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Global cocoa supply shortage pushes Cadbury and major chocolate brands to consider price hikes
Consumers could soon see higher prices for their favorite Cadbury bars and chocolate cookies. The increase in cocoa prices, due to a global supply...
Rising inflation and shifting consumer preferences drive major brands to prioritize premium products over mass market offerings
The allure of the 'bottom of the pyramid' appears to be waning for major consumer goods manufacturers. Over the past two years, they've introduced...
Ace Turtle inaugurates third Toys“R”Us store in India, plans 12 new stores in 2024
Ace Turtle, a retail tech company, has inaugurated the third Toys“R”Us store in India, located in Bengaluru at Bhartiya Mall near Hebbal. The new...
Suba Group of Hotels partners with Hotelogix for cloud-based multi-property management system, enhancing operations and growth
Hotelogix, a leading cloud-based hospitality technology provider, announced that India's Suba Group of Hotels has implemented its multi-property management system. Hotelogix will equip the...
Varun Beverages completes acquisition of South African bottler BevCo
Varun Beverages Ltd, the largest franchise bottler for PepsiCo, has announced the successful completion of its acquisition of the South Africa-based Beverage Company (BevCo)...
Myntra’s marketplace reports positive EBITDA in Q4 2023 amid strong growth
Myntra, a leading fashion e-commerce platform, announced that its marketplace division has achieved positive EBITDA (earnings before interest, taxes, depreciation, and amortisation) since the...
Pure veg fleet decision based on survey data, surprised by uproar: Zomato CEO
Several days after Zomato announced its plans to introduce a 'pure veg fleet,' sparking controversy online, the foodtech giant's co-founder and CEO, Deepinder Goyal,...
IPO-bound Unicommerce launches AI chatbot to aid e-commerce sellers
Unicommerce, a Software-as-a-Service (SaaS) startup, has launched UniGPT, a GenAI platform designed to address the needs of e-commerce sellers. This platform will assist businesses...
ICICI Securities raises Zomato’s price target to INR 300, citing strong growth and profitability metrics
ICICI Securities, the brokerage firm, has maintained its 'BUY' recommendation for the foodtech giant Zomato and has adjusted its price target (PT) to INR...
PN Gadgil Jewellers sets sights on INR 1,100 Crore IPO, submits DRHP to SEBI
PN Gadgil Jewellers, the second-largest organized jewellery retailer in Maharashtra, has submitted its draft red herring prospectus to the Securities and Exchange Board of...
DrinkPrime spearheads clean drinking water initiative amidst Bengaluru’s water crisis
Every summer, groundwater levels in India decline, leading residents in multiple cities to depend on alternative water sources. A significant issue arising from this...
Coca-Cola’s largest bottler SLMG Group appoints Costin Mandrea as new CEO
SLMG Group, the leading independent bottler of Coca-Cola in India and SouthWest Asia, announced on Wednesday the appointment of Costin Mandrea as the Chief...