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Times of India

Economic Times

  • India's retail sector sees a shift from e-commerce to quick commerce, focusing on rapid delivery in under 30 minutes. Amazon, Flipkart, and Swiggy Instamart are expanding their offerings to include electronics and mobile phones. This sector faces intense competition, rising marketing costs, and logistical challenges but continues to attract significant investment despite sustainability concerns.
  • Reliance Industries transferred its entire 100% stake in Reliance Projects & Property Management Services to Reliance Retail.
  • The Indian ice cream market has surged four-fold in the past decade and is projected to achieve Rs 45,000 crore within three years. Factors such as rising disposable incomes, stability in ingredient prices, and government incentives have driven this growth. Consumers' preference for premium and health-oriented flavors is also contributing to the expanding market.
  • The court said “service charge is being arbitrarily collected and coercively enforced” while dismissing a batch of petitions filed by two restaurant associations challenging the Central Consumer Protection Authority’s guidelines.
  • Gatih Foods is set to invest Rs 10 crore to establish a new manufacturing unit near Delhi/NCR, operational within 18-20 months. The unit will replace their current facility in Western Uttar Pradesh. The company aims for Rs 56 crore revenue next fiscal year by expanding product categories and distribution.

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தினமணி

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