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ONDC welcomes CBDT’s move to introduce 1% income tax deduction in multi-operator model for e-commerce
The Open Network for Digital Commerce (ONDC) lauds the recent guidelines from the Central Board of Direct Taxes (CBDT) introducing a 1% income tax...
Coffee Day Enterprises’ total default rises to INR 434 crore in December quarter
Coffee Day Enterprises Ltd has reported a cumulative default of INR 433.91 crore on payments of interest and repayment of the principal amount on...
Ayodhya becomes hub for FMCG companies and food service chains ahead of Ram temple consecration
FMCG companies and food service chains are actively flocking to Ayodhya ahead of the Ram temple consecration on January 22. They project an 8-10-fold...
ColourPop Cosmetics debuts in India through exclusive partnership with Nykaa
Nykaa, the homegrown beauty retailer, has introduced California-based cruelty-free brand ColourPop Cosmetics to its platform, signaling its entry into the Indian market. In December...
Adidas to establish its first Asia GCC outside China in Tamil Nadu
Adidas is establishing its first and only global capacity centre (GCC) in Asia outside China, specifically in Chennai, to concentrate on 'key processes,' as...
FSSAI issues show cause notice to IndiGo over serving ‘unsafe food’ on Delhi-Mumbai flight
Food safety regulator FSSAI has issued a show cause notice to the country's largest airline IndiGo for serving unsafe food to a passenger, days...
FMCG companies in India expected to face slow topline growth in Q3, with soft volume growth
Fast-moving consumer goods (FMCG) companies in India are anticipated to experience sustained challenges in the October-December quarter. This is likely to be reflected in...
Invesco raises Swiggy’s valuation by 9% to $8.5 Billion, marks second consecutive increase
Invesco has increased the valuation of the food and grocery delivery platform Swiggy by approximately 9% to $8.5 billion in its records as of...
Beauty and personal care tops D2C sales charts in 2023: GoKwik Report
Beauty and personal care (BPC) items within the rapidly growing direct-to-consumer (D2C) sector became the top-selling category in India, with approximately 3.7 lakh packs...
GSTN introduces new reporting sections in GSTR-1 for enhanced accuracy in tax filings
Effective from January 2024, the GSTN has incorporated two new sections in GSTR-1 to enhance reporting accuracy.In Table 14, it is now possible to...
Festive Fizz: India’s alcohol sales soar over 20% during Christmas and New Year, premiumization trend takes center stage
Alcohol sales during the festive season of Christmas and New Year witnessed a significant surge, with some industry players experiencing over a 20 percent...
Tendam marks entry into Indian market through exclusive collaboration with Myntra
Omni-channel fashion group Tendam has collaborated with the e-commerce platform Myntra to venture into and enhance its presence in India, as announced in their...