A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
Steel, cement, aluminum, fertilisers, tractors, two-wheelers, beverages and carbonated drinks, tyres and FMCG could see demand back to near normal levels by the third or the fourth quarter of the financial year, or even earlier.
Congress general secretary and chief spokesperson Randeep Surjewala claimed a clear message has come from the House today that if people want relief from 'severe unemployment, extreme inflation, falling incomes and extreme poverty', then the Bharatiya Janata Party 'will have to be defeated' in the elections.
Johnson Controls-Hitachi, Voltas, Blue Star, Whirlpool recently recorded new 52-week highs but still haven't lost their steam
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
To help the country emerge as a true welfare State, political parties must put the country's interests first before strategising to win elections and short-term goals, argues Ramesh Menon.
Sasha Chhetri, the Airtel 4G girl, is a better known face across India than most Bollywood starlets, says ad guru Sandeep Goyal.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Consumer durable makers like Sony, LG, Panasonic and Whirlpool are expecting up to 35 per cent growth in the upcoming festive season and are pulling out all stops as the sector eyes a rebound from a prolonged slump.
Bharti Retail on Friday announced appointments of former head of Walmart India Raj Jain as its CEO and Pankaj Madan, another senior executive of erstwhile joint venture Bharti Walmart, as Chief Financial Officer.
V-Mart, Manaksia, Whirlpool Global and few other companies posted better third-quarter results.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Consumer durable firms, including Haier, Whirlpool, Panasonic, Godrej Appliances and Daikin, are increasing prices of their products by up to 5 per cent following the withdrawal of excise duty sops, coupled with high input costs.
With consumers staying indoors and e-commerce firms extending their reach to a larger number of pin codes, these giants have snatched a larger share from the offline traders this season.
The Drifting Canvas, a multimedia art exposition that is coming to India for the first time with digitised and animated works of 19th and 20th century artists, is offering a unique, immersive experience of art.
The festive season, which usually starts from September, is when 35 per cent annual sales get transacted for most durables firms.
The October Joy of Giving week Charity Auction of an exclusive private coaching camp with Sachin Tendulkar on eBay India (www.ebay.in) has successfully closed at Rs.12, 00, 000, the most expensive transaction on eBay India till date.
The Rs 30,000-crore consumer durables market is expected to rake in more money this summer on the back of rising mercury levels.
Sensex lacklustre, bluechips in focus.
The pandemic is taking a deep, emotional, scarring toll. Will we survive, asks Shruti Vyas. If we do, will we be the same?
Haier Appliances (India) Pvt Ltd, a wholly owned subsidiary of Chinese white goods major Haier Technology, is planning to enter the Indian market in a big way by launching models across various product categories.
This year, leading companies such as Samsung, LG, Haier and Whirlpool are launching a slew of products to push sales during the festive season, minus the discounts.In the previous years, the focus during the season was to create excitement around promotions, discounts and the free gifts. This year, the industry seems to be counting on shifting the focus to the new products being launched in the market, with a view to provide more value-added options for the consumer.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
'As his close associate Som Pal told me, "Mandal was never V P Singh's brainchild. It was a Janata Party commitment he inherited".' 'He would have done it anyway at some point, but the specific timing of his decision was dictated entirely by political exigency -- his government was threatened.' 'It also turned out to be a game changer in Indian politics.'
Party says that on one hand, the Maharashtra government was offering full security to Ghulam Ali and on the other, BJP leaders are asking Shah Rukh to go to Pakistan.
Sales of refrigerators were higher this year versus last year.
Anticipation of weak sales this festive season due to deficient monsoon, especially outside big cities.
'The mobilisation is nothing but a political ploy -- a sort of a fixed match between Hindu and Muslim communal forces, towards polarisation, in a run-up to the next election,' argues Mohammad Sajjad.
'There are more young people in Assam who are unemployed than possibly anywhere else.'
Analysts attribute this outperformance to the government's proactive economic reform measures
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
As the rupee continues its freefall against the dollar, cars, TVs, washing machines and other home appliances are set to cost more with companies set to hike prices to offset impact on their margins.
Fridge, washing machine, and paint makers are expected to cut prices shortly, while TV, aircon, and sanitary napkin makers are a disappointed lot
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Consumer Electronics and Appliances Manufacturers Association Consumer has also welcomed the move saying the it would improve the sentiments and strengthen the growth.
Makers of air conditioners, beverage and ice-cream are hopeful of a boost in sales
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