FMCG major Dabur India has decided to hold back the expansion plan of its newly launched retail arm with an aim of capitalising more from further downslide in retail rentals that the company is expecting.
Ola wants to be India's answer to Grab, which is into everything, starting from cab service and logistics to bike taxis and food and grocery delivery.
The BSE Mid-Cap index was currently down 1.25%
The company now plans to bet on health sciences, skin care and specialised products, says Arnab Dutta.
To shed its mass market tag, Dabur to focus on health juices rather than fruit drinks. While the pharma sector in India may be looking up, for the Dabur Group, the move is in line with its desire to maintain a strong foothold in the FMCG sector that is poised to grow by 16 per cent this financial year compared to the 12 per cent growth rate in pharma.
As developments in modern retail begin to live up to the hype, a number of conflicts have started to emerge.
This comes in the wake of allegations of financial irregularities by the erstwhile management led by Harish Moolchandani.
India on track to be third largest consumer economy by 2025.
In what is seen by many as a succession plan, Rishad Premji, eldest son of Wipro Ltd chairman Azim Premji, has joined the IT and FMCG major as a business development manager in a low-profile entry.
After nearly 50 years, an expatriate returns to the top job in FMCG major Hindustan Lever Ltd, which on Friday announced the appointment of Douglas Baillie as Managing Director and CEO with effect from March 2006.
Though FDI inflow has been on the rise in the past three years, it is mostly on account of services
The Sensex ended up 244 points at 28,504 on strong global cues.
Vasudeo Joshi, Head of Research of Man Financial, states his favourite picks from the midcap space.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
The problem, say experts, is not so much the use of plastic as the lack of effort to recycle and reuse it.
Nestle's Maggi 'shock therapy' worked. Nestle probably required such shock treatment as the June 2015 ban on Maggi noodles to jerk it out of its ennui, suggests Suresh Narayanan, now chairman and managing director of Nestle's India business.
Retail, logistic, educational services and fast moving consumer goods and durables alone will add around 1.66 lakh, 1.49 lakh, 1.17 lakh and 1.10 lakh jobs respectively.
Homegrown FMCG major Dabur India on Wednesday outlined a four-year business plan involving an aggressive expansion strategy in the domestic and foreign markets, including new product launches and acquisitions
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
The country is likely to see high growth in the job market as 70 per cent employers plan to expand their team, a recent survey said.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Amid a slowdown in car sales, Maruti Suzuki India on Saturday said it will foray into the light commercial vehicles segment, 30 years after an initial plan was shelved when the company started operations.
With one of its members, Pradip Burman, being named as an account holder in a foreign bank in the black money issue, Dabur India promoter family, Burmans on Monday said the account complied with all legal requirements.
He is a member of the Board of Directors of Whirlpool Corporation, Pearson and Qualcomm Incorporated.
Expressing concern over the growing menace of counterfeiting, various sectors of the industry demanded high priority to issues of Intellectual Property Rights and speedy trials and better conviction rate for the related offences.\n\n\n\n
It will be available in 42 languages, including six Indian languages - Hindi, Bengali, Tamil, Kannada, Gujarati and Marathi.
Overall expenses in Q1 stood at Rs 6,466.52 crore (Rs 64.66 billion), as against Rs 5,789.88 crore (Rs 57.89 billion) in the year-ago period.
Almost 53 per cent of the companies covered by the survey felt that high cost of credit was creating a problem for India Inc.
Only Hindustan Unilever and Nestl bucked the trend.
Mankind has presence in Sri Lanka, Myanmar, Cambodia, Kenya, Uganda, Zambia and Tanzania.
Soon after diversifying into FMCG business, Ajanta on Thursday said it would set up a manufacturing unit in Himachal Pradesh and aims for 50 per cent rise in turnover from its new venture to Rs 120 crore this fiscal.
'In the lockdown, family viewing became even more important.' 'Kids saw adult content and adults saw a lot of kids content.' 'The audience is no longer just the housewife, but the whole family.'
