India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever.
Fast moving consumer goods business Emami reported a rise in its consolidated net profit with a total of Rs 354 crore for the January to March 2022 period thanks to a minimum alternate tax credit boost.
On Thursday, Japanese cosmetics group Shiseido confirmed its prudent forecast for the 2022 financial year, stating it is “hard to quantify precisely” the impact of the pandemic and of geopolitical tensions.
The Republic of India and the United Kingdom concluded the third round of talks concerning the proposed India-UK Free Trade Agreement and, advancing the draft treaty text, scheduled the next meet for June.
Kay Beauty, India’s first celebrity makeup brand by actor Katrina Kaif launched in partnership Nykaa has strengthened its retail presence by partnering with general trade beauty stores and modern trade across India.
The government plans to update the Kashmere Gate inter-state bus terminal to add an array of retail outlets and turn it into a shopping hub as part of the Delhi state government’s Grade-A Retail and Food Spaces Scheme.
E-commerce giant Flipkart will discontinue its ‘Smart Fulfilment’ seller service which enables sellers to have their own warehouses essentially verified by Flipkart. The business made the decision to cut costs.