BUSINESS
Christmas, New Year are bringing cheer to mall business after COVID-19 impact
After Diwali, Christmas and New Year are continuing the growth momentum in terms of footfalls and business. And Christmas offers and End of Year sales are attracting people to malls.
BUSINESS
Society Tea striving to become a national brand, says Director Karan Shah
India is the second-largest producer of tea, globally, after China. The local tea industry in India has a market value of more than Rs 12,000 crore.
BUSINESS
This week in hospitality industry: Night curfew dampens year-end cheer; license fee gives some relief
Just a week ago the restaurant association had written to the government seeking permission to operate restaurants for an additional two hours for the month so that they could earn some revenue.
BUSINESS
Bar owners welcome Maharashtra government’s move to cut license fee
The liquor shops were shut between 38 days to 190 days during the lockdown period and the concessions were granted considering the losses due to the lockdown.
BUSINESS
Retailers must use AR/VR technologies to bring in-store experience to online channels: Capgemini’s Nayak
In the current scenario, the fear of getting infected with the deadly virus has prompted customers to shop online
BUSINESS
Maharashtra night curfew dampens year-end hospitality cheer
Just a week ago the restaurant association had written to the Government requesting for restaurants to be allowed to operate for an additional two hours for the month so that they could earn some revenue
BUSINESS
As skin care takes precedence, beauty brands struggle to sell face cosmetics
With health and hygiene products taking priority, and people largely staying home or wearing masks when they venture out, facial products have remained unused. Consumers aren’t buying more, for now, and this has hit the facial cosmetics segment of the beauty industry hard, with one top brand saying it has seen sales of such products plunge 90 percent
BUSINESS
This week in FMCG: Stellar response to Mrs Bectors' IPO; Next one from KFC, Pizza Hut operator?
Sapphire Foods is managed by a team of professionals led by Group CEO Sanjay Purohit, who has earlier had stints at Levi Strauss & Co, Cadbury India & Asia Paints
BUSINESS
Meet the woman behind IPO star Mrs Bectors Food Specialities
Rajni Bector started the business in a backyard with an investment of just Rs 20,000. Today it is a household name in North India and has grown into a Rs 1,000 crore business exporting its products to 60 countries and employing over 4,000 people
BUSINESS
Most of our group businesses are back at pre-Covid levels: Raymond Chairman Gautam Singhania
The Raymond group, which has interests in the textile, apparel, FMCG, engineering, prophylactics and real estate sectors, was battered by Covid. In FY20, it recorded consolidated revenue of Rs 3,186 crore, only to see this shrink to a mere Rs 24 crore in the first quarter of FY21 and Rs 254 crore in the second quarter. But with the economy opening up, Chairman and Managing Director Gautam Hari Singhania told Moneycontrol things are looking up for Raymond with most group businesses at 90 percent of their pre-Covid levels
BUSINESS
This week in FMCG: Honey adulteration controversy continues; CSE vs FSSAI, firms launch sugar-free products
NMR is the advance technology to detect adulteration in honey with sugar syrups by molecular separation and identification. It is the only test that can detect the new modified ‘Chinese sugar’ being used to adulterate honey.
BUSINESS
COVID Impact | FMCG firms rush to launch sugar-free, low-calorie products as demand shoots up
There is a rapid increase in demand for less sugary and immunity-boosting products, as more and more Indians seek solutions to boost overall health and wellbeing.
BUSINESS
Honey adulteration | FSSAI needs to strengthen testing standards, says CSE's Amit Khurana
In an interaction with Moneycontrol, Programme Director of the CSE’s Food Safety and Toxins Amit Khurana said Indian standards are not enough to detect adulteration in honey.
BUSINESS
Farmers' protest | What Maharashtra farmers have to say about the farm laws, contract farming
Some of the farmers, who have already taken up contract farming, are worried that laws may empower the companies even more and wonder how that would impact them.
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
How will Flipkart and Aditya Birla Fashion Retail deal benefit both entities?
Experts are of the view that a combined market approach of these two large fashion, apparel and lifestyle entities will usher great synergies in manufacturing and supply chain, which will enable them to capture a bigger slice of growth
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
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
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.
