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McDonald’s announces new store in Lucknow

TFW Bureau Aug 06, 2024 - 1 min read

American fast-food chain McDonald’s has announced the opening of its new outlet in Lucknow. The announcement was made on the brand’s social media page. The new outlet is located on the Rae Bareilly Road in Lucknow. The brand said in the post, “We are pleased to announce the opening of our newest McDonald’s restaurant in...

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Devyani International's Growth Momentum Continues as it adds 54 New Stores in Q1 FY2025

Beny Sachdeva Aug 06, 2024 - 2 min read

Devyani International Limited (DIL), one of the largest Quick Service Restaurant (QSR) operators in India, has announced its financial results for the quarter ended June 30, 2024. DIL added 54 net new stores with an aim to reach the consumers in its under-penetrated markets and offering an enhanced customer experience and service. With this addition,...

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Steady growth for Tribhovandas Bhimji Zaveri, posts five-fold jump in FY25 Q1 profit

Parina Sood, TFW Bureau Aug 06, 2024 - 1 min read

Tribhovandas Bhimji Zaveri, the well-known jewellery brand has reported a nearly five-fold jump in first-quarter profit. The company confirmed the news to Franchise India, saying its consolidated net profit rose to 113.7 million Indian rupees ($1.38 million) for the quarter ended June 30, from 24.4 million rupees a year earlier. Demand for gold remained strong...

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Muscle & Strength India Expands Its Footprint in the Multi-Brand Supplement Market

TFW Bureau Aug 06, 2024 - 3 min read

After the success of its franchise business of multi brand supplement store, Muscle & Strength India, one of the country’s leading retailers of fitness supplements & nutritional products has entered exclusive distributorship of renowned international supplement brands in India such as JNX Sport, Ryse Supplements, DY Nutrition, Unmatched Supplements, Universal Nutrition, VMI Sports, DarkLabs, Hawk...

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Tanishq unveils two new showrooms

Parina Sood, TFW Bureau Aug 05, 2024 - 1 min read

Tanishq, the largest jewellery retail brand under the prestigious Tata umbrella, has announced the opening of its new stores in various parts of the country. The announcement was made in separate posts on social media. Tanishq has opened a new store each in Odisha and Rajasthan. In Odisha, the brand has opened its showroom in...

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Titan Q1 report: Sales rise 12%; profit drops 5.4% to Rs 715 crore in Apr-Jun

TFW Bureau Aug 05, 2024 - 2 min read

Leading jewellery retailer and watchmaker Titan reported a 5.42 per cent decline in its consolidated net profit to Rs 715 crore for the quarter ended on June 2024. The company posted a net profit of Rs 756 crore in the April-June quarter a year ago. However, its sales were up 12.64 per cent to Rs...

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Blinkit targeting 2,000 dark stores by 2026: CEO Albinder Dhindsa

TFW Bureau Aug 02, 2024 - 2 min read

Online food delivery majorZomato-controlled Blinkit achieved impressive financial performance in the first quarter of the fiscal year 2025, as per reports. Blinkit’s revenue increased significantly by 22% quarter-on-quarter, reaching Rs 942 crore. Furthermore, the Gross Order Value (GOV) experienced substantial growth, rising by 130% year-on-year and 22% quarter-on-quarter to Rs 4,923 crore. Zomato had...

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Mohit Dhanjal joins Metro Brands as COO

TFW Bureau Aug 02, 2024 - 1 min read

Metro Brands, India’s footwear retailer, announces the appointment of Mohit Dhanjal as chief operating officer (COO), effective on August 1, 2024. Dhanjal brings a wealth of retail experience and a proven track record of leading strategic growth in the sector. In his new role, Mohit Dhanjal will be responsible for driving operational excellence and process...

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Godfrey Phillips to go ahead with exit from retail business under 24Seven

TFW Bureau Aug 01, 2024 - 2 min read

Cigarette maker Godfrey Phillips India Ltd. recently said it is going ahead with plans to exit from the retail business operated under the ‘24Seven’ brand following the setting aside of an interim injunction on the move by a district court in the Capital. Earlier an injunction order was passed against hiving of the retail business...

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FirstCry Parent Brainbees Solutions Launches Rs 4,194 Crore IPO, Price Band Set at Rs 440-465 per Share

TFW Bureau Aug 01, 2024 - 2 min read

The initial share sale will open for public subscription on August 6 and close on August 8 and the bidding for the anchor portion will open for a day on August 5, the company announced. The public issue of Pune-based Brainbees Solutions consists of a fresh issue of equity shares valued at Rs 1,666 crore...

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