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PC Jeweller reduce bank liabilities by 10% in Q1 FY19

The company also informed that it has reduced bank liabilities from internal accruals and better realisations from the inventory.

August 22, 2018  |  comments ( 0 )  | 

Mitashi mulling doubling sales to Rs 1,000 crore in 3 yrs

Homegrown consumer durables firm Mitashi aims to double its turnover to Rs 1,000 crore over next three years as the part of growth strategy.

August 20, 2018  |  comments ( 0 )  | 

Lifestyle plans to open 20 new outlets

Fashion retailer Lifestyle plans to ramp up its offline presence in the country with overall investment of Rs 200 crore.

August 20, 2018  |  comments ( 0 )  | 

GST refund adversely effects Small biz exports

As per the data reveal by RBI micro, small and medium enterprises witnessed slump in credit even before demonetization and GST has not improved the situation.

August 18, 2018  |  comments ( 0 )  | 

Amway may bring its herbal range to overseas market

In order to tap growing demand for herbal products in the international market, direct selling company Amway has announced its exclusive plans to take indigenously

August 18, 2018  |  comments ( 0 )  | 

Paytm Mall Targets $10 Bn in Annualized Gross Sales by March 2019

Paytm Mall’s O2O operating model is aiming to leverage India’s 15 million offline retail shops to participate in India’s e-commerce boom.

August 16, 2018  |  comments ( 0 )  | 

Future Consumer Limited signs a strategic partnership with MaxWholesale

Future Consumer Limited has inked a partnership with MaxWholesale to bring its products to the neighbourhood grocery stores in Delhi NCR

August 14, 2018  |  comments ( 0 )  | 

Flipkart Launches ‘Flipkart Supermart’, Its Online Grocery Store

Flipkart has announced the launch of Flipkart Supermart its grocery store, in all major pin codes of Bengaluru with plans to expand to 5 - 6 major cities by the end of

August 10, 2018  |  comments ( 0 )  | 

B2B startup ShopX bags $35 mn fund from Fung Strategic Holdings

Nandan Nilekani, leading entrepreneur and investor, backed ShopX from its early days with a personal investment of more than US$18 million in addition to providing

August 07, 2018  |  comments ( 0 )  | 

Arvind Limited posts 10% rise in Q1 revenue

The brands including Arrow, US Polo Association, Flying Machine and Tommy Hilfiger grew by strong 16% (20% adjusted for GST). Unlimited – the value retail offering –

August 07, 2018  |  comments ( 0 )  | 

TR Capital, Steadview make second investment in Lenskart

The total transactions in Lenskart has reached to five, which also counts International Finance Corp (IFC), the private sector investment arm of the World Bank, and

August 06, 2018  |  comments ( 0 )  | 

Nestle India Q2 net profit grows 50% to Rs 395 cr

The January-December financial year following company had posted a net profit of Rs 263.43 crore for the April-June quarter of 2017-18.

August 04, 2018  |  comments ( 0 )  | 

Bosch, Siemens reduce washing machine, fridge prices by 7-8%

Lately, Centre had cut the GST rates from 28 per cent to 18 per cent on 15 items, including washing machine, fridge, laundry machines and food grinders.

August 03, 2018  |  comments ( 0 )  | 

Swiggy seeks investors attention to raise up to $500 mn Fund

Swiggy held talks with a host of new investors including SoftBank, growth equity firm General Atlantic and a couple of Chinese hedge funds for the new round.

August 03, 2018  |  comments ( 0 )  | 

UPI transactions fall 4% on round tripping curbs, PhonePe beats Paytm to claim Ist spot

The payments systems of the country NPCI, in July had asked to end transactions originating from different UPI apps with the debit and the credit happening in the same

August 02, 2018  |  comments ( 0 )  |