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Meat retailer Licious lays off 80 employees in bid for enhanced efficiency
Licious, the omnichannel meat retailer, has laid off 80 employees, representing 3% of its total employee base. The firm said the layoffs were part...
Unilever eyes competitive volume growth in India, anticipates price reduction amid commodity trends
Unilever, the multinational FMCG firm, is focusing on driving competitive volume growth in the Indian market and expects a price reduction in its products...
Tata Digital to receive $1 Billion investment from Tata Sons
Tata Sons, a diversified conglomerate, is planning to infuse around $1 billion into its digital arm Tata Digital over the next few years.This development...
Warburg Pincus offloads 8.4% stake in Kalyan Jewellers for INR 2,937 Crore
Private equity major Warburg Pincus divested an 8.4% stake in Kalyan Jewellers India for INR 2,937 crore through open market transactions on Thursday.The US-based...
Zomato bolsters operations with its largest warehouse yet in India, secures prime space in Bengaluru’s Sumadhura Logistics Park
Zomato, the online food delivery company, has secured its largest warehouse in India to date at the Sumadhura Logistics Park in Bengaluru's Hoskote area....
India slashes wheat stock limits to bolster availability and stabilize prices
India has lowered the stock limit of wheat that traders, processors, and retailers can hold to increase the grain's availability and moderate prices, as...
Patanjali Foods’ Q3FY24 net profit falls 19.55% to INR 216.54 crore
Patanjali Foods, an Indian fast-moving consumer goods company, reported a 19.55% decline in its net profit to INR 216.54 crore for the quarter ending...
Nestle India ramps up investments, sets sights on robust growth with INR 6,000-6,500 Crore expansion plan
Nestle, a leading FMCG company, is expanding its manufacturing capabilities and operations in India. According to Suresh Narayanan, the Chairman and Managing Director of...
Apparel brand Bombay Shirt Company raises $3.2 Million in bridge funding round led by Singularity Ventures
Apparel brand Bombay Shirt Company has secured $3.2 million (INR 26.9 crore) in a bridge funding round. Leading the fresh infusion of capital is...
Govt-backed ONDC sees rapid adoption, CEO T. Koshy expects tenfold merchant growth in coming year
On Thursday, Thampy Koshy, the MD & CEO of the government-backed Open Network for Digital Commerce (ONDC), said that the platform currently hosts approximately...
Chef Harpal Singh Sokhi’s Karigari makes debut in South India with Bengaluru launch
Celebrity chef Harpal Singh Sokhi's renowned fine-dining restaurant chain, Karigari has entered South India with the opening of its latest outlet in Bengaluru. According...
ONDC, NCCF, and Shiprocket collaborate to deliver essential household staples directly to homes under ‘Sarkar se Rasoi Tak’ initiative
In a significant move to streamline access to essential household commodities, the Open Network for Digital Commerce (ONDC), the National Cooperative Consumers' Federation of...