ETAM, the French lingerie brand that has a joint venture with Kishore Biyani's Future Group, recently pulled out of Palm Beach Galleria mall in Navi Mumbai, together with six other retailers such as grocery chain Foodland Fresh and Manoranjan sarees.
Unitech, the country's second largest property developer, has raised $300 million (nearly Rs 1,290 crore) from international investors for its $600 million global property fund.
Apparel, fast-moving consumer goods and healthcare retailers are all moving to their own brands to ease the squeeze on their profit margins. Till not so long ago, only a handful of retailers like Shopper's Stop had their own labels. Now, private labels have become core to every retailer's strategy.
Housing Development and Infrastructure, country's third largest listed realty developer, has forayed into entertainment, power, oil & gas and broadcasting, among others, either directly or by acquiring stake. The company recently acquired a 51 per cent stake in Broadcast Initiatives, promoted by Sri Adhikari Brothers. Sarang Wadhawan talks about his company's plans and projects in an interview with Business Standard.
The sharp rise in flexible packaging prices, thanks to the crude oil spiral, has become a new headache for fast-moving consumer goods (FMCG) companies.
Winds of change are blowing across the fast-moving consumer goods market.
In a clear indication of things to come, homegrown FMCG major Dabur India has decided to increase prices 5 per cent across most product categories to accommodate the sharp rise in the price of flexible packaging material made of polymers. This is the sharpest price rise effected by the company in eight years.
Liquor firms introduce innovative packaging to push sales and save costs.
Food and grocery retailer Subhiksha has taken the acquisition route to list its shares on the stock exchanges. The company wants to avoid an initial public offer in view of the turbulence in the capital market.
A day after the Reserve Bank of India (RBI) raised the benchmark repo rate and cash reserve ratio (CRR), leading property developers said they are mulling hiking prices of apartments and focusing on the affordable housing segment to counter the impact of a high interest rate regime.
Welspun USA's e-commerce plans comes at a time when only 3-5 per cent of home textile sales in the US is ordered over the Internet. The New York-based company is targeting the mid to upper end of the American home textile market, pegged around $15-17 billion. A couple of established retailers such as JC Penny have built the online retail model over the last decade.
After Singapore, Indian property developers such as Indiabulls Real Estate and Phoenix Mills among others are looking at London, German and Australian stock exchanges to list their property trusts there.
Cobra Beer owner Karan Bilimoria told Business Standard that he will introduce 500 ml cans across beer categories this year. However, he believes that packing beer in cans will be good for exports too. "I see a great potential in the canned segment. It will also help us export Cobra from India," he said. The company already has the required infrastructure to package India-brewed Cobra beer in cans at its Bihar brewery.
During May-June, sales of not only seasonal consumer goods such as ACs and refrigerators go up, but also with more and more families going abroad for holidays, there is a surge in sales of cameras and camcorders and even laptops, according to industry observers. While Reliance Digital is offering value for money combo offers on cellphones to laptops and televisions.
The rise in raw material costs has caused a 10 per cent increase in the retail prices of fast-moving consumer goods as companies are passing on the rise in costs.
In a move to focus on its core FMCG strength, the Burman family, promoters of Dabur India, last week announced their exit from the pharma business.
The UK's Marks & Spencer (M&S) has plans to position itself as a mid-market mass retailer in India and is eyeing a chunk of its revenues from India in the next few years. M&S has severed its partnership with Planet Retail and has entered into a deal with Reliance Retail. Its existing stores will be absorbed in the current partnership eventually. M&S will be positioned as a mid-market retailer in India. It chose Reliance as it moves quickly in its line of businesses.
Gagan Banga talks about how one of India's largest NBFCs still retains the financial discipline of a start-up.
Miguel A Torres, president, Torres group of companies, has his friendly, blue eyes fixed on the bubbling market. "We will invest $1 million to hire more people and expand to other parts. We have already invested the same over the last six years," he says. Torres produces red, white, sparkling, and dessert wines, ranging from single vineyard to mass-market brands.
All major players in the Rs 1,200-crore (Rs 12 billion) ice cream market are set to adorn a health-oriented look this year by offering more such products. Amul has already launched probiotic health and wellness ice creams and is also offering sugar free variants. Mother Dairy has decided to expand its naturally flavoured offerings along with its new packaging. HUL introduced Moo ice cream under the health and wellness umbrella. Aavin has also launched a low-sugar ice-cream.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances