Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
AirAsia is scaling back its investment in AirAsia India as the group continues to face financial difficulties. The group will reportedly cut its stake to just 13%, giving the Tata Group significantly more stake in the airline. The change in ownership is…
India’s fastest growing lightweight fine jewellery brand designing affordable jewellery for everyday wear, recently launched its first brick-and-mortar store in Orion Mall, Rajajinagar Bangalore on 21st December 2020. The women-centric jewellery ‘experience…
India’s HCL Technologies, set to enter Vietnam next month, plans to hire more than 3,000 people for its operations in the country. HCL Vietnam will deploy advanced technology solutions for multinational businesses in a number of line departments in sectors…
Domestic fuel rates on Monday were hiked for the sixth consecutive day by the state-owned marketing companies across the metro cities in India leading the prices to touch two-year high. As per the notification from Indian Oil Corporation, petrol and diesel…
Disney India on Tuesday forayed into the e-commerce space with the launch of its online marketplace ‘shopDisney.’ This will give Disney fans across the country access to authentic toys and accessories related to Marvel’s Avengers, Spider-Man, Mickey and…
The Singapore-based property developer has secured its first three green loans in India, from DBS and HSBC, totaling INR 17 billion ($230 million). CapitaLand’s first foray into sustainable finance in India will be used to finance the development of its…
The Chennai-based bank, which has a 94-year history in India, with established retail and SME customer base, and a strong presence in South India, has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its…
Suzuki Motor Corp on Thursday forecast operating profit to fall by a quarter to 160 billion yen ($1.5 billion) in the year to March as sales, including in its key Indian market, shrink amid the coronavirus pandemic. That prediction was more than an average…
Japanese eyewear brand OWNDAYS, one of the largest players in the fashion eyewear space, is now expanding its India footprint. The company announced the launch of a new store at Inorbit mall, Mumbai, others being in Kolkata, Chennai, Hyderabad, Bengaluru, and…
Deutsche Bank is reportedly in advanced talks to sell its technology services unit to India’s Tata Consultancy Services. Tata Consultancy Services – Asia’s biggest software exporter and the tech subsidiary of Indian conglomerate Tata group – could take over…
Though H&M reported lower sales during the nine-month from December 2019-August 2020 loss, it returned to profitability in September as sales recovered in many of its markets. The brand’s sales decline narrowed to 5 percent year-on-year in September.…
AirAsia Group Bhd has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines, people familiar with the matter said. AirAsia India Ltd’s future may now depend on…
Harley-Davidson has decided to discontinue its sales and manufacturing operations in India, as part of restructuring actions that the company refers to as ‘The Rewire’ strategy. On Thursday, Harley-Davidson informed its employees of additional restructuring…
Expanding its vehicle subscription program – Marti Suzuki Subscribe, to newer cities, the carmaker today launched it in Delhi, NCR (Noida, Ghaziabad, Faridabad, Gurugram) and Bengaluru. Earlier in August, the company had launched a pilot program for its…
Identifying the demand forecast in the holiday season and driven by its mission to enhance the air connectivity in the country, AirAsia India has launched two new routes, connecting Mumbai with Guwahati and Srinagar. The airline expanded its network by…
Skoda Auto India is currently focusing on expanding its footprint across the country. Apart from adding new outlets, the company will also be replacing the existing ones, who do not have enough financial resources to expand with the brand. The Czech automaker…
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