India’s beauty and personal care market is expected to grow at a compounded annual growth rate of 10-11 per cent to reach $ 34 billion by 2028, Nykaa Beauty Trends Report said on Wednesday. The report estimates India’s beauty and personal care (BPC) market to be around $ 21 billion at present. According to the … Read more
Foxconn, a major global electronics contract manufacturer, has received offers from multiple states in India to establish large-scale industrial facilities. Telangana has proposed providing 2,000 acres for a ‘Foxconn City’, similar to the company’s existing sites in Taiwan and China, according to Duddilla Sridhar Babu, the state’s IT and industries minister. Additionally, sources told ET … Read more
Food safety regulator FSSAI on Monday withdrew its recent advisory wherein food businesses were directed to remove claims of ‘A1’ and ‘A2’ types of milk and milk products from packaging. The Food Safety and Standards Authority of India (FSSAI) said the advisory has been withdrawn to carry out further consultations with stakeholders. It would imply … Read more
Zomato in a bid to further strengthen it’s going-out segment has agreed to buy Paytm’s movie and event ticketing business. Deal is an all cash deal for Rs 2,048 cr Paytm has said that it had built it’s movie ticketing business from the ground up and acquired Insider and TicketNew for Rs 268 crore between … Read more
Godrej Consumer (GCPL) has announced that it will enter the pet care business in the country through Godrej Pet Care (GPCL), a subsidiary of the company. GCPL will invest Rs 500 crore in this business over a period of five years Godrej Agrovet (GAL) will be the manufacturing and R&D partner Manufacturing is expected to … Read more
Girding up to fight growth pressures globally, Unilever is doubling down on performance-led pay cheques for its directors across the globe after its shareholders flagged excessive pay amid fears of uncertain business environments and intense competition this year. The Anglo-Dutch consumer giant has implemented a new reward framework across markets including India with metrics more … Read more
Apple Inc is poised to report a 35 per cent year-on-year surge in its India revenue at nearly Rs 67,000 crore (a little over $8 billion) for 2023-24, according to people in the know. The official financial filing is anticipated to be submitted by September-October to the Registrar of Companies (RoC) by the Cupertino-based tech … Read more