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Teleperformance aims continued double-digit growth in India, plans market expansion
Thehindubusinessline
·
1y ago
Medial
France-based business services company, Teleperformance, is expanding its operations in India to sustain its double-digit growth performance. With a current workforce of 90,000 in India, Teleperformance aims to increase it to 150,000 over the next three years. India is considered a major cornerstone for the company's present and future, serving as a Centre of Excellence for technology and IT solutions. Teleperformance plans to invest in digital practices and become a global hub for customer experience in areas like insurance, healthcare, and financial services. The company aims to increase its domestic market through cost-efficient models and expanding its sales teams.
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Onitsuka Tiger considering India as manufacturing hub for regional growth
Livemint
·
8m ago
Medial
Japanese footwear brand Onitsuka Tiger, a part of Asics Corporation, is considering India as a manufacturing hub to enhance its regional growth. With rising demand for premium footwear and apparel in India, establishing local manufacturing can significantly accelerate Onitsuka Tiger’s expansion. The brand reported double-digit growth in India and plans to add more stores. India's booming footwear market, expanding e-commerce, and strong local demand make it a strategic growth region for global footwear brands.
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This Swiss watchmaker's timing on India's luxury boom couldn't have been better
Livemint
·
6m ago
Medial
Swiss luxury watchmaker Rado aims for double-digit growth in India, which has become their largest market by value, even as luxury demand in China slows. Despite inflation affecting general consumption, affluent Indians are increasingly buying luxury items. The growth is driven by India's rising individual wealth and increased luxury imports, despite a strong Swiss franc and declining rupee. Rado's success in India highlights a broader luxury market expansion, with potential price drops via future trade agreements.
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Amid Apple’s record streak in India, iPhone sales in the country hit $10bn | Company Business News
Livemint
·
6m ago
Medial
Apple Inc. achieved an 11th consecutive record quarterly revenue in India, with iPhone sales estimated at $10 billion last year. Apple's growth in India has been propelled by rising iPhone demand and a higher average selling price compared to the market. The company is expanding its presence with four new stores and tapping into enterprise markets. Analysts forecast continued double-digit growth, supported by a potential mid-range iPhone 'SE' launch and other strategic moves.
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EQT-controlled Indium Software plans tuck-in acquisitions to sustain growth
VCCircle
·
1y ago
Medial
Indium Software, the IT services company under EQT Private Capital Asia, plans to achieve high double-digit growth through strategic acquisitions. The company aims to sustain this growth rate in their topline over the next few years. Indium Software, which recently became part of Hong Kong-based EQT's portfolio, intends to pursue tuck-in acquisitions as part of its expansion strategy.
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Dabur India expects mid-single digit revenue dip due to floods, inventory issues | Mint
Livemint
·
11m ago
Medial
- Dabur India is expected to report a mid-single-digit decline in consolidated revenue for the September quarter due to heavy rains and floods across parts of India. - Adverse weather conditions impacted out-of-home consumption and led to excess inventory in kirana stores. - Dabur India plans to correct distributor inventory in general trade channels, which were affected by disproportionate growth in quick commerce and modern trade. - The company's distributor inventory correction may lead to a temporary decline in top-line revenue. - However, the international business is expected to register double-digit constant currency growth in the top-line. - Investments in advertising and promotions continued during the quarter.
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French company Teleperformance eyes India expansion
Economic Times
·
1y ago
Medial
French BPM company Teleperformance plans to expand its operations in India, aiming to add 60,000 employees and open 40 new sites in the country over the next three years. The company sees India as a key player in the global outsourcing market, with its talent pool, service breadth, and scale advantages. Teleperformance, currently one of the top 5 BPM companies globally, serves over 210 clients and intends to deepen its capabilities in India, including investments in artificial intelligence and automation. The expansion is part of a consolidation trend in the industry.
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FMCG players see sluggish growth in general trade channel in December quarter, modern trade channel sees double-digit growth
Thehindubusinessline
·
1y ago
Medial
The general trade channel, also known as kirana stores, experienced slow volume growth in single digits in the FMCG sector during the December quarter. On the other hand, modern trade continued to see double-digit growth rates. FMCG companies such as HUL and Marico observed that modern trade outpaced general trade in terms of growth. This divergence between the two channels is attributed to the prevailing consumption pattern and rising costs faced by general trade. FMCG players are also experiencing double-digit growth in the e-commerce channel.
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Made-in-India smartphone shipments rose 6% in 2024: Apple, Samsung drove 94% of exports | Report
Economic Times
·
5m ago
Medial
In 2024, Apple and Samsung dominated India's smartphone exports, comprising 94% of shipments amid local manufacturing expansion, according to Counterpoint's report. Made-in-India smartphone shipments rose by 6%, with projections of double-digit growth in 2025. Samsung led with 7% year-on-year growth, followed by Vivo. Tata Electronics, aided by iPhone production, experienced 107% growth. India's favorable market conditions and government schemes enhance its position as a prime manufacturing hub.
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India key driver of future growth for Nestle: Suresh Narayanan
Economic Times
·
1m ago
Medial
Nestlé India is identifying the country as a key growth driver, with plans to expand its operations by setting up a new factory in Odisha. Suresh Narayanan, the outgoing Chairman & MD, highlighted India's large consumption market and political stability as vital factors. Despite past challenges like the Maggi crisis, Nestlé remains optimistic about achieving double-digit growth and enhancing its product offerings, manufacturing presence, and market penetration, particularly in rural and premium segments.
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'Standard Chartered is betting on SMEs in India to help grow wealth management business'
Economic Times
·
2m ago
Medial
Standard Chartered is expanding its small and medium enterprises (SME) business in India to boost its wealth management segment. The bank views SMEs as a vital driver for wealth creation in Asia, allowing for cross-selling opportunities. With double-digit growth in India’s SME sector, the bank aims to tap into the growing middle-class and regional opportunities, particularly in Asia and Africa. CEO Bill Winters plans to double investments in wealth management to develop future affluent clients.
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