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Since the onset of the pandemic, 30-35 million new customers have come online to shop in the country. Before the pandemic, there were around 100-110 million ecommerce buyers in India. This user base has jumped to 140 million and is on track to surpass the 150-million-mark in the ongoing financial year. ....
While the second Covid-19 wave hit online sales harder, the industry is expected to clock over 30% growth this year as well, Shyam Unnikrishnan, partner at Bain & Co, told ET. ....
China’s private equity deals surged in 2020 as country emerged from Covid-19 crisis, Bain survey finds Fund managers face an uphill battle to conclude more lucrative deals this year amid escalating competition, said the global consultancy Companies in the technology, media, telecoms and health care sectors with solid earnings and high growth potential were the primary targets, the study found ....
Production of polished diamonds in Surat declines by 25% in April SECTIONS Share Synopsis Production has taken a hit at a time when the trade is witnessing strong demand from the US and Chinese markets, diamantaires said. Getty Images Production of polished diamonds in Surat has declined by 25% in April compared with March due to rising Covid-19 infection among workers and exodus of migrant workers from the city in fear of the pandemic, industry insiders said. Production has taken a hit at a time when the trade is witnessing strong demand from the US and Chinese markets, diamantaires said. They are cutting down the import of rough diamonds as production has dwindled, which is likely to soften the prices of rough diamonds. India cuts and polishes 14 out of 15 diamonds in the world. ....