Business News

Plans to sell Coca-bottling Cola’s company are being revived by HCCB.

  • 14/01/2023
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Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, has revived plans of selling its business as a robust post-pandemic recovery boosts valuation again, executives directly aware of the development said. The operations could be either split among independent Indian bottlers or could go to a single Indian or an overseas company. The transaction involving asset sale […]

Business News

Vishal Bhola, MD of Whirlpool of India, resigns.

  • 14/01/2023
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Whirlpool of India on Friday said its Managing Director Vishal Bhola has resigned from the post. The company has appointed Narasimhan Eswar as Managing Director (MD) and Additional Director.Eswar joins Whirlpool of India from Ki Mobility Solutions, where he is currently holding the position of CEO and President, according to a regulatory filing.At its meeting held on Friday, the company’s board accepted the […]

Business News

In December, retail inflation softens to a 12-month low of 5.7%.

  • 13/01/2023
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Retail inflation moderated to a one-year low in December led by food prices, while industrial output growth rebounded to a 5-month high in November due to a base effect and robust expansion across sectors including manufacturing. Data released by the National Statistical Office (NSO) on Thursday showed inflation, as measured by the consumer price index, rose an annual 5. 7% in […]

Business News

Notices are sent to Amazon, Flipkart, and Snapdeal by the CCPA for allegedly selling toys without the BIS quality certification.

  • 13/01/2023
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Central Consumer Protection Authority (CCPA) on Thursday issued notices to Amazon, Flipkart and Snapdeal for alleged sale of toys without BIS quality mark, reported PTI. On Wednesday, the government had announced seizing 18,600 toys in the last one month from major retail stores, including those of Hamleys and Archies at airports and malls across the country, for lack of BIS quality mark. Since January 1, 2021, the government made […]

Business News

Arnault tightens the family’s hold on Louis Vuitton while his daughter becomes the next CEO of Dior.

  • 12/01/2023
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LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family’s grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis Vuitton […]

Business News E-commerce

The Flipkart marketplace division receives a $90 million capital injection.

  • 12/01/2023
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Flipkart Internet, the marketplace arm of Walmart-owned ecommerce firm Flipkart, has received a cash infusion of about $90 million (Rs 722 crore) from its Singapore-based parent entity, according to regulatory filings accessed through business intelligence platform Tofler. The fresh capital came from two Singapore-based entities – Flipkart Marketplace Pvt Ltd and Flipkart Pvt Ltd. A resolution to infuse […]

Business Expansion Business News

Metro AG outlets will serve both retail and wholesale customers.

  • 12/01/2023
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Reliance Retail, which recently acquired Metro AG’s India wholesale business, will turn the stores into destination retail outlets catering to both trade and consumers, said a senior industry executive aware of the plans. Metro sold only to business customers such as neighbourhood stores, hotels, restaurants, caterers and others with a business or goods and services tax […]

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