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Tata invests ₹1,500 crore more to charge up iPhone bizTata Group has infused ₹1,500 crore into Tata Electronics to scale up its iPhone manufacturing business, alongside plans for further invest...- Tata Electronics iPhone shipments ring in maximum gains from USThe sharp rise in Apple’s share in Tata Electronics’ revenue indicates the former had shifted iPhone production from China to India for the...
- Like royalty! It’s how Indian arms treat the parentsRoyalty payments from Indian subsidiaries of MNCs to their overseas parents have risen by nearly 42% over the past five years. An analyzed ...
- Amazon and Samara Capital pump more money into More Retail to expand grocery businessAmazon and Samara Capital are investing heavily in More Retail, infusing over Rs 387 crore last fiscal. The company aims to reduce losses b...
- Reliance Industries Invests Rs 4,330 cr in Retail Unit in FY24Reliance Industries invested Rs 4,330 crore into its flagship retail company, Reliance Retail, in the past fiscal year, a shift from previo...
- Reliance Retail's FMCG plans stay in fast lane with funds on tapRCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operat...
- Sales of Indian wearables & hearables brands have jumped over three times in last three fiscalsWearables and hearables are the only electronic categories in India dominated by home grown brands who together have 65-70% market share ev...
- Apple, Samsung and other electronic giants' imports fall in 5 years on local playThis indicates companies are increasing production and local sourcing in categories such as mobile phones, LED lights and televisions where...
- LG India's revenue crosses Rs 20,000 cr mark in FY23LG Electronics India, the country's largest home appliance manufacturer, achieved a revenue of ₹20,112 crore in FY23, marking a 17% year-on...
- Apple India FY23 revenue hits Rs 50,000-crore on strong premium playThis has been the fastest growth in net profit for Apple in India in over the last five years, which analysts attributed to higher share of...
- More Retail's FY23 loss widens to Rs 550 crore, revenue falls 7.4%More Retail loss rose to Rs 550 crore in 2022-23 from Rs 402 crore in the fiscal before. Revenue has declined 7.4% to Rs 4,507 crore. Reven...
- P&G India net profit down 18% in 2021-22 as input costs biteThe Cincinnati-based consumer goods maker reported sales of Rs 13,985 crore and net profit of Rs 1,334 crore across four Indian companies -...
- Uniqlo turns profitable in India in less than three years of operationsThe Japanese brand posted a net profit of ₹21.4 crore for 2021-22 compared to a loss of ₹36.1 crore in the previous year, according to busi...
- Tatas infuse ₹500 crore into Croma owner to expand opsA couple of months back, Tata Group's other ecommerce platform, Tata Cliq, exited the electronics category and has sold the inventory to In...
- Croma sales surge 53% to cross $1 billion in FY22, but net loss widensLast fiscal, Croma's same store growth was an "unprecedented" 33% and it launched a record number of 56 outlets. Ecommerce sales grew by 20...
- Covid gains: 3 sellers on Amazon log 38% increase in FY21 salesCloudtail's and Appario's revenue surged by over 46% to ₹16,639 crore and ₹14,628 crore respectively in FY21, while that of food and grocer...
- Appario Retail, Cloudtail India and More Retail sales cross 36,000 crore in 2020-21Cloudtail’s and Appario’s revenue surged by over 46% to Rs 16,639 crore and Rs 14,628 crore respectively in FY21, while that of food and gr...
- Croma sales rise five percent, losses narrow slightlyTwo industry executives attributed this to high demand for smartphones, laptops and appliances as the intermittent lockdowns continued till...
- Xiaomi India clocks lowest sales growth but swings to profitXiaomi India sales grew 7% over the year ago to Rs 38,196 crore in 2019-20 even as it clocked a profit of Rs 401 crore after sustaining Rs ...
- Samsung India on heels of Maruti Suzuki with net sales of Rs 75,461cr in FY20Samsung India’s consolidated net sales increased 7% in FY20 while its mobile phone business – which accounts for 70% of the Korean electron...
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