retail business growth
E-Commerce
TDS rate cut for e-tailers to help free up working capital for sellers, say e-biz players
PTI -
The budget proposed reduction in TDS rate on e-commerce operators to 0.1 per cent from 1 per cent nowNew Delhi: E-biz players on Tuesday said the proposed reduction in TDS rate on e-commerce operators to 0.1 per cent from...
FMCG
HUL Q1 profit up 2.2% to Rs 2,612 crore
PTI -
The company's revenue from product sales was marginally up 1.68 per cent at Rs 15,497 crore as against Rs 15,240 crore in the year-ago periodNew Delhi: FMCG major Hindustan Unilever Ltd (HUL) on Tuesday reported 2.2 per cent rise...
In Focus
Special attention to MSMEs in Budget 2024-25: New credit guarantee scheme; hike in Mudra loans
In the first Budget of Modi government's third term, Sitharaman introduced a new credit guarantee scheme for term loans to acquire machinery and equipment and proposed raising the Mudra loan limit from Rs 10 lakh to Rs 20 lakhBengaluru:...
Consumer Durables & IT
Govt cuts import duty on mobile phones; imported handsets to become up to 6% cheaper
PTI -
The industry witnessed three-fold increase in domestic production and almost 100-fold jump in exports of mobile phones over the last six yearsNew Delhi: Imported mobile phones will become cheaper by up to 6 per cent as the government in...
Fashion & Lifestyle
Govt cuts customs duty on gold, silver, mobile phones
PTI -
The Budget 2024 proposed reduction in basic customs duty on gold and silver to 6 per cent, platinum to 6.4 per cent and mobile phones, mobile charger to 15 per centNew Delhi: Finance Minister Nirmala Sitharaman on Tuesday proposed...
In Focus
Relief for salaried class under new tax regime; 50% hike in standard deduction to Rs 75,000
PTI -
Finance Minister Nirmala Sitharaman said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the BudgetNew Delhi: In sops for the middle class, Finance Minister Nirmala...
Food & Beverage
Shares of shrimp products makers in heavy demand after Budget allocation
PTI -
Presenting the Union Budget for 2024-25, Sitharaman said that the government has reduced the basic customs duty on shrimp to 5 per centNew Delhi: Shares of producers and exporters of seafood products' firms jumped on Tuesday after Finance Minister...
Latest News
Mahindra Logistics profit falls 55% to Rs 10.15 crore in April-June
PTI -
The revenue during the quarter under review, however, rose 10 per cent to Rs 1,156.66 crore from Rs 1,050.92 crore in the year-ago periodMumbai: Mahindra Logistics Ltd. (MLL) on Monday said its standalone profit fell 55 per cent to...
E-Commerce
ShopClues aims $100 million in e-commerce exports by year end; eyes US, European markets: MD Anuraag Gambhir
The Gurgaon-based company is also planning to introduce international brands to India from Southeast Asian countries Bengaluru: ShopClues, the Indian e-commerce platform owned by Singapore-based Qoo10, has entered the next phase of its rebranding as a cross-border e-commerce platform, now...
Research
‘Swiss Watch Industry Insights 2024: Spotlight on India’ by Deloitte
The report delves into the Indian watch market, highlighting the Swiss watch industry's potential in IndiaBengaluru: ‘Swiss Watch Industry Insights 2024: Spotlight on India’ report by professional services network Deloitte delves into the Indian watch market, highlighting the Swiss...
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Latest News
Parle, Britannia, and Amul named as top 3 most chosen in-home FMCG brands: Report
On a global scale, the five most chosen FMCG brands are Coca Cola, Colgate, Maggi, Omo and Knorr
Bengaluru:Â Parle Products...
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