retail industry updates
E-Commerce
Flipkart to roll out same day delivery
The initiative is getting rolled out starting February 2024
Bengaluru:Â Bengaluru-based e-commerce marketplace Flipkart is gearing UP to roll out same day delivery of products across multiple categories, the company said in a press release.
The move will see customers across cities...
fintech
RBI orders Paytm Payments Bank to halt most services after Feb 29, Paytm anticipates Rs 300-500 Crore Impact
PTI -
The company expects this action to have a worst-case impact of Rs 300-500 crore on its annual EBITDA going forwardNew Delhi: In a major action against Paytm Payments Bank (PPBL), the Reserve Bank on Wednesday directed the lender to...
Consumer Durables & IT
Apple tops India smartphone market in revenue share in 2023
PTI -
Samsung topped the chart in terms of sales volume followed by Vivo with 17 per cent market share in terms of volumeNew Delhi: iPhone maker Apple led India market with highest revenue in 2023 for the first time while...
Food & Beverage
Jubilant Foodworks net profit declines 18.2% to Rs 65.7 crore in Q3
PTI -
Its revenue from operations increased 3.47 per cent to Rs 1,378.11 crore during the quarter. It was at Rs 1,331.81 crore in the year-ago periodNew Delhi: Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts,...
Food & Beverage
Restaurant chain Moti Mahal to enter Europe
The company already has a presence in the USA, Africa, New Zealand, Maldives, Colombo, and the Middle East
Bengaluru: The 104-year-old culinary brand Moti Mahal is planning to enter Europe this year, the company said in a press release on Wednesday. The...
People
Daniel Ervér is new president and CEO for the H&M Group
Ervér succeeds Helena Helmersson who has decided to step down as CEO and leave the H&M group
Bengaluru: Swedish multinational retail-clothing company H&M has appointed Daniel Ervér as its new president and chief executive officer (CEO), the company said in a...
Fashion & Lifestyle
Kalyan Jewellers posts 21.5% rise in consolidated PAT to Rs 180.37 crore in Q3
PTI -
Revenue from operations of the company grew 34.47 per cent during the third quarter of the ongoing fiscal to Rs 5,223.07 crore as against Rs 3,884.09 crore in the year-ago periodMumbai: Kalyan Jewellers reported a 21.51 per cent growth...
Latest News
PVR Inox posts Q3 net profit at Rs 12.8 crore; revenue at Rs 15,459 crore
PTI -
The company posted a net profit of Rs 165 crore in the October-December period a year agoNew Delhi: Cinema exhibitor PVR Inox on Wednesday reported a consolidated net profit of Rs 12.8 crore in the third quarter of the...
Fashion & Lifestyle
Crocs relaunches its store in Calicut
The store is located at Hilite Mall, Kozhikode Bypass, Poovangal
Bengaluru:Â Metro Brands Limited (MBL), which operates Crocs in India has reopened its Calicut store at Hilite Mall, as per a social media post by the shopping centre.
“Rediscover comfort with the...
Latest News
P&G Hygiene and Health Care Q2 profit up 10.3% to Rs 229 crore
PTI -
Its revenue from operations was marginally down to Rs 1,133.43 crore during the quarter under review. It was at Rs 1,137.39 crore a year agoNew Delhi:Â Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported a growth of...
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Indian consumers prefer ‘offers’ faster online than offline: Report
The research reveals that online buyers are more price sensitive and avail more offers compared to offline buyersBengaluru: As...
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