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Economic Times
5 days ago
- Business
- Economic Times
Avenue Supermarts' online sales jump 21% to Rs 3,502 Cr in FY25, losses widen amid expansion push
Avenue Supermarts, the operator of DMart retail chain, saw sales at its online grocery unit expand 21% in FY25 while losses widened as it expanded into new geographies. Sales for Avenue E-Commerce (AEL), its online subsidiary started eight years ago, was at Rs 3502 crore while net loss was Rs 247 crore, as per its latest annual report. The subsidiary, which runs DMart ready, had reported sales of Rs 2899 crore and a loss of Rs 185 crore in the previous fiscal year. "The nature of our industry and our job is to constantly compete, adapt and reinvent, all the time. It is literally war like. DMart Ready as an idea germinated to deliver to that ever-changing customer preference the same value through an alternate channel," said managing director Neville Noronha in its latest annual report. "We exist because we offer choice. We exist precariously as the customer has the choice to go to anyplace else – anytime, immediately, more so now by not even stepping out of their home, or even out of their chair."The company has so far invested about Rs 1138 crore in its online subsidiary to capitalise on the trend of consumers shifting to online buying especially during the this year, Avenue Supermarts, appointed Anshul Asawa to replace Noronha in February 2026, after he chose not to extend his contract more than two decades after he joined the supermarket chain. "Limited line control, maximum observability and strict governance has defined the DMart Way. I hope these principles are never compromised. What can be done can be fluid, knowing what should not be done is significantly more important. Leaders should not order, they should enable. Leaders know the least. Higher they are lesser they know. If retail is detail and retail is speed then the leader is the student, the subordinate is the teacher," said Noronha, Noronha, who owned around 1.94% stake in the company at the end of the March quarter, and is one of India's richest CEOs with its stake worth about Rs 5100 retail is estimated to have grown at 18% to Rs13 trillion while E-retail grew at 22% to Rs4.4 trillion. Of the total organised retail industry, the food and grocery segment accounts for about 29%.Unlike grocery startups Amazon and BigBasket, which rely on a delivery-based distribution model, DMart's online venture operates a hybrid model with delivery centres in areas where it has small stores from where customers can also pick up products they have ordered online.
Time of India
12-07-2025
- Business
- Time of India
KMC seeks funds from govt for upgrading waste management system
Kolhapur: The KMC administration has sent a proposal of Rs 13 crore to the govt to upgrade waste management system at the trash processing site at Kasba Bavda. If the system here is upgraded, 300 tonnes of waste can be processed per day, said deputy commissioner Paritosh Kankal. This proposal has been sent with a view to increase the capacity of waste processing, considering the eight villages that will be included in the city after the merger of fringe villages with Kolhapur Municipal corporation limits, added Kankal. On Friday, KMC administrative officials visited all the projects under the health department of KMC, such as STP plant, solid waste project, biomedical waste processing plant, and garbage project. The waste coming from the city is processed through RDF (refuse derived fuel), biogas, compost fertilizer, slurry horticulture, etc. projects. Assistant commissioner Krishnat Patil, Hemant Kashid, and other officials were present. Around 230 tonnes of waste is collected from the entire city per day at the waste processing plant at Kasba Bawda. Of this, 200 to 210 tonnes of waste is processed here. There is a possibility of expansion of city limits. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play 2025's Best Games for Less! Shop Now Undo In the first phase, eight villages will be included. After the inclusion of eight villages, the collection of waste will increase by about 70 to 80 tonnes per day. Deputy commissioner Paritosh Kankal said, "The existing system was installed in 2019. Currently, the system needs to be updated. A fund of Rs13 crore is required for this, and the proposal has been submitted to the govt by the municipal administration. The upcoming biogas project has a capacity of 30 tonnes. It will be upgraded to 50 tonnes. If the capacity of the project is increased, it will be able to generate electricity and produce CNG gas. The power generation system is ready. But a project will have to be set up to convert biogas into CNG gas, and a fund of 5 crore is required for this. Efforts are underway to provide funds from MPCP and the non-conventional energy department." Assistant commissioner Krishnat Patil said, "Around 1,65,000 metric tonnes of waste is lying at the project site. The garbage dump will be removed through biomining. The process of biomining is in the final stages. Biomining will start soon after the monsoon. The garbage mountain here will be destroyed within a year. The work on the third development plan of the city is underway. In this, there is a demand that space be given for waste processing projects under the four divisional offices of the city. It is expensive to collect waste from the entire city in one place. Therefore, the municipal corporation will try to decentralise the waste processing project in future."
Time of India
11-07-2025
- Time of India
Two govt officials arrested for taking bribes
Trichy: Sleuths attached to directorate of vigilance and anti-corruption (DVAC) on Friday arrested a land surveyor and a sub-inspector of survey in two separate cases in Trichy. Police said that P Murugesan from Poonnusangapatti near Thuraiyur approached a land surveyor P Raja, 35, to survey around 31 cents of his land, to obtain a field measurement book (FMB). However, Raja demanded Rs5,000 as a bribe to survey the land. Unwilling to bribe, Murugesan approached the DVAC. Acting on the complaint, a team led by DVAC DSP G Manikandan set a trap. As Murugesan handed over chemical-laced currency to Raja, he was caught red-handed and arrested at his office on Friday. In another graft case, Rabiya alias Rabiyathul Basriya from Valluvar Nagar near Trichy airport recently purchased a plot in Kottapattu in her husband's name. Seeking individual patta, the woman approached a sub-inspector of survey K Thaiyalnayagi, 49, at Trichy East taluk office. Thaiyalnayagi demanded a bribe of Rs13,000. But Rabiya filed a complaint with DVAC. As per instructions, Rabiya handed over Rs13,000 chemical laced cash to Thaiyalnayagi. Subsequently, DVAC unit police caught the accused official while accepting the bribe. Further inquiries are underway.
Time of India
07-07-2025
- Business
- Time of India
Rs89,000cr dues: Mahajan assures contractors meeting with CM Fadnavis
Kolhapur: State irrigation minister Girish Mahajan has assured the Maharashtra State Contractors Federation and the Association of Engineers that he will soon arrange a meeting with chief minister Devendra Fadnavis during the ongoing assembly session. The meeting's objective is to address and resolve the R89,000 crore in outstanding payments owed by state govt to the contractors. The assurance came after office-bearers from both associations met Mahajan in Solapur on Sunday. The outstanding dues stems from various development works undertaken by contractors across different state departments. According to the associations, the public works department alone accounts for Rs40,000 crore in outstanding payments. Other significant debtors include the rural roads department with Rs18,000 crore, the irrigation department with Rs13,000 crore, and the Jal Jeevan Mission with Rs12,000 crore. The urban development department owes Rs4,217 crore, the planning department Rs2,515 crore, and the rural development department Rs6,000 crore. In light of these substantial outstanding amounts, the contractors have threatened to pursue legal action to recover their dues. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invertir en Cervecería Nacional CFD podría proporcionarte un ingreso adicional Empieza a invertir hoy Registro Undo by Taboola by Taboola "We met him (Mahajan) and urged to resolve the issue immediately as the contractors are facing severe financial issues. The minister told us that he will speak to the CM and soon get a meeting arranged," Milind Bhosale, state president of the state engineers association, said.
Time of India
06-07-2025
- Time of India
Odisha's Ganja Syndicate Now Sets Sight on Akola
Nagpur: The tentacles of Odisha's marijuana mafia seem to have penetrated deep into Akola, crossing almost 1,000km inside Vidarbha. After Nagpur Police's fight against narcotics syndicates through 'Operation Thunder', Akola cops have started thwarting the advances of the marijuana mafia from the eastern coast. Tired of too many ads? go ad free now Between May 25 and June 28, Akola police have seized marijuana (ganja) worth around Rs13 lakh, undertaking their flagship dedicated programme under 'Mission Prahaar'. This marijuana originated from Odisha, said a source in Akola police. Akola SP Archit Chandak said there was a focused drive against drug peddlers who mostly deal with the narcotics suppliers from Odisha. "Though MD's prevalence is much lower, there is a considerable challenge now to make the district drug-free," said Chandak, whose team also cracked down on illegal arms. "We are focusing on the backward and forward linkages to break the narcotics syndicate and especially break the supply chains from Odisha," said the SP. "Apart from our drives to break supply line and their local nexuses, we have also undertaken a dedicated awareness campaign to create a drug-resistance psychology," said Chandak, adding 143 gambling dens were busted while 121 liquor raids were also conducted. Chandak said Akola police got signatures from 15,000 persons in just a couple of weeks who pledged against narcotics and substance abuse. "We are engaging student community through a drawing competition and 50 of the best anti-narcotics and anti-drug paintings by children will be displayed at the SP office," he said. Apart from narcotics, Akola police, in 35 days, have registered 30 cases against bovine smugglers and illegal slaughterhouses, rescuing animals and seizing materials worth Rs2.65 crore.
