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Indian Retail Business

Reliance Retail opens 30 Metro stores in Q1, total count crosses 200

Reliance Retail had acquired the Indian operations of German firm Metro AG's wholesale operations in December 2022 in a Rs 2,850-crore dealNew Delhi: The country's leading retailer Reliance Retail has added 30 new stores of Metro in the June...

Google, Tata Motors, Amazon, Jio, and Apple named as top inclusive brands in India: Report

On a global scale, the top 10 inclusive brands include Google, Amazon, Nike, Dove, McDonald’s, Netflix, Coca-Cola, Adidas, Disney and Apple Bengaluru: Google, Tata Motors, Amazon, Jio, and Apple have been recognised as India’s top five inclusive brands, according to the...

Reliance net profit falls 5% in Q1 on weak O2C business

The consolidated net profit of Rs 15,138 crore, or Rs 22.37 per share, in April-June was compared to Rs 16,011 crore, or Rs 23.66 a share, in the year-ago periodNew Delhi: Reliance Industries Ltd on Friday reported a 5...

German watch retailer Aigner Watches enters India with Titan

The initial launch of the Swiss-made brand will be in 50 selected Titan stores across top metro citiesBengaluru: German luxury watch retailer Aigner Watches has entered India through an exclusive partnership with Tata-owned accessories retailer Titan Company Ltd., the...

Retail sales grow 5% y-o-y in June 2024: RAI Survey

Sales in South India showed the highest increase at 7%, followed by North and East at 5% each and West India at 4%Bengaluru: Retail sales in June 2024 showed a gain of 5% as compared to the sales levels...

Newme raises $18 million in series A funding

The funding round was led by venture capital firm Accel with participation from existing investors including Fireside Ventures and AUM VenturesBengaluru: Gen Z-focused fashion-tech startup Newme has secured $18 million in series A funding led by venture capital firm...

Easy customs norms, robust payment settlement to boost e-comm exports: Report

The report also asked to allow FDI-funded e-commerce entities to hold inventory for sale in international marketplaces to facilitate global sales of Indian MSME productsNew Delhi: Measures such as easing customs procedures, robust payment settlement mechanisms and relaxing FDI...

Retailers’ wishlist for Budget 2024: Roadmap for long-term growth; reduce import duties

Support for MSMEs and investment in digital infrastructure rank among the foremost requests of industry representatives for the upcoming Union Budget 2024 Bengaluru: As the newly-elected NDA government is getting ready to present this year's Union Budget on 23 July,...

Havells India Q1 net profit up 42% at Rs 407.51 crore

The company had posted a consolidated net profit of Rs 287.07 crore in the same quarter last fiscalNew Delhi: Havells India Ltd on Thursday reported a 42 per cent jump in consolidated net profit at Rs 407.51 crore in...

Bigbasket launches SaaS based supply chain platform BB Matrix

BB Matrix enables user organisations to get real-time updates, quickly track bottlenecks and take data-backed decisionsBengaluru: Omnichannel grocery delivery firm Bigbasket has launched BB Matrix, an end-to-end software as a service (SaaS) based supply chain platform that offers complete...
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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...
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