Business News

Global apparel organizations return in India in style

  • 28/11/2022
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About half a dozen global apparel and lifestyle brands expanded anywhere between 30% and 70% to garner combined annual revenues of nearly $2 billion in FY22, reversing the performance from a year ago when Covid-induced curbs on mobility and business operations caused sales to shrink. Sales of Swedish fashion retailer H&M expanded 49% while rival Zara reported a 61% […]

Business News

Domestic air passenger traffic crossed 4 lakh mark on Saturday

  • 28/11/2022
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The Indian aviation industry has crossed the 4 lakh domestic air passengers a day mark on Saturday, which is the highest since April. Airlines carried 405,963 passengers, which amounted to about 95.48 per cent of pre-Covid-19 daily domestic air passenger traffic. Indian carriers flew 2,767 flights, or 88.29 per cent of the approved schedule. On […]

Business News

Something other than an internet based pet store

  • 28/11/2022
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Caring for a sick pet can be overwhelming—owners themselves suffer increased stress, anxiety and depression. The situation gets worse in case of an emergency. Thankfully, help is around in the form of Supertails, a first-of-its-kind platform that supports the ever-increasing pet parent community by providing trustworthy veterinary care and a one-stop solution for pet food […]

Business News

All abroad the biggest shopping day of the year express from US to India

  • 26/11/2022
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Samsung, Amazon, Uniqlo and Domino’s were among several companies looking to turn Black Friday, yesterday, into another big sale day in India. Electronic goods and smartphone makers, ecommerce platforms, grocery stores, fashion brands, restaurants and cafes, multiplexes, hotels and malls clambered aboard the Black Friday bandwagon. Many are extending the sale period over the weekend to the start of next […]

Business News

ARCs halt recovery of retail bad loans after RBI directive

  • 26/11/2022
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New Delhi: Asset reconstruction companies, or ARCs, have stalled the recovery process of retail non-performing loan accounts following a new Reserve Bank of India (RBI) directive on conducting a background check of defaulting borrowers by independent experts, industry insiders said. ARCs are awaiting clarity on the new guidelines issued by RBI last month, they added. In […]

Business News Investment

Samsung to put Rs 400 crore in Tamil Nadu unit

  • 26/11/2022
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Samsung plans to invest ₹400 crore to start manufacturing 5G and 4G radio equipment at its facility in Tamil Nadu, an official informed ET. Samsung is the latest global gear maker to come on board the government’s telecom equipment production-linked incentive (PLI) scheme and this will be its first such investment into telecom gear manufacturing in India, joining […]

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