India's One 97 Communications Ltd, the parent of fintech firm Paytm, on Friday reported a wider fourth-quarter loss due to higher expenses related to payment processing, marketing and employee benefits.
Chinese business giant Alibaba and its affiliated business Antfin sold their entire stake in e-commerce business Paytm Mall for Rs 42 crore which has led to a significant decrease in the business’ value.
The Apparel Export Promotion Council’s chairman Narendra Goenka has warned the government that the spiralling cotton prices could make it impossible for the country to achieve its apparel export targets.
Denim manufacturing business Vishal Fabrics reported a net profit of Rs 19.66 crore for the fourth quarter of the 2022 financial year and a 281.4% year-on-year rise in net profit for the entire 2022 fiscal.
Six months after a neighborhood fire scarred the center of Paris, destroying Benetton’s main French boutique, the Italian marque reopened its flagship this week, repainted in pink, expressing a newfound optimism.
FMCG major Godrej Consumer Products Ltd (GCPL) reported a net profit of Rs 363 crore ($49 million) for the fourth quarter ended March 2022, as against a net profit of Rs 366 crore it posted in the year-ago period.
Women’s footwearand accessories brand Monrow Shoes has raised an additional $1 million (Rs 7.5 crore) from LC Nueva Investment Partners, along with existing investors such as 9Unicorns , LetsVenture , and Vcats .
Streetwear brand No Grey Area has embraced high fashion with new launch AgniApaas as the brand famous for its tracksuits launches a line of androgynous layered looks with abstract prints inspired by climate change.
Kitex Garments witnessed a 434 percent surge in its net profit to Rs 44 crore ($5.7 million) for the fourth quarter ended March 2022, as against a net profit of Rs 8 crore it reported in the year-ago period.
Womenswear and accessories brand MoonRay traveled to Mumbai to launch its latest collection in the metro at a collaborative event with The Style Story as the young brand continues to expand its distribution base.