Bata India Ltd reported a 57 percent slump in consolidated net profit at Rs 38 crore ($5 million) for the fourth quarter ended March 2020, as against Rs 89 crore it had reported in the year-ago period.
Reliance Industries Ltd has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon's local unit and Walmart's Flipkart in the huge Indian market.
Reliance Industries’ e-commerce marketplace JioMart has augmented its services to tap into the grocery market during lockdown and has doubled its weekly credit limit for stores and increased WhatsApp orders.
Facebook's $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a pioneer in India's digital payments market but which has been losing ground to rivals with deeper pockets.
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for small businesses by capitalising upon WhatsApp's already extensive reach within India.
Keeping any business alive these days is no easy task, doubly so for a family business like Missoni. We caught up with Angela Missoni, creative director and daughter of the founder Rosita, for her take.
Masaba Gupta’s fashion and lifestyle brand, House of Masaba, has announced new measures and initiatives across its stores to prevent the spread of coronavirus as the label increases its home shopping services.
Fashion retailer Ogaan has encouraged shoppers to purchase from home via WhatsApp, as the multi-brand chain works to keep business going in the face of increased government restrictions due to the coronavirus.