'Private banks are well-placed to deliver good performance over the next six months.'
Nestle aims to shed the 'food and beverages company' tag; enters rapidly-growing petcare market in India
Coca-Cola's acquisition of British coffee chain Costa, its biggest acquisition of a brand in history, faces three challenges in India.
The cess levied on top of the maximum 28 per cent tax rate on petrol vehicles with capacity to carry 10-13 persons has been reduced to 1 per cent and the same for diesel vehicles has been cut to 3 per cent.
The city's Chhatrapati Shivaji Maharaj International Airport (CSMIA) has put in place all necessary measures to implement the health ministry's latest COVID-19 guidelines on international passengers arriving in India, the private airport operator said on Wednesday.
Lack of sleep affects your mood, brain performance, and overall health besides increasing the risk of many diseases like heart disease, obesity, dementia, and stroke.
Lata Alimchandani is the first Indian woman over 60 to complete the World Marathon Majors. She's also among the world's elite marathon runners in her age group. But she won't stop running.
Ordering groceries, vegetables and daily essentials is just a WhatsApp away as billionaire Mukesh Ambani's e-commerce platform JioMart taps into the popular messaging app to scale up online business in its fight for dominance in the giant Indian retail market with Amazon and Walmart-owned Flipkart. Ambani's twin children, Akash and Isha gave a preview of the ordering at Meta's second edition of the Fuel for India event on Wednesday. A new 'tap and chat' option allows users to order groceries through WhatsApp.
The introduction of the two new products is an indication of the importance of India as a market.
Hindustan Coca-Cola Beverages has moved the National Green Tribunal, challenging the order.
Simple ways to improve the functioning of your lungs.
Indra Nooyi, the former chairperson and CEO of PepsiCo, has said that she has "never, ever, ever" asked for a raise as she found it "cringeworthy" and cannot imagine working for somebody and saying "my pay is not enough." Nooyi, 65, who helmed the beverage giant PepsiCo for 12 years and stepped down as its chief executive officer (CEO) in 2018, has published a memoir 'My Life in Full'. Born in Chennai, she graduated from the Madras Christian College and studied management at the Indian Institute of Management (IIM), Calcutta before moving to Yale University in the US for a master's degree.
Iron-rich noodles and vitamin-rich beverages are some products launched by segment majors
Tata Cha has chosen Bengaluru for its first four pilots which include large format stores of 1,200 sq feet and kiosks which will be in shopping malls, IT parks and at prominent street corners.
Fire service officials and witnesses said the blaze broke out on Thursday evening and tore through the factory at the Rupganj area of Narayanganj.
From free salons to discounted room rates, hotels are offering it all.
The seeds of a potential turnaround were sown in 2016, when the firm began to revamp its portfolio to match changing consumer needs.
Giants like Pepsi and Coke are fast losing shelf-space to healthier, functional options.
Milk products and nutrition, the largest category that contributes nearly 47.6% to the company's top line, grew 1.6%
The studies that put Virat Kohli as the top brand now do not have Rohit Sharma in the Top 10. That will change quickly if he delivers the T20 World Cup next year or the ODI championship the year after.
Venkatesh Kini, business unit president, Coca-Cola India and South West, shares his plans with Arnab Dutta.
The 'buy-now, pay-later' (BNPL) juggernaut continued to roll on during the festive season with multiple players seeing disbursals grow by more than 100 per cent compared to Diwali last year. LazyPay, the BNPL platform of Prosus-owned payments major PayU, witnessed a credit demand increase of 300 per cent over the festive season last year, especially in segments like travel, food & beverages and entertainment. "We also saw an uptick of 70 per cent in user acquisition in the last two months.
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
Here's a Disneyland cocktail to mock your treasure hunt skills.
The Jammu and Kashmir administration is planning to set up India's best mythological theme park near the famous Vaishno Devi shrine in Reasi district and has sought investors for the project, officials said.
Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns, forcing it to downgrade India's GDP growth forecast for the full year to 10.5 per cent from 10.9 per cent, apart from pegging down stock indices valuation and earnings. In a detailed note on Tuesday, Goldman Sachs' house economists led by Sunil Koul said these record number of pandemic cases and a host of key states announcing stricter lockdowns of late have fuelled serious growth concerns, leaving investors worried about the risks to macro and earnings recovery.
Cola brands look for life in a parallel universe. Global majors Coke and Pepsi are going all out to stock up with health and nutrition offerings.
With a revival in demand and consumption, FMCG companies are looking forward to 2022 with positivity and hopes of sustaining a healthy growth trend across both rural and urban markets while gearing up to cater to the ever-increasing digitally active consumers and tackle the challenge of higher commodity prices. Health and wellness and convenience are going to remain key trends and FMCG companies are strengthening their core brands, driving premiumisation across their portfolios with targeted innovations as consumers are gravitating towards trusted brands looking for quality, purity and hygiene, in continuation of the trend that started since the pandemic last year. FMCG makers are accelerating digitalisation and are investing in building capability in e-commerce and Direct-to-Consumer channels, identifying it as a key vector of their growth as the threat of a possible third wave is still not away.
The firm has set its eyes on emerging categories such as juices and plans to develop a stronger total portfolio, participating across multiple categories.
With the number of coronavirus infections declining in the country, industry chamber FICCI has suggested the government to follow a graded approach in unlocking economic activities. The chamber has suggested opening up of economic activities depending upon the positivity rate of COVID-19 cases in that region or district. It has divided regions at four levels - minimal risk, low risk, medium risk and high risk. It has asked for opening e-commerce supplies for both essential and non-essential activities in all districts irrespective of the positivity rate, besides home delivery of alcoholic beverages, logistics, warehousing and all cargo movement.
This is the perfect time to do what you can to boost your immune system.
Mementos, the new brand, would be aimed at addressing the need for boutique luxury hotels across various destinations.
Discover a hidden gem in Mumbai where you'll find the city's best brownies.
Amid the ongoing festival season in the country, the hiring of gig workers has zoomed across sectors as the businesses have begun opening up leading to an uptick in consumer sentiments and rising pent-up demand, according to experts. "In the third quarter, with the onset of festive season, we are witnessing a 400 per cent spike in the hiring for gig workers. Earlier, in the first quarter of this year, as many businesses and companies were not operating at full strength, growth was muted. "However, things began picking up and became more promising from the second quarter, as the demand for gig workers across sectors grew," Taskmo, a subsidiary of Quess Corp, co-founder Prashant Janadri told PTI.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Experts feel that mall owners anticipate an increase in costs to the tune of 15-20 per cent annually, prompting a mixed response to the '24 hours' initiative. A mall owner said while the policy is good in spirit, implementing it would be a challenge as night shopping or eating out wasn't a habit in Mumbai yet.
Twenty-five years on, Coca-Cola is involved in a new search. Arnab Dutta reports.
Senior citizens of 75 years and above having pension income and interest from fixed deposit in the same bank would not be required to file income tax returns for the financial year beginning April 1.
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