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Zomato ropes in Mohit Gupta as CEO for its food delivery biz

Food delivery has been one of the most crucial areas of growth for Zomato with the vertical contributing about 30% of the overall revenues as of FY18.

July 04, 2018  |  comments ( 0 )  | 

Retailers Carrefour and Tesco join forces in a strategic alliance

The alliance, which will be formally agreed in the next two months, will exclude fresh food products, while each company will continue to work with supplier partners at a

July 02, 2018  |  comments ( 0 )  | 

Alibaba to invest over 100 bn yuan on smart logistics

Executive Chairman of Alibaba Group, Jack Ma made the announcement at the 2018 Global Smart Logistics Summit in Hangzhou, China.

June 02, 2018  |  comments ( 0 )  | 

Notices sent to HUL, P&G, LG: Taxman disallows AMP deductions sought by MNCs

Consumer companies such as Hindustan Unilever, P&G, L'Oreal, LG and Maruti Suzuki have already been notified by the income-tax department. Industry experts peg the total

May 25, 2018  |  comments ( 0 )  | 

Future Retail net losses escalate at Rs 464 cr In Q4

The company reported exceptional expense of Rs 603.87 crore in the reported quarter due to demerger of retail business undertaking of Hypercity Retail (India) with the

May 22, 2018  |  comments ( 0 )  | 

Coffee Day Enterprises Net Profit Rises 36 pc at Rs 34.5 Cr In Q4

For the corresponding quarter of 2017 fiscal, the company had posted a net profit of Rs 25.3 crore

May 18, 2018  |  comments ( 0 )  | 

Britannia net profit ups 25% in Jan-March Quarter

The maker of Bourbon and Good Day biscuits has stepped up its focus in the rural markets over the last few years to drive growth and sustain market share.

May 16, 2018  |  comments ( 0 )  | 

Cookies Maker Britannia rejigs global sourcing to cut costs

The plant will produce cookies, biscuits and rusk, among other products. The company, which makes Good Day and Tiger biscuits, has 75 manufacturing facilities, including

May 16, 2018  |  comments ( 0 )  | 

Britain's Mothercare Seeks More Money From Investors For Restructuring Plan

The Britain based brand has seen sales and profit hammered by intense competition from supermarket groups and online retailers in its main UK market as well as by rising

May 15, 2018  |  comments ( 0 )  | 

HUL posts 14% YoY rise in Q4 profit to Rs 1,351 Cr

Sales for the quarter came in at Rs 9,003 crore, up 2.62 per cent YoY over Rs 8,773 crore in the same quarter last year. Analysts had anticipated Rs 8,868 crore revenue

May 14, 2018  |  comments ( 0 )  | 

Westlife Development Revenues Cross Rs 1100 Cr Mark In FY18

The restaurant chain added 25 new stores in FY18 and marked entry into three new cities namely- Vishakapatnam, Manipal and Anand, taking its total restaurant count to

May 14, 2018  |  comments ( 0 )  | 

Jubilant Foodworks Q4 profit soars to Rs 68 crore

The company reported 27 percent rise in its revenue to Rs 780 crore in the fourth quarter as compared to Rs 612 crore it posted during the corresponding period last

May 08, 2018  |  comments ( 0 )  | 

Tata Coffee net profit falls 62% to 22 cr in Jan-Mar

Tata Coffee is Asia's largest integrated coffee company, the second largest exporter of instant coffee, and major producer of specialty coffee in India.

May 08, 2018  |  comments ( 0 )  | 

Snapdeal To Sell Unicommerce' Biz to Infibeam In Rs 120 Cr deal

Both the companies kept the deal a top secret and will hold a board meeting to get the deal approval, as per the sources.

May 07, 2018  |  comments ( 0 )  | 

D-Mart Posts Q4 Net Profit, Revenue up by 22.5% at Rs 3,810 Cr

D-Mart follows Everyday low cost - Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive price, using operational and distribution

May 07, 2018  |  comments ( 0 )  |