JWT, Crayons in race for Congress account, BJP calls for a pitch.
Congress President Sonia Gandhi has been consistent in warning the party against high prices and has asked government leaders to act fast. She has been assured the inflation rate will come down to single digits from the current 12.14 per cent around November-December. Party sources say the recent blasts in Delhi will be one reason the elections may be called only in February.
While stable raw materials prices have spelt relief for most FMCG companies, they are still having a tough time in defining the future pricing strategy. Most have indicated that input costs have hit their margins, while others maintained that if inflation continued unabated, there would be a further correction in prices. Many FMCG companies have either raised prices or reduced the size of their products to combat the rise in farm commodity prices and packaging costs.
In what would be a significant boost to the domestic entertainment industry, the United States has been roped in as the partner country for the 2009 Ficci Frames - the annual global convention on the entertainment and media industry that is partly sponsored by the Ministry of Information and Broadcasting. It will be the tenth year of Ficci Frames next year.
Dabur's international business stands at around Rs 380 crore (Rs 3.8 billion), out of which Nepal accounts for Rs 40 crore (Rs 400 million), while Pakistan contributes around Rs 10-12 crore (Rs 100-120 million). However, the bulk of Dabur's international business comes from the GCC (Gulf Cooperation Council) countries and Africa.
The whole country broke into an impromptu celebration and by the evening, four state governments had announced cash rewards that added up to Rs 1.4 crore. Cash-rich BCCI also announced a reward of Rs 50 lakh for Bindra and Railway Minister Lalu Prasad issued him a lifetime AC first-class travel pass. Not to be left behind, budget carrier SpiceJet gave him free unlimited travel for life.
Monetary tightening by the Reserve Bank of India to control the sharp rise in prices has checked the march of Indian consumers up the consumer electronics value chain.
There was no applause for Finance Minister P Chidambaram when he spoke to Congress spokespersons summoned to Delhi by party president Sonia Gandhi to explain the economic issues of inflation management.
Finance Minister P Chidambaram today revealed that while he favoured tough administrative measures to control price rise, there was no unanimity on this issue in cabinet.
Price-wary customers, waiting for good bargains in the festival season this year, are likely to be disappointed.
this is not Orissa or West Bengal or Haryana or any other part of India where villagers are protesting against acquisition of farmland for industry or special economic zones. This is Mayawati's Uttar Pradesh -- where the chief minister wants around 400 hectares from four villages to create the mother of all gardens. The strategic location of the green belt, locally referred as "picnic spot", will ensure that Mayawati's farmhouse, which she hasn't visited even once, wil
With an aim to increase its exports business, biscuit maker Britannia Industries is betting big on new international markets.
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.
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.
Congress member V Kishore Chandra Singh Deo could occupy the Lok Sabha Speaker's chair in case Somnath Chatterjee opts to quit his post. According to top party sources, Singh Deo, who represents the reserved Parvathipuram constituency of Andhra Pradesh, has been considered the most appropriate Congress MP to replace Chatterjee.
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.
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.
The CD, which will have 1940s' film songs, will remind Pakistanis of undivided India and the undivided talent in the Bombay film industry. The first song is Jab Dil Hi Toot Gaya by Kundan Lal Sehgal from the film Shahjahan. The album signs off with the title track of Kabhi Alvida Na Kehna by Sonu Nigam.
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