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Consumer Goods

Retail tomato prices drop 22% after October surge as supply strengthens

Retail tomato prices drop 22% after October surge as supply strengthens

Mon, Nov 18, 2024

Retail tomato prices declined 22.4 per cent month-on-month on improved supplies across the country, the Consumer Affairs Ministry said on Sunday. The all-India average retail price of tomatoes stood at Rs 52.35 per kg on November 14, down from Rs 67.50 per kg on October 14, according to an official statement.

New trend of sales of FMCG companies

New trend of sales of FMCG companies

Wed, Sep 25, 2024

Quick commerce gives power to FMCG, new trend of sales of FMCG companies, emphasis on online shopping for food and drinks, which FMCG companies benefit?, know complete details.

Silver Consumer Electricals Private Limited poised for exponential growth, valued at enterprise value of Rs 3,600 crore

Silver Consumer Electricals Private Limited poised for exponential growth, valued at enterprise value of Rs 3,600 crore

Thu, Jul 04, 2024

Silver Consumer Electricals Private Limited, a beacon of innovation and excellence in the consumer electricals industry, embarks on a new chapter of success and expansion. Under the dynamic leadership of Vinit Bediya, the Managing Director, Silver has achieved remarkable ten-fold growth in the last five years. Vinit has fostered an ownership-driven work culture anchored in strong values and corporate governance standards.

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Hindustan Coca-Cola to invest Rs 1,000 crore to set up two plants

Hindustan Coca-Cola to invest Rs 1,000 crore to set up two plants

Sun, Jan 15, 2017

Hindustan Coca-Cola Beverages (HCCBL), the bottling arm of Coca-Cola in India, is setting up two greenfield plants at Ahmedabad and Nellore with an investment of Rs 1,000 crore, a top official said.

ITC to take MasterChef brand national with 'super safe' spices launch

Sun, Jan 15, 2017

Cigarettes to hospitality conglomerate, ITC is planning to launch 'super safe' spices in the last quarter of this fiscal year under the MasterChef brand, taking it national, a report by Business Standard said on Sunday.

Jubilant FoodWorks appoints Pratik Pota as CEO

Jubilant FoodWorks appoints Pratik Pota as CEO

Fri, Jan 13, 2017

Jubilant FoodWorks Ltd (JFL) on Friday announced appointment of Pratik Pota as chief executive officer designate. Pota, who was earlier with PepsiCo as COO-foods and beverages, will join JFL by the end of February, replacing Ajay Kaul, who had resigned in September last year.

Personal care products may clock single digit declines in Q3 sales despite demonetisation

Personal care products may clock single digit declines in Q3 sales despite demonetisation

Thu, Jan 12, 2017

Among the fast moving consumer goods (FMCG) companies, personal care (PC) products may not be worse off given the demonetisation fiasco.

Demonetisation kills Navratri appetite of fast food restaurants

Demonetisation kills Navratri appetite of fast food restaurants

Mon, Jan 09, 2017

Fast food or Quick Service Restaurants (QSRs) turned vegetarian and refurbished their menus only to have their efforts washed out by the government's demonetisation decision. Analysts predict lower sales growth for the quarter ending December 31.

Slumping Macy's to cut up to 10,100 jobs in US

Slumping Macy's to cut up to 10,100 jobs in US

Thu, Jan 05, 2017

Macy`s unveiled plans Wednesday to cut as many as 10,100 jobs as the iconic US retailer closes stores and downsizes following another disappointing holiday sales season.

Now buy Amul Milk without paying cash!

Now buy Amul Milk without paying cash!

Wed, Dec 21, 2016

Mobikwik has added 1,50,000 retailers to its networks in the month of November.

Liquor shares drop on SC order to ban alcohol shops on highways

Liquor shares drop on SC order to ban alcohol shops on highways

Thu, Dec 15, 2016

Shares of liquor companies dropped as Supreme Court moved to ban alcohol shops along national and state highways on Thursday. The court said that the existing liquor licenses will lapse on April 1, 2017.

Lenders lower Kingfisher Villa price by 5%; reauction on December 22

Lenders lower Kingfisher Villa price by 5%; reauction on December 22

Mon, Dec 05, 2016

Lenders to the defunct Kingfisher Airlines have decided to again put up for auction on December 22 the plush sea-facing Kingfisher Villa at Condolim in north Goa at a marginal discount of 5 per cent to the last reserve price.

Indians flock to buy branded apparel; cast out new entrants, online retailers

Indians flock to buy branded apparel; cast out new entrants, online retailers

Thu, Nov 17, 2016

Branded retail segments have outperformed the new entrants and online fashion retailers as Indian consumers are seen to upgrade to the big players.

Enforcement Directorate seizes fresh Mallya assets worth over Rs 1600 crore

Enforcement Directorate seizes fresh Mallya assets worth over Rs 1600 crore

Fri, Nov 11, 2016

With a special Prevention of Money laundering Act (PMLA) court allowing its plea for further attachments, Enforcement Directorate (ED) has seized under CrPC laws fresh assets worth Rs 1,620 crore of liquor baron Vijay Mallya in connection with its money laundering case against him and others.

A day in the life of Indian consumers after GST

A day in the life of Indian consumers after GST

Fri, Nov 04, 2016

The broad based tax structure under the much awaited Goods and Service Tax (GST) were decided by the GST Council to be 0%, 5%, 12%, 18% and 28% on Thursday.

Domestic FMCG firms log more revenue than MNCs in FY16: Report

Domestic FMCG firms log more revenue than MNCs in FY16: Report

Mon, Oct 31, 2016

Country's seven leading FMCG companies have fared better than their multinational peers in terms of revenue growth in India during 2015-16 fiscal, says a report.

FMCG face low volume growth in Q2 FY17

FMCG face low volume growth in Q2 FY17

Thu, Oct 27, 2016

Second quarter did not prove to be much of a bright spot for the fast moving consumer goods (FMCG) industry as volume sales of top consumer product makers had marginally improved.

Crown shares plunge after China detains high-roller chief

Crown shares plunge after China detains high-roller chief

Mon, Oct 17, 2016

Shares in billionaire James Packer`s Crown Resorts slumped on Monday after 18 sales and marketing staff were detained in China, including an executive in charge of luring high-rollers to Australia.

Tata fosters another startup, invests in fitness company GOQii

Tata fosters another startup, invests in fitness company GOQii

Mon, Oct 03, 2016

Adding one more to his startup funding list, leading industrialist and serial investor Ratan Tata has invested in virtual fitness coaching platform, GOQii. The size of the funding was however not disclosed.

Samsung in talks with U.S. regulator on washing machine safety issues

Samsung in talks with U.S. regulator on washing machine safety issues

Thu, Sep 29, 2016

Samsung Electronics Co Ltd said it was working with a U.S. consumer product safety regulator to address safety issues related to some of its top-load washing machines.

Mallya's jet to be re-auctioned; HC allows claimant to withdraw Rs 27 crore bid

Mallya's jet to be re-auctioned; HC allows claimant to withdraw Rs 27 crore bid

Tue, Sep 27, 2016

The Bombay High Court today allowed a company, which had claimed to have won the auction for the fugitive industrialist Vijay Mallya's luxury jet for Rs 27.39 crore, to withdraw its bid paving the way for a fresh auction.

Patanjali to set up Rs 1,600-crore food park in UP

Patanjali to set up Rs 1,600-crore food park in UP

Sun, Sep 25, 2016

There were speculations that Patanjali will announce its investment in Uttar Pradesh after the assembly polls in March next year.

Need to destroy 550 tonnes of outdated Maggi stocks: Nestle to SC

Need to destroy 550 tonnes of outdated Maggi stocks: Nestle to SC

Thu, Sep 22, 2016

Nestle India on Thursday sought the Supreme Court`s nod for destroying 550 tonnes of Maggi stocks that have outlived their shelf life.

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