Himadri Buch

Assistant Editor

Moneycontrol News

Bee-keepers feel the sting of falling honey prices. Who’s to blame?

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.

Adulterated honey controversy: This is what brand experts say

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.

MDH’s Dharampal Gulati, the school dropout who became India’s highest paid FMCG CEO, is no more

BUSINESS

MDH’s Dharampal Gulati, the school dropout who became India’s highest paid FMCG CEO, is no more

His father founded MDH Spices in 1919. Dharampal Gulati turned it into a Rs 1,500 crore empire and along the way became a household name. He was said to donate nearly 90 percent of his salary, which stood at Rs 21 crore in 2017, to charity

Worst is behind us, says HUL Chairman Sanjiv Mehta

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.

Restaurant association locks horns with food-delivery aggregators Zomato and Swiggy over commissions

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

Pune-based direct seller clocks Rs 100 crore turnover in 100 days

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.

AMFI August Data:  MF industry registers total outflows of over Rs 14,000 crore; debt category hit the most

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.

Orkla’s acquisition of Eastern Condiments: Why has the spice market become so hot?

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.

Reliance Retail-Future Group deal: How will it benefit RIL’s consumer facing businesses

BUSINESS

Reliance Retail-Future Group deal: How will it benefit RIL’s consumer facing businesses

Reliance Retail will get the benefit of economies of scale. The products can be bought in large quantities and sold at competitive prices, and would see further improvement in margins due to improving scale.

How kirana shops are driving the cashless revolution in India

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.

These are the highest-paid FMCG CEOs in India

BUSINESS

These are the highest-paid FMCG CEOs in India

Sanjiv Mehta of Hindustan Unilever still tops the list. Marico’s Saugata Gupta gets the highest hike in FY19-20. We take a look at the salaries of the top executives of FMCG companies.

AMFI July Data: Most equity scheme categories saw outgo; all debt funds except credit risk schemes witnessed inflows

BUSINESS

AMFI July Data: Most equity scheme categories saw outgo; all debt funds except credit risk schemes witnessed inflows

The mutual fund industry recorded total assets under management (AUM) of Rs 27.1 lakh crore in July, higher than Rs 25.5 lakh crore in June.

Chicken biryani or masala dosa -- what did Indians order most during 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

Why HUL might not withdraw Fair & Lovely — nearly Rs 4,100 crore annual revenue from India alone

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)

Unlock 1.0 | Restaurants allowed to open from June 8, but will they?

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?

COVID-19 impact | Noodle makers ramp up production to meet growing demand

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.

RBI’s special liquidity facility for mutual funds: Will it boost confidence?

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.

AMFI March data: Liquid funds most hit; inflows into equity funds surge despite volatility

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.

Mutual Funds Wrap: Industry gets a new player in the number one spot

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.

Coronavirus lockdown | Zomato, Swiggy may soon deliver groceries at your doorstep

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

Coronavirus: India faces massive shortage of N95 masks, sanitisers

BUSINESS

Coronavirus: India faces massive shortage of N95 masks, sanitisers

The demand for protective masks and sanitizers in India has gone up significantly and with rising demand, the price of masks has shot up multiple times.

Welspun India bets big on flooring business

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.

Budget 2020 | AMFI hands over wishlist to Finance Ministry

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.

MFs stake in Yes Bank down to 5% in December; lowest since March 2005

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.

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