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See whats happening in Retail sector right now
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ADIA, KKR book a $1.5b space in Reliance Retail warehouse
ADIA and KKR invest $1.5 billion in RRVL's warehousing assets, managed by RPPMSL. RRVL transfers assets to RLWH. Financial details include debt, NCDs, and equity. RRVL's growth supported by investments and strategic partnerships.
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Fizz on the Street: Coke bottler looks to uncork IPO plans
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Adani Wilmar food business should double for next 3-5 years: Angshu Mallick
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Mars Cosmetics eyes doubling its revenue this fiscal
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Dabur's profit up 16.5% to Rs 341.22 cr in Q4 FY24
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DFM Foods premiumises snacks portfolio; building biz attractive to strategic buyers in long term: CEO Vipul Prakash
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ONDC’s first buyer side logistics app to fix a big gripe
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Adani Wilmar Q4 profit jumps 67% to Rs 156.75 cr
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Cremica Foods to raise Rs 500 crore at the valuation of Rs 2,000 crore
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Hugo Boss profit tops expectations, but China lags
The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new points of sale in 2023, but its shares have fallen this year as it warned of slower sales growth.
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Apple sets revenue records in India amidst overall slump, says CEO Tim Cook
“We did grow strong by double-digit, and so we were very, very pleased with that. It was a new March quarter revenue record for us. As you know, as I’ve said before, I see it as an incredibly exciting market and it’s a major focus for us.” Cook said, commenting on India market performance during the company’s earnings call Friday.
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All our spices comply with the regulations set up by FSSAI for Indian markets, says Dabur
Dabur India assured that all its spices meet the regulations set by the FSSAI for the Indian market and by the Spice Board of India for overseas markets. CEO Mohit Malhotra stated that export consignments undergo testing by the Spice Board before shipment, ensuring compliance with regulations. The company uses steam sterilization for export consignments and has established an in-house micro lab for microbial testing.
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Yoga pants inventor Lululemon Athletica plans to enter India
Lululemon Athletica plans to enter India independently, focusing on locations in Mumbai, Delhi, and Bangalore. The company, known for yoga pants, aims to tap into the country's growing demand for fitness and athleisure wear.
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SLN Coffee appoints HUL's Sahib Singh as CEO
On his appointment, Singh said, "I am very excited to join SLN Coffee Group. Levista has already made significant strides in the market, and I am eager to build on this momentum. I aim to drive SLN Coffee Group towards becoming a successful multinational corporation with world-class operations, capitalize on the brand's strengths, and explore new avenues for growth."
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FSSAI to launch quality check of food items like dairy products, spices, fortified rice
The Food Safety and Standards Authority of India (FSSAI) plans to conduct surveillance on various food items like fortified rice, dairy products, and spices sold in the domestic market. This comes after a probe into alleged violation of norms in branded spices. FSSAI is already taking samples of spices from all brands to check compliance with its norms. The number of samples analyzed by FSSAI has substantially increased over the years, showing efforts to enforce food safety regulations. Non-compliance can lead to penalties under the FSS Act, including fines and imprisonment.
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Go DESi raises Rs 41 crore from Avishkaar Capital, others
"There are immense opportunities in the packaged food industry in India which is growing rapidly at 20-25 per cent. The funding partnership with Aavishkaar Capital will help Go DESi strengthen its product portfolio, accelerate marketing, rapidly scale our geographic focus and expand our distribution reach," Vinay Kothari, Founder, Go DESi, said.
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MoEngage’s Flagship Event #GROWTH Summit to be Held in Mumbai on 9th May
#GROWTH Summit MumbaiMoEngage’s flagship event in Mumbai offers attendees actionable insights and takeaways from expert panelists. ~ Brand Connect Initiative
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Blue Star net profit drops 29% to Rs 159.71 crore in Q4 FY24
Blue Star's total income increased to Rs 3,340.16 crore in Q4 FY24 as against Rs 2,830.48 crore in the similar period of the previous fiscal. Its total expenses also grew at Rs 3,126.38 crore in the fourth quarter of 2023-24, compared with Rs 2,485.46 crore in the corresponding period of the last year.
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Agilitas appoints Nirdosh Chouhan as chief technology and product officer
Nirdosh Chouhan is a member of the founding team at Agilitas Sports. He will lead tech at Agilitas.
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OECD revises India's FY25 growth forecast upward to 6.6%
OECD revised India’s FY25 growth forecast to 6.6%, citing strong investment and business confidence. Public sector investment will be crucial, with inflation expected to decrease, leading to rate cuts. Emphasis on fiscal deficit, agricultural reforms, and global growth.
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India widens spices crackdown with nationwide checks on all manufacturers
Hong Kong last month suspended sales of three spice blends made by India's MDH and an Everest spice mix for fish curry. Singapore ordered a recall of the same Everest mix as well, flagging high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure.
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EBay forecasts Q2 revenue below estimates as consumer spending remains strained
The San Jose, California-based company has been under pressure as inflation-hit shoppers are becoming increasingly choosy about their online purchases and competition from larger platforms like Amazon.com.
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Developing e-com hubs to boost exports may figure in ministry's 100-day agenda of new govt: Official
The commerce ministry's arm DGFT is already working with the RBI and concerned ministries, including the finance ministry, on several steps to promote exports through e-commerce medium as huge export opportunities are there in the sector.