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India's online shopping story isn't just growing -- it's being completely rewritten. A landmark report by Google and Deloitte, titled 'The $250 Billion Commerce Frontier', lays out exactly how India's e-commerce market will nearly triple from $90 billion today to $250 billion by 2030. The forces driving this shift are more structural than cyclical -- and businesses that don't adapt risk being left behind. India E-Commerce 2030: Key Numbers at a Glance Four Forces That Will Add $100 Billion to ...Read More >
MUMBAI: India's online shopping spree is about to go from impressive to unstoppable because when 150 million new digital shoppers join the party and Gen Z starts calling the shots, even the most ambitious targets start looking modest. According to the new Google and Deloitte report titled The $250 Billion Commerce Frontier, India's e-commerce market is projected to nearly triple from $90 billion today to $250 billion by 2030. This explosive growth will be driven by four key forces Inspired, Inte ...Read More >
Bengaluru, April 3: Nandita Sinha, the chief executive officer of Myntra, is set to resign in the coming weeks, marking a significant leadership shift within the Flipkart group. According to sources, the company has already initiated the process of identifying her successor as it prepares for key strategic developments, including its much-anticipated IPO later this year. Sinha, who has been associated with Flipkart since 2013, played a crucial role in scaling Myntra into India's leading fashion ...Read More >
Mumbai, Feb 24 (PTI) Up to 30 per cent of India's top-100 unlisted companies have the right business models and growth potential, making them candidates for listing on stock exchanges, a top official from Hurun India said on Tuesday. None of these companies identified in the 'JM Financial' - Hurun India Unlisted Gems 2026' have formally announced IPO plans yet. "I think some of them could (list). I think around 25-30 per cent has a potential to get listed, but they don't have IPO plans announc ...Read More >
Mumbai (Maharashtra) [India], November 17 (ANI): Reliance Retail Limited (RRL) has entered into an exclusive distribution partnership with cosnova Beauty, the Germany-based global cosmetics company, to bring 'essence', Europe's No. 1 cosmetics brand by units sold, to the Indian market. According to a joint statement on Monday, the collaboration strengthens RRL's growing beauty portfolio and will introduce essence's vibrant range of high-quality, affordable, and cruelty-free makeup products to c ...Read More >
Bollywood stars Janhvi Kapoor and Aryan Khan arrived in Jamnagar for Isha and Akash Ambani's grand birthday bash, joining celebs like Arjun Kapoor and Disha Patani. Bollywood stars are reaching Jamnagar, Gujarat to attend Isha Ambani and Akash Ambani's grand birthday celebration. While yesterday afternoon, videos of Disha Patani and Arjun Kapoor exiting the airport came out, several other stars have also landed in the city. Last night, Janhvi Kapoor was clicked leaving from Jamnagar airport alo ...Read More >
India's Diwali sales hit a record high of Rs 5.40 lakh crore in goods and Rs 65,000 crore in services. This represents a 25 percent increase over last year. GST reforms and strong consumer demand fueled this growth. Brick-and-mortar stores saw a significant revival. Rural and semi-urban areas contributed substantially to the sales surge. Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the cou ...Read More >
VMPL New Delhi [India], October 18: Diwali, the festival of lights, is not just about diyas and sweets -- it's about celebrating togetherness, love, and gratitude. Every year, we look for the perfect gift that reflects our emotions and strengthens our bonds with family and friends. While traditional sweets and dry fruits remain evergreen choices, unique and thoughtful gifts can make your loved ones feel extra special. From eco-friendly hampers to personalized keepsakes and modern tech surprises ...Read More >
New Delhi: Reliance Retail on Friday said GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices reporting 19% sales growth year-on-year in the second quarter of 2025-26. Reliance Industries' retail division, which operated 19,821 stores at the end of September, selling grocery, consumer electronics and apparel, posted net revenue of Rs 79,128 crore for the July-September period. Net profit increased 22% from a year earlier to Rs 3,457 crore, wh ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July- ...Read More >
French luxury retailer Galeries Lafayette is set to open its first Indian store in Mumbai. Aditya Birla Fashion and Retail announced the partnership. Plans are underway for a second store in Delhi. The company aims to open stores in at least four major Indian cities within three years. An online platform for Galeries Lafayette is also planned for India. Aditya Birla Fashion and Retail said on Wednesday that French luxury retailer Galeries Lafayette will open its first Indian flagship store in M ...Read More >
New Delhi, October 3 (MExN): Reliance Jewels has announced the launch of its new festive collection and the onboarding of Bollywood actor Raveena Tandon and her daughter Rasha Thadani as its first-ever brand ambassadors. The mother-daughter duo will represent the brand's new Diwali collection, which is designed to blend traditional motifs with contemporary designs, the company said in a statement. With Raveena Tandon and her daughter Rasha as the faces of this campaign, we connect with two gen ...Read More >
New Delhi, Oct 3 (PTI) Major companies across sectors, including automakers, consumer electronics, and consumer goods, have reported record sales during the nine-day auspicious Navratri period, according to data shared by leading firms. The robust sales were aided by the recent GST reform, which saw a substantial drop in tax rates, leading to price reductions across consumer goods, appliances, such as TVs (above 32-inch screen size), air conditioners and automobiles. The industry reported a sp ...Read More >
Reliance Consumer Products Limited has signed a significant agreement. The agreement is worth Rs 40,000 crore with the Food Processing Industries Ministry. The aim is to establish integrated food manufacturing facilities across India. RCPL will invest over Rs 1,500 crore in Maharashtra and Andhra Pradesh. The company aims to become India's largest FMCG company. Reliance Consumer Products Ltd (RCPL) on Thursday signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to es ...Read More >
New Delhi, Aug 29 (PTI) India's largest retailer Reliance Retail is confident of delivering a 20 per cent CAGR over the next three years and is looking to scale its FMCG business by over eightfold in the next five years to Rs 1 lakh crore, besides investing invest Rs 40,000 crore to create Asia's largest food parks. Reliance, which now eyes global expansion of FMCG business "will invest Rs 40,000 crore (USD 4.7 billion) to create Asia's largest integrated food parks with AI-driven automation, r ...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 >
Mumbai, July 19 (SocialNews.XYZ) Amid the ongoing verbal spat between Maharashtra Navnirman Sena (MNS) chief Raj Thackeray and BJP MP Nishikant Dubey over the Hindi language debate in Maharashtra, Union Minister and Republican Party of India (Athawale) president Ramdas Athawale on Saturday has called for restraint, urging all parties to maintain peace and avoid statements that could disrupt Mumbai's communal harmony. Responding to the exchange of inflammatory remarks, Athawale said, "Such state ...Read More >
New Delhi, July 19: ICICI Bank's consolidates net profit stood at Rs 13,557.60 crore in the first quarter of financial year 2026 (Q1 FY26), surging 15 per cent year-on-year (YoY), the private lender informed exchanges on Saturday. The bank posted Rs 11,695.84 crore profit in corresponding quarter a year ago (Q1 FY25). Sequentially, the private bank's consolidated profit was up marginally (Rs 55 crore) as it reported Rs 13,502.22 crore profit in Q4 FY25. The private sector lender saw a decline o ...Read More >
Mumbai: Reliance Retail announced acquisition of home appliances maker Kelvinator to strengthen its position, in India's fast-growing consumer durables sector. "This acquisition is a testament to Reliance Retail's unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers, nationwide," company said. Kelvinator, a century old American company, pioneered electric refrigeration for home use globally. In India, it ach ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax ...Read More >
Mumbai, July 18: Reliance Industries on Friday reported a strong 78 per cent year-on-year (YoY) jump in its consolidated net profit for the first quarter (Q1) of FY26, reaching Rs 26,994 crore. The company's revenue from operations also rose 5.3 per cent to Rs 2,48,660 crore compared to Rs 2,36,217 crore in the same quarter previous year, according to its stock exchange filing. The company's operating performance also improved significantly. Its earnings before interest, taxes, depreciation and ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, an ...Read More >
New Delhi: Reliance Retail on Friday announced the acquisition of consumer durables brand Kelvinator in a bid to accelerate its growth in the rapidly expanding premium home appliances market across India.The company, however, did not disclose the financial details of the transaction. The acquisition is poised to significantly amplify the company's leadership in India's fast-growing consumer durables sector, Reliance Retail said in a statement. "The acquisition of Kelvinator marks a pivotal mome ...Read More >
JAMMU, July 18: Reliance Retail today announced a landmark acquisition of Kelvinator, a strategic move poised to significantly amplify its leadership in India's fast-growing consumer durables sector. This acquisition is a testament to Reliance Retail's unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers, nationwide. Speaking on the occasion, Isha M Ambani, executive director, Reliance Retail Ventures Limit ...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 >
NEW DELHI: India's smartphone and electronics industry has raised serious concerns over what it describes as informal but targeted trade restrictions imposed by China. The India Cellular and Electronics Association (ICEA), in a letter to the government, sought swift policy measures to address these unofficial restrictions, which could derail the country's $32 billion export-driven manufacturing ambitions. As per the ICEA letter, India's electronics manufacturing sector remains heavily reliant o ...Read More >
Mumbai (Maharashtra) [India], July 18 (ANI): Reliance Industries Limited on Friday reported its April-June quarter gross Revenue increased by 6.0 per cent year on year to Rs 273,252 crore. Coming to Jio Platforms, a subsidiary, the revenue increased by 18.8 per cent due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital services. Also Read | PM Narendra Modi Slams TMC for Shielding Illegal Infiltrators in West Bengal, Vows Co ...Read More >
New Delhi, Jul 18 (PTI) Delhi Art, Culture and Tourism Minister Kapil Mishra on Friday visited the Prime Ministers Museum and Library (PMML) at Teen Murti Marg, with singer and music director Himesh Reshammiya accompanying him. The museum, which showcases the lives and contributions of India's former prime ministers, features 14 high-tech galleries equipped with interactive and immersive exhibits, including a 6D helicopter ride, virtual photo booths, a handwriting robot, a time machine and a ki ...Read More >
Mumbai: Reliance Industries Ltd, India's most valuable company, beat estimates to post a sharp growth in revenue and profit for the April-June quarter, on the back of better earnings from telecommunications and retail even as weakness persisted in its crude-based businesses. A significant one-time gain from its divestment from Asian Paints also padded up the bottomline. Commissioning of manufacturing plants in Reliance's new energy business -- on which hinges its growth over the next decade -- ...Read More >
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