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Economy

Indian economy to grow at 6.3% in FY24: World Bank

PTI -
According to a World Bank report released on Tuesday, India continues to show resilience against the backdrop of a challenging global environment New Delhi: The Indian economy is projected to grow at 6.3 per cent in the current financial year...
Economy

Twitter closes offices in Delhi, Mumbai; staff asked to work from home

PTI -
The closure of the two offices in key locations comes as the platform has initiated a massive cost cutting drive globally New Delhi: Amid layoffs and a severe cost-cutting, Twitter has closed offices in Delhi and Mumbai and asked staff to...
Economy

Union Budget 2023: Infrastructure and ease of doing business

Sanya Arora -
The capital expenditure will hike by 33% to Rs 10 lakh crore for infrastructure development for 2023-24 and will be at 3.3 per cent of the GDP. PAN will be used as a common business identifier New Delhi: Finance Minister...
Big Grid

Union Budget 2023: MSMEs to be benefited from the new budget

Bhavishya Bir -
Revamped credit guarantee schemes for MSMEs will enable additional collateral-free credit of Rs 2 lakh crore to them while the cost of credit will be reduced by 1% New Delhi: Finance minister Nirmala Sitharama, in her budget 2023 speech on...
Economy

Colgate-Palmolive Q3 net profit dips 4 pc to Rs 243 crore

PTI -
The company's net profit for the third quarter of 2022 declined by 4 percent compared to the net profit of Rs 252 crore in the previous fiscal New Delhi: Colgate-Palmolive (India) on Tuesday said its net profit declined by 4...
Big Grid

India Inc may pay 9.8% salary hike in 2023; retailers 9%: Korn Ferry

PTI -
A survey that covered 818 organisations with more than 800,000 incumbents noted that salaries are set to increase by 9.8 percent in India in 2023 New Delhi: India Inc is likely to see an average salary increment of 9.8 percent...
Big Grid

Is the e-commerce industry ready for the crypto revolution?

Indiaretailing Bureau -
There are several factors to consider when evaluating the readiness of the e-commerce industry for the adoption of cryptocurrencies By Prayag Singh The e-commerce industry has come a long way since the early days of the internet, and it has continued...
Big Grid

FMCG industry hopes to recover lost volume, margins in 2023; to shrug off shrinkflation

Krishna kushwaha -
The surge in raw material costs following the war in Ukraine pushed several FMCG companies to adopt  shrinkflation to ensure there is no impact on the fragile recovery in demand New Delhi: Shrinkflation or reducing the size or quantity of a...
Economy

RAI retail business survey indicates spike in jewellery and footwear sales; could be attributed to wedding season

Krishna kushwaha -
The eastern and western parts of India witnessed a growth of 17% in November 2022, while north and south India saw a 13% growth, the Retail Business Survey by the Retailers Association of India revealed Mumbai: The 34th edition of...
Economy

The New Shop launches a programme to help front-end employees become store owner

Krishna kushwaha -
Through the ‘Employee to Entrepreneur’ initiative, New Shop aims to create entrepreneurial opportunities for its store managers to help them become store owners New Delhi: The New Shop, an omnichannel convenience commerce company, has announced the winners of its ‘Employee to...
Analysis

Inflation for FMCG segment cooling down, volume from rural markets going to improve, says ITC CMD

Krishna kushwaha -
ITC Chairman Sanjiv Puri said volume growth from rural markets is going to be better as the inflationary pressure on the FMCG calms down New Delhi: Inflationary pressure on the FMCG segment is "cooling off a little" and volume growth...

Latest News

Food & BeverageSandeep Kumar -

The Indian QSR Spread

An overview of the quick service restaurants segment in India The Quick Service Restaurant (QSR) market in India is...
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