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COVID-19

Multiplexes ready for ‘digital way of life’ as they wait for theatres to open

Paperless tickets, seat distancing, staggered intervals and scrupulous sanitising are part of the safety protocol multiplexes will introduce if the government allows screenings in 'Unlock 3' next month, say the CEOs of leading multiplex chains. According to a PTI report:...

Flipkart acquires Walmart India, to launch Flipkart Wholesale for B2B segment in Aug

Flipkart on Thursday announced the acquisition of Walmart India for an undisclosed amount, and said it will launch 'Flipkart Wholesale' next month, as the homegrown e-commerce major looks to tap into the US$ 650 billion B2B retail market in...

The Australian wool industry during COVID-19

Amidst the temporal cessation of production, manufacturing and retail brick-and-mortar activity, there’s no denying that the COVID-19 virus has blanketed all levels of the apparel and textiles supply chain in doom and gloom while the industry adapts to escalating...

HUL expects few turbulent quarters going forward

FMCG major HUL expects a couple of turbulent quarters going forward and the firm's objective would be to navigate it in the most agile manner, company's Chairman and Managing Director Sanjiv Mehta said on Tuesday. According to a PTI report:...

COVID-19 Impact: Retailers focus on digital platform

It is said that the change is only constant and more often than not inevitable for those who want to remain relevant. For the world of business this paraphrase has been more evident and tangibly felt in last couple...

India e-commerce to grow 27 pc, Reliance to capture half of online grocery sales: Goldman

India's e-commerce business is expected to grow at a compound annual growth rate (CAGR) of 27 percent to reach US$99 billion by 2024, Goldman Sachs said projecting that Reliance Industries would capture half of the online grocery sales through...

With limited customers, UP restaurants to shut down again

The hospitality industry in Uttar Pradesh is unable to regain its business in the unlock phase, mainly due to the fear of the pandemic and the restrictions imposed by the government. While 60 to 70 percent eateries opened up after...

HUL logs 7 pc rise in net profit at Rs 1,881 cr

FMCG major Hindustan Unilever (HUL) on Tuesday reported a 7 percent growth in standalone net profit for the first quarter (April-June) of FY21 at Rs 1,881 crore. During the corresponding period of the previous fiscal, the company had reported a...

COVID-19 Impact: Madame expects 40 pc fall in revenue this fiscal

Apparel retailer Madame is expecting a 40 percent decline in revenue in the current financial year due to disruptions caused by the COVID-19 pandemic. The company may also end up giving up to 20 percent of retail space (shut...

The Indian snacks segment is poised for growth & glory

Among many lifestyle changes the Coronavirus-induced lockdown has brought about, one major one is our snacking and indeed our food habits to a great extent. As we stay confined in our homes, anxious and anticipating what’s next, ready-to-eat savouries...
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Zudio goes global, opens first international store in Dubai

The new store is located at Silicon Central Mall in UAENew Delhi: Tata Group-owned value retail fast fashion chain...
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