Franchise Business Opportunities In India

Voltas has received a show cause notice from Central GST authorities regarding an alleged shortfall of Rs 265.25 crore in tax payments. The notice, pertaining to financial years 2018-19 to 2020-21, concerns Universal Comfort Products Limited, which merged with Voltas in the 2020-21 financial year. Voltas is required to provide an explanation for the alleged short payment of GST. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/consumer-electronics/voltas-faces-rs-265-crore-gst-compliance-challenge-amid-tax-shortfall-allegations/122218260

Despite global luxury market slowdowns, the Middle East remains a bright spot, fueled by tourism and local wealth, with sales up 6% last year. Recent tensions between Israel and Iran caused temporary disruptions, but optimism persists. Luxury brands are expanding in the region, banking on its resilience and strategic importance as a travel hub, though caution among travelers has increased. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/luxury/middle-east-luxury-sales-surge-amid-global-economic-challenges/122197376

The Delhi High Court has put a hold on its previous order that directed Amazon to pay approximately Rs 340 crore in damages to Lifestyle Equities for infringing on the 'Beverly Hills Polo Club' trademark. This stay is contingent upon Amazon's compliance with the remaining directives issued by the single judge bench. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/delhi-high-court-stays-amazons-rs-340-crore-trademark-damages-order/122196176

Rapido will pilot its food delivery service, Ownly, in Bengaluru's Koramangala, HSR, and Sarjapur areas. Targeting 10 cities by next July, it aims to undercut Zomato and Swiggy on commissions. The company is collaborating with restaurants for data access and pricing strategies, prioritising sustainable growth and early learnings. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/rapido-eyeing-food-delivery-ops-pilot-in-bengaluru-by-next-week/122172785

Schneider Electric is intensifying its retail focus in India, capitalizing on the increasing demand for home automation and energy management solutions. The company is introducing new product lines and leveraging AI-driven technologies to cater to evolving consumer preferences for comfort, style, and energy efficiency. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/consumer-durables-and-information-technology/consumer-electronics/schneider-electrics-strategic-focus-on-home-tech-growth-in-india/122160507

The Singapore International Arbitration Centre (SIAC) has ruled in favor of Amazon in its dispute with Future Group, stating that Future's deal with Reliance Retail violated a prior agreement. The tribunal found Future Retail's resolution approving the sale of assets to Reliance breached contractual obligations. While Amazon sought ₹1,436 crore in damages, the tribunal awarded ₹23. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/amazon-wins-arbitration-against-future-group-over-reliance-deal/122151167

Amul has secured its position as India's leading food brand with a brand value of USD 4.1 billion, according to a Brand Finance report. Mother Dairy follows in second place with USD 1.15 billion, climbing from third position last year. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/amul-remains-indias-top-food-brand-with-4-1-billion-valuation-mother-dairy-second-report/122142298

Wakefit Innovations Ltd has filed papers with Sebi for an IPO, aiming to raise funds through a fresh issue of shares up to Rs 468.2 crore and an offer for sale of 5.84 crore equity shares. The company plans to use the proceeds for expansion, equipment purchase, lease payments, and marketing. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/home-and-decor/furniture-and-decor/wakefit-innovations-files-draft-papers-with-sebi-seeks-to-raise-rs-468-cr-via-fresh-issue/122113720

H&M is strategically holding its prices steady in the U.S. market, capitalizing on rivals like Zara and Shein raising theirs due to tariff pressures. This move aims to attract shoppers amidst economic turbulence and shifting consumer sentiment. By mitigating tariff impacts through diversified sourcing and nearshoring strategies, H&M seeks to improve profitability and gain market share. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/hm-seeks-to-lure-us-shoppers-as-fast-fashion-rivals-hike-prices-due-to-tariffs/122102469

The cooking oil industry is urging the government to mandate litre-based packaging for cooking oils, citing consumer confusion caused by varying grammage packs with similar appearances. The Solvent Extractors' Association (SEA) highlights that non-standardized packs like 800 grams or 870 grams mislead consumers and distort price comparisons. They argue litre-based packaging will promote fair trade practices and informed consumer choices. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/cooking-oil-companies-push-for-litre-based-packing/122080433