Top Stories

ENHANCING TRAVEL EXPERIENCE: ‘INDIA ASSIST’ EXPANDS ITS FRANCHISE MODEL TO J&K

TFW Bureau Apr 29, 2024 - 1 min read

As per reports, India Assist, the pioneer in real-time travel assistance services, has announced the expansion of its franchise model to Jammu and Kashmir, in a bid to enhance traveller experience. India Assist will collaborate with key travel agents across prominent areasto provide seamless and reliable travel assistance to explorers, tourists, and travellers. The franchise...

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FirstCry set to withdraw $500 mln IPO papers after regulatory scrutiny

TFW Bureau Apr 26, 2024 - 1 min read

Indian retailer FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next week, after India's markets regulator raised questions over key metrics it disclosed to investors, said three sources with direct knowledge of the issue. FirstCry, backed by SoftBank, TPG and India's Mahindra and Mahindra sells...

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Lenskart witnessed a remarkable surge in sales for FY23, exceeding a staggering 150%, bringing it closer to the INR 4,000 cr

TFW Bureau Apr 26, 2024 - 1 min read

Lenskart, led by Peyush Bansal, saw its sales approach the INR 4,000 crore milestone in the fiscal year ending March 31, 2023. The Delhi-NCR startup disclosed sales of INR 3,788 crore for FY23, marking a notable 152% surge from INR 1,502.7 crore in the preceding fiscal year. The company predominantly generated 95% of its revenue...

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Levi’s debuts its first store in Dhaka

Beny Sachdeva Apr 25, 2024 - 1 min read

Levi's®, the iconic denim lifestyle brand, proudly announces the grand opening of its inaugural store in Dhaka, Bangladesh. Nestled in the vibrant hub of Banani Road, this Levi's® outlet promises a premium brand experience and unparalleled shopping journey. With a curated selection tailored to local tastes, the store offers an array of products that resonate...

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Lenskart eyeing $5 billion valuation, in talks with Temasek, Fidelity for $200 million infusion

TFW Bureau Apr 25, 2024 - 1 min read

Singapore’s Temasek and US’ Fidelity are in discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, as per an official report. Temasek (which is already an existing investor in Lenskart) is expected to lead the investment round with $125-150 million as per reports, while...

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HairOriginals ties up with Naturals Salon to promote hair extensions in India

Beny Sachdeva Apr 24, 2024 - 1 min read

Hair business HairOriginals has partnered with salon chain Naturals Salon to harness its store network to reach shoppers across India. The brand will begin by retailing its human hair made hair extensions at six Naturals Salon locations. HairOriginals can already be purchased in locations including Hyderabad Airport and HRBR Layout in Bengaluru. The...

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Reid & Taylor opens at Ghatkopar, Mumbai

TFW Bureau Apr 24, 2024 - 1 min read

In a recent social media post by a top company official of Reid & Taylor, Mumbai-based textile manufacturer Reid & Taylor Apparel has opened its 2nd store at Vallabagh Lane, Ghatkopar, Mumbai. “Today we opened our 2nd store at Vallabagh Lane , Ghatkopar, Mumbai. Mr JD Barman, Director, Textiles Commitee, Ministry of Textiles graced the occasion,” said Subrata Siddhanta,...

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PayU gets RBI’s in-principle nod to operate as payment aggregator

TFW Bureau Apr 24, 2024 - 1 min read

Fintech firm PayU has received an in-principle approval from the Reserve Bank to operate as a payment aggregator, the company said on Wednesday. In January 2023, RBI had returned applications of Prosus Group firm PayU and asked it to resubmit them within 120 days. With in-principle approval in place, PayU can now onboard new...

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Liberty to expand its footprint, eyes tier II and III markets

TFW Bureau Apr 23, 2024 - 1 min read

Liberty is one of the world’s leading manufacturers of leather footwear and has a presence in more than 25 countries across the globe. Within India itself, Liberty has a footprint in 122 cities via 165 company-owned units and 250 franchise units. And now the brand aims to add 50 outlets year on year...

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Growing at 18%, Reliance Retail's revenue to surpass Rs 3 lakh crore in FY24

TFW Bureau Apr 23, 2024 - 1 min read

Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, on Monday reported a 17.8 per cent increase in its annual revenue at Rs 3.06 lakh crore in FY24. In the fourth quarter ended March this year, Reliance Retail's consolidated gross revenue stood at Rs 76,627 crore, up 10.62 per cent...

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