BUSINESS
Stimulus package reactions: Is space more important than tourism, asks hotels association chief
The tourism industry was looking forward to a deep set of survival measures for the sector from the Rs 20 lakh crore stimulus package.
BUSINESS
COVID-19 crisis | Retailers unhappy with Atmanirbhar Bharat stimulus package; fear shutdown of businesses
The financial stimulus announced by PM Modi on May 12 is almost 10 percent of India’s gross domestic product (GDP) and comes as the country battles the economic effects of the coronavirus pandemic.
BUSINESS
COVID-19 impact | Wai Wai noodles to make up for the losses: Varun Chaudhary, Executive Director, CG Corp Global
Wai Wai enjoys close to 25 percent market share with some states having a share in excess of 60 percent.
BUSINESS
Labour and logistics constraints impairing production plans: Amit Kumat, Prataap Snacks
Due to the unavailability of labour, the plants are being operational at lower than normal capacity.
BUSINESS
Farm package to boost rural economy, benefit FMCG companies
For the past few months, the surge in agribusiness and rural sales has been the driving factor of the future growth potential of FMCG businesses in India. Rural contributes 35-40 percent of overall sales value.
BUSINESS
Bouts of volatility in equities to continue: Navneet Munot, SBI MF
Given the environment, both corporate sector and households may remain thrifty and risk-averse, he said.
BUSINESS
Instant food: Maggi helps Nestle India post strong sales in Q1
According to a survey conducted by Nielsen India, around 22 percent consumers found ready-to-eat meals out of stock.
BUSINESS
Government's CAPFs canteens move: No significant impact on FMCG companies, say analysts
analysts say that this rule is not applicable for CSDs (Canteen Stores Department) which are profit making.
BUSINESS
Opening shopping malls can reboot economy albeit with all safety precautions: Mall-owners
A data from SCAI indicates that there are 650 large shopping centres that contribute over Rs 180,000 crore in sales with 1000 plus smaller shopping centres contributing another Rs 50,000 crore to the sales of the organised retail sector.
BUSINESS
JioMart’s Jio moment—can the RIL company disrupt Indian retail?
JioMart is a blend of digital and neigbourhood physical retail that makes it easy for customers to place orders and encourages stores to get empanelled with Reliance Retail.
BUSINESS
Coronavirus pandemic | Canara Robeco bets on FMCG, healthcare & telecom plays
Investors should stay calm. Every few years, markets experience sharp corrections and volatility on the downside. Stock prices are always more volatile than fundamental values of businesses.
BUSINESS
Gated communities ink tie ups with firms for delivery of essentials, medicines
The tie-up will help mitigate the risk due to novel coronavirus, or COVID-19, in the lives of ApnaComplex residents and ensure that supply of groceries and vegetables to apartments is not interrupted
BUSINESS
AMFI April data: Credit risk funds bleed; fund managers blame it on redemption pressure
Credit risk funds category continued to suffer in the month of April as well more so after Franklin Templeton shut its six debt funds including a credit risk fund citing liquidity constraints
BUSINESS
Coronavirus lockdown | Government, startups and kirana stores come together to deliver essentials
A slew of other startups such as Shiprocket, JustMyRoots, and Ninjacart also ventured in to delivering essentials.
BUSINESS
Coronavirus lockdown | Retailers await guidelines from states to open shops
The government said on May 1 that it will extend its lockdown for another two weeks, but with relaxations in several areas that will potentially spring back to life economic activity
BUSINESS
FMCG's Q1 CY20 growth at 6.3%, the slowest in three years: Nielsen India
In the Jan-Mar 2020 period, India’s FMCG industry grew at 6.3 percent across traditional trade, modern trade and e-commerce as against 7 percent in the previous quarter, the research firm said.
BUSINESS
JioMart sees 6,000 kirana stores going onboard to offer WhatsApp grocery shopping
Launched in January, the web-only arm of Reliance Retail allows consumers to purchase from among 50,000 products including groceries and other essential items along with private labels owned by Reliance Retail.
BUSINESS
Redemption pressure in credit risk mutual funds persists
AUM of credit risk fund category has been falling and the category has seen continuous outflows.
BUSINESS
MHA circular on shops | Retailers Association recommends even malls should be allowed to open
RAI also said that the government should also open up all channels of retail on a date that it feels safe with the social distancing norms clearly defined.
BUSINESS
Franklin Templeton fund closure: How did Santosh Kamath, the master of managing credit risk funds, lose the plot?
With 26 years of research experience and 19 years of portfolio management experience, Kamath is said to be a key decision-maker on investing in sub-AAA rated bonds or any form of structured debt.
BUSINESS
Ban on upfront commission hits new individual distributor registrations in FY20; plummets 51% YoY
With TER now reduced to critically low levels, the distributor community is seeing a decline in new entrants, leaving investors all alone to decide on MF schemes.
BUSINESS
Reliance Jio-Facebook deal: Reliance Retail to get a boost
Facebook, for $5.7 billion (Rs 43,574 crore), has bought a 9.9 percent stake in Reliance Jio - the telecom unit of Reliance Industries.
BUSINESS
Coronavirus-led lockdown | Prices of essentials spike amid a supply crunch
Generally, distributors or salesman service kirana stores but due to restrictions during lockdown salesman have stopped visiting shops for replenshing stocks, in turn hitting supply
BUSINESS
Coronavirus Lockdown | Consumers struggling to get hand-sanitisers, face masks: Nielsen India survey
Around 22 percent consumers found ready to eat (noodles,upma) out of stock. A similar percentage of customers did not find salty snacks.
