Dabur India has started the process of identifying local substitutes to Chinese products.
The company is expecting to attain its peak capacity by September, just before the festive season starts as the sales are gradually increasing due to various factors, including opening of markets with reduced restrictions and pent up demand.
Customers can buy the products virtually if they do not want to step out of their homes.
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.
Realty firm Godrej Properties on Monday reported an 11 per cent increase in its sales bookings at Rs 5,915 crore during the last fiscal year despite a slowdown in residential real estate.
When it looks like the world is falling apart, these level-headed corporate honchos are visualising a better future and putting their money in the business that they best understand – their own.
ITC has cut the price of a 55ml bottle of hand sanitiser from Rs 77 to Rs 27
After a little more than a decade, IKEA has probably understood one thing about India – it needs to be flexible to do business in a nation with 1.3-billion population.
Nielson data found that categories with a high contribution of small packs have seen decline in sales compared to last year.
The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers.
Talking about the FPI, he said, “Maybe it was best if it is never done but now that’s done and gone. Now we do not need to correct the situation and then we have to see whether the economy picks up.”
The Godrej group firm, which aims to be among top-three appliance makers in the country, is expanding its product portfolio and has plans to make foray into segments such as air coolers.
Adi and Nadir Godrej want to use the whole of the land which the group also showed as its intent a few years back but cousin Jamshyd Godrej doesn't want the land to be excessively be developed commercially.
The group is intertwined as most family-owned businesses in India have been since their beginnings. The differences have emerged as the family grew in size, and the younger generation joined the ranks where their leadership styles differed.
Godrej Locks is looking to tap the real estate sector, hotels, hospitals in India, while expanding its reach in international markets simultaneously.
He explained that there are a lot of government rules, which only allow marketing under certain conditions.
The JV would develop, lease, and manage around 1 million square feet of prime office and retail space on the 4-acre property.
It has also picked up minority stake in Goa's retail chain Magsons group, for an undisclosed amount, as part of its expansion strategy.
GCPL is reportedly exiting the baby care space after 15 years.
Revenue increased around 16 percent YoY and earnings before interest tax and depreciation improved around 17 percent.
Every great Indian family has a fable for succeeding generations of consumers and stake holders. Here’s the story of the House of Godrej.
The anticipated aquisition of a stake in Ruchi Soya could provide Godrej Agrovet's palm oil business significant expansion opportunities. Though EPS dilutive in the short run, we see significant synergies to flow in from the deal in the longer run.