Jiomart B2B is the latest among organised supply-chain companies to bite the bullet, shutting down its warehouses, and asking its employees to leave. Why are companies finding it difficult to sustain the supply-chain business? Experts point out that gross margins in supplying fast-moving consumer goods (FMCGs) are very low.
Fast-moving consumer goods (FMCG) distributors' association has written to the finance ministry, highlighting concern over fund utilisation and fund accumulation by quick commerce companies and deep discounting of goods on their platforms. According to a recent letter seen by Business Standard, All India Consumer Products Distributors Federation (AICPDF) noted that its analysis indicated that approximately 80 per cent of these funds were directed toward customer acquisition strategies instead of creating cutting-edge innovations or sustainable growth models for the retail sector.
The October-December quarter (Q3FY25) results of fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) indicated weak demand, with urban growth muted and rural showing recovery. Consolidated revenue grew by 1.6 per cent (volume was flat) to Rs 15,818 crore, due to price hikes. Prices of key raw materials such as palm oil and tea remained elevated, leading to compression of gross margin.
'I have been supplying meat to JNU for the last 25-30 years and never has it happened that I have been asked not to supply meat'
'He has been one of the clearest thinkers in the history of business.'
The Defa-e-Pakistan Council, a grouping of 40 radical groups cobbled together by LeT founder Hafiz Saeed, has warned that it will not allow even food supplies for NATO forces in Afghanistan to pass through the country.
The RBI on Wednesday slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers.
'The finance minister has done as much as she can when you look into the fiscal constraints she had.'
A 23-year-old man, identified as Afan, has been arrested for allegedly killing six people, including his 13-year-old brother, in Kerala. Police suspect that Afan was under the influence of drugs and have found evidence of drug use. The murders took place across three houses in the Venjaramoodu area near the state capital. Afan's mother, who survived the attack, is hospitalized. The victims also include Afan's grandmother, a young woman said to be his lover, his paternal uncle, and his uncle's wife. Police are investigating the motive behind the murders.
The Manipur government dubbed as untrue the claim by the counsel for the committee appointed by the apex court to oversee relief and rehabilitation of the victims of ethnic violence that the people of the state were suffering on account of an economic blockade.
The police have so far seized approximately 1,700 kg of mephedrone from Pune and a couple of locations in Delhi.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
'We request everyone to stop the war. The Israel police force will not be short of uniforms because of our decision. But this a moral decision. Bombing of the hospitals cannot be accepted... We have decided not to take further orders temporarily'
The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024. Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss.
Obama was responding to a question as to what his administration is doing to keep the ethanol plant.
Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody's Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary policy tightening.
A six-inch pipe has been laid at the Silkyara tunnel through which nutritious food and medicines could be supplied to the 41 labourers, trapped for over a week after parts of the under-construction structure collapsed following a landslide.
'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Positive macros - lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.
With the rapid evolution of channels like quick-commerce and the emergence of ONDC, the Indian retail industry is 'cautiously optimistic' for 2025, in which new-age technologies such as AI and automation will play a crucial role, driving efficiency and personalisation.
Israel's defence minister Yoav Gallant on Monday ordered a "complete siege" of the Hamas-ruled Gaza Strip, two days after shock attacks by the militant group killed more than 700 Israeli civilians.
Here is a list of items set to become cheaper and costlier.
As India faces slowing economic growth, HSBC Global Research has downgraded the Indian stock market outlook from "overweight" to "neutral". In a report, the global financial services firm said profits at India Inc appeared to have softened while valuations are elevated. After annualized growth of 25 per cent in recent years, profits appear to have softened while valuations are elevated at 23x forward earnings.
Pakistani gunman Ajmal Kasab has complained to the 26/11 terror trial court that food given to him in jail is laced with tranquilisers but medical experts have said there is no truth in his allegations, special public prosecutor Ujjwal Nikam said in Mumbai on Wednesday.
Maratha quota activist Manoj Jarange on Monday claimed Maharashtra minister Dhananjay Munde met him before the state polls last year along with his associate Walmik Karad, arrested later in an extortion case linked to the murder of a sarpanch.
Normal life was thrown out of gear in Kashmir on Saturday as most areas of the valley received snowfall, disrupting flight and railway operations and also leading to the closure of the Srinagar-Jammu National Highway, officials said.
In the wake of the mid-day meal tragedy in Bihar, the Centre on Thursday decided to constitute a monitoring committee to look into the quality of food supplied even as it said that it had issued alerts to 12 Bihar districts after shortcomings were found in implementation of the scheme.
The need for a manufacturing policy, reining in food inflation and raising investment in the country were among key suggestions given by economists who met Finance Minister Nirmala Sitharaman and senior ministry officials in the first round of pre-Budget consultations on Friday.
Beleaguered Maharashtra minister Dhananjay Munde resigned from the cabinet on Tuesday, days after his close aide Walmik Karad was named as the mastermind in the murder of a village sarpanch and three months after the new Mahayuti government assumed office.
The spike in food prices at the onset of the monsoon season has corroborated the Reserve Bank of India's (RBI's) view that the fight against inflation is far from over, the State of the Economy report of the central bank said. At the same time, the report said that the country is poised to become the fastest-growing major economy in the world, notwithstanding some sequential moderation in economic activity in June. Consumer Price Index (CPI)-based inflation rate increased to 4.8 per cent in June 2023, from 4.3 per cent in May, primarily on account of an increase in food inflation.
Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.
The newly-formed Delhi Cabinet in its first meeting approved the implementation of the Ayushman Bharat health insurance scheme in the national capital. The cabinet also decided to present 14 pending CAG reports in the first session of the assembly. Delhi Chief Minister Rekha Gupta said that the previous AAP government did not allow the health scheme in the city, preventing the people from availing its benefits.
The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.
'If it is not reversed, it will set a dangerous precedent.'
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
Local officials said no casualties have been reported due to Wednesday's quake that hit the Madoi County in Golog Tibetan Autonomous Prefecture of Qinghai province of northwest China at 3:44 pm (Beijing time), tremors for which were also felt in north-eastern Nepal.
Police are examining the past records of the arrested men in the sarpanch Santosh Deshmukh murder case and a related case of extortion to decide if the stringent Maharashtra Control of Organised Crime Act (MCOCA) should be invoked, sources said on Thursday. Maharashtra Chief Minister Devendra Fadnavis said he had requested senior lawyer Ujjwal Nikam to appear as a special prosecutor in the murder case. The Crime Investigation Department (CID) has sought old case papers and chargesheets against the arrested men. Deshmukh, the sarpanch of Massajog village in Beed, was abducted and brutally killed on December 9, allegedly for opposing an extortion bid by some persons who had demanded money from a windmill company. Beed Police has put up posters seeking information about whereabouts of three wanted accused in the murder case. CM Fadnavis said he spoke to BJP MLA from Beed, Suresh Dhas who demanded that Nikam be appointed as special public prosecutor in the case. Nikam was a special public prosecutor in several high-profile cases, including the 26/11 terror attacks and 1993 Mumbai bomb blasts. Congress leader Vijay Wadettiwar claimed that "smaller fish" could be killed in fake encounters to save the "big fish" involved in the Deshmukh murder and extortion cases. Leader of Opposition in the Maharashtra legislative council Ambadas Danve said the trial in the case should be conducted outside Beed district. NCP leader Dhananjay Munde, who has come under fire after the alleged involvement of his aide Karad in the extortion matter came to light, said those who murdered Santosh Deshmukh should be tried in a fast-track court and "hanged till death." The government on Wednesday set up a 10-member SIT to probe the case, headed by Deputy Inspector General -CID Basavraj Teli.
'The decision to supply free food grains is not an economically sound decision because the government will find it very difficult in future to charge anything for food grains.'
The Tirupati Laddu row intensified on Friday with the Tirumala Tirupati Devasthanams (TTD), which is managing the super-rich temple, backing Chief Minister N Chandra Babu Naidu's claim that the famous 'prasadam' had animal fat and Yuvajana Sramika Rythu Congress Party president Y S Jagan Mohan Reddy dubbing the accusations as 'atrocious'.
Amid opposition call for his resignation over the Beed sarpanch murder case, Maharashtra minister Dhananjay Munde on Wednesday said he is ready to quit if asked by Chief Minister Devendra Fadnavis or deputy CM Ajit Pawar.
Pankaja Munde of the BJP -- Dhananjay Munde's cousin -- has been made the guardian minister of Jalna district.
