Catch the latest news, updates, opinions, newsletters, and expert insights of the Indian Retail News
Wakefit’s Revenue Rises At 825 Cr in FY23
Wakefit Solutions
Wakefit, said that it has clocked in revenue of Rs 825 crore in FY 2022-23. The brand has put in focused efforts towards omnichannel expansion, scaling supply chain operations, and enhancing brand building initiatives. Having registered a 30 per cent Year on year (Y-o-Y) growth in revenue compared t...
Deloitte Expands Delivery Capabilities In India
Deloitte
Deloitte announced the opening of three new delivery offices in Pune, Chennai,, and Kolkata to serve companies globally. This move is in response to the growing demand for skilled professionals across Deloitte’s advisory businesses. In the coming year, over 10,000 skilled professionals specialisin...
Nominate now : https://bwevents.co.in/bwretail/bw-retail-world-summit-40-under-40-awards-2023/
Recognizing the Rising Stars: Introducing the Second Edition of BW Retail World 40 under 40 Award
Annurag Batra BW Businessworld Tanvie Ahuja
Shein To Make Comeback In India With Reliance Retail
SHEIN
Shein, the Chinese fast fashion giant, will make a return in India via a partnership with Reliance Retail, the subsidiary business entity of Reliance Industries, according to media reports. The Indian government has given the nod to the partnership, which is expected to support Shein in attaining In...
The Evolving Scenario of Customer Experience In FMCG
The FMCG industry is an ever-changing and highly competitive space that places great emphasis on customer experience. In today's world, customers seek personalized experiences, convenience, affordability and seamless omnichannel interactions with brands as more and more companies innovate their stra...
Golden Horn Group Acquires 9 US Dunkin’ Donuts Franchises For $ 18 Mn
Dunkin'
India-based global entrepreneur Teja Chekuri has acquired nine US Dunkin franchisees for USD 18,000,000 via their company Golden Horn Group. Dunkin' Donuts (DD) LLC, also known as Dunkin is an American multinational coffee and doughnut company. The Dunkin brand currently operates 13,000 franchisees....
Reliance, Adani Pull Out of Race To Buy Future Group Assets
Adani Group Reliance Retail Ltd. Big Bazaar
Reliance and Adani, two of the biggest corporate conglomerates run by high-profile billionaires Mukesh Ambani and Gautam Adani, dropped their initial plan to buy the assets of Future Group. While the two companies are mum about their most recent actions, reports claim that they had to alter their pl...
ITC Reports 22% YoY Rise In Q4 Net Profit At Rs 5,225 Cr
ITC
ITC on Thursday reported a 22.7 per cent year-on-year (YoY) increase in consolidated profit at Rs 5,225.02 crore for the quarter ended on 31 March 2023, compared to Rs 4,259.68 crore previous year in the same quarter. The company’s onsolidated revenue from operations rose by 7.3 per cent YoY at Rs...
Bharti Airtel Reports 50% High With Net Profit At Rs 3,006 Cr In Q4
Airtel India Airtel Buzz
Bharti Airtel reported a 50 per cent increase in a consolidated net profit at Rs 3,006 crore from Rs 2,008 crore a year back for the quarter that ended in March 2023. The company’s exchange filing said that operation revenues stood at Rs 36,009 crore, a 14 per cent increase from Rs 31,500 crore re...
D2C Fashion Brand French Crown Accelerates Its Operations, Moves To New Office Space
French Crown
French Crown, a retail and D2C fashion brand has announced its strategic plan to shift to a 32,000 square feet new office space in Surat, Gujarat. The new office space will serve as the base to expand its operations, accelerate supply chain management, exalt maximum market acquisition, and offer fla...
Promoter Of Vedant Fashions Launches Offer For Sale
Manyavar Vedant Fashion
In a major news, a Promoter of Vedant Fashions, owners of popular ethnic clothing brand Manyavar, launched an offer for sale (OFS) to offload 9.88 per cent stake in the company on Wednesday. As per reports, the promoter, Ravi Modi Family Trust, has decided to offload 9.88 per cent stake at floor pri...
Govt Cuts Crude Oil Windfall Tax To Zero
The central government has cut the windfall tax on petroleum crude to nil per tonne from Rs 4,100. As per a government notification, this will be effective from Tuesday. Meanwhile, the government left the windfall tax on petrol, diesel and aviation turbine fuel at zero. The taxes are revised on a fo...
Avenue Supermarts Witness Operating Margin Decline In Q4, Slow Recovery In Merchandise Sales
DMart
DMart retail chain operator Avenue Supermarts share fell by 4.7 per cent on Monday after the company’s basis-point decline in the March quarter operating margins on 13 May 2023. The company's margin fell from 8.4 per cent in the same period last year to 7.3 per cent this year. Its EBITDA growth al...
Amazon To Lay Off 500 Employees In India: Reports
Amazon.com Amazon India Amazon.it
Amazon will lay off about 500 employees in India across its businesses including Amazon Web Services (AWS) and more. The job cuts will also affect human resources and support functions, according to multiple media reports. The ongoing process of layoffs is part of Amazon’s previously announced 9,0...
Samsung Electronics To Build $222 Mn Chip Facility In Japan
Samsung Samsung Global
Samsung Electronics is looking to build a chip development facility in Japan for an estimated cost of 20 billion yen or USD 222 million, according to Nikkei Asia. The South Korean electronics major’s investment will build a production line for a prototype chip device at the facility which is expec...
Bhutan’s Distant Village Discovers Reliable Market For Its Milk
Goenpa, a remote village in Bhutan, has found a reliable market for its milk at Koufuku International's dairy processing plant in Chenary, Trashigang, The Bhutan Live reported. Although the farmers benefit from this convenient arrangement, they believe that revising the current milk prices is essent...
India’s Wholesale Inflation Turns Negative At (-) 0.92 % For April
Wholesale inflation in India based on the Wholesale Price Index turned negative in April at minus 0.92 per cent, official data released by the Ministry of Commerce and Industry showed. This has happened for the first time since July 2020. Wholesale inflation has been easing and in March it was at 1....
Hyundai Reports 40.9% Increase In Electric Vehicle Sales In 2022, Ranks Top 6th In EV Carmakers
Last week, South Korea's Hyundai Motor Co announced that it will invest 200 billion rupees (USD 2.45 billion) in Tamil Naidu over the next 10 years to bolster its electric vehicle (EV) production in India. SNE Research which provides global market research and consulting to the rechargeable batterie...
Tata Group To Be Apple’s 4th IPhone Contract Manufacturer In India: Reports
Tata Group Apple iPhone
Tata Group will be Apple’s fourth iPhone contract manufacturer in India after the acquisition of Wistron Corp’s factory in Bengaluru, according to a TrendForce report. The assembly orders by the cars-to-software conglomerate for various iPhone models is expected to be 5 per cent of total units i...
From Woodworking Background To Retail Success: The Journey Of Raghunandan Saraf
Saraf Furniture
Raghunandan Saraf, Founder & CEO, Saraf Furniture has been added the prestigious list of ‘BW Retail 40 under 40’ by BW Businessworld. He has a family background in woodworking, and he has over 14 years of experience in the furniture business. He began his journey towards entrepreneurship and in ...
Adani’s Ambuja Cement Plans To Increase Output Capacity By 14 Mn Tonne
Adani Group Gautam Adani Ambuja Cement Limited
Adani Group-owned Ambuja Cements said on Friday it would expand its blended cement production capacity by 14 million metric tonnes, as part of a previously announced plan to double capacity over five years. Ambuja placed orders to expand clinker capacity by eight million tonnes at two units that wou...
Hindustan Petroleum Posts Its Highest Quarterly Profit Increase In Nine Years
Hindustan Petroleum
Indian state-owned oil refiner Hindustan Petroleum Corporation on Friday said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins. Net profit for the fourth quarter ended 31 March jumped about 80 per cent to Rs 3,223 crore from Rs 1,795....
Premier Today 2 PM : Conversations on Business of Retail
Episode 5 In this exclusive interview, we sit down with the director of CANTABIL , one of India's leading fashion brands. Featuring Deepak Bansal, Director of Cantabil Retail India Ltd, discussing the Business of Retail and the industry in general with Mr. Ved Shukla, CEO & Founder, Mylomart & Advisor, BW Retail World.
Date of Premiere : 13 May, 2023
Time- 2 PM IST
Click to Subscribe:https://www.youtube.com/
Annurag Batra Ved Shukla Tanvie Ahuja BW Businessworld
Cantabil Plans To Enter Athleisure Space, Says Deepak Bansal
CANTABIL
In an exclusive interview with BW Retail World, Deepak Bansal, the director of Cantabil Retail India, shared his vision for the company, expansion strategies and the company's sustainable practices Deepak Bansal, the director of Cantabil Retail India, shares his vision for the company, expansion str...
Eicher Motors Sees 48% Profit Increase To 905 Cr
Eicher Trucks and Buses
In Q4FY23, Eicher Motors exceeded the projected profit after tax (PAT) and achieved a consolidated PAT of Rs 905.6 crore, which is an increase of 48.42 per cent year-on-year. Sequentially, the growth rate is approximately 22.24 per cent. The revenue for the quarter stood at Rs 3,804.32 crore, indica...
Hyundai Accomplishes Rs 20,000 Cr Investment For EV Ecosystem In Tamil Nadu
Hyundai India
Hyundai Motor India on Thursday announced its long-term investment plans in Tamil Nadu. The company said it would make further inroads into electric vehicles by investing Rs 20,000 crore in a phased manner -- over the period of 10 years. An MoU was exchanged between Unsoo Kim, MD and CEO, of Hyundai...
Aditya Birla Capital Profit Rises 35 % To Rs 609 Cr In March Qr
Aditya Birla Group Aditya Birla Capital
Aditya Birla Capital has posted a 35.5 per cent jump in its net profit of Rs 609 crore for the March quarter. It had Rs 450-crore net profit during the year-ago period. According to a statement from the company, total revenue from operations rose by 21.2 per cent to Rs 8,025 crore for the March quar...
GoFirst To Resume Flights On May 24: Report
GO FIRST
GoFirst plans to resume flights by 23 May with 23 aircraft and a scaled-back operation. The airline was using 27 aircraft as of 2 May. The airline and the Centre have also talked about when flights will return. Up until 15 May, Go First had formally stopped selling tickets. The airline was given a s...
ASUS India Strengthens Its Leadership Team In India
ASUS
ASUS India, a Taiwanese technology giant, today announced the appointment of Eric Ou as Country Head, President and Director, of Systems Group, ASUS India. With 23 years of rich experience in ASUS across different territories and functions, Eric Ou has been pivotal in building the brand share to the...
PUMA Named Karthik Balagopalan As Managing Director For India Operations
PUMA
PUMA has announced the appointment of Karthik Balagopalan as the new Managing Director of PUMA India and he is set to lead PUMA's operations in the country. Balagopalan has been with PUMA since 2006, he has held various management positions within the company, including Retail operations and Busines...
Ola’s Valuation Slashed By 35% To $ 4.8 Mn By Vanguard
Ola
In yet another sign of the valuation markdown plaguing the Indian startup sector, US-based investment management business Vanguard Group has reduced the value of ANI Technologies, the parent company of ride-hailing mobility startup Ola, by over 35 per cent to USD 4.8 billion from USD 7.4 billion. As...
India’s Ecommerce Logistics Market All Set To Witness Exponential Growth
India's logistics sector has emerged as a market differentiator, with an increasing emphasis on efficiency and visibility within the supply chain. Recently, India made significant progress on the World Bank's Logistics Performance Index (LPI) in 2023, climbing six places to reach the 38th position a...
Jayen Mehta On Amul’s Playbook For Your Kitchen
Amul
With consistent growth in its group turnover over the years through its dairy and value-added dairy products, Amul now seeks to go all out in India's booming FMCG space as it believes it is the right inflexion point to tap into other non-dairy food categories. Above Amul's big diversification bet is...
Will ONDC Take Over Swiggy & Zomato?
ONDC Ltd. Swiggy Zomato
The internet is buzzing all around with just one word - ONDC. Content creators, influencers, general public … they are all talking about ONDC and how it is ready to take on Food delivery apps like Swiggy and Zomato and save big bucks for the consumers. So what is the hype around ONDC? While the pl...
Exide Posts Profit Of Rs 208 Cr In Q4, Misses Its Forecast Due To Excessive Costs
Exide Industries Ltd, Industrial Division
Indian lead-acid battery maker Exide Industries reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide's net profit after tax was at Rs 208 crore for the quarter that ended 31 March, while analysts on average expected a gain of Rs 252 crore, according to....
Swiggy’s Valuation Halved To $5.5 Bn By Invesco
Swiggy Swiggy Delivery Partners
US-based investment firm Invesco on Monday cut the valuation of the Indian food delivery major Swiggy to USD 5.5 billion in January 2023 from its last valuation of USD 10.7 billion a year earlier. This has been stated in a regulatory filing with the Securities and Exchange Commission (SEC). It ma...
Hyundai Opens Booking For Its New SUV Exter
Hyundai India Hyundai Hyundai Worldwide
Hyundai Motor India has opened bookings of its Hyundai EXTER starting today. The booking starts at Rs 11 000. Customers will be able to now book Hyundai EXTER at Hyundai Dealerships across India or on their online platforms. On April 25, Hyundai Motor India unveiled a design of its SUV - Hyundai EXT...
Tata Tiago EV Achieves 10,000-Unit Sales Milestone
Tata Tiago Owners India TATA TIAGO Tata Motors
Automobile firm Tata Motors has announced that it has achieved the 10,000-unit sales milestone for its Tiago EV since its deliveries commenced. The Mumbai-headquartered company said it also made it the fastest electric vehicle to achieve this milestone in less than four months. The Tiago EV is the '...
Daikin India Expects To Double Its Business To $2 Bn In Next Three Years
Daikin India Daikin World's No. 1 Air Conditioning Company
Daikin Airconditioning India plans to become a USD 2 billion firm in the next three years, having passed the USD 1 billion mark in FY23, according to Chairman and Managing Director Kanwaljeet Jawa. For the fiscal year ending 31 March 2023, Daikin India had a revenue of Rs 8,860 crore. According to J...
Apple Better Business Than Any Other In Berkshire’s Portfolio: Buffet
Apple Apple TV
Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc's portfolio.
Be the first to know and let us send you an email when BW Retail World posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.
Want your business to be the top-listed Media Company?
