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Higher profits for FMCG leaders in quick commerce vs. retail and e-commerce!
Consumer goods companies are bagging higher profits from quick commerce than other channels, according to top executives of companies like Colgate-Palmolive India, Godrej Consumer...
India’s Gold demand surges to 50 times production in 2023
India's gold production in 2023 was 15.1 tonnes, while demand for gold was 747 tonnes, 50 times more than the supply, according to a...
Reliance Consumer boosts distributor margins following Cola market disruption
Reliance Consumer Products (RCPL) is offering higher margins to its distributors and trade partners to incentivize them to stock up and promote its portfolio...
Quick commerce delivery workers ‘out-earn’ food delivery counterparts
Delivery executives working for quick-commerce platforms earn more than those delivering food, revealed a recent report .Morgan Stanley states Q-comm delivery man earn INR...
Curefood goes global, opens Sharief Bhai outlet in Dubai
Curefoods has expanded its brand globally by opening its first Sharief Bhai outlet in Dubai, UAE.Curefood to serve handcrafted Dakhni flavors from DeccanLocated in...
NCLAT rejects INR 3.7 Cr insolvency petition against Amazon Wholesale
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea seeking to initiate insolvency proceedings against Amazon Wholesale (India). This decision comes after Multiplier...
CCI gives nod to Temasek investment in Rebel Foods
The Competition Commission of India (CCI) has given the nod for Temasek, through its wholly-owned subsidiary Jongsong Investments, to acquire a stake in Rebel...
PhonePe’s Pincode pilots 20-minute quick delivery service, challenges Zepto, Blinkit
PhonePe's Pincode has entered the quick commerce space, piloting a quick delivery service in parts of Bengaluru, Delhi NCR, Mumbai, Pune, Hyderabad, and Varanasi....
CCI approves Google’s Alphabet acquiring stake in Flipkart
The Competition Commission of India (CCI) has given the green light for Google parent company Alphabet to acquire a stake in ecommerce giant Flipkart.Flipkart...
Tata Cliq reports 42% sales drop to INR 247 Cr, attributes decline to exit from electronics
Tata Cliq, the ecommerce platform of the Tata Group, has seen its sales drop for the second consecutive year.Tata UniStore registers INR 430 Cr...
Meesho introduces voice bot Gen AI, expects 20% cost reduction
Meesho, an e-commerce platform, has announced the launch of a multilingual Gen AI-powered voice bot to enhance its customer support on Tuesday, November 26.Meesho’s...
CEO Deepinder Goyal’s net worth surpasses INR 10,100 Cr; holds 4.18% stake in Zomato
Zomato's founder and CEO Deepinder Goyal has seen a significant boost in his net worth, driven by a sharp rally in the company's share...