the need for a ‘stimulus’ to nudge the economy from […]
Flipkart, Amazon’s biggest competitor in India, has started rolling out a video streaming service on its mobile app similar to Amazon Prime Video and Netflix. The service is very similar to other streaming apps, and offers videos classified into different sections based on genres and languages. Both movie and non-movie content are available. Non-movie content, […]
Dabur, one of India’s biggest consumer brands specializing in products based on Ayurveda, today launched Babool Ayurvedic, a new variant of Babool, the most popular herbal toothpaste in India. Babool paste is named after Babool, the Hindi name for Acacia, which forms one of the ingredients. Even rivals like Patanjali and Himalaya have launched many […]
Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses in India, said it has entered into an agreement with international e-commerce giant Amazon.com relating to investment in and operations of an electronics aftersales company. Though the finer details of the agreement were not revealed, the agreement could be aimed at diversifying the […]
Haryana, home to Gurgaon — the prosperous suburb of Delhi — has emerged as the unlikely champion of e-commerce in India, beating back heavyweights such as Mumbai, Bangalore and Delhi. According to tax numbers — which reflect all e-commerce transactions for which payment is made online — Haryana accounted for a whopping 19.29% of all […]
Tata Sons, the holding company of the Tata Group, will invest Rs 950 cr into Trent, the retail arm of the group. The money will be used to fund the expansion of the group’s Westside, Star and Zudio retail chains, Trent said. Star is a super market chain, while Zudio and Westside are clothing retailers. […]
Air conditioning and Refrigeration manufacturer Blue Star Limited said it launched 34 models of residential water purifiers with RO, UV, RO UV, RO+UV technologies. The company also said that it also plans to invest about Rs 30 crores on water purifiers in FY20. The offering, under brands such as Stella, Prisma, Imperia and Eleanor, have […]
Jaguar Land Rover, the UK subsidiary of Tata Motors, reported a decline of 12.2% in retail sales in May due to ‘lower sales in China, overseas market and Europe’. It sold 42,370 units in May 2019, down 5,911 units from the same month last year. This compares to a decline of 13.3% posted in April […]
Fashion and lifestyle company Aditya Birla Fashion and Retail Ltd said that it will acquire Jaypore E-Commerce Private Ltd, which sells “handmade, handwoven and handcrafted apparel, jewellery, home textiles and accents”, for Rs 110 crore including debt. Aditya Birla Group did not break out the equity component of the company’s valuation, nor did it give […]
Godrej Group has sold its grocery chain Nature’s Basket to Kolkata-based Spencer’s Retail, part of the RP Sanjiv Goenka Group. Spencer’s Retail is especially strong in Chennai and Bangalore, and has also recently acquired another South Indian player Foodworld. The financial consideration for the sale was not revealed by Godrej. Godrej, for which Nature’s Basket […]
Jubilant FoodWorks Ltd (JFL) continued to trim its Dunkin Donuts’ chain in Jan-Mar quarter, even as it continued to expand its flagship Dominos pizza chain. The food service company, which opened its first Dunkin Donuts store in New Delhi in 2012, has been cutting down its Dunkin Donuts outlets for the last several years in […]
Retail chain V-Mart announced the opening of two new stores, one each in West Bengal and Uttar Pradesh, taking its total tally to 218. With this, V-Mart has its operations in 172 cities across 17 states in the country. The retailer has 13 stores in West Bengal and 86 stores in Uttar Pradesh. The company […]
Jewellery manufacturer Rajesh Exports opened its 82nd gold showroom under the Shubh Jewellers brand name in Mangalore. Launched in 2012 by Rajesh Exports, Shubh Jewellers enjoys a strong presence in South India, especially Karnataka. The company claims to have one of the world’s largest active jewellery design databases of around 29,000 designs. “We are planning […]
Even as Amazon and Flipkart find their business models crippled by new changes in the law, India’s richest man Mukesh Ambani announced that his upcoming e-commerce venture will partner with 3 cr sellers, making it the biggest such platform in the country by number of sellers. “Jio and Reliance Retail will shortly launch a unique […]
Jewelry manufacturer Rajesh Exports said it has won an order for jewelry worth Rs 933 Crores from a UAE-based firm. The order is for its new design jewelry, and will be supplied from its manufacturing facility. It order has to be fulfilled by March. The company had recently introduced new designs in the international markets which […]
Mukesh Ambani, chairman of Reliance Industries group, today said that his company is working on creating a pan-India e-commerce platform that will help small, offline shops compete with players like Amazon and Flipkart. The platform will work by making the inventory of small shops available for purchase online using a sophisticated web and app interface […]
