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Budget FY25 should focus on tax relief to boost consumption: India Inc
PTI -
Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23New Delhi: Â The Union Budget FY25Â should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry...
Finance and Funding
G.O.A.T – a house of D2C brands raises $21mn
The company is looking to use these funds to fuel the growth of the brands in its portfolio.New Delhi: Bengaluru-based G.O.A.T Brand Labs, a D2C house of brands has raised $21 mn (Rs 1755 cr) in a fresh funding...
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MobiKwik claims to be largest digital wallet player in terms of transaction value
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The company saw its market share by value grow from 11% in March 2024New Delhi: MobiKwik on Monday said it has become the largest digital financial services platform in terms of PPI Wallet transactions by value for April and...
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Zinka Logistics Solutions Ltd files draft papers to raise funds via IPO
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The initial public offering (IPO) of the company is a mix of fresh issuance of Rs 550 crore and an offer for sale of up to 2.16 crore equity sharesNew Delhi: Zinka Logistics Solutions Ltd, a digital platform...
Food & Beverage
67% Indians prefer makhana and dry fruits as the go-to healthy snacks: Farmley Healthy Snacking Report
More than 6,000 people across India were surveyed representing different age groups like boomers, Gen X, millennials and Gen ZÂ New Delhi: About 67% of Indians prefer makhana and dry fruits as the go-to healthy snacks, according to Healthy Snacking...
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Beyoung expands offline reach with new Kota store
The brand targets a GMV of Rs 650 crore by 2027 along with enhancing its omnichannel presenceNew Delhi:  Udaipur-based D2C fashion brand Beyoung has expanded its retail footprint by opening a new store in Rajasthan’s Kota, the company announced in...
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Welspun One raises Rs 2,275 crore for second fund to build warehousing assets
PTI -
The capital was sourced from a diverse pool of about 800 Limited Partners (LPs) or investors, including high-net-worth and ultra-high-net-worth individualsNew Delhi: Welspun One has raised Rs 2,275 crore from investors for its second fund and would use the...
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DPIIT inks pact with NCAER for making framework, assessment of logistics cost
PTI -
The Government of India launched the National Logistics Policy (NLP) on September 17, 2022New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has inked a pact with think tank NCAER to develop a detailed framework for...
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Top line can grow to Rs 2.5 lakh cr in 5-10 yrs if we execute well: Zepto CEO
PTI -
The company's revenue have grown over fivefold to over Rs 10,000 crore in FY24 from about Rs 2,000 crore in FY23New Delhi: Quick commerce unicorn Zepto revenue can grow multifold to Rs 2.5 lakh crore in 5-10 years if...
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Future group’s FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end
PTI -
"Total financial indebtedness of the listed entity including short-term and long-term debt" was Rs 506.87 crore as on June 30 this yearNew Delhi: Debt-ridden Future group's FMCG arm Future Consumer on Saturday said it has defaulted on payments of...
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E-commerce a challenge for direct selling industry’s growth: IDSA
IDSA is negotiating with the government to control the digital marketing sites so that direct selling products are not...
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