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CDIT Industry

EESL to launch retail shops to distribute energy-efficient products

The franchisee shops called 'Urja Dakshta Dukan' will offer energy-efficient products like LED lights, ACs and fans to consumersNew Delhi: State-owned Energy Efficiency Services Ltd. (EESL) will soon introduce retail franchisee shops called 'Urja Dakshta Dukan' which will offer...

Xiaomi India profit plunges 77 pc to Rs 239 cr, revenue dips to Rs 26,697 cr in FY23

Xiaomi's revenue from operations declined by about 32 per cent to Rs 26,697 crore in FY23 from about Rs 39,100 crore in FY22New Delhi: Chinese smart device maker Xiaomi Technology's profit in India nosedived 77 per cent year-on-year to...

Premiumisation, investments to propel appliances, consumer electronics industry in 2024

The industry is expected to grow around 10% in 2024 as players offer more premium products, cater to rising demand for smart appliances and make more investments after significant business tailwinds this yearNew Delhi: The country's appliances and consumer...

CDIT continues to click for malls

CDIT is still an important category for shopping centres, contributing to a substantial amount of footfall, traffic and variety New Delhi: Croma, Indian retail chain of consumer electronics and durables by Infiniti Retail launched more than 50 outlets in last...

Import curbs on laptops, tablet will boost local manufacturing: Industry players

The government imposed import restrictions on laptops, tablets and certain types of computers with immediate effect for security reasons and to promote domestic manufacturingNew Delhi: The government's decision to impose import restrictions on laptops, tablets and certain types of...

Boat touches Rs 4,000 crore net sales mark for FY23

The company has made significant investments in the local Indian manufacturing ecosystem, with most of its audio and wearables products now being manufactured in IndiaNew Delhi: Audio and wearables brand Boat on Thursday said it has reached a net...

OnePlus unveils first experience store in Thiruvananthapuram

The newly launched OnePlus experience store is located at M.S. Mall, Thampanoor road, Thiruvananthapuram Bengaluru: Technology brand OnePlus launched its first experience store at Thiruvananthapuram in Kerala on Tuesday, the brand announced in a press release. Spread across 1,000 sq. ft....

Croma opened over 20 stores in Jan-March 2023

Today the company operates over 315 stores in more than 100 cities across India Bengaluru: Croma, a consumer durables and electronics (CDE) retail chain run by Infiniti Retail Ltd. has opened over 20 stores in three months between January-March 2023,...

Fast changing consumer preferences

India is witnessing a transformation in consumer behaviour and preferences today. The fast growing CDIT retail market, currently valued at `1,50,000 crore, is also evolving in terms of fast changing consumer landscape. The CDIT industry, which is currently growing at the rate of 15–17...
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Swiggy ‘very well positioned’, eyeing organic growth for Instamart: Rohit Kapoor

The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will open for public subscription...
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