BUSINESS
Coronavirus impact: Tupperware India taps social media for selling its products
In the first three months of the current calendar, the company has grown 15 percent. But due to the COVID-19 challenges, Chhabra said the company has lowered growth expectations by December-end to 10 percent.
BUSINESS
New UTI Mutual Fund boss Imtaiyazur Rahman has his task cut out
Imtaiyazur Rahman is a UTI veteran, but the mutual fund's assets under management has reduced by nearly 9% in the past two years.
BUSINESS
With a full-time CEO, will UTI MF finally be able to launch its IPO?
On Dec 19, UTI AMC filed draft red herring prospectus (DRHP) with the capital market regulator SEBI but the IPO was stuck.
BUSINESS
Will Nisaba Godrej be able to steer flagship company back to its dominant position?
According to the company, its India business sales declined 18 percent year-on-year, led by a 15 percent year-on-year decline in volume.
BUSINESS
Mutual fund industry adds lowest number of investor accounts in three months in May
The mutual fund industry opened 6.12 lakh new folios in May, taking the overall folio count to 9.10 crore. It had added 6.82 lakh new folios in April and 9 lakh folios in March
BUSINESS
AMFI May data | Equity inflows down 15% at Rs 5,256.52 crore; outflows in credit risk fund slows
Total MF Industry up 54% at Rs 70813.4 cr vs inflows of Rs 45,999.5 crore.
BUSINESS
Unlock 1.0 | Retailers Association of India's CEO seeks uniform reopening of stores
Shops and malls, especially those outside containment zones, are gearing up to reopen from June 8. However, strict guidelines have been issued to ensure social distancing.
BUSINESS
COVID-19 crisis | Companies shift focus toward launching, promoting immunity-boosting products
Dabur which sells Chyawanprash and Honey reported a 400 percent surge in demand for flagship its Dabur Chyawanprash and an 80 percent growth in Dabur Honey.
BUSINESS
Unlock 1.0: Retailers, malls lock horns over rent; Future Retail's Rakesh Biyani bats for viable model
Retailers have suffered huge losses due to the lockdown. Operating stores at pre-contracted rents will only add to the losses.
BUSINESS
COVID-19 impact | Ice cream industry suffers a meltdown; sales dip 50%
Ice cream has not considered an essential commodity. So, during the lockdowns, there was neither manufacturing nor transportation of ice cream.
BUSINESS
JSW Paints expects revival in next 3-4 months; launches anti-bacterial paint
JSW Group, which entered the paint business in April 2019, aims to achieve a share of 5 percent in the decorative paints market within three years.
BUSINESS
Indian retail sector prepares for Unlock 1.0, seeks uniform reopening of stores
Non-essential retail sales have seen a frightening drop from 50 percent in March 2020 to 80 percent in May.
BUSINESS
International funds give best average returns in May, bank funds worst hit
Advisers are suggesting an investment in international funds as a means to diversify across countries and currencies due to volatility in Indian equities.
BUSINESS
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
"The customer is now well-versed with the trends and believes in detailed research before making a purchase," said Nitin Mohan, founder and Director of Blackberrys.
BUSINESS
ITC evaluating food trends during lockdown, to launch new products soon
Given the Coronavirus pandemic consumers are looking for immunity boosting products
BUSINESS
DSP MF’s head of macro strategy Gopal Agrawal quits; Vinit Sambre to take over
Agrawal had joined DSP Mutual Fund in July 2018.
BUSINESS
Losing sense of taste & smell: Indian fragrances and flavours industry fears falling behind China
The Indian Fragrances and Flavours industry size is estimated at around $500 million which is growing at 11 percent per annum
BUSINESS
COVID-19 impact | Now, you can place order for a pair of shoes via WhatsApp
Battling revenue loss due to the pandemic, footwear brand Bata India is now allowing customers to buy shoes via the popular app.
BUSINESS
MFs turn conservative on investment mobilisation, go on a cleanup spree
SEBI had allowed mutual funds to grandfather existing investments in unlisted debt instruments till their maturity, so as to not disrupt the market.
BUSINESS
Food business honchos optimistic on regaining consumer confidence; expect normalcy in 6-9 months
Food safety and hygiene will replace price as the biggest differentiator in the future
BUSINESS
Consumers preferred vegetarian food during lockdown: Nielsen India
Only evolved hygiene products like hand sanitisers and floor cleaners continued to grow in lockdown phase .
BUSINESS
Coronavirus impact: Siyarams to launch anti-viral fabric in market soon
Siyaram’s is also planning to expand its online business which is currently at 10 percent.
BUSINESS
COVID-19 impact | FMCG companies enter into innovative tie-ups to reach out to customers
Most FMCG companies plan to continue the partnership even after the lockdown.
BUSINESS
Halt in exports, relaxation in APMC norms prompts mango farmers to sell directly to consumers
The late arrival of mangoes owing to transport challenges due to COVID-19 lockdown has impacted the price of mangoes.
