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Zara India posts 45.5% jump in FY20 profit

NEW DELHI, July 9 -- Spanish fashion retailer Zara reported a 45.54% jump in its India profit for the year ended March, the company's local partner in the market, Trent Ltd., said in its annual report... Read More


Flipkart invests Rs.260 crore in Arvind Youth Brands

New Delhi, July 9 -- Flipkart Group has bought a minority stake in Arvind Fashions Ltd's (AFL) recently created subsidiary Arvind Youth Brands for Rs.260 crore. The company, which owns denim brand Fly... Read More


Diageo appoints PepsiCo's Deepika Warrier as India marketing head

New Delhi, July 8 -- Alcoholic beverages company Diageo India on Wednesday announced the appointment of former PepsiCo executive, Deepika Warrier, as its chief marketing officer effective 27 July. War... Read More


Lockdown hurt liquor, cigarette, skin care sales: Report

New Delhi, July 8 -- Demand for packaged essential foods, household insecticides, along with health and hygiene products such as household cleaners and anti-bacterial soaps is expected to benefit list... Read More


Retail sales dip 67% in last two weeks of June

New Delhi, July 8 -- Retail sales dropped sharply in June with retailers in malls reporting a 77% year-on-year dip in business in the last 15 days of June and those in high streets seeing business dec... Read More


Durables, appliances see demand uptick in June

NEW DELHI, July 8 -- Stuck-at-home Indians rushed to buy laptops, OTG, cookers, dishwashers, mixer-grinders in June while upgrading to large screen TVs as they attempted to adjust to work-from-home fo... Read More


Coca-Cola to list products on Grameen eStore to push rural reach

New Delhi, July 8 -- Beverage maker Coca-Cola on Wednesday said it has entered into a partnership with Common Services Centers, part of the Ministry of Electronics and Information Technology, to list ... Read More


Retail sales slump in June, consumer durables mark steady recovery

New Delhi, July 7 -- Retailers in malls reported a 77% year-on-year decline in business in the last fortnight of June, while those in high streets saw business decline 62%, according to findings of a ... Read More


Pandemic helped kirana stores embrace technology: EY survey

New delhi, July 6 -- The nationwide lockdown prompted kiranas to adopt technology quickly as millions of households moved online to buy essential supplies. As much as 40% respondents were keen to part... Read More


Tata Consumer Products to focus on distribution, enter new categories

New Delhi, July 6 -- Packaged consumer goods company Tata Consumer Products Ltd. on Monday said it will work on building its reach and distribution in the Indian market after it moved to consolidate i... Read More