BUSINESS
Average no of items purchased on e-commerce platforms up 23% during COVID-19 lockdown: Nielsen India
In the home cooking basket, ketchups, jams, cheese, milk powders, etc are gaining prominence and seeing increased innovation in the market
BUSINESS
Will these festive season offers by Mumbai malls help woo back customers?
Lucky draws, luxury cars, 43-inch smart TV sets, mobile phones, tablets, and soundbars are all there. But most of these schemes are on offer every year. Lockdown restrictions do not give malls much room to innovate. Malls say festive season is about hope and that’s what they are counting on.
BUSINESS
Woodland Shoes maker Aero Club may cut store count, plans to expand online business
Company will negotiate rent reductions for remaining stores and, while continuing to partner multiple e-commerce platforms, will promote its own site for online orders
BUSINESS
Why this start up decided to exclusively sell fruits and vegetables
Fruit Box & Co was launched in 2018, with an investment of just Rs 10 lakh. Today, it is raking in Rs 1.25 lakh in daily revenue. This fiscal year, in just five months, it has exceeded its total revenue in FY20
BUSINESS
Like A Boss: Hindustan Coca-Cola Beverages’ Christina Ruggiero on the most critical skill required of leaders, what she learned on the job and the importance of inclusion
Christina Ruggiero, CEO, Hindustan Coca-Cola Beverages Pvt Ltd (HCCB) describes her management style, the books that have influenced her and how she learns from mistakes.
BUSINESS
Deloitte India sees consolidation in retail space, says non-essential retail growth will revive only after December
Retailers who do not adopt effective omni-channel models and provide a differentiating consumer experience are likely to face either consolidation or failure, says Anand Ramanathan, Partner, Deloitte India
BUSINESS
Restaurants, catering companies turn to Live Kitchens for small gatherings at home
China Bistro’s offers a mix of authentic Asian salads, dim sums, baos, bowls, among others.
BUSINESS
For this Bengaluru startup, COVID-19 is the time to do interior design
The Sequoia Capital-backed HomeLane says it has crossed 80 percent new orders from the pre-COVID levels, and has received 350 new orders. Company’s proprietary software SpaceCraft enables a virtual experience as good as a showroom visit.
BUSINESS
Colgate-Palmolive Q1 numbers beat estimates, net profit up 17.2%
Overall volumes declined 7 percent versus estimates of a 10-11 percent decline.
BUSINESS
Almost two-thirds of Indian consumers ate healthy biscuits in last 6 months: Mintel survey
Even before the pandemic, the research highlighted that almost one-third (30%) of consumers said they find biscuits/cookies that improve immunity to be appealing.
BUSINESS
Suraj Vazirani: The man who built a Rs 11-crore business in two years by selling beauty products
When he started the company in 2018, countless beauty brands were available in the market. Vazirani saw that there were a few untapped segments in the women’s grooming industry. This resulted in the birth of The Beauty Co.
BUSINESS
Maggi or Milk — what did Nestle sell most during the lockdown?
We take a look at FMCG major Nestle India’s quarterly results to find out which of its product categories performed well.
BUSINESS
FMCG companies go digital, will the distributor be latest victim of coronavirus?
Online stores, ecommerce platforms and tie-ups with delivery startsup, FMCG companies are changing the way they make their products available to consumers.
BUSINESS
Hair oil or edible oil? How Marico products fared amid COVID-19 slowdown
The company gained market share in more than 90 percent of the portfolio, with Saffola Oils and Foods category leading the way.
BUSINESS
How the growing appetite for food delivery is fuelling the rise of cloud kitchens
With nearly 40 percent of India’s restaurants still shut because of Covid and people still reluctant to enter those that are open, it’s boom time for these delivery-only joints
BUSINESS
COVID-19 impact: Clothing manufacturers body CMAI's head says textile industry may see consolidation
Currently, India is going through an unprecedented complete lockdown since March 22, which was extended to July 31, to prevent the spread of coronavirus.
BUSINESS
ITC sees demand for staples, noodles and hygiene products during COVID-19 lockdown
India's FMCG major ITC on July 24 reported a 26 percent year-on-year fall in standalone net profit for the quarter ended June 30, 2020, at Rs 2,342.76 crore.
BUSINESS
Festive season sales | All depends on resolution of supply chain, operational issues: Retailers Association CEO
RAI wants authorities to allow essential shops, including kiranas, general trade shops, supermarkets, hypermarkets and wholesalers, to operate every day of the week until 9 pm to cater to the daily needs of customers
BUSINESS
Ready to resume dine-in services; delivery not a viable option to run business, say restaurant owners
But even in cities where services have resumed, customers are reluctant to dine out because of infection fears and depressed incomes. Restaurants are now going the extra mile to regain their confidence and assure them of a safe dining experience
BUSINESS
HUL yet to decide on restarting operations at 3 manufacturing plants that saw COVID cases
The three manufacturing plants are located at Haridwar in Uttarakhand, South of India (erstwhile GSK plant) and in West Bengal.
BUSINESS
What does HUL Q1 result tell us about India’s consumption during the lockdown
Food and refreshment segment showed strong growth of 51.7 percent at Rs 2,958 crore. EBIT increased 53.6 percent YoY to Rs 582 crore in Q1 FY21
BUSINESS
Amid localised lockdowns, retailers' unanimous call to open all shops till 9 PM
The total lockdowns in some places and limited operational hours and days in several others are creating setbacks for retailers as the already stressed retail businesses are getting further interrupted and in turn dampening consumer sentiment.
BUSINESS
Maharashtra lockdown | 5 million retail jobs at stake: Shopping Centres Association
The lockdown has also put plans of more than 30 malls on hold, which are currently under construction.
BUSINESS
COVID-19: How malls in Maharashtra are gearing up for Unlock 3.0
Sanitising tunnels, unidirectional movement of customers and appointment-based visits are some of the precautionary steps being taken. The Shopping Centres Association of India has already brought out detailed Standard Operating Procedures.
