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Buying finished goods from manufacturers and then selling them to users is called retail business. The goods sold through a retail business have a higher cost in comparison to goods sold through a wholesale business. In India, retail business contributes 12% of the GDP and is the third-largest revenue generator
Isha Ambani, the Director of Reliance Retail Ventures Limited (RRVL), has disclosed that the organization intends to enter the luxury jewelry sector. Isha announced that the company is looking at expanding into the fashion jewelry and accessories segment as well as the luxury jewelry segment with a curated, design-led experience.
Rufus, a new conversational shopping assistant driven by generative artificial intelligence, has been introduced to the Indian market by the eCommerce retail giant Amazon. On the Amazon India mobile app, the assistant will initially be made accessible in beta mode to a restricted group of consumers. In the following weeks,
Wynk Music, an app that has been available for streaming music for ten years, is being shut down by the Indian telecom giant Airtel. In the next months, the company would reportedly shut down the app and integrate all of its staff into the Airtel ecosystem, as reported by a
đź“„Company Profiles
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Warren Buffett, one of the world's wealthiest individuals, makes his money and distributes his risk through Berkshire Hathaway, a holding company. The firm invests in a wide range of businesses. The most
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Edward Warren Buffett is the CEO and Chairperson of Berkshire Hathaway. He is a philanthropist, corporate tycoon, and American investor. He's among the world's most influential investors. He purchased his first share at age 11. And now is the 6th richest man in the world with
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Pavel Durov has always been a figure who stands out in the digital world, known for his strong belief in freedom and privacy. He’s someone who doesn’t back down easily, often finding himself in the spotlight for challenging authority. Durov’s life has been a journey full of
A new requirement that requires sellers on Flipkart to authenticate their goods and services tax identification number (GSTIN) via an OTP (one-time password) authentication procedure has left many vendors confused. According to sellers, Walmart-owned Flipkart may be attempting to obtain their private GST data while posing as a verification procedure
Zomato, the popular food delivery service, introduced a new feature called Zomato for Enterprise (ZFE) on August 28, to help corporate personnel with orders linked to their work. Zomato CEO Deepinder Goyal announced the tool, which would simplify the monitoring of company food expenses, in a post on X (previously
NeoGrowth, an online lender in India that specializes in MSMEs, has gone a long way toward empowering female business owners. More than INR 650 crore in loans were distributed to micro, small, and medium-sized enterprises (MSMEs) managed by women in the fiscal year 2024. The result shows a significant 34%
The 8th Empowered Programme Committee (EPC) meeting under the National Technical Textiles Mission was  held in Udyog Bhawan in New Delhi and it was headed by the Secretary of the Ministry of Textiles on 27 August 2024. Under the "Grant for Research & Entrepreneurship across Aspiring Innovators in Technical
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Motorola, once a pioneering force in the mobile phone industry, has experienced a significant decline in recent years. The company that introduced the world to the mobile phone has struggled to maintain its relevance and market share. In this article, we will explore the key reasons behind Motorola's