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• China leaders take reins at TikTok Shop in US as sales miss goal

  TikTok Shop in the US is navigating turbulent waters as it struggles to meet its ambitious sales targets. In a significant shift, ByteDance has appointed leaders with strong ties to China, leading to a wave of cultural adjustments and communication hurdles. As uncertainty looms, many employees find themselves either let go or leaving voluntarily, causing a stir within the organisation.

  

• FMCG companies see muted Q4 performance amid weak urban demand; rural recovery offers some relief: Report

  The report highlighted that sluggish demand, higher competitive pressure, and broader economic challenges weighed on the sector's growth during the quarter.

  

• Amazon freezes retail hiring budget for 2025 amid job cuts

  An Amazon spokesperson, however, clarified that this does not mean that recruitment is stopping. According to the Business Insider these changes affect only corporate staff in Amazon’s retail division, not warehouse workers or those in the company’s cloud division, Amazon Web Services.

  

• CCPA protection directs E-Commerce platforms for self-audit within 3 months to detect Dark Patterns

  The CCPA has advised e-commerce platforms to conduct self-audits for deceptive 'dark patterns' within three months and provide self-declarations. Notices have been issued to platforms violating dark pattern guidelines. A Joint Working Group is monitoring violations and suggesting consumer awareness programs, following the 2023 guidelines that specified 13 dark patterns.

  

• Wipro Consumer Care Ventures leads $1 million funding in pet food startup Goofy Tails

  This is the first investment by the VC arm of Wipro Consumer Care & Lighting—part of the Azim Premji-led Wipro group—in the pet food space. This is also the 15th investment by this Rs 200 crore fund.

  

• Concerns rise over hygiene standards in dark stores amid quick commerce boom

  Packaged food companies are raising concerns about unhygienic conditions in quick commerce dark stores, citing storage and handling lapses. The FDA and FSSAI are increasing inspections due to these issues. Companies like Britannia and KRBL emphasize the need for strict hygiene and safety standards to maintain consumer trust as quick commerce grows rapidly.

  

• Amazon cuts more jobs, this time in books division

  Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday.

  

• DAEWOO partners with EBG group for India retail expansion

  DAEWOO has teamed up with EBG Group to enhance its footprint in India. EBG will oversee retail, distribution, and post-sales support, implementing a franchise model to extend regional influence. DAEWOO is set to launch a range of smart, energy-efficient appliances, with a strong emphasis on IoT capabilities and cutting-edge features.

  

• India continues to remain an attractive investment destination, says RBI governor

  India attracts significant foreign investment. Gross FDI inflows increased to $81 billion in FY2024-25. Net FDI moderated, signaling a maturing economy. ECBs and non-resident deposits also saw higher inflows. Despite FPI outflows, India's external buffers remain strong with substantial foreign exchange reserves. The current account deficit is contained.

  

• India bets on growth with steepest rate cut in five years

  The Reserve Bank of India (RBI) aggressively cut its repo rate by 50 basis points, signaling a shift to a neutral policy stance due to low inflation and global economic uncertainties. This move aims to bolster growth, complemented by a reduction in the cash reserve ratio to enhance liquidity.

  

• U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies

  America's job market slowed down last month due to worries over President Trump's policies. Hiring decreased to 130,000 jobs in May, lower than April's 177,000. The unemployment rate remained at 4.2%. Economists are concerned about the impact of tariffs and immigration policies. Recent data shows mixed signals, with job openings rising but layoffs increasing.

  

• Robots could soon replace humans to deliver your Amazon orders

  Amazon is actively developing humanoid robots designed to revolutionize package delivery, potentially replacing human workers. The company is testing these robots at a dedicated facility, simulating real-world delivery scenarios using Rivian electric vans. These robots, powered by AI, could soon be deployed for actual deliveries, aiming to expedite the process and automate the last mile.

  

• Gucci owner Kering in talks to sell stake in $1 billion Fifth Avenue property: Sources

  Kering, controlled by family of CEO Francois-Henri Pinault, bought 715-717 Fifth Avenue in January 2024 for $963 million to secure a top retail location in one of the world's most popular shopping streets.