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Indian Retail sector faces stormy year ahead, with likely losses of $30 billion May 27, 2021 Concept of Economic slowdown showing with Indian currency notes, graphes and numbers.   -  Getty Images/iStockphoto Concept of Economic slowdown showing with Indian currency notes, graphes and numbers.   -  Getty Images/iStockphoto× Unplanned Covid-19 expenses, job losses, salary cuts and negative consumer sentiment hits hard The pandemic-hit $854-906 billion Indian retail sector, which exited FY21 at $780 billion, is likely to incur up to $30 billion in losses in FY22 as the second Covid-19 wav...

Home chefs find going tough amid pandemic May 24, 2021 With orders drying up, they find it hard to sustain their business It's not just restaurants that have seen a decline in business during the ongoing pandemic, even home chefs are finding it tough to stay afloat. Take the example of Supriya Phulwani, a 35-year-old home chef based in Mumbai, who has seen a sharp decline in party orders and orders from regular corporate clients. “Last year when the lockdown eased up I was getting several local orders that compensated for the lack of big corporate orders. Now my revenues have declined by ...

Why more restaurants are preferring to go digital, and away from third-party aggregators May 4, 2021 To save on commissions paid to food aggregators, a few branded and fine-dining restaurants have established in-house delivery platforms. This does help for the time being, but how feasible is this in the long fight against the pandemic? 0 CLAPS true The second wave of Covid-19 has had an harrowing impact on every citizen in the country. If not health wise, many people have had to suffer due to failing businesses or loss of livelihoods. The hospitality industry in particular has been a...

Mukesh Ambani, Asia's Richest Man, Rebuilds 261-Year-Old British Toystore Mukesh Ambani, Asia's Richest Man, Rebuilds 261-Year-Old British Toystore Hamleys, a British retail icon that hasn't made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani's Reliance Brands Ltd. Mukesh Ambani, 63, bought Hamleys in 2019 to strengthen his retail footprint. (File) A struggling 261-year-old U.K. toy-store chain is seeking a new lease of life in th...

A struggling 261-year-old U.K. toy-store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who’s looking to India where about a fifth of the world’s babies are born to fuel its revival. Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani’s Reliance Brands Ltd. Besides the main growth market, the company is also adding stores from Europe to South Africa ...