Investment
E-Commerce
Flipkart Ventures invests in five early-stage tech startups
The startups that will receive equity-based funding are Algomage, Castler, FlexifyMe, NimbleBox.ai, and ReCircle
Bengaluru: E-commerce marketplace Flipkart’s venture investing arm, Flipkart Ventures, is investing in five early-stage startups as part of its accelerator program—Flipkart Leap Ahead (FLA), the company said...
E-Commerce
Amazon to make initial investment of $3 million in nature-based projects in India
PTI -
The allocation is part of the company's $15 million fund it has allocated for nature-based projects in Asia Pacific (APAC)New Delhi: E-commerce major Amazon on Monday said it will make an initial investment of $3 million in nature-based projects...
Latest News
RAI signs MoU with FaMeTN to support small traders in Tamil Nadu
Retailers Association of India (RAI) will help FaMeTN understand the needs of micro, small, and medium enterprises in retail and also support in development of the state’s retail policy
Bengaluru:Â Retailers Association of India (RAI) has signed a Memorandum of Understanding...
Latest News
Nivruti Rai appointed as MD and CEO of Invest India
PTI -
Nivruti Rai has taken over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT)New Delhi:Â Former Intel India country head Nivruti Rai has joined as the Managing Director and CEO of Invest...
FMCG
Marico expects gross margin to improve 200-250 bps in FY24 as inflation cools down
PTI -
Marico expects a "volume-led growth" in the domestic market and gains in market share by most of its productsNew Delhi: Homegrown FMCG major Marico expects its gross margins to improve by 200-250 bps in FY24, helped by cooling commodity...
Finance & Funding
Investment in Indian startups in H1 2023 lowest in last four years: PwC India
PTI -
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 businessNew Delhi: Funding in Indian startups fell by 36 per cent in January-June to $3.8...
E-Commerce
GST Council to clarify on TCS liability of e-commerce suppliers on ONDC
PTI -
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 goods/services sold through its platformNew Delhi: The Goods and Services Tax (GST) Council on July...
Shopping Centres
Lulu Group to invest Rs 10000 crore in India over 3 years to complete ongoing projects
PTI -
So far the company's various enterprises have given over 22,000 jobs and its aim is to provide employment to 50,000 people in IndiaHyderabad: UAE-based Lulu Group will be investing Rs 10,000 crore in India on various ongoing projects over...
Big Grid
Retail companies dominating the stock market
IndiaRetailing looks at some of the retail companies that made their mark on the stock marketsNew Delhi: The stock market has been a bumpy ride lately. After the last bull run in the beginning of 2020 when investors voted with their wallets to many initial...
Global News
Floward raises $156 million in Pre-IPO Series C Round
Floward plans to go public in the next two years and to utilise the funds to further invest in expanding its gifting verticals and relying more on artificial intelligence and machine learning to elevate its customer experienceNew Delhi: Online...
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Latest News
Chai Sutta Bar opens 2 outlets in Bengaluru
The newly launched CSB outlets are located at Kalyan Nagar and NagarbhaviBengaluru: Quick service restaurant (QSR) chain Chai Sutta...
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