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
COVID-19 impact | Noodle makers ramp up production to meet growing demand
According to a survey conducted by Nielsen India, around 22 percent consumers found ready-to-eat meals out of stock.
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
RBI’s special liquidity facility for mutual funds: Will it boost confidence?
Most mutual funds are of the view that RBI’s move will instill confidence in fund houses, particularly the ones struggling with redemptions.
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.
BUSINESS
Mutual Fund wrap: RBI's additional liquidity enhancing measures - a boon for fund houses
With greater capital infusion to NBFCs and MFIs, their credit rating will revive.Higher rated NBFC and MFI papers will be available for MFs to invest in 2020.
BUSINESS
Coronavirus impact | Retail channels see sharp fall in growth: Nielsen India
A survey with top industry leaders conducted by Nielsen revealed that supply chain and mobility issues have emerged as the biggest industry concern in the FMCG and retail space
BUSINESS
COVID-19 lockdown: DMart hands out time coupons, keeps 24-hour outlets open to avoid rush
Customers are also happy as they do not have to wait in long queues for buying essentials under the scorching heat
BUSINESS
PGIM MF bets on chemicals, pharma, utility plays
Companies with high leverage have seen maximum correction as these companies are at great risk during the coronavirus pandemic
BUSINESS
Union MF buying into equities to benefit from discounted valuations
The mutual fund house is betting on telecom, healthcare and industrial sectors.
BUSINESS
Paytm Mall ties up with more suppliers, logistics partners for swift delivery of essentials
Paytm Mall has waived off penalties on merchants for order cancellations and delays in processing
BUSINESS
Coronavirus fallout: Smokers, tipplers affected as cigarettes, liquor being sold at exorbitant prices
The ban on the supply of alcohol and cigarettes has pushed the sellers, who have old stock, to charge exorbitant prices for a pack of cigarette and bottle of whiskey or a beer in the country
BUSINESS
Coronavirus lockdown: Alcohol body recommends Maharashtra government to allow online delivery
West Bengal and Meghalaya have already started online delivery of alcohol
BUSINESS
Retail Association says enough stock of essentials even if the lockdown is extended
The association along with its members is working closely with various state governments and with the Centre to resolve supply concerns with regards to essentials as they arise
BUSINESS
COVID-19 impact | Not just essentials, demand for packaged foods also surges
Consumers were mainly stocking up processed items such as chips, nachos, namkeen, biscuits, among others.
