Friday, November 8, 2024

Business

Delhi consumes 3.9 Cr bottles of liquor worth INR 4.48 billion during Diwali

Food & Beverage
Diwali celebrations in Delhi have led to a huge increase in liquor sales. In the two weeks before Diwali, 3.9 crore liquor bottles were sold, bringing in INR 448 crore in revenue. These sales happened through...

Dabur India suffers 17.65% profit drop amidst high inflation, weak urban demand

FMCG
FMCG giant Dabur India Ltd reported a 17.65% drop in its net profit to INR 417.52 crore for the September 2024 quarter due to high food inflation and reduced urban demand. Dabur India revenue drops by 5.46%...

VasyERP introduces self- checkout system ‘V-Checkout’

Retail & Ecommerce
Gujarat-based VasyERP has launched V-Checkout, a self-checkout system designed to make shopping easier during India's festive season, the company announced on Monday, October 28. VasyERP...

Swiggy raises fresh share size to INR 4,499 cr, files RHP

E-Commerce
After much anticipation, Swiggy filed its red herring prospectus (RHP) late on Monday, October 28. According to the IPO papers, the public issue will...

Arya.ag secures $19.8 Mn from US DFC, aims debt support for Aryatech

Growth
Agritech startup Arya.ag has received a $19.8 Mn (INR 166.4 Cr) commitment from US International Development Finance Corporation (DFC) to provide a debt facility...

Evenflow secures unspecified bridge round, eyes IPO in 2027

E-Commerce
House of Brands Evenflow has secured an unspecified amount from serial entrepreneur Shail Patel and existing investors in a bridge round. This is part...

Jewellery startup Bluestone targets INR 2100 cr through IPO by FY25

Fashion
With the ongoing Indian IPO boom, where tech startups like Swiggy, Ather Energy, and BlackBuck are aiming to go public, omnichannel jewellery startup Bluestone...

India’s lifestyle brand Kingdom of White Secures Investment from Actor Rana Daggubati

Fashion
Actor Rana Daggubati has invested an unknown amount in Kingdom of White, an all-white lifestyle brand. On Monday, October 14, the digital-first brand announced...

Zepto sells more than 1 Lakh Dandiya sticks during Navratri festivities

Retail & Ecommerce
Zepto co-founder and CEO Aadit Palicha announced on Linkedln that the platform sold over 100,000 dandiya sticks during the Navratri season. Zepto CEO Aadit announces...

OYO restructures leadership in key verticals to accelerate global growth

Hospitality
OYO, the hospitality unicorn, is shaking up its top leadership by promoting five executives in technology, product, strategy, operations, and distribution. First off, Sonal Sinha...

Radisson Blu to organise theatrical fest ahead of Diwali, partners with Vino De Bella

Hospitality
Indian brands are now experimenting with arts and culture to offer customers different experiences during this festive season. Organising cultural events has become a...

Central Govt to act against e-commerce brands for violating dark pattern norms

E-Commerce
The government plans to act against e-commerce companies after getting complaints about them breaking dark pattern rules during festive sales. The Central Consumer Protection...

Kisanserv partners with Milky Mist to expand into dairy segment

Food & Beverage
Kisanserv, a retailer of fresh fruits and vegetables, is expanding by partnering with Milky Mist, an Indian dairy brand. This partnership will add over...

Kalyan Jewellers revenue soars 39% on strong same-store sales in Q2 of FY25

Luxury
Kalyan Jewellers reported healthy financial performance in the second quarter of 2024-25. Revenues from Indian operations rose by 39% compared with the same period...
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