Bollywood style was one of the main fashion trends and growth drivers in the Indian fashion industry in 2018, according to a survey, as Bollywood weddings led to increased sales of specific products online.
Coffee-based personal care brand MCaffeine plans to achieve a topline of Rs 70 crore by December 2019 and aims to expand its coffee- and chocolate-based range, seeing the niche as having potential for growth.
Future Consumer Limited (FCL) has launched its personal care brand ThinkSkin with a braille friendly packaging in the Indian market and is expecting to generate revenue of around Rs 100 crore in the next two years.
Digital financial services platform Mobikwik saw its revenue increase 93 percent to Rs 86 crore (approx $12.3 million) in the fiscal year 2018 as compared to Rs 44 crore it had posted in the last fiscal.
Paypal has reported an over twelvefold increase in its India revenue for the 2018 financial year. The revenue increase also follows the US business’ decision to open an Indian domestic payments business.
Johnson & Johnson filed a three percent decline in revenue for the 2018 financial year, the brand’s first in the country since 2002. Profits did increase by 18 percent but the brand’s market share dwindled.
The All India Online Vendors Association (AIOVA) reported that Flipkart’s delivery segment Ekart fired 300 seasonal workers and is scrutinising the business’ employment practices. Flipkart denies any wrongdoing.