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Toyota Kirloskar net more than halvesToyota Kirloskar has seen its net profit for 2019-20 more than halve at ₹187.8 crore against ₹408 crore in FY19 even as the Indian passenge...- British retailer Tesco & Tata infuses fresh capital into JV, Trent HypermarketBritish retailer Tesco Plc is taking another shot at the Indian market with the Tatas, with both having invested Rs 67 crore each in their ...
- Why Sony and Panasonic are struggling to sell in IndiaIndustry watchers attribute it to their weakening brand pull among younger customers and premium pricing vis a vis Chinese rivals such as X...
- Carlsberg probing India operations for 'fraud'Carlsberg has launched an internal audit of all processes, and has reopened previously closed investigations.
- Haldiram sales cross $1 billionThe brand, split into three geographic entities with almost a dozen companies, posted a combined revenue of Rs 7,130 crore during FY19, acc...
- Tata Cliq turns direct seller, tooThe executives said this could be termed as an almost last ditch effort to spruce up the three-year-old ecommerce business since Tata Cliq ...
- Samsung to set up India’s 1st mobile display plantThe South Korean company is investing more than Rs 3,500 crore in this facility in Noida, as per a regulatory filing with the Registrar of ...
- Battered by competition, Intex plans to make products for Chinese firmsIt has found an innovative plan to deal with the scourge that all but wiped off India's mobile industry.
- Chinese invaders giving a tough competitive call to Indian TV playersAs per regulatory filings made by the company to Registrar of Companies (RoC) and accessed through business intelligence platform Veratech ...
- Haier makes a Rs 775 crore bet on Indian armThe infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from...
- Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure managementAs per Panasonic India’s latest regulatory filings with the Registrar of Companies (RoC) accessed through business intelligence platform Ve...
- Eureka Forbes to ‘purify’ foreign particles in booksThe country's largest water purifier and vacuum cleaner maker has undertaken an exercise to clean its books and restructure operations.
- Chinese cousins help reduce 71% of Moto sales“Motorola lost in the sales channel strategy,” said Counterpoint Technology Market Research associate director Tarun Pathak. “Realme gave a...
- Netflix revenue soars 700% on desi content, marketingThe Indian unit of Netflix Inc grew more than 700% during 2018-19, helped by expanding local content.
- Apple India slips as iPhone sales slowThe company's revenue from operation fell 19% to Rs 10,538.3 crore while profit plunged more than 70%.
- Tata CLiQ hasn't quite clicked in online retailTata CLiQ's revenue is only a fraction of that of rivals such as Walmart-owned Flipkart or Amazon.
- Burger King’s India sales up 66% in FY19The US chain that entered the Indian market in 2014 posted sales of Rs 644 crore in FY18-19 while its losses reduced to Rs 16 crore.
- H&M narrows gap with Zara on the back of new stores, low pricesThe Indian unit of the world’s second biggest clothing chain posted sales of Rs 1,237.7 crore last fiscal, compared to Rs 893 crore a year ...
- Fabindia net doubles on premium playIn FY18, it had posted a net profit of Rs 59.4 crore.
- PEs exit Micromax via buyback, valuation crashes 93% in 4 yearsPE players are selling 6.9% in the company for Rs 93.65 crore to the promoters, whose holding will increase to more than 85%, Micromax said...
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