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Home  Business

Business

IKEA India FY20 loss widens to Rs 720 cr

IKEA India FY20 loss widens to Rs 720 cr

  • Now Hyderabadis can get cool cocktail kits at doorstep

    With bars and nightclubs shutting shop earlier than usual, tipplers are now turning to non-alcoholic mixes that are delivered right at their doorstep
  • FIDC seeks liquidity support for smaller NBFCs

    Writes to FM saying these SMEs face liquidity challenges
  • Steelcase plans ancillary furniture studio in Hyderabad

    The work-from-home concept has opened up new opportunities for furniture players
  • Cars set to get costlier in 2021

    In order to accommodate the rising commodity prices and input cost, major carmakers have announced a price hike in the range of 3-6 per cent
  • Hyderabad tops in housing launches

    While overall India launches saw 46% decline in 2020, Hyderabad saw 42% jump year-on-year
  • Sales contraction eases for manufacturing sector

    RBI data shows softer contraction of 4.3 per cent (Y-o-Y) in Q2 after shrinking 41.1% in Q1
  • Telangana sets aside 992 acres for MSMEs

    Vacant plots available at a click of a button on TSIIC website using GIS mapping
  • Ratnadeep opens its 100th store in India at Hyderabad

    Plans to add 50 new stores across Telangana, AP and Karnataka, creating more jobs
  • Made in India apps capture 40 pc market share of TikTok since ban

    Indian platforms have captured 40% market share of TikTok and Josh is leading the race owing to quality of content, extensive content library and being able to decode user preferences to deliver right content
  • Myntra sells 1.1 crore items to 32 lakh customers in 5 days

    Catering to more than 50 lakh orders, the fashion carnival witnessed 51 per cent increase in traffic over the previous winter edition
  • World’s 3rd largest cryptocurrency crashes after lawsuit

    According to CoinMarketCap, the XRP's value declined more than 42 per cent in the past 24 hours and was down more than 63 per cent from its 30-day high of $0.76
  • LogisticsNow gears up for vaccine distribution

    The logistics intelligence platform is in talks with manufacturers, cold chain providers and governments
  • Hyderabad woman behind Robocop development

    Harshitha Puvvala is one of the women pioneers making headway in the field and leading the way for many others to follow
  • Hyderabad’s Naveen wins Tata Crucible Quiz

    In the new online format, the country was divided into 12 clusters
  • India challenges Vodafone arbitration ruling in Singapore court

    Both Vodafone and Cairn had challenged the tax demands under bilateral investment protection treaties and initiated the arbitration.
  • Beating predictions, economy pulling out of Covid’s deep abyss: RBI

    The bulletin cited the pandemic-imposed retrenchment of Q1FY21 turned out to be much shallower in Q2 and the economy is reflating at a pace that beats most predictions.
  • Snapdeal clocks Rs 846.4 crore revenue in FY20

    "Consistent with Snapdeal's focus on growing the value segment, more than 85 per cent of Snapdeal's orders were shipped to customers living outside the top 10 cities in India," the online platform noted.
  • Ind-Ra revises FY21 GDP contraction to 7.8%

    Ind-Ra now expects third quarter to see contraction at 0.8 per cent and fourth quarter to print in 0.3 per cent growth as against the earlier expectation of positive numbers only in July-September 2021-22.
  • Volkswagen to hike Polo, Vento prices in India by up to 2.5% next month

    "Effective January 2021, Volkswagen India announces a price revision of up to 2.5 per cent across the Polo and Vento models in lieu to the rising input costs," a spokesperosn of Volkswagen Passenger Cars India said in a statement.
  • Credai hails TS govt decision to allow property registrations through old system

    The registrations were on hold to facilitate the transition to the new system (Dharani) enabling increased transparency by removing discretion and ensuring 100 per cent online advance slot booking
  • Larsen & Toubro prints 3D ground plus one building in India

    The company has 3D printed the building of 700 square feet built-up area at its Kanchipuram facility with an in-house developed concrete mix, using indigenously available regular construction materials.
  • Dru Gold sets up 15th store in Hyderabad

    Speaking on the occasion, Akhilesh Agarwal, founder and CEO, Dru Gold said, “We at Dru Gold understand how to unlock the value from jewellery and ornaments of gold and deploy cash to empower our customers to prosper in many ways.”
  • China begins anti-trust probe into e-commerce giant Alibaba

    In a brief note, the State Administration for Market Regulation said that it is investigating Alibaba over its "choosing one from two" policy.
  • SK Telecom joins AWS to launch 5G edge cloud service

    The business-targeted service, named SKT 5GX Edge, provides users ultra-low latency for data-intensive services by connecting to AWS Wavelength Zones installed in SK Telecom's telecommunications offices, making it unnecessary for traffic
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