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Dukaan lays off 90% staff for AI bot, attributes decision to focus on profitability

Dukaan says customer support costs reduced by 85% while resolution time went down from over two hours to three minutesNew Delhi: E-commerce startup Dukaan...

ITC’s FMCG biz records 21% rise in annual consumer spend at Rs 29,000 crore in FY23

In terms of distribution reach, ITC's products reached 230 million households in FY23, up from over 200 million households in FY22New Delhi: Diversified conglomerate...

Cinema industry welcomes lowering GST rates to 5% on food served in movie theatres

The Goods and Services Tax (GST) Council, headed by the Union finance minister and comprising of representatives of all states and UTs, on Tuesday...

SmartDukaan raises $10 million in funding round

The funding round of SmartDukaan was led by Findoc Finvest and other participants were Leafberry Ads and angel investors New Delhi: Smartphone retail tech platform...

Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors

Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee...

Reliance Retail to reduce share capital, to pay Rs 1,362 per share

This capital reduction plan will make Reliance Retail a 100% subsidiary of Reliance Retail Ventures LimitedNew Delhi: Country's leading retailer Reliance Retail on Friday said...

Handicrafts body CCIC now on ONDC

The corporation's collaboration with ONDC signifies CCIC's commitment to expanding its market presence and being accessible to buyersNew Delhi: The Central Cottage Industries Corporation...

Roca India open to acquisitions, plans Rs 200 cr capex in 2023

Roca India enjoys about 35 per cent market share in the bathroom products segment in the countryKolkata: Sanitaryware major Roca India is looking at...

Investment in Indian startups in H1 2023 lowest in last four years: PwC India

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...

GST Council to clarify on TCS liability of e-commerce suppliers on ONDC

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...

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Indian consumers prefer ‘offers’ faster online than offline: Report

The research reveals that online buyers are more price sensitive and avail more offers compared to offline buyersBengaluru: As...