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Indian retail sector set for 10-13% growth in 2024: Luxury, value purchases, and demand uptick on the horizon
The retail sector in India is set to enter a "transformative era," with an anticipated growth of 10-13 percent in the upcoming year. Embracing...
Zomato may face a minimum of 3 years of litigation over INR 400 Crore GST notice, say experts
Taxation experts suggest that Zomato, a food delivery service based in Gurugram, could face legal battles lasting three to five years. The company asserts...
Amazon and Flipkart’s ad revenue hits INR 8,705 Crore in FY23, reflecting a 39% upswing
Ecommerce giants Amazon and Flipkart saw a notable 39% surge in their combined advertising revenue, amounting to INR 8,705 crore for the fiscal year...
Meesho’s FY23 revenue soars to INR 5,735 Crore, marking a 77% growth as losses narrow by 48%
On Friday, the e-commerce platform Meesho announced that its losses for the financial year ending on March 31, 2023, decreased by 48%, amounting to...
Ratan Tata to liquidate entire 77,900 shares in FirstCry IPO
Business tycoon Ratan Tata is poised to liquidate his complete holding of 77,900 shares in the upcoming first public offering (IPO) of the FirstCry...
IPO-bound FirstCry files DRHP, targets INR 1,816 Crore fundraising in fresh issue
Pune-based BrainBees Solutions Limited, the parent entity of the omnichannel marketplace FirstCry, has filed a draft red herring prospectus (DRHP) with the market regulator...
Victoria’s Secret unveils second Pune store at Kopa Mall
American intimate apparel brand Victoria's Secret has launched its second store in Pune, as announced by the international retailer Apparel Group on Tuesday. Situated...
Foodtech giant Zomato makes strategic bid for Shiprocket, valuing logistics unicorn at $2 Billion
Zomato, a prominent player in the foodtech industry, is said to have extended an acquisition proposal to Shiprocket, a unicorn in the field of...
ONDC network live in 500 towns & cities, MoS Commerce affirms full adherence to e-commerce regulations
During the 13th day of the Parliament’s Winter Session, e-commerce took center stage as the government addressed a myriad of questions concerning regulation, competition,...
Amazon, Walmart, and Target go head to head in race to accelerate delivery speeds
Walmart, Target, and Amazon are deeply invested in the shipping wars, a strategic maneuver acknowledged by retail experts as crucial for maintaining a competitive...
FirstCry plans to launch IPO, aims for a $500-600 Million funding round
After postponing its initial public offering (IPO) last year amidst volatile market conditions, omnichannel retailer FirstCry is reportedly preparing to submit its draft IPO...
Walmart-backed PhonePe’s move to invest in Dunzo stumbles amid investor apprehension
Walmart-backed PhonePe recently made an offer to cash-strapped Dunzo to invest a significant amount in its merchant network business, at a time the latter...