retail news online
Consumer Durables & IT
HUL to sell water purification business Pureit to AO Smith India
PTI -
AO Smith Corporation expects to complete the acquisition of Pureit by the end of 2024New Delhi: Hindustan Unilever Ltd. on Monday announced the sale of its water purification business under the Pureit brand to AO Smith India Water Products...
Finance & Funding
Skincare brand Skininspired raises $1.5mn
The funding was led by Unilever Ventures and supported by notable angel investors such as Dr Vaidya’s co-founder Arjun Vaidya.
New Delhi:Â Udaipur-based skincare brand Skininspired has raised $1.5 million (Rs 12.25 crore) in seed funding, a release by the company...
Food & Grocery
Avenue Supermarts’ shares jump over 4%
PTI -
The stock went up by 4.29 per cent to Rs 5,166.10 on the BSENew Delhi: Shares of Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, climbed more than 4 per cent on Monday after the company...
Fashion & Lifestyle
Taneira by House of Tata partners with Goonj
The collaboration supports Taneira’s new initiative, 'Exchange, Elevate and Empower’, which invites customers to donate their sarees for rural development work Bengaluru: Women’s ethnic wear brand Taneira, from the House of Tata, has partnered with Goonj, a non-governmental organisation working...
Food & Beverage
Mad Over Donuts opens two stores in Mumbai
Newly launched Mad Over Donuts stores are located at Ambernath and GoregaonBengaluru: Quick service restaurant (QSR) chain Mad Over Donuts (MOD) has opened two new outlets in Mumbai, located at Ambernath and Goregaon, the donut brand said in a...
Consumer Durables & IT
Xiaomi India profit plunges 77 pc to Rs 239 cr, revenue dips to Rs 26,697 cr in FY23
PTI -
Xiaomi's revenue from operations declined by about 32 per cent to Rs 26,697 crore in FY23 from about Rs 39,100 crore in FY22New Delhi: Chinese smart device maker Xiaomi Technology's profit in India nosedived 77 per cent year-on-year to...
Finance & Funding
PC Jeweller to raise Rs 2,705 cr via warrants; promoters to infuse Rs 850 cr
PTI -
Around 75 per cent of the fund will be used for repaying bank loans and the rest 25 per cent for working capital requirementsNew Delhi: PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants...
Spotlight
Govt proposes mandatory labelling for bulk pre-packaged commodities; seeks public comments
PTI -
The move aims to close a loophole that currently exempts such bulk packages from displaying details like MRP, best before date, manufacturer information, and country of originNew Delhi: The Consumer Affairs Ministry on Sunday proposed an amendment to the...
FMCG
Tax relief for middle-class, salaried will help increase consumption patterns: Marico MD
PTI -
The key expectations from the full budget of 2024-25 include a continued emphasis on rural development through investments in infrastructure and employment, bolstering agricultural activities to enhance rural income, he saidNew Delhi: Tax relief for middle-class and salaried class...
In Focus
5 consumer trends dominating retail
From increase in GenZ spending to channel switching, these consumer trends are driving growth in retail
Tech-savvy consumers are increasingly demanding a seamless blend of digital and physical channels to discover, research, compare, and purchase products at the best prices....
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Latest News
Zudio goes global, opens first international store in Dubai
The new store is located at Silicon Central Mall in UAENew Delhi: Tata Group-owned value retail fast fashion chain...
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