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BUSINESS
What’s in a name? If it’s all Glow and Lovely, HUL wouldn’t mind
The company changed the name of its flagship fairness cream from Fair and Lovely to Glow and Lovely in July 2020. Dealers, distributors and brand experts claim that sales numbers have not come down at all despite the name change.
BUSINESS
Why this company chose to cater exclusively to senior citizens
The company has seen more senior citizens buying home essentials, gardening, kitchen & dining, music products, food & nutrition as well as gifting products.
BUSINESS
MAGGI, Nescafe helps Nestle India post double-digit growth in Q3 CY20 sales
The COVID-19 outbreak has given a boost to products in the ready-to-cook meals category and companies selling them have made most of it.
BUSINESS
Liquor Supply Spat: While Hotel lobby body says lift the ban on supply, wine traders say they should pay 50% percent dues first
HRWAI feels, the wine traders association is exploiting the monopolistic position it enjoys on supplies in Maharashtra.
BUSINESS
COVID-19 impact: Restaurant association requests finance minister to review Kamath Committee recommendations
FHRAI is the apex body of the Indian hospitality industry, representing 55,000 hotels and 5,00,000 restaurants across the country.
BUSINESS
COVID-19 is helping this organic personal care brand become Rs 100 crore from mere 6 crore in FY20
Since the leniency in lockdown, the company has been receiving 25,000 orders per month.
BUSINESS
Worst is behind us, says HUL Chairman Sanjiv Mehta
HUL on October 20 reported a profit of Rs 2,009 crore in the quarter ended September 2020, rising 8.7 percent compared to Rs 1,848 crore in the same period last year.
BUSINESS
Demand for biscuits in lockdown takes Britannia’s Q2 profit up by 23%
The company had registered a massive 117 percent year-on-year increase in consolidated profit for the quarter ended June 2020.
BUSINESS
Why the restaurant lobby met the BMC Commissioner
The representatives of the Hotel and Restaurant Association – Western India (HRAWI) met BMC chief Iqbal Singh Chahal, with a request to extend the timings of restaurants and increase seating occupancy. We look at what transpired at the meeting.
BUSINESS
FMCG wrap: Challenges companies, retailers face in post-COVID world
Rajat Wahi, Partner at Deloitte Consulting said, “The COVID pandemic has impacted the growth of retail, which was expected to grow from 850-900 Billion USD to 1.2 Trillion USD by 2022 and this will now likely get pushed back to 2023-24 due to the slowdown in offline retail."
BUSINESS
Restaurant association locks horns with food-delivery aggregators Zomato and Swiggy over commissions
Zomato and Swiggy say they have rolled out initiatives to support restaurants, which have been hit hard by the absence of dine-in customers. The restaurant association has dismissed these initiatives as hogwash and says the need of the war is to reduce commissions so that restaurants can keep their heads above water
BUSINESS
COVID-19 impact: Germ-protection market gets crowded, but it’s not all about minting money
While some experts say it makes business sense, others argue that it is important for companies to enter the segment to ensure that loyal and potential customers don’t go to other brands to solve new needs. Tata Consumer is the latest entrant into the segment.
COMPANIES
Retail CFOs say worst is behind, hope to recoup COVID losses this festive season
Many retailers are hoping to make up for their losses in the lockdown, with sales during the festival season
BUSINESS
Delivering the goods: How companies are forming unusual partnerships to connect with customers
FMCG companies ITC, Marico and Godrej Consumer Products have partnered with delivery services Zomato, Swiggy, Dunzo and Scootsy. Car rental firm Zoomcar and Uber have tied up online grocers for deliveries. Meanwhile Adidas has tied up with MacDonald’s for a sneaker range and Dabur has partnered SIS for personal protective equipment
INDIA
Healthy eating is high priority for 79% Indians since coronavirus outbreak: Mintel Survey
However, the average sodium in cereal launches in India was 76 percent higher than the global average. Only 18 percent of Indians have been reducing their salt intake in the 12 months to December 2019.
BUSINESS
Reduce commissions on takeaway services, restaurants plead Zomato, Swiggy
Restaurant lobby requests the food-service aggregators to reduce the commission by 5 percent, with effect from May 2020. Before Covid struck, both Swiggy and Zomato delivered around 20 lakh orders in a month. In August, Zomato indicated that it delivered 7 crore food orders after the lockdown was imposed in March. A month earlier, Swiggy said it had delivered 4 crore orders since the lockdown began
BUSINESS
Mumbai Power Cut: Malls say they have 100 percent power backup, unaffected by outage
Most parts of Mumbai reported a major power outage on the morning of October 12 due to a technical failure. Back up of mall generators lasts for 14 hours.
BUSINESS
80% percent of restaurants yet to open and 40% may never open again, says sector body HRAWI
Thin customer footfalls, staff shortages and working capital challenges mean it will be a while before things return to a semblance of normalcy for the hotel and restaurant sector
BUSINESS
Personal-care brands go gender-neutral to win over young consumers
Startups lead the change, launching a range of gender-neutral products like skin creams, shampoos, face scrubs and body-polishing oils
BUSINESS
Mutual fund monthly SIP inflows, AUM fall a tad in September; but SIP folios rise MoM
Assets under management (AUM) of mutual fund companies that have come through the systematic investment plan (SIP) route fell marginally to Rs 3.35 lakh crore in September
BUSINESS
MFs registers total outflows of nearly Rs 52,000 crore in September; debt schemes hit the most
Across all scheme categories, liquid funds posted the highest outgo of Rs 65,951 crore during the review period, followed by nearly Rs 5,000 crore outflows each from money market schemes and ultra-short duration funds
TRENDS
Unlock 5: Maharashtra govt issues clarification on timings of restaurants, bars
Hotel & Restaurants Associations (HRAWI) had written a letter to the Maharashtra Chief Minister Uddhav Thackeray seeking clarity on the issue.
BUSINESS
ITC remains hungry for lucrative acquisitions says ITC's Sameer Satpathy
ITC's personal care portfolio includes brands such as Essenza Di Wills, Fiama, Vivel, Engage, Savlon, Charmis, Shower to Shower, Nimyle, Nimwash and Superia brands.
BUSINESS
Unlock 5.0: Restaurant seek clarity on closing times, write to Maharashtra chief minister Uddhav Thackeray
Instead of easing and bringing relief to the Industry in the opening of Restaurants & Bars, the closure by 7PM will result in immense losses, says HRAWI in a letter to Maharashtra CM
