BusinessNews

“India’s E-Commerce Sales Expected to Hit ₹1.2 Lakh Crore This Festive Season”

India’s e-commerce sales are projected to reach between ₹1 lakh crore and ₹1.2 lakh crore in gross merchandise value (GMV) this festive season, driven by strong pent-up demand and a trend towards premiumization, according to a report from Redseer Strategy Consultants. This represents a 20% year-on-year growth for the sector. Key categories like mobiles, electronics, and fashion are poised…
Read more
BusinessNews

Samsung Faces Labor Strife: Union Strike Disrupts Tamil Nadu Plant Operations

Samsung Electronics’ Indian unit has initiated legal action against a labor union leading a significant strike at its only home appliances plant in Tamil Nadu. The strike, which has now lasted for 11 days, has resulted in substantial disruptions to production activities at the facility located near Chennai. Legal Action On September 12, Samsung filed a lawsuit seeking a temporary injunction…
Read more