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.
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.
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.
Is Reliance Retail the next unicorn? It certainly ticks all the boxes for investors
With a footprint encompassing B2C and B2B retail as well as the kirana network, which can all feed its online business JioMart, Reliance Retail is well poised to command the market
Demand for biscuits in lockdown pushes up Britannia’s profit up 117% in Q1
For Britannia, 70-80 percent of revenue comes from biscuits.
GCPL aims to make brand Godrej Protekt a Rs 500-crore company in next 3 years; CEO Sunil Kataria
The company has launched 14 products including soaps, face masks, fruit & veggie wash and dish wash under the three broad hygiene categories.
iD Fresh sees demand for whole wheat parota apart from signature idly-dosa batter in lockdown; Co-Founder PC Musthafa
Work-from-home culture increases demand for filter coffee. iD Trust initiative, under which products are dropped off at apartments without asking for payment, growing in popularity.
FMCG wrap: Lockdown may hit companies' Q1 FY21 earnings
Britannia will be announcing its first quarter results for FY21 on July 17, ITC on July 24, Marico on July 27 Nestle on July 28, and Dabur on July 30.
Festive season may bring cheer to retailers; companies eye demand revival from Q2 FY21
Metros like New Delhi and Mumbai are the worst hit, and they are also the biggest fashion markets in India.
FMCG companies need to raise their ad spend from September, say brand experts
For most FMCG companies, a large part of the decline came in the second half of March due to a nationwide lockdown to contain the COVID-19 pandemic.
COVID-19 impact: Retailers tap omni channel, social media to boost sales
Retailers body survey shows 67 percent consumers losing interest in shopping. Instagram prominent presence in sales strategy of firms
COVID-19 pause facility pulls down SIP inflows in June: AMFI CEO Venkatesh
The assets under management from SIPs rose to Rs 3 lakh crore from Rs 2.76 lakh crore
AMFI June data: Multi-cap, large-cap funds see outflows; liquid funds worst hit
Total assets under management (AUM) in June rose to Rs 25.5 lakh crore as compared to Rs 24.5 lakh crore in May.
All is fair in business and war: HUL versus Emami — who will dominate men’s fairness cream space?
Emami is evaluating legal action against HUL for renaming its men’s range of Fair & Lovely products as 'Glow & Handsome'.
Amid calls to boycott Chinese products, what’s in a name? Ask Ching's Secret
Capital Foods is not worried that the backlash against Chinese businesses will affect its Chinese-named packaged food business.
Mutual funds update: All equity, debt schemes deliver positive returns in June
Mutual fund managers expect FY22 to be a more normalised year for economic growth.
Mutual Funds wrap: Mid, small-cap funds deliver positive returns but will gains sustain?
Both mid and small-cap indices have outdone Sensex returns. How long will this rally sustain?
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
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)
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.
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.
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
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.
Raymond feels COVID-19 pinch, lays off 1000 employees to tide over crisis
Some of the retrenched employees are getting ready to approach the labour commission and civil courts seeking re-employment or full salaries.
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