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India Retail Market to Reach $1.4 Trillion by 2027: Reliance Report

TFW Bureau Aug 10 2024 - 3 min read

The Indian retail market is one of the fastest growing markets in the world, expected to cross USD 1.4 trillion by 2027, said the latest annual report of Reliance Industries (RIL). RIL operates the country's leading retailing firm Reliance Retail.India is poised to become the third-largest retail market by 2030, the report ...

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Samsung Inaugurates Premium Experience Store in Vasant Kunj

TFW Bureau Aug 10 2024 - 2 min read

Samsung, India’s leading consumer electronics company, has inaugurated its new premium experience store at Ambience Mall in New Delhi’s Vasant Kunj. The store will be a one-stop solution for consumer needs around sales and customer service.It will also offer captivating consumer experiences, which includes Samsung SmartThings– a connected device ecosystem and immersive gaming Spanning a ...

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Gargi Jewellery by PN Gadgil plans to raise Rs 429.98 Mn for Expansion Plans

TFW Bureau Aug 09 2024 - 1 min read

Gargi Jewellery by P N Gadgil and Sons has announced a plan to raise approximately Rs 429.98 million through a preferential issue of equity shares. This decision, disclosed in a Bombay Stock Exchange (BSE) filing, will see the issuance of 747,800 equity shares at Rs 575 per share, including a premium of Rs 565 per ...

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Jockey India Licensee Reports Higher Q1 Profit Driven by Strong Athleisure Demand

TFW Bureau Aug 08 2024 - 1 min read

Page Industries which licenses Jockey and Speedo products in India, reported a rise in first-quarter profit on Thursday, buoyed by strong demand for athleisure products. The apparel maker reported a profit of 1.65 billion rupees (nearly $20 million) for the quarter ended June 30, compared with 1.58 billion rupees a year ago. The company previously ...

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Bata aims to open 13 new ‘Power’ stores by December end

TFW Bureau Aug 08 2024 - 2 min read

Leading shoemaker Bata would open 13 more stores of its athleisure brand ‘Power’, taking the total count to 15 by the end of 2024, says Managing Director and CEO Gunjan Shah. The company, which opened its second EBO (Exclusive Brand Outlet) in Delhi in the June quarter, has plans to add five more in the ...

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ABFRL loss after tax widens to Rs 214.92 crore in Q1

TFW Bureau Aug 07 2024 - 1 min read

The company had posted a consolidated net loss after tax of Rs 161.62 crore in the same quarter last fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Consolidated revenue from operations stood at Rs 3,427.82 crore in the first quarter as against Rs 3,196.06 crore in the year-ago period, the ...

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