The move could have a huge implication for the country’s restaurant sector Restaurants across India, such as McDonald’s and Pizza Hut, are currently levied 5% GST and they cannot claim ITC on the tax paid on expenses, including raw materials and rent.
Myntra will be rolling out new initiatives such as stylists on call, an embedded fitness tracker Myntra Move and hyperlocal services through its acquisition, Pretr.
Narvar’s CTO Ram Ravichandran said that several ecommerce companies in India are piloting projects using machine learning and AI that may enable them to cut losses by several means, including not offering COD to certain shoppers based on their shopping behaviour.
Discussions on a free trade agreement (FTA) with milk-producing countries such as New Zealand and Australia under the proposed Regional Comprehensive Economic Partnership (RCEP) may open up India’s sprawling dairy sector to foreign players from these countries.
The government has started scanning digital payments business of ecommerce giants Amazon & Flipkart. DPIIT has asked questions like the total percentage of sales that come from private labels & promotion details of their digital instruments.
Superbikes are available in mint condition for half the price of the new one, this Diwali. Several superbike owners do not keep their motorcycles for more than one or two years. Almost all major global brands now sell their international bestsellers in India.
The venture fund will focus on personal and home care categories in India, while in southeast Asia it may also invest in startups in the skin care category.
Top cos are reporting double-digit growth figures of 15-20%, with sales taking off during this festive season.
Some of Oyo's offline stores will sell wedding products while others will be experiential in nature to help customers simulate wedding scenarios.
Parle Agro, maker of soft drink Frooti, said it will spend over Rs 50 crore in the next three years to implement an end-to-end PET plastic waste management programme.
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