Two proprietary stores of Apple in India have generated monthly revenues exceeding US$ 2.66-3.03 million (Rs. 22-25 crore) each and achieve milestone as India’s largest electronics retailer in record sales.

The organised jewellery retailers in India are expected to continue outpacing the industry in FY24, which would be aided by planned store additions by a majority of large jewellery retailers and market share gains due to the accelerated formalisation of the industry.

Mr. Piyush Goyal, the Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles invited all big and small retailers to join Open Network for Digital Commerce (ONDC).

According to CRISIL, shopping mall operators are expecting to earn 7-9% higher revenue during the current fiscal year, which would be driven by strong retail consumption and improved rentals in their properties.

The sales of Apple India hit a new high of almost US$ 6 billion in 2023 due to a push in retail by the CEO Mr. Tim Cook.