Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
India’s telecoms sector is facing at least three more quarters of losses due to the ongoing price war, according to industry body the Cellular Operators’ Association of India (COAI). The Indian GSM industry body’s director general Rajan Mathews told that he…
Gozoop, one of India’s leading integrated marketing agencies, has retained the integrated marketing mandate for the Indian Super League (ISL) franchise Mumbai City FC for the third time. As part of the mandate, the agency will take charge of the mainline,…
Swedish furniture giant IKEA Sunday said it would not raise the prices of low-end furniture and furnishing products if the company costs increase due to Centre’s recent hike in customs duty on some furnishing items to curb imports of non-essential goods. “For…
Instakart Services, a part of the online e-commerce major Flipkart, is set to invest Rs 991 crore for setting up a logistics hub in West Bengal, a Minister said on Wednesday. “The company proposes to invest Rs 991 crore for setting up a logistic park at our…
E-commerce giants Flipkart and Amazon India have seen a strong start to their festive sale with categories like apparel and large appliances driving record transactions and new customers coming on board. According to a PTI report: These companies have put in…
The Swiss-based bank is recruiting a total of 11 advisors. The new hires will be spread across Julius Baer’s Indian branches in Chennai, New Delhi, Calcutta, and Mumbai. Asia head Jimmy Lee said this summer that India is a core growth market, along with China…
Indian telecoms operator Bharti Airtel has acquired AuthMe ID Services (AuthMe), a Bengaluru-based start-up focused on artificial intelligence (AI) based solutions, in a bid to bloster its AI portfolio. Financial details of the deal were not disclosed. As…
AirAsia, a low-cost air carrier, is linking Visakhapatnam and Bangkok and the flights would begin from Dec 8. Making the announcement at a media conference here on Monday, Rajkumar Paranthaman, the head of marketing, said there would be flights on four…
Keppel Land, the property subsidiary of Singaporean conglomerate Keppel Corporation, is in a partnership to develop its first commercial property in India. The group has acquired a well-located 3.09ha site from Metro Cash & Carry India in Yeshwanthpur through…
South Korea’s Samsung Electronics announced the opening of the world’s largest mobile experience centre in Bengaluru. Located in the iconic Opera House building situated on Brigade Road, the new India flagship is the smartphone maker’s largest mobile…
Swedish fashion retailer Hennes & Mauritz (H&M) posted a 49 percent growth in sales in India to 428 million Swedish Krona (around Rs 352 crore) in June-August quarter of 2018. While, for the nine-month period (December 2017 to August 2018) H&M India sales…
Metro Cash and Carry India is turning to smaller stores to speed up its network rollout as it tries to reach profitability. The German discount wholesaler is about to open its 27th store in the market which will be just 40,000sqft in size, far smaller than…
Walmart India, which runs 22 Best Price wholesale stores, is planning to increase the share of its private labels to topline to 10 percent by next year as it plans to tap the Flipkart platform. According to a report: The company opened its 22nd store in…
Van Heusen a premium formal fashion brand from Aditya Birla Fashion and Retail Limited unveils its flagship stores in Brigade Road and HSR Layout, Bangaluru. The new stores will house the exclusive Van Heusen men’s wear and women’s wear collections. Located…
Five years after setting up the franchise for Burger King in India, homegrown PE firm Everstone Capital is set to offload a minority stake in the quick service restaurant (QSR) chain. Everstone, which holds about 88% of Burger King India, will offload 20%,…
US-based chocolate maker Mars sees India as a key ‘accelerate’ market and is ramping up its distribution network in the country to tap the high growth potential, a senior company official said. According to a report: The company, which has brands such as…
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