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Showing posts from December, 2024

Flipkart sets sight on quick commerce ops expansion

The e-commerce giant was piloting its quick commerce service under the brand ‘Minutes’ in Bengaluru, Mumbai, and Delhi NCR Kolkata: Walmart-owned Flipkart said on Friday that it was aiming to expand its quick commerce operations, driven by rising consumer demand for faster deliveries. The e-commerce giant was piloting its quick commerce service under the brand ‘Minutes’ in Bengaluru, Mumbai, and Delhi NCR as it responds to growing competition from delivery platforms such as Blinkit, Swiggy Instamart, Zepto, and BigBasket. The quick commerce market size is expected to reach $40 billion by 2030, a jump from $6.1 billion in 2024, according to a report by Datum Intelligence. “Customer centricity is critical for us. In cities such as Kolkata, Delhi, Bangalore and Mumbai, customers are increasingly seeking faster deliveries. We are piloting this service, and already live in Bengaluru, Mumbai, and Delhi,” Flipkart’s Chief Corporate Affairs Officer Rajneesh Kumar told PTI. While Kumar di

Tanishq to establish De Beers equipment to increase consumer confidence in diamonds

These equipment are the SynthDetect XL Plus, engineered to test both mounted jewellery and loose stones for synthetics and DiamondProof  Mumbai: Tata Group’s jewellery retailer Tanishq on Friday said it will set up De Beers machines at its stores on a pilot basis to help customers validate the quality of diamonds. “We are planning to establish equipment by De Beers that will be something like a diamond clinic or a diamond lab, which will enable customers to be able to validate the quality of their diamonds, in a phased manner,” Ajoy Chawla, CEO, Jewellery Division, Titan Company told reporters. “These equipment are the SynthDetect XL Plus, engineered to test both mounted jewellery and loose stones for synthetics and DiamondProof – a consumer-friendly device designed to provide confidence and education in diamond verification at the retail counter,” he added. Chawla said the goal is to give consumer confidence and also to grow the diamond market. “Currently, gold has 100 per cent

Leading FMCG players hike soap prices by 7-8% as palm oil rates go up

Companies such as HUL and Tata Consumer have also increased tea prices recently due to a decline in production caused by erratic weather conditions. New Delhi: FMCG makers such as HUL and Wipro have hiked soap prices by around 7 -8% to offset the impact of a surge in palm oil prices, a key raw material for the product. Companies such as HUL and Tata Consumer have also increased tea prices recently due to a decline in production caused by erratic weather conditions. During the earning calls for the September quarter, several listed players hinted at a price increase in soaps in the current quarter to safeguard their margins, as they were facing a rise in the prices of commodity inputs such as palm oil, coffee and d cocoa. “The prices of palm oil derivatives, a key raw material in soap manufacturing, have risen significantly — 30% plus increase since the start of this year,” Wipro Consumer Care Chief Executive Neeraj Khatri told PTI. “In response, all major players in the industry

Omnichannel, Q commerce top priorities for Mia by Tanishq

The brand feels that q-commerce is here to stay and is in talks with expanding its quick commerce presence across the country   Mumbai: Omnichannel and quick-commerce are among the top priorities for Mia By Tanishq, a trendy jewellery brand from Titan Ltd., Sampurna Rakshit, Marketing & E-commerce Head, Titan Company Ltd., told IndiaRetailing. “For us, omni is a big priority. Quick commerce is a big priority along with giving the best brand representation online, which is not just a sales channel but also one of the biggest touch points for a consumer to experience a brand,” Rakshit spoke on the sidelines of Ekam Inclusivity Summit jointly organized by Retailers Association of India (RAI) and Trust for Retailers and Retail Associates of India (TRRAIN). Mia by Tanishq was launched in 2011 as a brand for working women featuring easy-to-wear, trendy designs. It retails out of 220 exclusive brand stores, over 400 Tanishq stores, its e-commerce website, leading marketplaces like Nyk

Butter & Co: Jewellery made for everyone

Launched in 2023, Butter & Co specialises in handmade jewellery made of sterling silver and freshwater pearls Butter & Co, a handmade jewellery brand launched in 2023 by Pia Taneja and Varun Kanwal, has quickly carved a niche in the market with its gender-neutral, timeless designs. Bootstrapped and driven by a passion for craftsmanship, the brand specialises in sterling silver pieces and real freshwater pearls. The company achieved a total sales figure of Rs 12 lakh in FY 2023-24. Looking ahead, the brand aims to elevate its presence by hosting a 3-day brand pop-up at the Indian Sneaker Festival and introducing innovative designs such as Butter Croissant and Jordan sneaker pendants. “We believe that jewellery is not just an accessory but a form of art that tells a story. Each piece has a story to tell, a memory to cherish and an emotion to express. Each piece at Butter & Co is here to make you feel like the most confident version of yourself,” said its founders. Levera