India

25 Apr

Coca-Cola reports 3 billion transactions in India in Q1

Priyanka BhowmickBUSINESS, IndiaBusiness, india

Buoyed by sales of 3 billion Coca-Cola products in a country of 1.4 billion in the March quarter, global CFO and president John Murphy said on Monday that the Indian economy is "resilient with a strong job market and robust consumption". The soft drink major said it increased availability by more than 3 lakh stores in India in the first quarter, driving an estimated 3 billion transactions at the affordable point. At the beginning of the summer, the company added 40,000 coolers, The Coca-Cola Company said in its global earnings statement. “During the first quarter, the company and its bottling…

24 Apr

Esri India starts ArcGIS business analyst

Priyanka BhowmickBusiness, IndiaBusiness, india

Esri India, a provider of location intelligence software and solutions, has announced the availability of ArcGIS Business Analyst, a location intelligence solution suite designed to help organizations make data-driven smart decisions. Some of the target markets for this solution are banking and financial services companies, manufacturing companies, retail chains, insurance, real estate companies, healthcare, hospitality, transportation, logistics, etc. All such companies have business data to which a location element is attached, and using ArcGIS Business Analyst they can realize the full value of their data in decisions and gain a competitive advantage. ArcGIS Business Analyst for India will include various…

24 Apr

Reliance Retail signs joint venture with Haryana firm for toy manufacturing

Priyanka BhowmickBusiness, IndiaBusiness, india

Reliance Retail announced on Sunday (April 23) that it has entered into a joint venture with a Haryana-based company for local production of toys to meet the growing demand. Reliance Retail currently owns the British toy brand Hamless and the homemade toy brand Rowan. The new venture will cater to both toy brands, sources said. Reliance Retail is playing a major role in the B2B toys segment, operating through Rowan. "We had a JV with Circle E retailer to produce toys for vertical integration for our toy retail business," Dinesh Taluja, CFO of Reliance Retail, said during an earnings call…

22 Apr

Reliance Jio Registers 13% Rise In March Quarter Profit

Priyanka BhowmickBusiness, BUSINESS, Indiaindia

Reliance Jio, the country's largest telecom operator, on Friday reported a 13 per cent increase in net profit for the fourth quarter ended March 2023, the company said in a regulatory filing. In the one-year-ago period, Reliance Jio posted a net profit of Rs 4,173 crore. Its income from operations rose nearly 12 percent to Rs 23,394 crore in the reported quarter from Rs 20,945 crore in the March 2022 quarter.For the year ended March 31, 2023, the company's net profit rose nearly 23 percent to Rs 18,207 crore from Rs 14,817 crore in 2021-22. Annual income from operations rose…

21 Apr

Mesa School raises INR 34 Cr startup leadership programme

Priyanka BhowmickBusiness, IndiaBusiness, india

In a funding round led by Mesa School of Business Elevation Capital, INR raised Rs 34 crore with the participation of angel investors like Kunal Shah, Vidit Atre, Abhiraj Bahl and others. The startup is looking to deploy incoming funding to develop a curriculum and deliver it to a founding cohort of 60 students in partnership with startup leaders and potential future employers. Ankit Agarwal and Varun Limaye founded the Mesa School of Business in 2023 startup leadership began offering a 12-month, full-time PG program. At the end of the program, startups claim that students will get opportunities for leadership…

21 Apr

Amazon to expand office supplies business after pandemic sales surge in Europe

Priyanka BhowmickBusiness, BUSINESS, IndiaBusiness, india

In Europe, the business first launched in Germany in 2016, followed by Britain in 2018 and Italy, Spain and France in 2018.Amazon's business clients in the region include Centrica, Siemens Gamesa and ABB, the company said, and it offers IT and healthcare equipment and school products. Amazon declined to say which countries it would target next. It's spending time for European companies to buy things like office chairs, desks, paper and printer ink in bulk, Gagnon said, with the goal of winning contracts to supply them. The business offers potentially higher margins than Amazon's core consumer business, as it's cheaper…

20 Apr

Lux appoints Rakul Preet Singh as brand ambassador

Priyanka BhowmickBusiness, IndiaEntertainment, india

Rakul Preet Singh is a popular actress and is also known for her glamorous photo shoots. This slim beauty is a fitness freak and often shares her workout videos as well. Apart from fitness, she maintains her glamor very well. This woman is now Lux's new brand ambassador.Apart from fitness, she maintains her beauty very well. This woman is now Lux's new brand ambassador. Sharing the new one with her fans via social media, Rakul wrote, "Finally here! I am pleased to present LUX's new exfoliating range, Himalayan Essence. It's developed with 100% natural Himalayan oil, and is addictively aromatic…

20 Apr

Malabar Gold & Diamonds gets Alia Bhatt as brand ambassador

Priyanka BhowmickBusiness, Indiaindia

Alia Bhatt becomes the brand ambassador of Malabar Gold and Diamonds, the world's sixth-largest jewellery retailer. The Bollywood star will bring a new global perspective to the brand as they establish their vision in new markets such as the UK, South Africa, Bangladesh, Egypt, Australia, Canada, Turkey and New Zealand, as well as strengthen their presence in existing markets. "Having witnessed their reception among the Indian and Indian sub-continental audiences, the huge success they have achieved abroad should be a source of great pride for us and I feel humbled to be a part of the Malabar family," Bhatt said.…

19 Apr

Netflix is shutting down its original DVD business

Priyanka BhowmickBUSINESS, IndiaEntertainment, india

Netflix Inc. is shutting down its DVD rental business, the company said in a blog post-Tuesday, ending the service that began nearly 25 years ago. The streaming service said the DVD business has shrunk and that it will not be able to provide quality services. The company will send the last disc on September 29.Netflix, which was established in the year 1997, launched a DVD rental service a year later and would ship them with a red envelope that customers could use to return the discs to the company.

19 Apr

Fire breaks out in buildings of business park in Thane’s Kapurbawadi

Priyanka Bhowmickaccident, Indiaindia

A major fire broke out at a commercial complex in Maharashtra's Thane city on Wednesday morning and was brought under control after 10 hours, officials said. Thane Municipal Corporation Regional Disaster Management Cell (RDMC) chief Avinash Sawant said at least 15 cars parked in the building were burnt and many offices were destroyed. He said that no casualty was reported. The fire broke out around 8.30 pm on Tuesday at the ground-plus-five-story Orion Business Park building, which houses around 90 shops and offices, including a private blood bank, and is located next to Cine Wonder Mall on Ghodbunder Road, officials…