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Khadim India to demerge distribution business by September, expects margin improvement by 100-200 bps
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
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
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
With the exponential surge of food delivery apps like Zomato and Swiggy, quick service restaurant operators are grappling with significant challenges, as outlined in...
Luxury hotel chains in India expand branded residences amid rising demand from high-net-worth individuals
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
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
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
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
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
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
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
Fairness creams saw a 3% decrease in volume sales in 2023 compared to the previous year, marking the first decline in their popularity, according...
