ITC has introduced differentiated cigarettes like Gold Flake Indie Mint, Gold Flake Neo and Classic Rich & Smooth in the premium end. Godfrey, too, introduced flavoured variants like Four Square Clove Crush in the mid-tier segment and has seven variants of the Marlboro brand for India.
While the American Club Cool Fresh Taste saw the minimum hike of 10 per cent, from Rs 200 to Rs 220 for a pack of 20 cigarettes, the price of Navy Cut Filter rose by about 16 per cent, at Rs 80 for a pack of 10 sticks. Flake Filter has become costlier by 14 per cent at Rs 80, while prices of Flake Special Filter, Flake Blue Special Filter and Wave Cool Mint rose by 20 per cent.
Nearly all FMCG companies like Marico, HUL, ITC and the rest have been indicating that the operating environment has been challenging, with drop in consumption, especially in rural areas, severe crunch in market liquidity conditions, and disruptions and floods in several parts of the country. To overcome this, they are boosting their direct reach in the countryside.
The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies.
'When violence spread, it looked as if Mamata was losing control, but soon, she was able to contain the situation.' 'Now, the TMC stands to gain the most.'
BJP leaders in the state are either lying low or criticising the CAA move in hushed tones. Chandra Kumar Bose, vice-president of the BJP's state unit, is most vocal with his opposition to the Act in the current form. "The country is above petty party politics. How can I keep quiet when I see that something is happening which is wrong in its current form?" Other party leaders aren't as vocal as Bose but clandestinely have been questioning the merit of the CAA and its impact on the BJP's prospects in the state. In fact, at a time when the BJP started making deep inroads in the state, the fear of the CAA and the NRC appears to be ruining its prospects.
The World Bank report said Brand Northeast would build on elements such as healthy living, environmental sustainability, social responsibility, service orientation, among others.
The family that used to make the legendary sports car wants to bring the same design panache to luxury flats.
The company believes that Protinex's current powder form limits the scope of expanding the business and hence, diversification into new categories is essential for its growth.
Under the trade agreement between India and Iran, the West Asian country can pay India in rupees for its imports against oil exports to India, which New Delhi pays for in Iranian rial.
Kolkata sheds its white-blue nocturnal hue with pink ball day-night Test.
A dedicated jazz club is just what Kolkata needed to get things going. And Skinny Mo's has announced its arrival to the enthusiastic city.
Firm is conducting feasilbility studies on setting up units in 40 countries, will take final call based on global fallout of trade spat.
The announcement evoked a sharp response from the UK and Ireland's largest trade union, Unite, which said it would fight for every job and demanded that there would be no compulsory redundancies from Tata Steel.
The company plans to collaborate with stopover management consolidators, who will participate in the bids to develop food courts and rest areas along the highways. Such stopovers will house multiple restaurant brands, reports Avishek Rakshit.
The haircare brand, acquired for Rs 330 crore, fetches HUL around Rs 400 cr of revenue annually.
The escalating trade war between China and the US could be an opportunity for India.
The company's planned capex for 2019-2020, which was Rs 12,000 crore, has now been revised down to around Rs 8,000 crore.
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
Madhu Jayanti's Rs 55-crore packet tea business so far is only in Maharashtra and Karnataka. After Eveready's tea business buyout, MJIL's tea production in India will increase from 2.4 million kg to 6.2 mkg and its income from branded tea sales will rise 53 per cent to Rs 198 crore this fiscal year itself. It will also be available in 14 states.
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