Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
Hackers who tried to steal nearly US$2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of US$81 million from Bangladesh’s central bank in 2016, City’s CEO said on Monday (Feb 19). The unknown…
Low-cost carrier AirAsia India plans to add up to 70 aircraft to its fleet over the next 4-5 years as it seeks to aggressively expand services, domestic market share, and network, a top executive at the firm said in an interview. “We are expanding…
Physical gold demand in Asia picked up towards the end of the week, as a pullback in prices spurred purchases ahead of the Lunar New Year in China and the wedding season in India. Spot gold has declined about 1% so far this week and was headed for a second…
With store openings and competitive pricing, H&M India has upped its turnover 94.5 per cent in India for the year to the end of November. The Swedish fast-fashion retailer’s turnover reached INR955 crore (US$148 million) for the 12 months. Its growth follows…
Low-cost, long-haul carrier AirAsia X Bhd, which has started operating its Kuala Lumpur-Jaipur route, is hoping toincrease its services in and out of India, a market in which it sees potential. “We would love to put a lot more flights if regulators allow us…
International Top Model, Heidi Klum Intimate Solutions are available in India exclusively on The Clothing Rental, This collection answers your need to feel effortlessly comfortable every day. The Clothing Rental has got the rights to sell Heidi Klum Intimate…
Digital consultancy AdParlor has restructured its South Asian operation after shutting down offices in India. The global firm previously had two bases in Delhi and Mumbai to service its telecommunications clients Airtel and the Axiata owned-Robi and Dialog.…
Indian Prime Minister Narendra Modi has removed the need for a federal approval of foreign single-brand retailers entering India. He has also relaxed the rule mandating 30 per cent local sourcing giving companies five years to reach the threshold. The…
India’s Idea Cellular has reported a steep 24.9% decline in Q3 revenue and a surge in net losses as a result of the “body blow” from regulator Trai in the form of a mobile termination charge cut. Revenue for the quarter fell to 65.1 billion rupees ($1.02…
Thailand conglomerate Charoen Pokphand (CP) Group plans to invest Rs1000 crore (US$157 million) over the next five years to open Siam Makro wholesale stores in India. Siam Makro, the company’s retail arm, will open 15 wholesale cash-and-carry stores in India,…
Hong Kong-headquartered waffle chain WAFL has opened its first stores in India as it continues an international franchise roll-out program. The company now operates 53 stores outside Hong Kong, although the Indian stores are the first in another Asian market,…
A shopping mall designed by international consultant Broadway Malyan has opened in India. The firm was appointed by Prestige Group to design the interior fit-out and exterior façade of Forum Mall, Mysuru. The shopping mall comprises 54,000 sqm of space, and…
AirAsia India has announced new flights connecting Chennai with Bengaluru and Bhubaneswar. AirAsia India will start operations on the new flights from February 24, 2018, according to the airline’s website – airasia.com. The move comes over two years after the…
Bangladesh operators Teletalk and Robi Axiata have arranged to share network sites across the country to improve the network experience for their respective customers. The two operators have signed an agreement on the network sharing deal at a meeting this…
Nepal’s Ncell Axiata has revealed it has expanded its LTE network to cover two more cities – Lahan and Dhangadhi. The operator’s 4G network now spans 21 cities, giving Ncell the widest 4G coverage in the market at more than 15% of the population. Ncell…
Rice prices gained this week in India as Bangladesh continued to lap up the staple grain from its neighbour, while prospects of deals with the Philippines saw rates climb for the first time in three weeks in a relatively quiet Vietnamese market. In Vietnam,…
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