BUSINESS
Titan: Smaller towns, pent-up purchases lead festive season demand
Company's CEO Ajoy Chawla tells Moneycontrol that Tier-2 and 3 towns continue to outperform urban markets, and there is a rising interest for modern gold jewellery.
BUSINESS
Nestle India Q2 net profit down 24% YoY to Rs 753 crore, beats estimates; double-digit sales growth across segments
Nestle India's net profit for the quarter, down from than in the same quarter a year ago, reflected the impact of the absence of exceptional gains.
BUSINESS
Aditya Birla Group partners with Galeries Lafayette to tap India’s booming luxury market
ABFRL, which already houses global brands such as Ralph Lauren, Hackett, Ted Baker, Fred Perry, Forever 21, American Eagle and Reebok, plans to deepen its play in the premium and luxury segment through its partnership with Galeries Lafayette
BUSINESS
GST cuts, discounts boost festive demand as tier 2, 3 shoppers upgrade
Large-screen television sets, water purifiers, dishwashers, washing machines and fashion wear — tier 2 and 3 towns are loading their shopping carts like never before
BUSINESS
V-Mart to expand Rs 1,000 apparel range as GST cut spurs demand
The retailer plans to increase its inventory priced below Rs 1,000, from the current 15 percent to 20 percent and experiment with more variety, CFO Anand Agarwal tells Moneycontrol
BUSINESS
LG India eyes smaller towns for premium products, looks to expand exports to Europe
On the global front, LG plans to turn India into a key export hub. Its $600 million investment in the Sri City facility in Andhra Pradesh is geared towards scaling production not just for local consumption but also for overseas markets.
BUSINESS
IPO-bound Apollo Green Energy faces payment delays, credit ratings downgrade debt facilities
Credit rating agency Crisil has flagged irregularities in what the ratings agency referred to as its account conduct, downgrading the ratings of its bank facilities worth Rs 330 crore
BUSINESS
Will Reliance’s low-price bottled water strategy repeat the Jio and Campa Cola effect?
The foray into the packaged drinking water segments comes amid market expectations of a double-digit growth through 2030
BUSINESS
India may announce $125 a tonne anti-dumping duty on met coke imports in October
In April this year, government initiated an anti-dumping investigation into imports of the raw material from Australia, China, Colombia, Indonesia, Japan, and Russia, post allegations that these countries were selling at unfairly low prices.
BUSINESS
GST cuts spark festive cheer for TVs, dishwashers; retailers report double-digit growth
Industry believes that this festival will be one of the most promising in recent years for the consumer electronics and home appliances market, as families are definitely spending more and upgrading quicker.
BUSINESS
US probe report finds material injury from Indian solar exports
Imports from India are “not negligible,” US International Trade Commission has said, rejecting Indian firms' position that their large domestic market and different supply patterns insulate them from being lumped with Southeast Asian exporters
BUSINESS
How Thyssenkrupp’s steel woes, failed sale attempts, paved the way for Naveen Jindal’s buyout bid
Thyssenkrupp is undergoing a restructuring wherein 40 per cent of its workforce or 11,000 jobs are proposed to be axed. Of the total, 5,000 jobs are to be eliminated by 2030 and the remaining 6,000 jobs through spin-offs or divestitures.
BUSINESS
Coke manufacturers flag dumping by Chinese firms through Indonesia, misuse of import curbs
India has banned unrestricted imports of low-ash metallurgical coke, introducing country-specific quotas to safeguard domestic producers
BUSINESS
Consumer goods firms tell tax authorities they can’t lower MRPs on low-value packs
Companies may increase the volume of the packaged item proportionally while keeping prices the same. The size of a Rs-20 biscuit pack, for instance, will increase instead of the price going down, FMCG company executives say
BUSINESS
Indian FMCG majors pause or scale down operations in Nepal after deadly unrest
The ongoing unrest has crippled supply chains of consumer products manufacturers, however, any further impact has been brushed off by the businesses that have exposure.
BUSINESS
Beauty giant Estee Lauder clears major India investment to tap rising mass-luxury demand
Faverie said that emerging markets are set to contribute 15–16 percent of Estée Lauder’s global business in the foreseeable future, led by India.
BUSINESS
GST rate overhaul may put India Inc’s systems, supply chains to the test
Current changes are more nuanced the same would require a fair bit of updating of invoicing, accounting, and ERP systems, say experts.
BUSINESS
Oreo maker Mondelez flags slowdown in India's biscuit consumption
Oreo, introduced by the Cadbury maker in 2011, was positioned in the premium biscuits category but launched with an aggressive entry price of Rs 10 a pack, making it accessible to most Indian households.
BUSINESS
UP power regulator flags asset, loan mismatches in discom privatisation plan; warns of tariff impact
The state government had in May cleared Uttar Pradesh Power Corporation Ltd’s request for privatisation of distribution in 42 districts and passed it on UPERC for scrutiny
BUSINESS
GST 2.0: FMCG, consumer durable segments gain, colas escape price hike
FMCG and consumer durables are expected to get cheaper after being moved to lower slabs in the overhaul of the indirect tax regime
BUSINESS
From soaps to snacks: GST cut to 5% to boost FMCG demand ahead of festive season
BUSINESS
Indian shrimp exporters see relief from US holiday demand
Exporters see that some consumers in the US are open to absorb full 50 percent tariff costs to cater to the upcoming holiday season, intending to pass on the costs to end consumers
BUSINESS
Furniture giant IKEA assembles small town strategy to double B2B business by 2028
IKEA doesn’t plan to set up stores in every city right away. Instead, it is placing key account managers in these markets to work closely with builders, architects, and customers, ensuring the brand stays visible and relevant well before a physical store comes up.
BUSINESS
Reliance FMCG arm eyes Rs 1 lakh cr revenue in five years, says Isha Ambani
The comments come as the company plans to consolidate brands in apparel, fashion, food, personal care, and beverages that are currently spread across Reliance Retail Ltd, Reliance Retail Ventures Ltd and Reliance Consumer Products Ltd (RCPL), into a new entity.
