Like other food and grocery chains, Birla Retail is aggressively pushing its private labels and large packs to woo customers. Besides offering value, private labels push retailers' margins.
Tribunal ruling in I-T's favour may open floodgates to claims against other MNCs.
The production of durable products (refrigerators, washing machines, air conditioners and conventional television sets) is contracting in India, according to new data released last week.
The last one year has been hectic for Dutch major Philips.
Harpreet Singh Tibb has worked at the largest fast-moving consumer goods company in the country, Hindustan Unilever.
As urban shoppers tighten their belts, companies are betting on rural consumers and smaller packs to fire up sales.
Land parcels acquired for 58 new projects, which are yet to be launched.
The attempt is to maximise revenues at a time when advertisers are increasingly demanding greater bang for the buck.
In January, consumer price index-based inflation rose for the fourth consecutive month. It stood at 10.78 per cent, against 10.56 per cent in December.
Fast growth in organised retail and opening of new malls and stores have raised attrition levels at the shop floor to alarming levels of eight per cent a month, or 96 per cent a year.
They plan to cut shop sizes and look at opening standalone stores after years of losses.
Mounting debt, slowing sales, and rising inventory were at the heart of HDIL's woes.
Industry estimates R-Day sales are eight times the usual for big retailers.
Volume growth, a key metric for most consumer companies, was down to five per cent for HUL in the third quarter from almost 9-10 per cent a year ago.
Hindustan Unilever, the FMCG major, has posted disappointing numbers for the December quarter on weak consumer sentiment, specially in discretionary categories.
The retailer is looking at a break-even this year.
With just a few organised players such as KB Exports, Freshtrop and Maha Anar in the segment and the vast export potential in western Europe and central Asia and the increasing demand in domestic markets, InI Farms is already a focus area for investors such as Ronnie Screwvala's Unilazer Ventures and venture capital fund Aavishkaar.
The company has commissioned an investment of close to Rs 1,000 crore (Rs 10 billion) over the next five years.
Hardcastle Restaurants to pay royalty of 8% of net sales by 2020, against the current 3%.
Mukesh Ambani-led Reliance Industries Ltd wants to merge four of its associate companies in real estate with its main property development subsidiary, Reliance Commercial Land and Infrastructure Ltd, under the scheme of amalgamation proposed before the Bombay High Court.
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