Reporting and analysis on retail, e-commerce, and consumer trends in India, updated continuously by our newsroom.
Demand for physical gold remained lacklustre across top Asian centres this week as buyers were put off by a rally in prices, but an approaching Chinese New Year could reignite appeal for the yellow metal. Gold prices rose for a third session on Friday to hit…
Indian jewellery chain Malabar Gold & Diamonds today added 11 showrooms across six countries to its network. Taking its retail store count to 208, the showrooms include AMK Hub in Singapore, Ampang Mall in Malaysia and Warangal in Telangana, India. Other…
Foreign investors will be allowed to own 49 per cent of Air India when it is privatised, opening the path for companies such as Singapore Airlines to take a stake in the country’s flag carrier. The Indian government announced it would allow foreign companies…
Indian operator Idea Cellular said Thursday that its board has approved plans to raise up to 67.5 billion rupees ($1.06 billion) in the sale of new shares, in a bid to strengthen its capital position ahead of completing its planned merger with Vodafone India.…
Chinese smartphone makers Oppo and Vivo, which together have a 17% share of the market in India, have slashed trade margins by over 40%, leading to a backlash by neighbourhood stores and mobile phone retail chains. Industry executives said Oppo and Vivo have…
Ford India’s combined domestic wholesales and exports in December recorded 29,795 vehicles, compared to 23,470 vehicles in the same month last year, registering a growth of 27%. The company sold 5,087 vehicles in domestic wholesales, compared to 5,566…
UK food-delivery startup Deliveroo is preparing to launch in India. Valued at US$2 billion, the company is hiring a country head along with a full team, insiders say, according to The Times of India. It will go head to head with local players like Swiggy and…
Handmade World, a leading name in the handmade outdoor furniture and interior décor in India, has tied up with world’s hi-end handwoven furniture brand, Hawaii Thai, to be the sole dealer and distributor for India market. Having received the India market…
CapitaLand India plans to divest six retail malls and its half-share in CapitaLand Retail Prestige Mall Management, which manages some of the properties. Singapore-headquartered CapitaLand has entered into definitive agreements to divest: * Its respective…
The Volkswagen Group plans to invest 1billion euros more in India, several people in the know said, as the world’s largest carmaker seeks to launch a flurry of vehicles and expand capacity to shrug off its underperformance in one of the fastest-growing…
AirAsia India is offering flight tickets starting below Rs. 1,400 on select routes in a limited-period sale. AirAsia India is offering tickets starting at Rs. 1,399 on flights from Bengaluru to destinations including Goa under a promotional scheme, according…
Uber rival Ola Cabs has merged with food-delivery platform Foodpanda India, taking control from Delivery Hero Group of Germany. Under the terms of the deal, as well as a handover of shares, Ola has committed to investing US$200 million into Foodpanda’s India…
Nissan Group of India on Tuesday announced a price revision across its Nissan and Datsun range of models. The prices of the Nissan and Datsun models will rise by up to Rs 15,000 effective 1 January 2018. Jerome Saigot, managing director, Nissan Motor India,…
Indore based start-up Indian Threads is changing the fashion industry for men. It is the online style destination for men in India. They bring you the most sharp & premium men’s shirts. Indian Threads love to make great clothes that suit every individual.…
Mail and logistics group Deutsche Post DHL (DPDHL) is expanding its dedicated e-commerce logistics service- DHL e-commerce- in India. The company has been testing e-commerce logistics business in India through its Indian subsidiary Blue Dart Express since…
Chinese e-commerce giant Alibaba Group Holding plans to invest about US$200 million in India’s online supermarket Bigbasket. This leads a $280 million funding round and would give it a stake of about 25 per cent in the startup, insiders say. The deal is…
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