retail industry updates
Consumer Durables & IT
Vivo set to launch Made-in-India foldable phone; eyes bigger slice of premium market
PTI -
The X Fold3 Pro will be the company's most expensive offering in the India marketNew Delhi: Vivo is all set to launch its foldable phone, X Fold3 Pro, manufactured in its factory at Greater Noida, as the Chinese smartphone...
Finance & Funding
Libas secures Rs 150 cr from IAF Series 5, aims to enhance omnichannel presence
This funding round by IAF Series 5, a fund managed by ICICI Venture, is the first-ever external fund raised by LibasNew Delhi: Delhi-based fast fashion omnichannel ethnic wear brans Libas has raised Rs.150 crore from ICICI Venture fund, a...
Fashion & Lifestyle
Gap opens store in Amanora Mall Pune
 Earlier Gap Inc. had opened stores in Mumbai and Pune
New Delhi: Californian clothing and accessories retail chain Gap Inc. has opened a new store in Pune’s Amanora Mall, a social media post by the mall revealed.
Gap Inc. was founded by Donald Fisher...
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Deloitte opens ‘phygital’ innovation centre in Bengaluru to boost businesses
PTI -
Our centre aims to assist businesses across industries in reimagining their customer interfaces and experiencesNew Delhi: The largest professional services network, Deloitte, has opened a first-of-its-kind 'phygital' innovation centre in Bengaluru.This phygital (physical+digital) Innovation centre offers domain-specific solutions to...
E-Commerce
Ecom Express forms strategic tieup with drone firm Skye Air
PTI -
This collaboration represents a significant step forward in the logistics industryNew Delhi: Logistics operator Ecom Express said on Tuesday it has formed a strategic collaboration with drone delivery-technology firm Skye Air in the last-mile delivery space, which would help...
Fashion & Lifestyle
ABFRL Q4 net loss at Rs 266.35 crore, revenue at Rs 3,406.65 cr
PTI -
The established businesses continue to navigate market headwinds while maintaining a sharp focus on profitability enhancementNew Delhi:Â Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024.The...
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TVS Supply Chain Solutions reports consolidated Q4 PAT at Rs 5.38 cr
PTI -
The integrated supply chain solutions segment reported a quarterly revenue of Rs 1,379.5 croreNew Delhi: TVS Supply Chain Solutions Ltd has reported a consolidated profit after tax of Rs 5.38 crore for the quarter January-March 2024.The city-based integrated...
E-Commerce
Shopsy Ventures into the Kids’ Segment
The latest collection includes toys starting at Rs 49, dresses at Rs 150, kids ethnic wear at Rs 129, soft toys at Rs 85, school essentials from Rs 25 for kids up to 12 years of age
New Delhi:Â Â E-commerce firm...
Fashion & Lifestyle
 House Of Masaba opens its first flagship store in Chandigarh
Spanning an area of 2,451 sq. ft., the store is located in Chandigarh’s  Madhya Marg, sector 7
New Delhi: Mumbai based apparel brand House of Masaba has opened its first flagship store in Chandigarh, a press release said on Tuesday. The...
Food & Beverage
Proventus Agrocom Ltd. reports 96% growth in FY24 Profit After Tax
The health food brand’s sales increased 43.3% to Rs. 303.62 crore
New Delhi: Health food brand Proventus Agrocom Ltd. (ProV) has reported a Profit After Tax (PAT) of Rs 7.2 crore in financial year (FY) 2024 with an annual growth of 96% year-over-year (YoY), the company said in a press release on Tuesday. ProV...
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Ambani unveils growth roadmap for Reliance, co to double in size by 2030
The company is aiming to double revenues and pre-tax profit in 3-4 years with its new energy business becoming...
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