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Wednesday, October 23, 2024

Industry

Luxury hotel chains in India expand branded residences amid rising demand from high-net-worth individuals

Hotels & Restaurants
Encouraged by growing demand from high-net-worth individuals, luxury hotel chains in India are expanding their portfolio of branded residences to cater to a wealthy...

Tech adoption imperative for food businesses, says Riyaaz Amlani of Impresario

News
Sharing an insightful narrative on the evolution of India's food services industry, Riyaaz Amlani, Founder and MD of Impresario Entertainment and Hospitality, emphasized the...

Biggies Burger secures pre-series A funding, valuation soars to INR 210 Crore, fueling rapid expansion plans

Startups
Biggies Burger, the indigenous burger chain of India, has secured pre-Series A funding, valuing the company at INR 210 crore. This investment marks a...

Preparations for World Food India 2024 gain momentum with industry leaders’ roundtable

News
Anita Praveen, the Secretary of the Ministry of Food Processing Industries (FPI), led a roundtable discussion with industry leaders at Invest India. The main...

ICRA forecasts 7-9% revenue growth for Indian hotel industry in FY25

Hotels & Restaurants
According to a report by credit rating firm ICRA, the Indian hotel industry anticipates a revenue growth of seven to nine per cent in...

FMCG companies eye price-led growth with planned hikes in consumer goods

News
Following a notable decrease in input material costs last year and subsequent price reductions affecting the value growth rate of the fast-moving consumer goods...

Indian consumption trends shift: Less spending on food, more on discretionary items and durable goods, new govt data reveals

News
According to government consumption data, Indians are reducing their expenditure on food, notably essentials like rice and wheat, while increasing spending on discretionary items...

Shift in Indian beauty market: Fairness creams witness first decline as demand swells for radiance and hydration products

Industry
Fairness creams saw a 3% decrease in volume sales in 2023 compared to the previous year, marking the first decline in their popularity, according...

Swiggy prepares for IPO with name change to Swiggy Private Limited

News
IPO-bound Swiggy is set to change its registered name from Bundl Technologies Private Limited to Swiggy Private Limited, following a resolution passed earlier this...

Hotel association calls for GST reform, seeks 5% rate for in-house restaurants

Hotels & Restaurants
Hoteliers in the western region, under the banner of the Hotel And Restaurant Association (Western India) – HRAWI, have urged the government to de-link...

Mahindra Holidays explores resort expansion across multiple Indian states

Hotels & Restaurants
Mahindra Holidays & Resorts has entered into an agreement with the Andhra Pradesh government to invest INR 500 crore in the state. Additionally, the...

D2C fashion brand The Souled Store enters Kerala market, opens first store in Calicut

Industry
The Souled Store, a Mumbai-based direct-to-consumer apparel brand, has expanded its presence into Kerala with the inauguration of its first retail store in Calicut,...
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