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Zomato Q4FY24 results: Blinkit nearly triples its revenue; plans to reach 1,000 store mark
As per the regulatory filing, Blinkit’s revenue from operations for the financial year that ended March 31, 2024, stood at Rs 2,301 crore against Rs 806 crore in the last fiscal.
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Kazo bets big on accessories category, launches new brand Kazo Details
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Restaurants, food aggregators see record business on Mothers' Day
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Flipkart’s talks to move domicile from Singapore to India gain momentum
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N Chandrasekaran to chair Tata Electronics
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Before global scrutiny, Indian spice maker MDH faced many US rejections
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April brings good news: Consumer goods cos winning majority votes during polls
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The Glenwalk whisky maker Cartel Bros plans expansion across 12-15 states in FY25
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Akshaya Tritiya buyers see the bright side; Q-comm coin deliveries see a hit
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India's retail inflation eases marginally to 11-month low of 4.83 per cent in April
In April, India's retail inflation slightly decreased to 4.83 percent annually from 4.85 percent the previous month, as per government data released on Monday. According to a Reuters poll of 44 economists, the estimated figure was 4.80 percent.
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Veira to invest Rs 450 cr on new unit to hike air coolers, washing machines production capacity
Veira invests Rs 450 crore in a Greater Noida manufacturing unit to boost air cooler and washing machine production, aiming for increased revenue by FY25. The company serves multiple brands domestically and internationally across its Noida facilities.
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B2B e-com platform BEYOBO raises Rs 6.7 crore in pre-Series A2 round
Commenting on the fundraise, Anil Agrawal, CEO and Co-Founder, BEYOBO, says, "We are not just creating a platform; we are building a category that will redefine how cross-border transactions are perceived and executed globally, backed by our own 20-year experience in the domain. Our sights are firmly set on achieving profitability as we gear up for a Series A round, and the future looks incredibly bright.”
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Zomato posts Q4 consolidated net profit at Rs 175 crore
Zomato's consolidated revenue from operations stood at Rs 3,562 crore. It was Rs 2,056 crore in the year-ago period, it said. Total expenses were at Rs 3,636 crore. The company posted its total expenses at Rs 2,431 crore in the corresponding period a year ago.
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D2C space: Investments in "not my parents' brands" are #trending
Investors like Titan Capital are shifting focus to Gen Z brands, moving away from traditional brands. This trend is visible in brands such as Perfora, Wakefit, Hocco and Mokobara across various sectors, reflecting the changing consumer behaviour towards new and innovative products. The phenomenon of Gen Z consumers not using their parents' brands is visible in even sectors such as automotive and smartphones.
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Shein steps up London IPO preparations amid US hurdles to listing
Shein pivots to a London IPO from New York, facing U.S. regulatory challenges. The online retailer, valued at $66 billion, navigates hurdles with plans for a dual U.S. listing post-London float, monitoring the political climate.
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Amazon to invest $1.3 billion in France, create 3,000 jobs
Amazon's 1.2 billion euros investment in France to create 3,000 jobs, enhance cloud infrastructure for GenAI, support AI startups, and research centers. Plans to expand logistics network for faster, eco-friendly delivery.
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International calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25
Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any company in India till date for a single financial year.
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Fashion companies' dull show worries Nexus Select
The concerns are weighing on Nexus as India's first publicly listed retail Real Estate Investment Trust (REIT) is looking to invest Rs 1,000 crore in acquiring three malls in Hyderabad to grow the total portfolio to 20 malls and 11 million sq ft.
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Chinese ecommerce giants face delicate balance between discounts, profit
Alibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The demand for discounts affects revenue and profit margins, posing challenges for selling premium products.
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Opportune time to establish India presence: Swiss watch brand HYT
As major Swiss luxury watchmakers turn towards India, smaller independent brands like HYT are also establishing a presence to tap into the market's potential and engage with the collector community.
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FMCG companies to see muted demand in June quarter, recovery likely in H2
Overall volumes, which indicate the number of products consumers bought, expanded 5.2% in the March quarter, unchanged from the three months to December. Sales volumes in rural markets climbed 5.8%, and in cities by 4.7%, from a year earlier, data from Kantar showed. Kantar monitors branded and unorganised products, including unpackaged voluminous commodities. Nielsen, on the other hand, tracks primarily branded retail sales.
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All group businesses going through transformation over next couple of years: Shashwat Goenka, RPSG Group
Shashwat Goenka envisions significant growth and transformation across diverse sectors within the RPSG Group. The strategic focus includes retail expansion, innovative health food offerings, client-centric BPO services, and a transition to greener energy sources for sustainable growth.