Recently released research report on India’s Frozen food market reveals that rapid urbanization, changing lifestyles, rising number of working women and increasing per capita disposable income would drive India frozen food market through 2021.
According to TechSci Research report, “India Frozen Food Market By Product Type, By Organized vs. Unorganized, Competition Forecast and Opportunities, 2011 – 2021”, India frozen food market is projected to grow at a CAGR of around 15%, during 2016-2021. “Frozen food market in India is growing due to convenience associated with frozen food products. Demand […]
Government of India have withdrawn the Legal Tender status of INR 500 and INR 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016. This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism […]
E-tailer giant Amazon is planning to set up a digital Wallet in India. The company, as a part of its initiatives to create an online payment business, would create the new digital Wallet system through acquisitions, a local newspaper reported quoting insider sources from the company. The plans were revealed at a time when Flipkart, […]
Newly released market research study shows that the online grocery market in India would develop at 55 percent through 2021. The report released by TechSci Research, a global market research and consulting company with offices in Canada, UK and India suggests that the easy availability of products and improved logistics will help the country achieve the […]
US retailer Walmart realigned its India operations to Emerging markets (EM) portfolio. This means that India would not be a part of its Asia region any more. The retailer has also announced that Enrique Ostal would take charge as the Executive vice-president and CEO of its operations in Latin America, India and Africa. This would be an added responsibility to Enrique […]
India’s biggest food startup and food delivery company, Zomato, reported that it has earned back the original investment in a few major markets – including India – and will hit profit by mid-2016. When it does as such, Zomato will be the first Indian e-business unicorn to become profitable, a critical point of reference in a business sector where Indian […]