Author name: eastindia_retail

Delhivery Prepares to Launch 2-Hour Delivery Service to Capitalize on Rapid Growth in Quick Commerce

Delhivery is gearing up to offer 2-hour delivery services as part of its strategy to tap into the rapidly growing quick commerce sector. The logistics powerhouse aims to establish a network of multi-tenant dark stores to enhance delivery speeds for eCommerce businesses, targeting 2-4 hour fulfillment times. This micro-fulfillment strategy is becoming more popular as …

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West Bengal Makes Major Strides in Global Investment: Key Meeting with Industry Leaders

West Bengal Makes Big Strides in Attracting Global Investment: A Major Meeting with Industry Leaders! Last Friday, Hon’ble Minister Babul Supriyo welcomed a distinguished group of executives from some of the world’s most prominent companies, including Grant Thornton Bharat LLP, Oracle, Amazon, Wipro, RSM, Cognizant, Capgemini, IBM, Northern Trust, Cargill, Kimberly-Clark, and Frauscher Sensor Technology …

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Finance Minister Nirmala Sitharaman Unveils Union Budget for FY25

Finance Minister Nirmala Sitharaman presented the Union Budget for FY25. The budget emphasizes employment, skills development, and support for MSMEs, while noting that inflation is stable and progressing towards the 4% target. Key highlights include: The standard deduction for salaried employees will increase to ₹75,000 from ₹50,000 under the new income tax regime for FY25. …

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Revolutionizing Retail: The Major Transformation of the Online Shopping Landscape

The future of online shopping is set for a major transformation. Now, the landscape has evolved dramatically. Several emerging trends are poised to revolutionize how we shop, sell, and engage with customers online. Here are the key trends expected to shape the industry in 2024: 📌  Social Commerce: Social media platforms like Instagram and Facebook …

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Unveiling Tata’s Misbu: A Strategic Blueprint for Dominating the Beauty Market

Tata’s Misbu: A Blueprint for Beauty Market Success Tata’s entry into the beauty sector with Misbu echoes its triumph with Zudio. The strategy involves applying its fast-fashion model to the cosmetics field. By utilizing its vast retail network and in-depth knowledge of Indian consumers, Tata aims to shake up the beauty market. Misbu’s appeal is …

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MapmyIndia Issues Legal Notice to Ola, Accusing Use of Data for Ola Maps Development

Map my India has issued an intellectual property legal notice to Bhavish Aggarwal‘s Ola, accusing the ride-hailing company of using its data to develop Ola Maps as reported by Forbes. Ola Maps serves as the in-house navigation and location service for Ola. Map My India is owned by CE Info Systems. The complaint alleges that …

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Kolkata Airport to Undergo ₹5,000-Crore Expansion, Marking a Major Transformation

Kolkata Airport is set to undergo a significant transformation with an Rs 5,000-crore expansion plan. The project will introduce a new integrated terminal for both domestic and international travellers, designed to handle 1.1 crore passengers annually. Construction will begin next August with the demolition of the old domestic terminal and air traffic services building. According …

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Removal of Angel Tax and Revision of Section 56 of the IT Act: A Major Boost for Domestic Companies and Investors

The proposed removal of the Angel tax, specifically the revision of Section 56 of the IT Act, represents a major advancement for domestic companies and investors. Initially introduced to prevent value manipulation among resident taxpayers, the tax was later extended to non-residents, raising significant concerns within the industry. Angel tax, as outlined in Section 56(2)(viib) …

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Fashion Brands Explore Quick Commerce with Blinkit

Imagine purchasing from your favourite fashion brands through a rapid delivery service like Blinkit. Many fashion brands are now exploring quick commerce options. Sidhant Keshwani, founder and CEO of Libas, revealed in an interview that they are poised to make a significant move by testing out Blinkit’s fast delivery platform. They plan to launch the …

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Luxury Brands Embrace Direct Consumer Engagement in India: Christian Dior, CHANEL, Gucci, and More Lead the Way

Luxury brands such as Christian Dior Couture, CHANEL, Gucci, Burberry, Versace, Louis Vuitton, HUGO BOSS are embodying the principle of engaging directly with their consumers where they reside. This strategy also reflects the concentrated nature of luxury consumption in India. Interestingly, the CEO of Bvlgari notes that only 40% of luxury consumption in India originates …

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