Xiaomi outsells Samsung 2:1 in India’s largest smartphone market

Xiaomi outsells Samsung 2:1 in India’s largest smartphone market

2018-03-09T08:39:15+00:00 On

Xiaomi, the Chinese brand, sold 2 smartphones for every smartphone sold by Samsung in Maharashtra — one of the most urbanized states in India, according to market research firm CMR. The numbers are a cause for worry for Samsung as they indicate…

Future Retail reports 81% jump in net profit on sales growth, lower interest costs

Future Retail reports 81% jump in net profit on sales growth, lower interest costs

2018-02-06T14:45:23+00:00 On

Future Retail, the flagship company of the Future Group led by Kishore Biyani, reported an 81% jump in its net profit due to higher operating leverage afforded by increasing revenue and a sharp dip in interest costs. Net profit for October-December rose…

Eveready to float FMCG joint venture with Indonesia-based Wings group

Eveready to float FMCG joint venture with Indonesia-based Wings group

2018-01-27T13:43:38+00:00 On

Battery and electrical goods maker Eveready Industries India said it will float a joint venture the Wings Group of Indonesia to enter the market of fast moving consumer goods (FMCG) in India. Eveready will acquire 30% shares in the new company, with…

TCS to help UK’s Marks & Spencer become ‘digital first’

TCS to help UK’s Marks & Spencer become ‘digital first’

2018-01-15T12:22:20+00:00 On

Tata Consultancy Services said it has entered into a five-year deal with long-time customer and retail chain Marks and Spencer to transform its customer experience and make it a ‘digital first’ business. “TCS will be Marks & Spencer’s principal technology partner and…

Titan jewelry retail sales meet expectations, primary sales slow

Titan jewelry retail sales meet expectations, primary sales slow

2018-01-08T18:33:51+00:00 On

Titan Co, India’s largest jewelry company, said its mainstay jewelry business saw retail sales that were in line with expectations for the October-December period, but there was a slight slowdown in sales to franchisees. It also said its pilot stores for special…

Adani to enter e-commerce with grocery app ‘Fortune Online’

Adani to enter e-commerce with grocery app ‘Fortune Online’

2017-11-08T10:50:16+00:00 On

Adani Wilmar, the company that markets ‘Fortune’ brand of food products in India, is all set to enter the online grocery sales business with a new e-commerce portal and app called ‘Fortune Online’. The company has hired Ahmedabad-based Infibeam to set up…

Tata enters cafe business with first store in Bangalore

Tata enters cafe business with first store in Bangalore

2017-10-31T14:33:56+00:00 On

Tata Global Beverages, the world’s second largest tea company, said it is evaluating the possibility of entering the cafe business and has launched its first pilot outlet at Indira Nagar in Bangalore. The outlet, called ‘Tata Cha’, will offer a wide variety…

Reliance, Essar triple petrol outlets in 2 yr, continue to expand fast – India Ratings

Reliance, Essar triple petrol outlets in 2 yr, continue to expand fast – India Ratings

2017-10-20T13:18:39+00:00 On

Private players such as Reliance Industries and Essar — owned by Russia’s Rosneft — have tripled the number of petrol and diesel outlets in India in the last two years, and could double their market share by implementing their ongoing expansion plans,…

PC Jeweller signs Akshay Kumar, Twinkle Khanna for pan-India expansion

PC Jeweller signs Akshay Kumar, Twinkle Khanna for pan-India expansion

2017-10-20T13:28:51+00:00 On

PC Jeweller, the Delhi-based jewellery chain, said it signed up Bollywood stars Akshay Kumar and Twinkle Khanna as it gets ready for a pan-India expansion. The brand, which started 12 years ago with a single shop in Karol Bagh in New Delhi,…

India sees record-breaking Private Equity inflows in 2017 – Study

India sees record-breaking Private Equity inflows in 2017 – Study

2017-09-29T14:17:25+00:00 On

The amount of money invested or committed by private equity firms in India reached an all time high in the first nine months of this year, said Venture Intelligence, a research firm tracking unlisted company financials, transactions and valuations. PE firms invested…

Worth Rs 70,000 cr, Patanjali’s Acharya Balkrishna named to India’s richest

Worth Rs 70,000 cr, Patanjali’s Acharya Balkrishna named to India’s richest

2017-09-26T07:48:35+00:00 On

Acharya Balkrishna of Patanjali has emerged as the latest addition to the list of the top ten richest people in India, which is still headed by Mukesh Ambani, chairman of Reliance Industries. Haridwar-based Acharya Balkrishna, age 45, rose to 8th position from…

FLIPKART BIG BILLION SALE: Bajaj Finance offers no-cost EMI

FLIPKART BIG BILLION SALE: Bajaj Finance offers no-cost EMI

2017-09-19T16:59:08+00:00 On

Bajaj Finance will offer ‘no cost EMI’ schemes on over four lakh products during the Flipkart’s ‘Big Billion Days’ sale that starts tomorrow and ends on Sunday to its existing customers. “The existing EMI Card customer can transact on Flipkart without any…

Uflex develops pack to preserve a sandwich for 8 days in room temperature

Uflex develops pack to preserve a sandwich for 8 days in room temperature

2017-09-14T11:05:53+00:00 On

Uflex, one of the world’s largest food packaging manufacturers, said it has developed an ‘active’ packaging material that can double the unrefrigerated shelf life of food items such as sandwiches. “The special properties of the FDA approved packaging material keep the pouch…