retail news and updates
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...
Latest News
Dabur profit rises 6.2% to Rs 506.44 crore in Q3; revenue grows 7%
PTI -
Total expenses of Dabur India in the December quarter went up 7.82% to Rs 2,720.62 crore
New Delhi: Home-grown FMCG major Dabur India Ltd on Wednesday reported a 6.24% increase in consolidated net profit at Rs 506.44 crore in the...
E-Commerce
Digital payments rise 10.94% annually at September-end 2023: RBI data
PTI -
The central bank announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the countryNew Delhi: Digital payments across the country registered a growth of 10.94% in...
Beauty & Wellness
Tata’s beauty and cosmetic brand Misbu plans to enter North India
The store is expected to be 2,500 sq. ft., located on the ground floor of the Reach 3Roads Mall, GurugramNew Delhi: Tata Group-owned beauty and cosmetic brand Misbu plans to open its first store in Gururgram, people aware of...
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Gillette India Q2 profit rises 39.6% to Rs 104 crore
PTI -
Gillette India's total expenses declined 1.45% to Rs 507.61 crore in the December quarterNew Delhi: Shaving products maker Gillette India Ltd on Tuesday reported a 39.62% rise in profit to Rs 103.95 crore for the second quarter ended December...
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Voltas net loss shrinks to Rs 27.60 crore in Q3, sales rise 32%
PTI -
Total expenses increased 34.77% to Rs 2,623.67 crore in the December quarter of FY24New Delhi: Air-conditioner maker and engineering services provider Voltas Ltd on Tuesday reported a narrowing of its consolidated net loss to Rs 27.60 crore in the...
E-Commerce
Lenskart opens 1st store in Jeddah, 4th in Saudi Arabia
The company forayed into the Kingdom of Saudi Arabia in December 2023 with its first store in Riyadh
New Delhi: Gurugram-based omnichannel eyewear retail chain Lenskart has opened its first store in  Jeddah, Kingdom of Saudi Arabia, a social media post...
Fashion & Lifestyle
Arvind Ltd Q3 profit up 8% to Rs 94 crore
PTI -
The company had logged a net profit of Rs 87 crore during the October-December period a year ago, Arvind said in a regulatory filingNew Delhi: Leading textile manufacturer Arvind Ltd on Tuesday reported an 8.41% increase in consolidated net...
Home Decor & Furnishing
Fenesta opens new showroom in Delhi
With this launch, Fenesta now has a presence in more than 350 locations across the country
New Delhi: Windows and Doors brand Fenesta has opened a new showroom in Janakpuri, Delhi, the brand said in a release on Tuesday. The showroom, The Building Solution, is...
Beauty & Wellness
The Love Co. expands presence in Russia
The partnership is in collaboration with Kristina Bykova and aims to cater to the beauty and wellness needs of the Russian market
New Delhi: Indian beauty brand The Love Co. has expanded its retail presence in Russia in collaboration with...
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Reliance Retail Q1 profit rises 4.6 % to Rs 2,549 crore
The retail behemoth also recorded 18.87% increase in number of footfalls at its stores at 296 million in the...
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