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Moneycontrol

Himadri Buch

Assistant Editor

Moneycontrol News

What’s in a name? If it’s all Glow and Lovely, HUL wouldn’t mind

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.

Why this company chose to cater exclusively to senior citizens

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.

MAGGI, Nescafe helps Nestle India post double-digit growth in Q3 CY20 sales

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.

Liquor Supply Spat: While Hotel lobby body says lift the ban on supply, wine traders say they should pay 50% percent dues first

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.

COVID-19 impact: Restaurant association requests finance minister to review Kamath Committee recommendations

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.

COVID-19 is helping this organic personal care brand become Rs 100 crore from mere 6 crore in FY20

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.

Worst is behind us, says HUL Chairman Sanjiv Mehta

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.

Demand for biscuits in lockdown takes Britannia’s Q2 profit up by 23%

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.

Why the restaurant lobby met the BMC Commissioner

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.

FMCG wrap: Challenges companies, retailers face in post-COVID world

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."

Restaurant association locks horns with food-delivery aggregators Zomato and Swiggy over commissions

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

COVID-19 impact: Germ-protection market gets crowded, but it’s not all about minting money

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.

Retail CFOs say worst is behind, hope to recoup COVID losses this festive season

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

Delivering the goods: How companies are forming unusual partnerships to connect with customers

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

Healthy eating is high priority for 79% Indians since coronavirus outbreak: Mintel Survey

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.

Reduce commissions on takeaway services, restaurants plead Zomato, Swiggy

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

Mumbai Power Cut: Malls say they have 100 percent power backup, unaffected by outage

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.

80% percent of restaurants yet to open and 40% may never open again, says sector body HRAWI

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

Personal-care brands go gender-neutral to win over young consumers

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

Mutual fund monthly SIP inflows, AUM fall a tad in September; but SIP folios rise MoM

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

MFs registers total outflows of nearly Rs 52,000 crore in September; debt schemes hit the most

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

Unlock 5: Maharashtra govt issues clarification on timings of restaurants, bars

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.

ITC remains hungry for lucrative acquisitions says ITC's Sameer Satpathy

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.

Unlock 5.0: Restaurant seek clarity on closing times, write to Maharashtra chief minister Uddhav Thackeray

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

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