BUSINESS
Bee-keepers feel the sting of falling honey prices. Who’s to blame?
While it may be difficult to pinpoint the exact reason for the fall in prices, the recent finding by the CSE that honey is mixed with sugar syrup and sold as pure honey, does not bode well for the bee-keeping industry.
BUSINESS
Adulterated honey controversy: This is what brand experts say
While Dabur holds a larger market share in the honey market, there are competitors such as Patanjali, Baidyanath, Zandu, Hitkari and Apis Himalaya, with Marico’s Saffola being the latest entrant in the honey space.
BUSINESS
Worst is behind us, says HUL Chairman Sanjiv Mehta
HUL on October 20 reported a profit of Rs 2,009 crore in the quarter ended September 2020, rising 8.7 percent compared to Rs 1,848 crore in the same period last year.
BUSINESS
Restaurant association locks horns with food-delivery aggregators Zomato and Swiggy over commissions
Zomato and Swiggy say they have rolled out initiatives to support restaurants, which have been hit hard by the absence of dine-in customers. The restaurant association has dismissed these initiatives as hogwash and says the need of the war is to reduce commissions so that restaurants can keep their heads above water
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
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
Chicken biryani or masala dosa -- what did Indians order most during lockdown?
From groceries to medicines to food items, Swiggy StatEATistics report details what Indians ordered most when holed up at home due to coronavirus
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
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
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
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
AMFI March data: Liquid funds most hit; inflows into equity funds surge despite volatility
The suffering category was Hybrid schemes category. Within this category, Balanced funds' category registered outflows of Rs 1,515 crore and Arbitrage Funds saw a huge unprecedented outflow of Rs 33,767 crores in March.
BUSINESS
Mutual Funds Wrap: Industry gets a new player in the number one spot
Overall, assets under management grew to Rs 27.02 lakh crore in January-March 2020 from Rs 24.4 lakh crore in October-December 2019.
BUSINESS
Coronavirus lockdown | Zomato, Swiggy may soon deliver groceries at your doorstep
Considering the acute shortage of manpower due to the exodus of workers and travel restrictions during the lockdown, offline stores are finding it difficult to manage walk-in customers and home deliveries at the same time
BUSINESS
Welspun India bets big on flooring business
Welspun Flooring will offer stone polymer composite luxury performance tiles, carpet tiles and wall-to-wall carpets.
BUSINESS
Budget 2020 | AMFI hands over wishlist to Finance Ministry
"Some of the proposals are also aimed at bringing parity with comparable investment avenues, making mutual funds more retail investor friendly," said NS Venkatesh, Chief Executive Officer of AMFI.
BUSINESS
MFs stake in Yes Bank down to 5% in December; lowest since March 2005
According to the data on ACE Equity, mutual funds stake in Yes Bank fell to 5.09 percent as on Dec-end 2019, from 9.26 percent stake as on Sep-end 2019.
BUSINESS
Exclusive | L&T MF CIO Soumendra Nath Lahiri resigns
Lahiri managed 17 schemes (AUM Rs 30,844 crore) at L&T Mutual Fund.
BUSINESS
Are many investors discontinuing systematic investment plans of MFs?
Indian Mutual Funds have currently about 2.74 crore SIP accounts through which investors regularly invest in Indian Mutual Fund schemes
BUSINESS
SIPs plummet after SC, UIDAI disallow Aadhaar authentication for MF investments
Most fund managers agree that the mutual fund industry has witnessed drop both in terms of new SIP registrations as well as in the number of discontinuations
BUSINESS
Walmart India to open 5-7 stores in 2019, says CEO Krish Iyer
The company will be able to achieve its target of opening 50 stores by 2020
BUSINESS
Can HUL's GSK unit acquisition revitalise health drinks business
HUL, along with its formidable retail reach and marketing acumen, will bring new life in the heath food drinks segment, which is dominated by GSK's Horlicks and Boost
