BUSINESS
SBI-HUL tie up for digital payment for retailers; bank to provide paperless overdraft of up to Rs 50,000
Under the partnership, SBI will digitally empower HUL retailers and distributors through UPI based payment solutions and PoS (point-of-sale) terminals.
BUSINESS
Unlock 5.0 Guidelines: These are the SOPs restaurants in Maharashtra will follow when they restart dine-in services on October 5
Battered by the Lockdown and struggling to get by on deliveries, restaurants in the State will be opening their doors to dine-in services after more than six months
BUSINESS
Amway India expects home delivery to double to 6 lakh per month by fiscal-end
Direct seller firm witnesses increase in online sales from 33.6 percent in February 2020 to over 70 percent in September 2020. Before lockdown in March, the company had executed 1 lakh deliveries, accounting for 40 percent of total sales count.
BUSINESS
Covid impact: Marico counting on Saffola to take its food business past the Rs 500 crore mark
The FMCG firm expects the heightened focus on health and surge in sales of ready-to-cook and ready-to-eat products to drive growth in the coming years
BUSINESS
Online shoppers await festive season sales for buying appliances, mobiles: Report
Nielsen data indicated that restrained spending during lockdown is enabling consumers to prioritise spending on categories to improve quality of living at home.
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
Pune-based direct seller clocks Rs 100 crore turnover in 100 days
Demand for health products during COVID days a major driver for Netsurf. In the last four months, more than 2 lakh direct sellers have joined the company’s network. It is already present in the US and plans to expand to Thailand now.
MUTUAL-FUNDS
AMFI August Data: MF industry registers total outflows of over Rs 14,000 crore; debt category hit the most
Liquid funds which are used by corporates to park surplus cash registered outflows of Rs 15,814 crore in August.
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
Orkla’s acquisition of Eastern Condiments: Why has the spice market become so hot?
Consumption of spices both in India and overseas has grown, as people become aware of their immunity-boosting properties. Branded spices are gaining a larger share of the market as people become aware of the dangers of adulteration and also order online to avoid stepping into shops.
BUSINESS
How kirana shops are driving the cashless revolution in India
It’s a win-win situation. Customers are keen on contactless transactions for the sake of safety and local grocers are now accepting digital payments for the same reason. And that has taken the volume and value of digital transactions to new highs during the lockdown.
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
