retail industry updates
Food & Beverage
Bikaji Foods International acquires 55% stake in Ariba Foods Private Ltd.
This acquisition will enhance Bikaji’s frozen food capabilities and export capacityNew Delhi: Bikaji Foods International Ltd. has announced the acquisition of a 55% equity stake in Ariba Foods Private Ltd., a leading Ujjain-based company specializing in snacks and frozen foods like samosas,...
E-Commerce
E-comm concerns: CEO says ONDC a technological solution to prevent mkt concentration
PTI -
Goyal on Wednesday flagged concerns about the social repercussions of the growing role of e-commerce platforms in the small traders-dominated economyNew Delhi: State-promoted Open Network for Digital Commerce (ONDC) on Thursday pitched as a medium to "prevent market concentration",...
Food & Beverage
FSSAI orders removal of A1, A2 milk claims from products
PTI -
The Food Safety and Standards Authority of India (FSSAI) said these claims do not conform with the Food Safety and Standards Act, of 2006New Delhi:Â Food safety regulator FSSAI on Thursday directed food businesses, including e-commerce players, to remove claims...
Fashion & Lifestyle
Blackberrys partners with Myntra to further its footprint across the country
This strategic collaboration will enable Blackberry to expand to newer geographies
New Delhi: Menswear brand Blackberrys announced its strategic collaboration with e-commerce platform Myntra on Thursday.
With this collaboration, Blackberrys aims to expand its reach beyond its more than 380 exclusive...
Finance & Funding
Uppercase raises $9mn series B round with Accel
With the $9 million series B round led by Accel, Uppercase’s total funding now reaches Rs. 150 crores since its inception three years back
New Delhi: Luggage brand uppercase has raised $9 million in its Series B round led by...
E-Commerce
Amazon’s investment in India to make up for its losses; not to support Indian eco: Goyal
PTI -
The minister alleged that these companies only re-route all the businesses through an entity to show that it is B2BNew Delhi: Commerce and Industry Minister Piyush Goyal on Wednesday questioned Amazon's announcement of a $1 billion investment in India,...
E-Commerce
Online vendors generated 15.8 million jobs in India: e-commerce report
PTI -
The report noted that two of the most widely recognised contributions of e-commerce penetration in the retail sector are --growth in employmentNew Delhi: Online vendors have generated 15.8 million jobs in India, including 3.5 million for women, with about...
Food & Beverage
FSSAI launches project to address microplastic contamination in Indian food products
PTI -
The Food Safety and Standards Authority of India (FSSAI) has launched an innovative project to tackle the growing concernNew Delhi: Food regulator FSSAI has launched a project to assess microplastic contamination in food products and develop methods for its...
Fashion & Lifestyle
Reliance Retail’s Azorte opens in Vadodara
The new store is located at Genda Circle
New Delhi:Â Azorte, a premium fashion and lifestyle store chain by Reliance Retail, has opened a new store in Vadodara, a social media post by the company said on Friday.
The new store is...
Latest News
Future Consumer narrows down Q1 loss to Rs 15.8 crore
PTI -
It had reported a net loss of Rs 24.40 crore in the April-June period a year ago, according to a regulatory filingNew Delhi:Â Future Consumer Ltd (FCL) on Wednesday reported a narrowing of its consolidated loss to Rs 15.79 crore...
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Latest News
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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