With Apple’s popularity and its prospering consumers, sales of the iPhone 15 have been estimated to grow by 100 per cent in comparison to that of the iPhone 14 series on the first day, according to a media report on Saturday. The high demand is attributed to the ‘made-in-India’ tag for iPhone 15 and iPhone […]
The Society of Indian Automobile Manufacturers (SIAM) has revealed that August 2023 witnessed achievements in the Indian automotive industry, with the highest-ever year-on-year monthly sales for Passenger Vehicles and Three-wheelers. The announcement was made by SIAM during the release of the monthly sales data for August 2023. Highest-ever passenger vehicle sales reported. This growth reflects the resilience […]
Uniqlo, the largest clothing brand in Asia, has reported a 69 per cent increase in sales, with its Indian unit nearly tripling its net profit for the fiscal year ending in March 2023. According to their latest filing with the Registrar of Companies, the Japanese brand achieved a net profit of Rs 68.38 crore, with […]
Amid Raksha Bandhan 2023, the Confederation of All India Traders (CAIT), a national-level trade organisation on Monday has estimated that India will register a revenue of over Rs 10,000 crore. BC Bhartia, National President and Praveen Khandelwal, Secretary-General, CAIT said, “This year Rakhi business is expected to be around Rs 10,000 crore whereas last year […]
Wearable devices market in India saw a robust 53.3 per cent yearly growth in the first half of 2023, with shipping of 57.8 million units, according to data released by International Data Corporation (IDC). International Data Corporation (IDC) is a global market intelligence and advisory services provider. During the quarter of 2023, 32.8 million wearables […]
Amazon India announced that the 7th edition of Prime Day was the biggest-ever Prime Day event. Thousands of sellers, brands and bank partners came together this Prime Day to offer Prime members big savings of around Rs 300 crores. Prime members enjoyed the fastest deliveries this Prime Day with the highest number of same-day deliveries. […]
Bhavish Aggarwal, Founder and CEO of Ola Electric Mobility said that the company is in line for an initial public offering (IPO) sooner than he imagined. The Indian startup began selling electric scooters in late 2021 and has emerged as the leader in India’s electric-scooter market with a 38 per cent share. Ola, backed by […]
Apple is ramping up its efforts in India’s retail market to boost its revenue this year. The company aims to increase sales from the 200 or so franchisee-owned exclusive retail stores in India. To achieve this, Apple has introduced a global consumer promotion and student discount at its company-owned brick-and-mortar and online stores in India. […]
The Steel Authority of India Limited (SAIL) has achieved record-breaking performance in the first quarter of the current financial year 2023-24 – both in terms of production and sales. The production of hot metal, crude steel, and saleable steel of 5.037 million tonnes (MT), 4.667 MT, and 4.405 MT, respectively, marked the best-ever first-quarter results, […]
Sonalika Tractors reported its highest-ever quarter first overall sales of 40,700 tractors in financial year 2024. According to the company, the monsoon season has rapidly expanded its pace in major parts of the country, which is a healthy sign for farming and groundwater replenishment in India. Alongside this, various government subsidies and MSP support have […]
