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Inditex records surge in profit, sales

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The world’s biggest clothing retailer and owner of Zara, Inditex, has reported a 9 percent rise in nine-month profit and sales growth accelerated in recent weeks, despite warmer than usual autumn weather in many European countries. As its fashion peers ...

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LG Electronics revisits growth plans

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In order to spruce up business after a year of dismal growth and when white goods sales forecast to remain muted due to demonetization, LG Electronics India has repositioned its leadership team. The country’s largest maker of refrigerators and washing ...

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Amazon sells private levels via Cloudtail

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Amazon, which is the world’s largest online retailer, has launched two private fashion labels — menswear brand Symbol and an ethnic wear label for women, Its other private labels in India include Solimo in the kitchen category and Amazon-Basics, which ...

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FMCG takes a hit of demonetization

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In view of the good monsoon this season, FMCG players were expecting brisk sales in rural heartland of the country but the due to demonetization, has, however, been significantly impacted in the last few weeks. Since the rural economy is ...

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SoftBank expands ambit to London’s Mayfair

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In order to expand its operational ambit in the international arena, SoftBank Group has decided to place the headquarters of its $100-billion technology private equity group in the hedge fund heartland of London, and has begun hiring investment advisers. The ...

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Jio may extend free services beyond March

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In order to counter the aggressive foray and all out war by top three phone companies, Reliance Jio Infocomm could offer free services even beyond March 31 next year, say experts, adding that Reliance Jio may decide to extend freebies ...

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Flipkart cements position in smartphone market

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Riding high on the back of the high-selling models from Xiaomi and Motorola and taking away share from rivals Amazon and Snapdeal, Online retailer Flipkart strengthened its top position in the smartphone market. As of now, Flipkart had a 45% ...

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Apple hastens store opening drive

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In order to fast track the process of opening retail stores on Indian shores, empowered officials of Apple Inc recently met top brass of commerce ministry amid its plans to open stores in India without initially having to source components ...

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Amazon rides high on demonetization drive

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Cashing in on the ongoing demonetization drive across India, Amazon India is witnessing triple-digit growth in its sales as it has switched to various electronic payments platforms, said vice president and country manager Amit Agarwal, adding that the drive when ...

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Dell doubling counts of stat scientists

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In order to cater to its emerging requirements on the human resource front, Dell Technologies is looking to double the headcount of data scientists at its Performance Analytics Group (PAG), headquartered out of Bengaluru in the next one year. On ...

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