Havmor Ice Cream, a subsidiary of the South Korean company LOTTE Confectionary, has committed to invest Rs 450 crores over 5 years. This investment comes four years after LOTTE Confectionery acquired Havmor Ice Cream for Rs 1000 crores in December 2017. Havmor Ice Cream is one of India’s fastest-growing ice cream brand with a strong […]
The Global Canned Seafood Market is estimated to grow at an 8 per cent CAGR and reach nearly USD 50 billion by 2028, according to Global Canned Seafood Market Report 2022. Canned fish is becoming more popular among both homes and commercial end users, because of greater health awareness, increased demand for processed and convenient […]
WOW Skin Science, a D2C and personal care business, has joined the Open Network for Digital Commerce (ONDC), a government project to democratise e-commerce in India, the firm stated in a press statement on Tuesday. WOW Skin Science co-founder Manish Chowdhary commented on the announcement, saying, “For a company that has been on an expansion […]
China announced 2022 GDP growth that is above forecasts, as December retail sales were significantly higher than expected. According to the National Bureau of Statistics, GDP grew by 3 per cent in 2022. This was more than the 2.8 per cent predicted in a Reuters survey. The GDP growth rate fell short of the stated […]
Smart Bazaar, Reliance Retail’s big format supermarket, has opened a shop in Gudur at PSR Mall. The store offers a one-stop shopping experience by bringing together a diverse selection of items under one roof, including groceries, fruits and vegetables, dairy, kitchenware, homeware, fashion, and consumer electronics. Smart Bazaar, which spans 15,000 square feet of retail […]
Spencer’s Retail launched its new format chain, ‘Spencer’s Value Market,’ on Monday, aimed at value-conscious shoppers. The company, which is part of the RP-Sanjiv Goenka Group, will launch new locations in six South Indian towns this month. The company operates over 185 locations that cater to the mid to luxury sectors. Spencer’s Value Market is […]
India’s overall export declined by 5.26 per cent to USD 61.82 Billion in December 2022, as per the data released by the Ministry of Commerce and Industry on Monday. The ministry’s data showed that overall imports in December 2022 stood at USD 73.80 billion, a negative growth of 1.95 per cent over the same period […]
Commerce and Industry Minister Piyush Goyal said on Monday that creating a comprehensive database of all startups in the country will benefit both the public and commercial sectors. According to him, the database would benefit the government in its purchase of products and services. Goyal noted that there must be a lot of businesses with […]
The Confederation of Indian Alcoholic Beverage Companies (CIABC) has written to the Delhi Government, requesting that restrictions in the upcoming excise policy for 2023-24 that purportedly discriminate against Indian-made goods and favour imports be removed. The CIABC proposed measures for inclusion in the upcoming excise policy for the next fiscal year. While the CIABC urged […]
Wholesale price-based inflation fell to 4.95 per cent yearly (YoY) in December 2022, primarily due to lower food and crude petroleum prices. In November 2022, WPI-based inflation was 5.85 per cent and 14.27 per cent was in December 2021. The month-over-month change in WPI for December was -1.12 per cent compared to November. In December […]
