IN THE CROWDED market of beauty and colour cosmetics brands, direct-to-consumer startup Renee Cosmetics is expecting to double its revenue to ₹350-400 crore by the end of this fiscal. The startup's growth comes on the back of a 10-11% annual growth rate in India's $20-billion beauty and personal care market, which is the fastest in the world, as per a report by Redseer and Nykaa.
In FY24, Renee Cosmetics managed to double its revenue from operations to ₹191.7 crore in its fourth year of business, while losses widened 88% to ₹61.5 crore, mainly because of over ₹100 crore of advertising and promotional expenses.
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Trump comeback: Honda to go slow on new EVs
HONDA MOTOR WILL be cautious about starting production of new electric vehicles due to uncertainty about US President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.
Bid for 2036 Olympics takes pan-India route
● Bhubaneswar, Bhopal, Pune to join Ahmedabad
Flying taxis are on the horizon
Taking Commuting To New Heights
Pritish Nandy dies at 73
Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.
Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies
The government is reviewing the two requests, the people said.
AI Policy to Get a Shot in the Arm
India's AI policy is expected to receive a boost in the upcoming Budget, with potential announcements on AI centers and skilling initiatives. The plan aims to leverage AI's potential while mitigating job displacement concerns.
India seeks NRI participation in 'Viksit Bharat'
THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).
The plan is profitability first, followed by IPO
Unacademy, after significantly reducing its losses, is prioritizing profitability before considering an IPO. The company's focus is on its core business and scaling its Airlearn language learning app.
Oil pares gains on dollar strength
OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.
'Align AI and business goals for better results'
ENTERPRISES are increasingly recognizing the value of multi-cloud architectures and the ability to capitalize on the unique strengths of various cloud platforms to enhance their operational capabilities
