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West Midlands Cycle Hire comes to Birmingham

Hire bikes now available throughout the city centre.



  • Cycling
  • Transport
  • Transport for West Midlands
  • West Midlands Combined Authority
  • West Midlands Cycle Hire

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Harrying time for Kidder

Andy Munro starts Blues' (pre) season off in style.





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Refurbishment completed on St Boniface Church, Quinton

£250,000 upgrade gives back community centre to Quinton.





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Sumer is icumen in

Ex Cathedra's Summer Music by Candlelight concerts underway this weekend.





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Shreyas Srinivasan, Paytm CPO and founder of Insider.in, bids farewell to the unicorn; shares heartfelt message

Shreyas Srinivasan, Paytm's Chief Product Officer, has announced his departure from the company after more than ten years. His exit comes after Paytm sold its ticketing platform, Insider.in, to Zomato. Srinivasan played a key role in Insider.in's growth, from its inception to its merger with Paytm.




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B2C commerce startup Wheelocity raises $15 million from Lightspeed, others

The new funding will support Wheelocity’s plans to expand operations across 20,000 towns and villages in southern India over the next year, aiming to reach a user base of 10 million.




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After e-commerce, it's time for gCommerce: Nazara, ONDC launch new in-game shopping platform

Nazara Technologies and ONDC partnered to launch gCommerce. The platform will integrate e-commerce within games. It will provide Indian game developers with new revenue options. gCommerce will connect players to sellers on the ONDC network. Players can shop without leaving the game. The platform will roll out for developers by Q1, FY26.




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FSSAI steps up scrutiny on quick commerce companies over product shelf life

India's food safety regulator directed e-commerce and quick commerce companies to follow shelf life guidelines for packaged food deliveries. The regulator emphasized a minimum remaining shelf life of 30% or 45 days upon delivery. This action follows complaints about companies not disclosing expiry dates. The regulator stressed the importance of clear expiry dates and adherence to labeling regulations.




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Trump says he will nominate Kristi Noem for homeland security secretary




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India’s consumer spending on goods to grow 7 pc in next 5 years

The sheer scale of sales opportunity in the Indian market has also provided “in-market, for-market” justifications for investments in manufacturing in the country, according to a latest forecast by S&P Global Market Intelligence.




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Noel joins board of Tata Sons; first Tata family member since 2011 to serve on both boards at once

Noel Tata, newly appointed chairman of Tata Trusts, has joined the board of Tata Sons as a nominee director. This marks the first time since 2011 that a Tata family member holds positions on both boards concurrently. Tata Trusts, with its 66% stake, is the largest shareholder in Tata Sons, the holding company of the Tata Group.




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FSSAI to hold CAC meet on Nov 7-8 to discuss food safety issues on e-commerce platforms

The Food Safety and Standards Authority of India (FSSAI) is convening a Central Advisory Committee (CAC) meeting on November 7-8. The meeting will address concerns regarding food safety on e-commerce platforms and strategize ways to enhance food product surveillance and testing across states.




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Odisha approves investment of Rs 3,353 crore in various sectors

The Food Processing sector continues to attract significant investment, with several projects from companies such as Bhuvaneshwari Foods and Beverages, Aban Beverages, and Geofast Consumer Products. These projects, located in Khurda, Baragarh, and Cuttack, will have a combined investment of Rs 1,542.04 crore and are expected to create over 1,358 jobs.




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India's consumer price inflation to rise further to 5.81% on skyrocketing food costs

India's consumer price inflation likely surged to a 14-month high in October, driven by soaring vegetable and edible oil prices. Economists predict inflation hit 5.81%, just below the central bank's 6% tolerance limit. A weak rupee and rising global commodity prices add to inflationary pressures, potentially delaying anticipated interest rate cuts.




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Premiumisation holds its ground amid inflation spike across Indian consumer market

Despite the persistent inflation and sluggish demand, several leading FMCG and retail brands are doubling down on their premiumization strategies, reshaping their approach to appeal to discerning customers.




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Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22

Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council meeting. Key agenda items include potential GST exemptions for certain insurance policies and rate reductions on various goods. The Council may also consider raising GST on luxury items like high-value shoes and watches.




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Paint Wars: Dulux shade card may be part of a merged palette

Akzo Nobel India has informed that its Dutch parent Akzo Nobel NV is conducting a strategic review of its portfolio to redeploy capital towards growing its core coatings businesses. The initial focus will be on its decorative paints business in South Asia and various strategic options will be explored ranging from partnerships or joint ventures through to mergers or divestments.




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Godrej Interio eyes 10% revenue from e-commerce by FY25

Godrej Interio aims for a 10 per cent contribution from e-commerce sales by fiscal-end. The company is accelerating digital transformation efforts, experiencing significant online sales growth and expanding reach across 17,200 pin codes. It introduces AI-based 'Visual Search' and an integrated dealer network to enhance customer experience and operational efficiency.




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Stove Kraft Q2 profit marginally up; total income rises to Rs 416.45 crore

Commenting on Q2 performance, Stove Kraft's managing director Rajendra Gandhi said, “With positive market momentum supporting us, we remain committed to driving volume and value growth in revenue and margins in the upcoming quarters." He further said that ​​the company's expansion of Pigeon outlets through the COCO and COFO model has been promising. During this quarter, the firm added 22 new stores, bringing our total to 213.




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Rising competition, price hikes & declining volumes? Amit Syngle on what Asian Paints will do going ahead

Asian Paints faced a challenging second quarter with muted demand due to uneven rainfall and a slowdown in metro cities. Despite price hikes, competitive intensity remains high. The company is cautiously optimistic about single-digit volume growth in the coming quarter while closely observing AkzoNobel's strategic review of its India business.




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Amul to enter Europe by end of this month: MD Jayen Mehta

Amul will launch its dairy products in Europe. The launch will start with Spain. The company will then expand to other European countries. Amul already launched its products in the US in March. The company aims to cater to the Indian diaspora and Asian population. Amul is a brand owned by 36 lakh farmers in India.




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Housing prices keeping consumers away from biscuits? Britannia's Berry flags a concern for FMCG sales

Britannia Industries reported a 10% drop in profit for the quarter ended September as surging housing costs and low income growth in urban areas led to a slowdown in demand for fast-moving consumer goods. While rural demand has been stable, urban demand has seen a significant downturn, mirroring global trends of consumer confidence returning but wages lagging behind inflation.




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India's retail inflation in October at 6.21%, breaches RBI tolerance band for first time since Aug 2023

India's retail inflation rose to 6.21 percent in October. This is a significant increase from September's 5.49 percent. Food prices are the main reason for this surge. This is the first time since August that inflation has gone beyond the Reserve Bank of India's 6 percent limit. The rise in onion prices is a major concern.




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Pernod Ricard emerges as largest Indian spirit maker with Rs 26,773 cr revenue in FY24

Pernod Ricard India Pvt Ltd (PRI) has reported an overall 6.9 per cent increase in its revenue from operations for FY24, and its profit rose 20.9 per cent to Rs 1,620.58 crore, according to the Registrar of Companies data accessed by business intelligence platform Tofler.




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Apple leads global tablet shipments in Q3 with 31.7% market share: IDC

Apple shipped 12.6 million tablets in the third quarter (Q3), with a modest growth of 1.4 per cent year-over-year in the quarter and garnering 31.7 per cent market share, as global tablet shipments grew 20.4 per cent to reach 39.6 million units.




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China's Haier Group plans JV with JSW Group envisaging Rs 1K cr investment

Chinese appliance giant Haier Group has submitted a proposal to the Indian government to form a joint venture with India's JSW Group. The proposed venture represents a significant investment of Rs 1,000 crore and requires government approval due to Haier's Chinese origins. This move comes after JSW's recent joint venture with Chinese automaker SAIC Motor.




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July-Sept wearables shipment down 30% as brands clear inventory

According to early estimates from Counterpoint, shipments in the wearables industry fell 30% on-year in the July-September quarter with nearly every top brand including Boat and Noise seeing sharp declines in numbers. However, shipments of premium smartwatches and audio products nearly doubled, pushing up the average selling price.




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Tata's Croma names Shibashish Roy as chief executive officer

Infiniti Retail, that operates popular electronics retailer Croma, is preparing for a leadership transition. Shibashish Roy, the current Deputy CEO, will step into the role of CEO on November 18, 2024, succeeding Avijit Mitra. Mitra, who has been instrumental in Croma's growth.




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India emerging as good opportunity market for Sony's gaming biz, says India MD

Sony India, experiencing substantial growth in its gaming sector due to the PlayStation 5's success, is now eyeing India as a key market. Despite anticipating moderated growth this fiscal year, the company remains committed to expanding its gaming presence, including software and peripherals. Sony India last week filed its annual returns to report over 50.1 per cent growth from its 'other business' segment at Rs 1,363.54 crore, which houses its gaming and B2B business.




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Government mulls 5% cut in electronics imports to boost domestic production from FY25: sources

Although stakeholder discussions are still going on, the 5% cut of the total import quota will be implemented from April 1 of the upcoming fiscal. This cut is based on the data provided by the Directorate General of Commercial Intelligence and Statistics.




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Consumer electronics firm Sault expects to double its volume in FY25 to 5 lakh units

Sault, a new consumer electronics company, is set to significantly increase its sales volume by FY25. Focusing on tier-2 towns, the brand plans to expand its reach within western India and eventually target southern markets. Sault will incorporate in-house manufacturing for certain products while continuing partnerships for others, aiming for nationwide expansion and exploring digital sales channels.




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Volume and value growth to converge in second half of Q2FY25: Pidilite

Pidilite Industries Ltd. managing director Bharat Puri expects volume and value growth to align in the second half of Q2 2024, with value growth potentially surpassing volume due to improved product mix. The company reported a 9.6% increase in volume and a 21% rise in net profit to Rs. 571 crores. Export sales were affected by geopolitical tensions and shipping delays.




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Pidilite invests Rs 5 crore in home improvement & maintenance platform Wify

Pidilite Industries has invested Rs 5 crore in Wify, a home improvement and maintenance services platform. This pre-series A funding round was led by Capria and Mount Judi Ventures, with participation from Blume Ventures. The investment aims to boost Wify's growth by enhancing its tech stack, expanding services, and strengthening its market position.




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India's home textiles industry to see 6-8 pc growth this fiscal

India's home textile industry is set to witness 6-8 per cent growth this fiscal, riding on resilient demand from the US and expansion in the domestic market, according to a report on Tuesday.




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Consumer sentiment relatively muted in Q2: Noel Tata, Trent chairman

Trent Limited, a Tata Group company, witnessed a 40% rise in net sales for the quarter ending in September. The retailer's revenue reached Rs 4036 crore, while net profit saw a 46% increase to Rs 423 crore. Despite the growth, consumer sentiment remained subdued. Trent opened 43 new stores during the quarter, expanding its presence to 184 cities.




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Home textiles to weave 6-8% growth after rebound from last fiscal year: CRISIL Ratings

Driven by strong demand from the US and growth in the domestic market, India's home textile industry is poised for a 6-8% growth this fiscal year. Despite economic concerns in the EU, the industry's credit profiles are expected to remain stable, supported by healthy cash accrual and moderate capital expenditure plans.




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Mankind may end up spinning out a winner in consumer brands unit

Mankind Pharma is spinning off its consumer brands business into a wholly-owned subsidiary, aiming to increase its revenue contribution. Similar moves by Sanofi, Cipla, and Zydus Lifesciences have yielded benefits. Mankind Pharma seeks to unlock investor value through focused marketing and potential stock market listings.




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Healthify raises $20 million in round led by Khosla Ventures, LeapFrog Investments

Claypond Capital, Manipal Group chairman Ranjan Pai’s family office, also participated in funding for the health and wellness startup, formerly known as Healthifyme. To date, the company has raised $125 million in primary equity.




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Estee Lauder names insider Stéphane de La Faverie as new CEO, WSJ reports

Estee Lauder plans to announce Stephane de La Faverie as the new CEO, succeeding Fabrizio Freda who is retiring next year. La Faverie, currently executive group president, will take over amid challenging market conditions in China. Jane Lauder will step down from her executive role at the end of the year.




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NARS Cosmetics eyes top 3 spot in India’s luxury beauty market, plans to double retail presence

Highlighting the brand’s expansion trajectory in terms of physical retail presence, Sanjay Sharma, Country Head of Shiseido India said that since launching with 15 touchpoints last year, NARS has already doubled its reach to 30 points in India and plans to double again in the next two years.




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Boldfit gets Rs 110 cr investment from Bessemer Venture Partners

The startup backed by cricketer KL Rahul will use the funds to enhance product innovation and expand its brand presence. The brand sells its products on ecommerce marketplaces, quick-commerce platforms and through its own D2C channel. It plans to open offline stores within the next 12 to 18 months.




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Elf Beauty lifts annual forecasts on resilient cosmetics demand, shares up

Net sales rose 40% to $301.1 million for the quarter ended Sept. 30, compared with analysts' average estimates of $285.8 million, as per data compiled by LSEG.




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Johnson & Johnson reaches $700 million talc settlement with US govt

Johnson & Johnson has agreed to pay a $700 million settlement to resolve a probe by 42 US states and Washington, DC. The inquiry examined the marketing of their baby powder and other talc-based products, which have faced allegations of causing cancer. The settlement addresses claims that Johnson & Johnson deceived consumers about the safety of its talc products.




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Homegrown toy startup Jammbo eyes a revenue of Rs 150 crore in FY25

Jammbo, founded in 2023, presently has about 50 products in its portfolio, focusing on ride-on battery toys such as electric cars and bikes. It aims to expand its portfolio to over 200 products by the end of the current fiscal year. The startup has set up its global presence by entering the UAE market. Further, it plans to expand to the U.S. and the U.K. markets this fiscal.




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FirstCry: Meet the man behind the baby products business that grew into a giant

Founded by Supam Maheshwari and his colleague from a previous business, Amitava Saha, FirstCry has been the darling of investors which include SoftBank, Tata Sons Chairman Emeritus Ratan Tata, Premji Invest, Mahindra & Mahindra and TPG Growth.




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Funding cycles come and go; great teams persist, compound value for shareholders: FirstCry’s Supam Maheshwari

We'll continue to invest in our brand, technology, products, and grow our offline online touchpoints. We are going to open around 350 stores over the next three years and grow our multi-channel competitive strengths. We will also enhance our in-house brands and their distribution through pharmacies and grocery stores. We also plan to invest in manufacturing, international markets and Globalbees, our brand aggregator platform,Supam Maheshwari, cofounder and CEO of FirstCry said.




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FirstCry shares tumble over 4% after GST department initiates investigation

Shares of FirstCry fell 4.5% after the GST department initiated an investigation at its Mumbai head office and Pune warehouse. The company assured normal operations, with no details on alleged violations.