The slowdown in sales growth for large quick-service restaurants, lifestyle, apparel, and discretionary products in India has been observed in the March quarter and in April. This slowdown is attributed to higher inflation, moderation in pent-up demand, and tighter financial conditions. While retail sales grew in strong double digits consistently over the past year, it slowed to 6% in both March and April – the slowest sales expansion in over 14 months, according to Retailers Association of India (RAI).
Vishal Mega Mart promoter to sell 10% stake worth Rs 5,057 crore via block deal: Report
Vishal Mega Mart’s promoter, Samayat Services LLP, plans to sell 10% equity via block deals worth ₹5,057 crore at a 12% discount. Despite this, shares