Television as a category would see a lower rate of growth at 8% vis-a-vis 10% last year.
HUL, the country's largest FMCG company, saw sales volume fall by 4% for the December quarter.
The upgrade, said Icra, takes into account the "robust internal accrual generation, leading to low reliance on debt, as well as gearing levels, and strong debt protection metrics".
Effects of the new schemes launched under the Pradhan Mantri Awas Yojana would be felt more in tier-II and tier-III cities, as not many budget or affordable housing projects are in the works in metropolitan cities.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Looking for a way out, property developers deal in banned notes.
The first of a six-part series examines how the leather workers at Dharavi are coping after five weeks of demonetisation.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
Bali Padda will head the second-largest toymaker in the world.
Double whammy for consumer firms, where the top line will remain subdued due to demonetisation and margins will squeeze owing to a crude oil spike and rupee depreciation, reports Viveat Susan Pinto/Business Standard from Mumbai.
Ban on high-value currency sends advertising industry into a tailspin.
'As the world changes, we will be on a constant change programme too,' advertising agency J Walter Thompson Global Chief Executive Officer Tamara Ingram and South Asia CEO Tarun Rai tell Viveat Susan Pinto.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
At 9.5% of sales, Zara offers the best revenue share to Mumbai's posh Oberoi mall. This is the highest revenue share offered by any fashion retailer for an anchor position in a mall.
A Nielsen report found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai.
Modi's demonetisation move has hit the real estate market in Delhi and Mumbai
As PM talks of lower lending rates, housing companies prepare to cash in.
The group has tied up with property developer Ireo for an office complex and M3M Group for a residential project in Gurgaon
The reason for Trent's success is rooted in its slow and steady approach to expansion. Unlike others, Trent, led by Noel Tata, ensured that each store was profitable before it went on to the next, says Raghavendra Kamath.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
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