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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

India’s digital economy to cross $1 trillion by 2030: Bessemer Report

A Bessemer Venture Partners report projects India's digital consumer market to exceed $1 trillion within a decade, driven by widespread smartphone adoption and affordable data. This growth is fueled by a "triple engine" of commerce, content, and consumer discernment. The rise of mobile-first behavior and digital platforms empowers niche brands and reshapes consumer trends, particularly among the post-2001 generation. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/indias-digital-economy-projected-to-exceed-1-trillion-by-2030-bessemer-report-highlights-mobile-first-trends/122080517

CCI approves acquisition of certain issued and paid-up equity share capital of Haldiram

The Competition Commission of India (CCI) has approved Alpha Wave Ventures II LP and Alpha Wave IHC CI, LP's acquisition of equity in Haldiram Snacks Food Private Limited. This follows Haldiram's confirmation on March 31st of selling stake to IHC and Alpha Wave Global. The announcement came after Temasek, a Singapore-based investment firm, acquired a minority stake. 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/cci-approves-haldirams-acquisition-by-alpha-wave-and-ihc/122058886

Adani Group to invest $15-20 bn across businesses over next 5 yrs: Gautam Adani

​Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/adani-group-announces-15-20-billion-investment-amid-controversies/122043027

Malabar Gold opens 400th store; eyes Rs 78,000 cr revenue this fiscal

Malabar Gold & Diamonds has inaugurated its 400th showroom in Noida, Uttar Pradesh, signaling a major step in its expansion strategy. The company, with a current turnover of Rs 63,000 crore, aims to increase revenue to Rs 78,000 crore by opening 60 new stores by March 2026. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/malabar-gold-diamonds-celebrates-400th-store-opening-targets-rs-78000-crore-revenue/122038441

Godawat Consumer considering selective price cuts amid easing input costs: CEO Salloni Ghodawat

With input costs of many food items showing signs of stability in the recent months, the Fast-Moving Consumer Goods (FMCG) Godawat Consumer Limited is exploring selective price revisions, aligning with a broader trend in the sector to recalibrate pricing while enhancing product value. 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/godawat-consumer-plans-selective-price-cuts-amid-stabilizing-input-costs-says-ceo-salloni-ghodawat/122015074

Blue-collar gig hiring rises 92% in 2024 driven by last-mile logistics platforms: Report

Gig and freelance job opportunities in India’s blue-collar sector rose by 92% year-on-year, driven by e-commerce and delivery services, according to WorkIndia. Cities like Delhi and Kolkata saw over 100% growth in delivery job postings. Applications also surged 63%, with the highest rise among graduates, reflecting growing gig economy appeal. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/blue-collar-gig-hiring-rises-92-in-2024-driven-by-last-mile-logistics-platforms-report/121996072

Vanguard group buys 1.1 pc stake in Vishal Mega Mart for Rs 655 cr

Vanguard Group acquired a 1.1 per cent stake in Vishal Mega Mart for Rs 655 crore. Vishal Mega Mart shares then experienced a rise. Samayat Services LLP divested a significant stake in the company earlier. Hill Fort Capital sold shares in Westlife Foodworld. HDFC Mutual Fund purchased shares in Westlife Foodworld. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/vanguard-group-buys-1-1-pc-stake-in-vishal-mega-mart-for-rs-655-cr/121985924

MakeMyTrip raises $3.1 billion to cut Chinese firm Trip’s holding

With this, Trip.com’s stake in MakeMyTrip has fallen to 19.99% from 45.34%, with two directors, down from five. This comes a month after MakeMyTrip faced allegations of endangering the travel data of Indian army personnel due to its Chinese shareholding. 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/makemytrip-raises-3-1-billion-to-cut-chinese-firm-trips-holding/121985884

Myntra expands 30-min delivery service to Delhi-NCR and Mumbai

Myntra has broadened its express delivery service, M-Now, to include Delhi-NCR and Mumbai, building on its initial success in Bengaluru. This expansion brings over 90,000 SKUs from 600+ brands to these metro areas, supported by a network of over 40 dark stores. 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/myntra-launches-30-minute-express-delivery-in-delhi-ncr-and-mumbai/121967883

Reliance & Havells enter PE party to snap up Whirlpool

Whirlpool Corp is divesting a 31% stake in its Indian arm, attracting interest from Reliance Retail, Havells India, and buyout funds like EQT and Bain Capital. This move is part of a global restructuring following a $1.5 billion loss, with the aim to raise $550-600 million. 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/reliance-and-havells-vie-for-whirlpool-of-india-amidst-buyout-buzz/121965607