Polling of Indian consumers and business leaders reveals that 83 per cent of consumers consider a company’s purpose when making a purchasing decision and that 83 per cent will abandon a product or business acting inconsistently with its purpose – a sign that consumers have lost patience with organizations that do not follow the principles […]
The Centre has directed enterprises to include all necessary notifications, including MRP, on the outer pack of commodities that comprise more than one pack, including gift and multi-piece packs. According to the Consumer Affairs Ministry, it will be needed for all retail commodity packaging having more than one pack, including gift and multi-piece packs. According […]
Philips said on Monday that it will cut down 6,000 jobs across the globe after the losses caused by a massive recall of faulty sleep respirators. The company announced a global recall 2021 of its appliances to help people suffering from sleep apnoea. And due to this recall, Philips revealed net losses of 105 million […]
Union Budget 2023 is presented on 1st February, is less than 10 days away, and all the sectors, especially the consumer goods/FMCG companies, are eagerly awaiting to see the possible new initiatives that the FM will announce to boost consumption and drive growth in the sectors. Rural markets continued to pull the FMCG sector down, […]
Bikaji Foods International recorded a Profit After Tax (PAT) of Rs.3,169.39 lakh for the fiscal year (FY) 2023’s third quarter (Q3). The PAT margin grew to 6.2 per cent in Q3 FY22, up from 2.4 per cent in Q3 FY22. “Taking the lead from the previous quarter, we have seen an increase in our revenue […]
The Yogi Adityanath-led Uttar Pradesh cabinet has approved the new excise policy, in which the license fee of liquor and beer shops has been increased by 10 per cent. The decision was taken at a Cabinet meeting held on Saturday. The government has set a target of raising revenue of about Rs 45,000 crores from […]
PhysicsWallah, an online ed-tech platform that provides an affordable and comprehensive learning experience to students has partnered with Unicommerce to ensure the seamless delivery of study material. In its endeavour to provide a great learning experience to students and incorporate technology in the education system, the company has integrated Unicommerce’s Order Management and Warehouse Management […]
Unilever appointed Hein Schumacher as its new Chief Executive Officer, the company said in a press release, adding, following an extensive, global search process. Hein will replace Alan Jope, who announced in September 2022 his intention to retire from Unilever. Hein is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became […]
Beauty, a subjective term for many, but an exponentially growing business for others, is emerging as the centre of attention for investors in the past few years. Owing to the media portals, especially digital media across Instagram and Facebook, beauty (makeup and cosmetics) alongside personal care and skin regimes has caught traction. The segment is […]
Delhivery has grown its involvement with several D2C businesses, including The Souled Store, a casual apparel brand, and Nestasia, a home-decor firm, the company said in a regulatory filing on Monday. While Nestasia and The Souled Store employed Delhivery’s express parcel services at first, both now use Delhivery’s enormous warehouse network and supply chain skills […]
