India
Reliance Retail posts 6.2% net profit growth in Q3 FY2023
Reliance Retail posts 6.2% net profit growth in Q3 FY2023
Its net profit stood at INR2,400 crore during the quarter.
Carlyle buys majority take in India-based skincare, beauty firm
It will support the business growth and brand building of VLCC.
Reliance Retail Ventures unit acquires 50% stake in beverage firm
The remaining stake in SHBPL will still be owned by the Hajoori Family.
Online shoppers in India to grow up to 450 million by 2027
Currently, there are 200 million to 230 million.
India’s online marketplaces to reach $350b in GMV by 2027
The country’s online marketplaces have contributed over $100b in GMV so far.
Wider economic recovery to drive India’s consumer spending growth
Consumer spending is expected to grow by 7.1% year-on-year in 2023.
Coca-Cola, PepsiCo level India’s energy drink playing field: report
Sting and Thums Up Charged Berry Bolt are amongst the products that dominate India.
Reliance Retail may bring India’s first major carbonates private label
This followed its acquisition of Campa Cola.
Meta, Jio Platforms launch JioMart on WhatsApp
This is the first end-to-end shopping experience on WhatsApp.
IKEA-anchored ‘meeting place’ begins construction in India
It is expected to open in late 2025.
Reliance Brands ‘well positioned’ to tap India’s luxury apparel market
The company recently partnered with Balenciaga amongst other high-end brands.
Reliance Brands brings Balenciaga to India
The company will be the sole India partner of the luxury brand in India.
Reliance Retail profit climbs over 100% in Q1
Its net profit stood at $261m.
Reliance Brands brings Italian luxury brand Valentino to India
Its first boutique will open in Delhi.
Indian restaurants face dilemma amidst service charge ban
Restaurants are hesitant to incorporate service charges in menu prices.
Gap Inc. enters India market
This is thanks to its partnership with Reliance Retail.
The Body Shop awarded in two major categories in the 17th Retail Asia Awards
It was celebrated as Beauty Retailer of the Year and ESG Initiative of the Year and Health.
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The Trade industry is beefing up its workforce to better handle complaints.
