Praveen Paramasivam
Correspondent at Reuters
Chennai-based companies correspondent for @Reuters. Have reported on U.S. retail & CPG as well as Indian & UK football. He/him.
Articles
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1 week ago |
marketscreener.com | Praveen Paramasivam
(Reuters) - Amazon-backed More Retail, a key player in India's food and staples market, plans to go public next year and double its store count in five as shoppers keep turning to supermarkets and online buying for daily groceries, a top executive told Reuters. Mumbai-based More, known for its neighborhood supermarkets and fresh grocery offerings, operates one of the country's largest retail chains, with 775 stores as of its latest count.
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1 week ago |
money.usnews.com | Praveen Paramasivam
By Praveen Paramasivam(Reuters) - Hyatt Hotels is betting on India's rising population and consumer spending power to help the U.S. hotel chain keep up revenue growth in the double-digit percentage range in the Asian country this financial year, an executive said. Global hotel operators have been building diverse property portfolios in the world's most populous country, targeting its more affluent consumers, whose appetite for domestic travel has been strong since the relaxation of COVID curbs.
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2 weeks ago |
yahoo.com | Praveen Paramasivam
By Praveen Paramasivam(Reuters) - India's commerce minister said his country's startups needed to emulate China by focusing on high-end tech and not quick grocery deliveries or fancy ice cream - harsh criticism that had entrepreneurs quickly pointing out the government's shortcomings.
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1 month ago |
kfgo.com | Praveen Paramasivam
By Praveen ParamasivamCHENNAI (Reuters) – India’s Zetwerk is considering a stock market listing within 24 months, at a time when the contract manufacturer is ramping up electronics production, its CEO and co-founder said on Saturday. “Global companies are moving production to India. This is happening today; this will happen once in our lives probably,” Amrit Acharya, CEO and co-founder of Zetwerk, told reporters.
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1 month ago |
marketscreener.com | Praveen Paramasivam
CHENNAI (Reuters) - India's southern state of Tamil Nadu will offer a subsidy of 20,000 rupees ($230) to select gig workers to buy e-scooters, a minister said on Friday, as more young people sign up with online platforms to deliver food and groceries. Gig workers, or those outside traditional employer-employee relationships, are set to play a key role in the world's fifth-biggest economy, spurred partly by high unemployment after COVID-19 pandemic curbs fuelled growth in the sector.
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