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retail industry updates

RAI raises concerns over proposed GST hike on premium products

RAI has urged the GST Council to adopt a balanced approach that addresses the need for higher tax collectionsNew Delhi: The Retailers Association of India (RAI) has expressed serious concerns over the proposed GST rate increases on premium products...

DLF appoints Badal Bagri as CFO

Bagri's appointment as CFO is effective December 6, DLF said in a stock exchange filing.New Delhi: DLF Ltd, India's largest publicly listed real estate company, announced the appointment of Badal Bagri as the new Chief Financial Officer (CFO) of...

Audio brand Boult partners with Cashify

The partnership aims to strengthen Boult’s retail footprint, ensuring easier access to its range of productsNew Delhi: Audio brand Boult has announced a partnership with Cashify, a re-commerce platform, to bring its audio products to a broader customer base. This...

Leading FMCG players hike soap prices by 7-8% as palm oil rates go up

Companies such as HUL and Tata Consumer have also increased tea prices recently due to a decline in production caused by erratic weather conditions.New Delhi: FMCG makers such as HUL and Wipro have hiked soap prices by around 7...

Cooler major Novamax Appliances eyes Rs 250 cr for FY 2025, eyes more categories

Looking ahead, Novamax aims to expand its product offerings into broader cooling solutions like air conditioners and refrigerators.New Delhi: Noida-based Novamax Appliances is on track to achieve a Rs 250 crore turnover this fiscal year, having already surpassed Rs...

Sundream Group leases over 60% of Anthurium Phase 1 retail space to premium brands

Together, these brands occupy approximately 36,000 sq. ft. of retail space, contributing to Anthurium’s goal of becoming a hub for dining, shopping, and leisure.New Delhi: Sundream Group has leased more than 60% of the retail space in Phase 1...

Hope paying the company to get a job doesn’t become the norm: Zomato MD & CEO

In a post on X, Goyal said more than 18,000 people applied for the post, while announcing the closure of applications.New Delhi: A day after the unusual job vacancy posting for his Chief of Staff, online food delivery platform...

Parle Agro FY24 revenue down 12% to Rs 3,126 cr, profit slides 89% to Rs 17 cr

Parle Agro Pvt Ltd, an unlisted entity which operates in the Indian beverage industry, posted revenue from operationsNew Delhi: Parle Agro, which operates in the beverage market with brands such as Frooti, Appy, SMOODH and Bailley, has reported a...

Dryfruit brand Bolas eyes Rs 2,000 cr revenue in FY25: Director Rahul Kamath

The company, which currently operates 76 stores across Karnataka, plans to increase that number to 100 by the end of FY25 New Delhi: Karnataka-based dry fruits brand Bolas is on track to cross Rs 2,000 crore in revenue for the fiscal...

Unicommerce to acquire e-commerce tech platform Shipway in equity-cash deal

In the first tranche, Unicommerce will acquire a 42.76% stake in Shipway for a cash consideration of Rs 68.4 crore.New Delhi: E-commerce SaaS platform for logistics Unicommerce will acquire a Gurugram-based e-commerce technology firm Shipway in a mix of...
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Starbucks ‘fully committed’ to Indian market, says India JV Tata Starbucks

Tata Starbucks is a 50:50 joint venture between Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based...
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