High demand, social media trends, and production decline increase millet prices. Raginflation at 16.6% in March. Jowar inflation at 10%. Millets gaining popularity in healthy snacks, sweets. Government initiatives and rising demand may affect output and prices.
Bestseller is closing its Indian ethnic wear brand Indifusion due to poor sales and shifting consumer trends. The company, known for western brands like Jack and Jones, bought Indifusion during the pandemic but struggled to understand and operate in the Indian wear market. The decline in traditional wear is part of a broader trend, with consumers increasingly choosing versatile, comfortable clothing for multiple occasions. Fusion wear, combining traditional and modern styles, is growing in popularity, driven by factors like the rise of the female workforce and fashion trends.
India Business News: Ace investor Ashish Kacholia has secured a 17.2% stake in Jumboking, becoming its second-largest shareholder. The investment, valued between Rs 70-80
Ace investor Ashish Kacholia has picked up a 17.2% stake in homegrown burger chain Jumboking for an undisclosed amount, becoming its second-biggest shareholder.
Ace investor Ashish Kacholia has picked up a 17.2% stake in homegrown burger chain Jumboking for an undisclosed amount, becoming its second-biggest shareholder.