The Swedish furniture giant said that millions of visitors visited the Ikea store and the turnover of the outlet is also as per the expectations of the company

The government also allowed single brand retailers to have online only models as opposed to earlier, when they were not allowed to have a digital store unless they had a physical presence

IKEA India said the online store is part of its new multichannel approach to reach 100 million customers in the next three years. The online store will offer 1,000 products priced below Rs 200, with uniform across India, both in the offline and online stores

IKEA remains committed to expand its large format stores to other locations in India, but is also looking at a multi-channel approach in India, which means a mix of smaller format stores and the e-commerce option

Rustomjee is looking at a revenue of Rs 700 crore from this project alone with this partnership.

Indian drugs regulator asks J&J to stop making baby powder using raw materialsOur very trusted baby brand Johnson and Johnson is in deep trouble. India's drugs regulator has ordered Johnson & Johnson to stop manufacturing its Baby Powder using raw materials in two of its Indian factories until test results prove they are free of asbestos. The official at the Central Drugs Standard Control Organization (CDSCO), said a written order had been sent to the U.S. company telling it to stop u...

IKEA officials said that they are looking to develop retail and commercial parks that would include shopping centres, offices and integrated commercial projects in the state.

Online furniture market place Pepperfry recently announced its FY-18 consolidated numbers, which showed a decline in their losses straight for the second year.

IKEA Group reported a 26 per cent drop in operating profit for its fiscal year through August

Swedish home furnishings giant Ikea says it is cutting 7,500 jobs worldwide as a result of a new strategy

Tata Sons board to meet today to decide Jet Airways takeoverThe board of Tata Sons is likely to meet Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways, which is looking for investors to tide over liquidity crunch that it has been saddled with, according to people familiar with the development. Airline's deputy chief executive and chief financial officer Amit Agarwal earlier this week had admitted that the company was in talks with \"multiple interested parties\...

The world's largest furniture chain is looking to hire people in e-commerce, sales, logistics, digital and Human Resource's and mostly they employ locals

The Swedish home furnishing giant is facing bad press in India due to a couple of recent incidents where bugs were found in the food offered at its restaurant in Hyderabad.

Speaking to Business Today, Adel Sajan, the much-travelled and young director of Danube Home, talks about the opportunity that the group sees in India and its investments plans.

The company said that the import duty hikes will push up costs in India and could hamper business sentiment.

New jobs rise to 11-month high of 9.51 lakh in July; 27 states, UTs on board to implement PM Modi's healthcare scheme from September 25; India to pay Iran in rupees for oil imports from November; Flipkart employees to turn millionaires after Walmart buys employee shares worth $800 million. Watch more in this episode of Business Wrap.