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New Delhi: India's rural demand surged ahead of urban consumption in the April-June quarter of 2025, according to a new report by global research firm NielsenIQ. Buoyed by easing inflation and a favourable monsoon outlook, rural markets were instrumental in driving the packaged consumer goods (FMCG) sector's growth. The report highlighted that rural areas grew at twice the pace of cities, positioning themselves as the key drivers of volume expansion across categories. Smaller towns also contribu ...Read More >
IKEA India anticipates significant growth in the next three decades, driven by India's economic expansion and a burgeoning young consumer base. The company is expanding its omnichannel strategy with city stores and aims to increase local sourcing to 50% in five years. Swedish home décor and furniture giant IKEA expects India to deliver sustained growth over the next 30 years, buoyed by the country's strong economic trajectory, young population and expanding base of consumption-driven families. ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the re ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. Also Read | Fact Check: Did EC Overlook 50 'Sons' of a Single Man in Varanasi? Congress' Claim Is Misleading, Ram Jan ...Read More >
Thane, Aug 14 (PTI) A fire broke out at a cafe located in a multi-storey residential building in Maharashtra's Thane city early Thursday morning, following which 35 persons were evacuated from the structure, officials said. No casualty has been reported as of now, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said. The blaze erupted in the Parsik Cafe located on the ground floor of the six-storey building at Kharegaon in Kalwa (West), he said. The disaster managemen ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, "GenAI is poised to improve banking operations in India by up to 46 per cent". The report said AI is incr ...Read More >
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, GenAI is poised to improve banking operations in India by up to 46 per cent. The report said AI is increa ...Read More >
The outlook for air cargo over the coming months is uncertain, with a dynamic trade environment making it difficult to predict market developments. In a market update, freight forwarder DSV identified two key challenges for the air cargo market: The ending of the US de minimis exemption for China and increased ocean freight capacity via the Suez Canal. DSV explained that as a result of the ending of the de minimis exemption, e-commerce supply chains between China/Hong Kong and the US are shift ...Read More >
New Delhi: Over 17,500 complaints of fake, duplicate, and counterfeit products sold on e-commerce platforms have been recorded since 2022, with the highest -- 7,221 cases -- reported in the first half of 2025, the union consumer affairs ministry told Parliament on Wednesday. Responding to a question raised by Lok Sabha lawmaker Murari Lal Meena, union minister of state for consumer affairs B.L. Verma said calls to the National Consumer Helpline (NCH) rose more than tenfold -- from 12,553 in Dec ...Read More >
New Delhi: Over 17,500 complaints of fake, duplicate, and counterfeit products sold on e-commerce platforms have been recorded since 2022, with the highest -- 7,221 cases -- reported in the first half of 2025, the union consumer affairs ministry told Parliament on Wednesday. Responding to a question raised by Lok Sabha lawmaker Murari Lal Meena, union minister of state for consumer affairs B.L. Verma said calls to the National Consumer Helpline (NCH) rose more than tenfold -- from 12,553 in Dec ...Read More >
Mysore/Mysuru: The decades-old Registered Post service of the Postal Department is poised to enter the pages of history, with the Union Ministry of Communications -- the authority overseeing Telecommunications and Postal Services in India -- officially discontinuing the service effective Sept. 1. This decision marks the end of an era for a service that has been integral to secure postal communication for decades. The Ministry has announced that the Registered Post facility will now be merged wi ...Read More >
Gandhinagar (Gujarat) [India], August 4: Odoo Community Days 2025 is set to redefine how India runs its businesses. With 240+ exhibitors, over 80,000 registrations, and more than 20,000 attendees expected, this is where business meets real systems. Also Read | 'If You Are a True Indian...': Supreme Court Slams Rahul Gandhi for Insulting Indian Army During Bharat Jodo Yatra. This is not a trade fair or a conference. It is a working experience for founders, retailers, developers, students, consu ...Read More >
Gandhinagar (Gujarat) [India], August 4: Odoo Community Days 2025 is set to redefine how India runs its businesses. With 240+ exhibitors, over 80,000 registrations, and more than 20,000 attendees expected, this is where business meets real systems. This is not a trade fair or a conference. It is a working experience for founders, retailers, developers, students, consultants, and anyone who runs or supports a business. From manufacturers and retailers to healthcare and education, hundreds of In ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV's exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most susta ...Read More >
Hyderabad: Following complaints regarding the sale of expired products on e-commerce platforms, the Task Force of the Food Safety wing of Greater Hyderabad Municipal Corporation (GHMC) on Thursday conducted raids at various warehouses across the city. The team identified irregularities, assessing hygiene, waste management, and regulatory compliance. Expiry dates, storage conditions, and labelling were thoroughly checked. On Thursday, Food Safety officers conducted surprise inspections on retail ...Read More >
ED investigation revealed that OctaFX laundered funds by collecting investor money through mule accounts in the names of fake e-commerce firmsSource : PTI Forex trading platform OctaFX India on Friday settled with markets regulator Sebi a case related to alleged violation of trading norms on payment of Rs 32 lakh towards settlement amount. Besides, OctaFX India Pvt Ltd (now known as Taunga Pvt Ltd) will not be eligible to apply for any registration with Sebi for five years and will be debarred ...Read More >
AceVector, the parent company of Snapdeal, plans to launch an IPO. The company has submitted draft papers to Sebi. AceVector also operates Unicommerce and Stellar Brands. Unicommerce became a public company in 2024. AceVector has opted for confidential pre-filing. This allows flexibility in IPO plans. Several other companies have also chosen this route. The pre-filing route offers greater flexibility. AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft p ...Read More >
Exporters can now hand-carry jewellery in their bags which are meant for exports. The Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, has come up with a Jewellery Hand Carriage Facilitation Centre at Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA). Recognising the potential of hand carriage for boosting gem and jewellery exports -- especially from Mumbai, which typically accounts for nearly 65-70% of the country's exports -- GJEPC engag ...Read More >
MUMBAI: Reliance Industries, India's largest company in terms of market value, reported a 76% increase in quarterly profit to Rs 30,681 crore on Friday, led by gains from the sale of some of its listed investments and strong growth across its key businesses. Other income surged 280% to Rs 15,119 crore due to profit (Rs 8,924 crore) on sale of its stake in Asian Paints. Excluding the Rs 8,924 crore gain, profit was higher by 25%. Earnings was also driven by a rebound in its oil-to-chemicals (O2C) ...Read More >
Mumbai: In a move set to significantly enhance India's gem and jewellery export infrastructure, the Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with Mumbai Customs, inaugurated the Jewellery Hand Carriage Facilitation Centre at Terminal 2 of Chhatrapati Shivaji Maharaj International Airport on Wednesday.Recognising the strategic importance of enabling seamless hand carriage, GJEPC secured and equipped a dedicated space at the airport. With the premises now officially notif ...Read More >
Gadwal: The Assistant Director of the Handloom and Textile Department, Mr. Govindayya, has announced through a press release that applications are being invited from eligible handloom weavers in the district for enrollment in the Netannala Bharosa Scheme (Weavers' Assurance Scheme). Eligibility Criteria: Only handloom weavers who are actively engaged in their craft on a daily basis and have a Geo-tag Number are eligible. Applicants must be enrolled under the Thrift Fund Scheme (Pothupu Padhak ...Read More >
Hyderabad, July 18 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday urged his Andhra Pradesh counterpart, N. Chandrababu Naidu, not to obstruct Telangana's irrigation projects He appealed to the neighbouring state not to obstruct Telangana's crucial irrigation initiatives, including the Palamuru-Rangareddy Lift Irrigation Scheme, as well as the Dindi, Kalwakurthy, Bheema, Nettempadu, and Koilsagar projects. "We demand Andhra Pradesh not to block our projects. We seek cooper ...Read More >
MUMBAI: Reliance Retail has acquired home appliances brand Kelvinator for India from Sweden's Electrolux as it looks to expand market share in the consumer durables space, stepping up competition against global and local giants such as Samsung and Tata's Voltas in the market.Reliance Retail has already been holding manufacturing and distribution rights for the brand in India since 2019 through a licensing deal signed with its Swedish owner. The company did not disclose the financial specifics of ...Read More >
Thane Cyber Fraud Case: Surge is seen in the cyber fraud and the main targets among the common man is the senior citizen as they are easy to manipulate. A senior citizen couple from Thane's Badlapur area are the latest victim of digital arrest where they got looted for Rs, 2 cr, Police has registered a complaint of 68-year-old resident. Victim received a call from fraudster On April 24 posing as a sub-inspector from Colaba police station. He threatened the victim that his name is involved in mo ...Read More >
New Delhi, Jul 18 (PTI) The Congress accused the CBI on Friday of going soft in its probe against Pharmacy Council of India (PCI) Chairman Montu Patel in an alleged multi-crore-rupee scam. Addressing a press conference at the All India Congress Committee (AICC) headquarters here, Rajya Sabha MP and party spokesperson Shaktisinh Gohil alleged that the CBI did not present all the facts before the court that led to Patel getting interim protection from arrest. He said it took the Central Bureau o ...Read More >
New Delhi: Reliance Retail Ventures Ltd, Reliance Industries Ltd's retail arm, on Friday reported a consolidated profit of ₹3,271 crore for the April-June first quarter, up 28.3% from a year ago. Revenue from operations grew 11.3% year-on-year to ₹73,720 crore. Reported ebitda at ₹6,381 crore was up 12.7% year-on-year, while ebitda margin improved further by 20 bps year-on-year to 8.7%. Ebitda, a measure of core operations, stands for earnings before interest, taxes, depreciation, and amortizat ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain- ...Read More >
Indian e-commerce just got more inclusive. Flipkart, India's homegrown marketplace giant, has launched "Advertise Now, Pay Later"... India's entertainment giant is making major moves. Zee Entertainment, reaching 854 million viewers across 208 million households, has launched its groundbreaking 'Z' Whats Next initiative alongside two revolutionary hybrid channels that promise to reshape regional television landscape. The 'Z' Whats Next initiative marks more than just a brand refresh - it's a co ...Read More >
Indian e-commerce just got more inclusive. Flipkart, India's homegrown marketplace giant, has launched "Advertise Now, Pay Later"... India's home entertainment landscape just got a major upgrade. THOMSON, the iconic French consumer electronics brand, has launched its groundbreaking Mini QD LED TV series featuring India's first television with 2 in-built subwoofers - exclusively on Flipkart from July 17, 2025. The 65'' and 75'' Mini QD LED TVs aren't just bigger screens - they're complete enter ...Read More >
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