Bata India, a footwear manufacturer, is currently in advanced discussions with German sportswear company Adidas to establish a strategic partnership in India. This potential collaboration is expected to involve a revenue-sharing arrangement. Bata’s shares saw a 7.3% intraday increase on Thursday, ultimately closing at Rs 1,733.75 on the BSE, marking a 5.3% rise from the […]
Following a period of reduced consumer spending, retailers in sectors like clothing, fashion, electronics, and food & beverages have found cause for celebration with the commencement of Independence Day Sales on Friday. This event has elicited a positive response from customers, with over a dozen brick-and-mortar retailers, brands, and restaurants reporting an increase in sales […]
PVR INOX, a prominent multiplex chain, is heavily investing in upscale formats. As a component of this approach, they intend to incorporate 4-5 IMAX screens annually. Just recently, the company inaugurated the sole independent IMAX cinema in India at the renowned Priya Cinema in Delhi. 1
Global beverages and snacking giant PepsiCo has launched an innovating packaging for the first time in India for any comparable brand in the category. Other than the label and cap, the entire plastic bottle of the newly launched Pepsi® Black™ range is made out of recycled plastic making it rPET. The all new 500ml product, priced at […]
With 2022 nearing its end, brands are releasing their yearly reports to capture the mood and interests of Indians across various domains throughout the yard. In keeping with the same, Zomato on Wednesday shared its annual trends report that gave an interesting peek into the food habits of people, and also revealed the most ordered food item […]
E-commerce major Amazon will host Prime Day — its annual sale event — in India on July 15-16. The company will launch over 45,000 products from over 400 Indian and global brands. The announcement of the Prime Day event in India comes at a time when 900 workers at Amazon UK plan to strike for […]
India currently has the world’s largest population and one of the best working population to children and elderly ratio. The country’s dependency ratio will also be one of the lowest over the next two decades. On these demographics, Santanu Sengupta, Goldman Sachs Research’s India economist remarked, “So that really is the window for India to […]
In a major shift in its strategy, Chinese mobile device manufacturer Xiaomi is set to begin exporting ‘made in India’ phones to West Asian countries for the first time by the end of the September quarter, sources close to the company said. Xiaomi, the third-largest smartphone brand in India in terms of shipment volumes, after […]
Heavy rain crippled online deliveries in urban centres, including Delhi and the National Capital Region, swathes of which were flooded by the worst deluge in decades over the weekend. This cut off consumers who have come to depend on them for daily essentials, food and medicine over the past few years and especially since the […]
The luxury car market in India is poised for its best year ever, surpassing pre-covid-19 peak sales. The demand for high-end vehicles is primarily being driven by a growing salaried luxury consumer base, and new offerings.Mercedes Benz India, the largest luxury carmaker by market share, saw volumes grow 13% to 8,528 units in January-June 2023, […]
