TRENDS
L’Oréal to use 100% recycled plastic for packaging by end of 2020
Since 2005, the Group has reduced the CO2 emissions of its plants and distribution centers by 78 percent in absolute terms, exceeding its initial target of 60% by 2020
BUSINESS
Why HUL might not withdraw Fair & Lovely — nearly Rs 4,100 crore annual revenue from India alone
The Indian fairness cream market is dominated by HUL, Procter & Gamble and Garnier (L'Oréal)
BUSINESS
Canara Robeco MF debt head Avnish Jain says funding crunch in mid, small-cap companies may lead to defaults
"We are likely to see more bankruptcies as medium and small businesses are severely hit. Banks and finance companies are likely to rise sharply, post the moratorium period provided by the RBI to retail borrowers," said Avnish Jain.
BUSINESS
Naturals Ice Cream to soon open outlets in Chennai; eyes rural markets for expansion
Naturals has been in business for 35 years, and has 126 outlets across Maharashtra, Delhi, Karnataka, Gujarat and Goa. Two years ago, it opened an outlet in Kolkata.
BUSINESS
Franklin Templeton president assuages investor fears over six wound-up schemes
Franklin Templeton's President Sanjay Sapre informed investors that two of the schemes have surplus cash and the fund house will take appropriate steps to distribute the money to the unit holders at the earliest. Here's what else he said
BUSINESS
HDFC Securities, Sharekhan users face issues during trading hours, companies claim technical glitch
When Moneycontrol reached out to Navanil Sengupta, Head, Corporate Communications HDFC Securities Ltd, he said: "We suffered a system downtime this morning, however all the platforms were up and running by noon. This incident was due to a technical glitch which we, along with our IT partners, have resolved.
BUSINESS
Johnson & Johnson exits fairness cream market, but what about competitors?
The Indian fairness cream market was worth about $450 million in 2019 which is largely dominated by Hindustan Unilever, Procter & Gamble and Garnier (L’Oréal).
BUSINESS
Uflex says COVID-19 may propel development of sterile, anti-microbial packaging solutions
Uflex revenues could grow 12-15% in FY21, as new projects are commissioned during the year, Rajesh Bhatia, Group President (Finance & Accounts) & CFO UFlex told Moneycontrol
BUSINESS
Safe haven gold a good bet during volatility, uncertain times
Investors have evinced more interest in Gold ETF holdings which can be sold anytime on listed exchange or through the mutual fund company.
BUSINESS
Coronavirus impact | Demand for flour, baking soda spikes as India cranks up the oven
Ingredients fly off the shelves as people taking to baking like never before.
BUSINESS
SBI MF CIO Munot says eyeing companies ready to reimagine business processes
In an interview with Moneycontrol, Navneet Munot said SBI MF is anxiously excited as it scouts for winners amidst the chaos
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
Unlock 1.0 | Restaurants allowed to open from June 8, but will they?
Will unlock 1.0 bring any relief to the restaurants and mall owners who have already suffered huge losses due to the lockdown?
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.
