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Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job

Honasa Consumer, the parent of beauty and personal care brand Mamaearth, said its hair care brand, BBlunt, has achieved an annual revenue run rate (ARR) of Rs 100 crore and grown over four times since the company acquired it in 2022. ARR is the projection of a company’s annual revenue based on its current performance. The achievement was driven by data-based innovation strategy and product development process, integrating insights from stylists, consumer interactions and salon testing, the company said in a news release Tuesday.

global coffee prices are rising, India’s coffee industry has an opportunity to innovate and diversify its offerings, says Vinay Nair, General Manager, India & Emerging International, Costa Coffee. Despite the ongoing price fluctuations, the enthusiasm for coffee, especially among younger generations, ensures that demand remains robust, he says. In an interaction with ET Digital, Nair recognises the need to address climate change. He says the company is involved in sustainable farming practices and responsible sourcing, which helps it support biodiversity and enhance the livelihood of coffee-growing communities. Edited excerpts: The Economic Times (ET): With coffee prices going up globally, how do you think this will impact the coffee industry in India? Vinay Nair (VN): Rising global coffee prices present both challenges and opportunities for the industry. India's coffee industry is thriving and is highly respected worldwide, but we do not have control over global pricing dynamics. However, we have observed that despite the fluctuations, the growing enthusiasm for coffee, especially among younger generations, ensures that demand remains robust. At Costa Coffee, this shift provides an exciting opportunity for us to innovate and diversify our offerings. We are enhancing our partnerships with local farmers and focusing on cost-effective, environmentally friendly sourcing methods.

Indian regulators and policymakers have amplified their call for banks to become innovative in raising deposits. This low-cost source of funds is trailing the pace of bank lending, and if credit-deposit gaps persist, lenders would either need to rely more on costlier sources or go slow on credit, which could drag the growth of our economy back. Over the weekend, finance minister Nirmala Sitharaman exhorted banks to pre-empt such a scenario.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Stablecoins come in various formats. Many of the most popular stablecoins are backed by the United States dollar and offer a decentralized method of holding fiat currency. However, there are also stablecoins backed by other cryptocurrencies, algorithms, and even gold. Gold-backed stablecoins have seen quite an uptick, with prominent projects like Tether getting involved.

On July 31st, 2024, Tokyo became the epicenter of crypto innovation as it hosted PlasmaCon, an event that brought together luminaries from the world of blockchain technology. Organized by INTMAX, the one-day conference centered around Plasma tech, exploring its potential as a scaling solution for Ethereum and delving into topics like privacy, statelessness, and the future of blockchain.

Guwahati: Giving a boost to health sector, an MoU was signed between the Srimanta Sankaradeva University of Health Sciences under the Department of Medical Education and Research, and Novo Nordisk Foundation, a Danish philanthropic organisation. The MoU will cover several components like, improving Nursing Education in the state including setting up of an Education Innovation Unit, Simulation Lab etc in Regional Nursing College, improving institutional capacity in the nursing sector and knowledge exchange programmes with National and International institutes for Health and Nursing professionals. As a part of the MoU, a financial a support of Rs 6 crore will be provided initially. Moreover, the understanding will be looking at scaling up the partnership in due course.

Russell Investments is strengthening its profile in the alts space as it welcomes a veteran executive from Goldman Sachs into its leadership.

major domestic appliances saw an 18 per cent value-based growth in the first half of 2024, helped by a strong demand for essential household items, according to a report from GfK. The growth in MDA (major domestic appliances) market was led by Key categories such as air-conditioners and refrigerators, which reported a growth of 30 per cent and 7 per cent, respectively. «This growth is 3X of growth in 2023 over the previous year,» said the report from GfK, which is now an NIQ Company, a leading global market and consumer intelligence firm. The small domestic appliances market recorded a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, according to the report.

home ministry with state governments for extending invitation to the 'At Home' function at Raj Bhavans on Independence Day. Those whose names were mentioned during Prime Minister Narendra Modi's "Mann ki Baat" radio broadcast, "Swacchagrahi" or foot soldiers who have played a key role in cleanliness drives and women sarpanches (village heads) are also part of the list shared by the Union Ministry of Home Affairs to be invited for the function. Every governor and lieutenant governor hosts the respective chief minister, ministers, top civil, police officers, prominent citizens with high tea at their official residence — Raj Bhavan or Raj Niwas — in the evenings of every Independence Day and Republic Day. The event is called 'At Home'. In a communication to chief secretaries of all states, the home ministry said the 'At Home' function should be commenced after 6 pm.

Hy-Vee, Inc., a retail grocery company headquartered in west Des Moines, Iowa, has relocated to a new office location spread over 54,000 sqft in Bengaluru, further enhancing its footprint in India. Hy-Vee's move to a new space is part of its plan to leverage India's talent pool for a wide range of technical and non-technical roles, allowing the company to work on projects on a 24/7 basis. The new facility, situated in Karle Tech Park on the Outer Ring Road, under a 10-year lease, aims to drive innovation and enhance operational efficiency. «We are excited to see the HST Global team's growth over the last year and a half and look forward to this new space supporting them as they continue to help move Hy-Vee forward as a retail leader,” said Travis Hoover, Chief Data Officer at HyVee.

To date, Maruti Suzuki’s startup arm has evaluated over 3,000 startups, engaged with 88, explored multiple technologies, and onboarded 21 startups as business partners through commercial engagements. The initiative remains focused on fostering open innovation with startups worldwide, both domestic and international, to co-create an ecosystem where Maruti Suzuki can leverage deep tech and the latest technologies from across the globe.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Collective intelligence is becoming a catchphrase meant to capture the essence of the knowledge economy, where multitudes of people collaborate on difficult challenges, with each bringing something different to the table. The result is continuous experimentation and innovation, leading to great discoveries. And with the proliferation of artificial intelligence, the participants in this process may not even be human.

Siemens and Honeywell. The consumer division, which generates a third of sales, makes all manner of devices that can connect with 5G. It has begun releasing fancy smartphones again, but also makes watches, televisions and the systems that control many Chinese electric vehicles (evs).

REA Group, owner of Housing.com, PropTiger.com, and Makaan.com, reported a 31% rise in its revenue from India in the financial year ended June 2024, down from 46% a year ago. The company has reported 103 million AUD (Rs 563 crore) in FY 24 against $79 million for the Australian FY23 ended June and $54 million in FY 22. «Our new products and innovations, both for customers and home seekers, have gained great popularity among the target groups and boosted sales, contributing to a 30% revenue growth,” said Dhruv Agarwala, CEO, Housing.com & PropTiger.com.

Axis Commercial Real Estate Fund, a strategic partnership between Axis Asset Management Co and global real estate developer, owner, and operator Tishman Speyer, has acquired a 1.5-acre land parcel at Fintech City in Chennai’s Nandambakkam. The fund has acquired the land parcel through a bid cum e-auction process conducted by the Tamil Nadu Industrial Development Corporation (TIDCO). The Tamil Nadu government, through TIDCO, has envisioned Fintech City as a world-class infrastructure hub for the financial technology industry in Chennai. “Chennai investment is the epitome of the fund strategy; wherein a clear titled land parcel supported by single window clearance for approvals at city centric location has been acquired in a transparent manner by the fund. The fund is completely aligned and will seek to benefit from TIDCO’s vision and strategy of the Fintech City,” said Chetan Shah, Head – Real Estate, Axis AMC.

Narendra Modi made headlines on Sunday as he held an umbrella for farmers during a heavy downpour while interacting with them at the India Agricultural Research Institute in New Delhi. Despite officials suggesting the event be cancelled due to the rain, the Prime Minister insisted on continuing, even offering to hold umbrellas for the farmers as they conversed. During the event, PM Modi released 109 high-yielding, climate-resilient, and biofortified crop varieties, marking a significant milestone in the country's agricultural innovation. He emphasised the growing adoption of natural farming among farmers, highlighting their conscious efforts to reduce pesticide use and their responsibility towards environmental sustainability.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Indian real estate sector is witnessing a transformation driven by the integration of advanced technologies, particularly artificial intelligence-based project monitoring systems. The technology-supported innovative solutions ensure that projects, regardless of the developer's size, are monitored to meet institutional investor standards, opening new financing avenues for mid-sized developers. “Technology is playing a pivotal role in reshaping capital allocation in the Indian real estate sector. By reducing risks, enhancing transparency, and improving operational efficiency, these advancements are not only opening up new opportunities for mid-sized developers but also contributing to a healthier, more sustainable industry,” Dosti Realty chairman and managing director Deepak Goradia said.