Unilever Plc, the FMCG major, has aggressively streamlined its product portfolio, emphasising approximately 30 “power brands” in its pursuit of growth under new CEO Hein Schumacher, who assumed the role in July. These power brands, including Dove, Lux, Pond’s, Surf, Sunsilk, Lifebuoy, Horlicks, Vaseline, Knorr, Rexona, Closeup and Pepsodent, signify the company’s targeted focus, as […]
The government is concerned about reduced rabi crop sowing potentially leading to heightened inflation prior to the 2024 general elections, especially with significant price hikes in cereals and pulses. As the rabi sowing nears completion, data from the agriculture ministry indicates a decrease in the area under wheat by 4 per cent, rice by 2 […]
Earnings for the Indian poultry companies improved in H1 FY2024 but commodity inflation could disrupt the momentum in H2, the rating agency Icra has said. The rating agency has maintained its revenue growth expectations at eight to ten per cent for the domestic poultry industry in FY2024. “This will be driven by significant volume expansion […]
Gold prices witnessed a steady outlook on Tuesday. The cost of 24-carat gold is Rs.6364.0 per gm. The cost of 22-carat gold is Rs.5835.0 per gm. The price change in 24-carat gold in the last week has been -0.96 per cent, whereas, in the previous month, it was -1.48 per cent. The cost of silver […]
With the ongoing wedding season at its peak, jewellery retailers have been witnessing strong demand, momentum and footfalls across their showrooms in India. And they are consistently focusing on capitalising on this demand. “We have expanded our market presence and customer share at a Pan-India level, garnering 35 per cent revenue growth in the first […]
The Tea Board India has issued a directive urging tea estates and small tea growers across the country to refrain from using chemicals or pesticides that lack a label claim for tea on their plantations. The directive, issued by Rajnigandha Seal Naskar, the Tea Board’s controller of licensing, on 21 December, specifically advises against the […]
For Indian micro, small and medium enterprises, this year is also ending on a mixed note as the industry is still facing massive delayed payments and debt issues. In 2023, with several government policies and industry support, the sector is still on the road to recovery after post devastating Covid-19 pandemic and major jolts from […]
India’s attempt to use the rupee for crude oil imports has not been given the desired outcomes, said the Oil ministry. The suppliers have expressed concerns about repatriating funds and high transactional costs. As per international trade practice, the default payment currency for all contracts for importing crude oil is the USD. However, to globalise […]
The rating agency Icra expects the margin for tea estates based out of North India (NI) to be significantly impacted in FY2024 due to the double whammy of increase in the cost of production, following the wage rate hikes in West Bengal and Assam and the drop in realisation due to the low export demand […]
As per a recent note on the Indian jewellery retail industry, Icra has revised upwards its forecast of the year-on-year (YoY) domestic jewellery consumption growth (in value terms) for FY2024 to ten to 12 per cent from eight to ten per cent estimated earlier, primarily driven by the rise in gold prices. Jewellery consumption is […]
