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DPIIT inks pact with NCAER for making framework, assessment of logistics cost

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...

Top line can grow to Rs 2.5 lakh cr in 5-10 yrs if we execute well: Zepto CEO

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...

Future group’s FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end

"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...

FSSAI to make mandatory labelling of salt, sugar, fat on packaged food items in bold letters, bigger font

The amendment aims to empower consumers to better understand the nutritional value of the product they are consuming New Delhi: Food regulator FSSAI on Saturday approved changes in nutritional information labelling on packaged food items, proposing that total salt, sugar...

FMCG makers expect single-digit revenue growth, margin improvements in April-June quarter

Rural demand continues to see gradual but slight green shoots as real rural wages remain mutedNew Delhi: Fast-moving consumer goods companies expect single-digit volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by...

Nykaa expects consolidated revenue to rise 22-23% in Apr-Jun qtr

The Beauty vertical revenue growth for the quarter is expected to be around 22-23% YoYNew Delhi: FSN E-Commerce Ventures, the parent company of Nykaa, on Sunday forecast a year-on-year consolidated revenue growth of around 22-23% in the first quarter...

PC Jewellers gets PNB approval for one-time settlement of dues

PC Jeweller had opted for OTS to settle the outstanding dues with a consortium of banksNew Delhi: PC Jeweller Ltd on Sunday said that Punjab National Bank has given its approval for one-time settlement of its outstanding dues.In a...

We should have done better, no secrets about it, says Paytm founder Vijay Shekhar Sharma

Paytm Payments Bank Limited (PPBL) came under regulatory glare as RBI ordered it to stop accepting new deposits in its accounts and its digital wallet from MarchNew Delhi: Paytm founder Vijay Shekhar Sharma on Saturday spoke about his...

Ikea plans 25,000 sq. ft. “mini” stores in India

This move is aimed at becoming more accessible to its consumers in the country New Delhi: Ikea is now looking to open its miniature version 25,000 sq. ft. stores in India that are almost one-third of the Swedish furniture and...

Family offices increasingly investing in startups, diversifying portfolios: PwC India report

Currently, there are over 300 family offices in India, as against 45 such offices in 2018New Delhi: Family offices are increasingly investing in startups, diversifying their portfolios, and seeking higher returns as they are shifting from traditional investments, a...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps

A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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