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Wednesday, October 23, 2024

Industry

Marriott International bolsters commitment to South Asia with addition of over 4,600 rooms to development pipeline, unveils expansion plans for 2024

Hotels & Restaurants
Marriott International, the world's largest hotel chain by number of rooms, reaffirmed its long-term commitment to South Asia on Tuesday by adding more than...

India tops Ikea’s investment priority list, says CEO Jesper Brodin, highlighting rapid development and market potential

Industry
Jesper Brodin, the global CEO of Ingka Group, highlighted that India holds the top position on Ikea's priority markets list for investment, remarking, "India...

SC slams Patanjali Ayurved for misleading ads, bans promotion of medical claims; contempt notice issued

News
The Supreme Court came down heavily on Patanjali Ayurved on Tuesday for its 'misleading' advertisements, imposing a ban on the company from promoting any...

Indian FMCG firms turn to Dubai as launchpad for international expansion

News
Several Indian fast-moving consumer goods (FMCG) companies are considering Dubai as the base for their global expansion, according to Ashraf A. Mahate, the chief...

Titan completes acquisition of remaining 0.36% stake in CaratLane for INR 60 Cr

Industry
Titan, a Tata-owned watchmaker, announced on Tuesday the acquisition of the remaining 0.36% stake in omnichannel jewellery brand CaratLane for INR 60.08 Cr. Before this,...

Beyoung teams up with Gokwik to enhance digital footprint and combat RTO rates

Industry
Beyoung, a Udaipur-based fashion brand, has partnered with the New Delhi-based e-commerce enabler platform Gokwik. The collaboration seeks to bolster Beyoung's digital footprint in India...

German perfume retailer Douglas set to unveil IPO plans despite market uncertainty

Industry
German perfume retailer Douglas is poised to announce its plans for an initial public offering (IPO) in the coming days, as reported by Reuters,...

Shein considers London IPO amid US listing hurdles

News
Fast-fashion company Shein is considering relocating its initial public offering from New York to London due to obstacles encountered in the US listing process,...

Khadim India to demerge distribution business by September, expects margin improvement by 100-200 bps

Industry
Khadim India Ltd, a leading footwear company, is expecting to complete the demerger of its distribution business by September this year, as stated by...

D2C footwear brand Fausto makes foray into UAE market through Amazon

Industry
Fausto, the D2C online footwear brand, announced on Monday its entry into the UAE market through e-commerce giant Amazon with the introduction of a...

Businesses should nurture startups without seeking ownership, says Zomato CEO Deepinder Goyal

News
On Tuesday, Deepinder Goyal, the founder and CEO of Zomato, emphasized the importance for established businesses to support and foster startups without the aim...

Food delivery app surge leaves QSRs struggling with revenue and margins amidst fragmented sales: BNP Paribas Report

News
With the exponential surge of food delivery apps like Zomato and Swiggy, quick service restaurant operators are grappling with significant challenges, as outlined in...
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