The National Medical Commission (NMC) has directed doctors affiliated with it to refrain from initiating or participating in any research activities related to e-cigarettes and heated tobacco products (HTPs) without obtaining the necessary approvals from the Union Health Ministry. The move follows a letter written by the Directorate General of Health Services (DGHS) Dr Atul Goel to the NMC flagging the issue and asking it to issue necessary instructions to the healthcare professionals affiliated with the NMC and the Indian Medical Association (lMA). The NMC, in a public notice on December 15, asked healthcare professionals to comply with Goel's instructions. In a letter dated December 8, Goel had said, "I am writing to address a matter of utmost importance concerning healthcare professional's engagement in research related to electronic cigarettes (e-cigarettes) and heated tobacco products (HTPs)." He highlighted that under the Prohibition of Electronic Cigarettes (Production, ...
Snapdeal believes the e-commerce story over the next 5-10 years will be around the growth of the 'value' lifestyle segment, and the online marketplace is looking to corner a "decent slice of this opportunity" as it focuses on unit economics, quality checks, and use of AI as well as tech to measure and improve customer experience. Snapdeal's business metrics are "in a good space" in the value e-commerce category and it has opted to "reinvest in growth now" as financial parameters are within striking distance of profitability, Himanshu Chakrawarti, CEO of Snapdeal, told PTI. In an interview, Chakrawarti said that Snapdeal expects a "normal" festive season, which typically yields a 25-30 per cent surge in demand over other months. "As per estimates the value (lifestyle retail) market in India is growing significantly, from USD 88 billion to USD 175 billion. Also along with this, the e-commerce portion is going to increase from 8 per cent to 22 per cent...we are largely focused on our .
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Retail store chain Lifestyle International Ltd, part of Dubai-based retail and hospitality conglomerate Landmark Group, has reported a jump in its net profit to Rs 700 crore for FY23, according to data accessed by business intelligence platform Tofler. Besides, revenue from operations of Lifestyle International also rose 49.5 per cent to Rs 11,672 crore for the financial year that ended on March 31, 2023. The company operates retail stores under the brand names - Lifestyle Stores (large format departmental stores), Home Centre (home improvement stores) and Max (value fashion chain) along with international fashion apparel brands Bossini and Kappa. Its net profit for the financial year 2021-22 was Rs 269 crore and revenue from the operations stood at Rs 7,806 crore. The total revenue of Lifestyle International for FY 2022-23 was Rs 11,810 crore. Its total expenses were at Rs 10,877 crore, up 40.73 per cent for the financial year ended on March 31, 2023.
Lifestyle recorded positive same-store sales growth during the Independence Day weekend, which the retailer did not anticipate, given a lacklustre EOSS
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Lifestyle International includes four brands -Lifestyle, Home Centre, Easy Buy and Max
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