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India Inc turns IT centric, hires more tech workers

October 29, 2023 12:34 am

Most companies in India today, in whichever sphere they operate, are beefing up their IT capabilities. Banks have been compelled to do so as customers prefer transactions on the app or online.

For India Inc, climate change is the new single biggest business risk

October 06, 2023 4:15 pm

From carmaker Hyundai to skincare company Emami and PepsiCo bottling firm Varun Beverages, unseasonal showers in summers, irregular weather patterns, and diverse rainfall patters – or climate change, in general – have started impacting the bottom line of India Inc.

FMCG firm Onest Ltd files IPO papers with Sebi

July 31, 2023 2:11 pm

FMCG firm Onest Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

From phones to cars, premium segment rakes in the numbers

May 16, 2023 9:28 pm

Those analysing trends in the market and economists suggest that this may be an indicator of the widening inequality that has marked the post-pandemic recovery process.

FMCG industry hopes to recover lost volume, margins in 2023; to shrug off shrinkflation

December 28, 2022 9:44 am

FMCG companies are "cautiously optimistic" and expect the rural market, which accounts for more than one-third of the overall sales, to bounce back in 2023 riding on a good harvest season, government impetus, and improvement in farm income.

ITC will continue to deliver robust growth: Puri

July 20, 2022 4:43 pm

ITC launched 110 products during the year, CMD of ITC Sanjiv Puri said, adding that the company's future-ready and purpose-driven businesses and brands are well poised to seize the opportunities and make a meaningful contribution to the national priorities.

ITC FMCG business' annual consumer spend over Rs 24,000 cr in FY22

June 22, 2022 9:45 pm

ITC portfolio of "over 25 world-class Indian brands, largely built through an organic growth strategy in a relatively short period of time, represents an annual consumer spend of over Rs 24,000 crore and reach over 200 million households in India," the annual report said.

Inflation up, FMCG firms hike rates, cut pack volume and weight

May 19, 2022 10:33 am

The companies will have to display prices per gram where net weight is less than one kilogram, and per kilogram where net weight is more than one kilogram; per millilitre where net volume is less than one litre and per litre where net volume is more than one litre, enabling consumers to better compare non-standard pack sizes.

Rural trend for FMCG companies: Sale value up, but volume down

February 08, 2022 7:49 am

Hindustan Unilever chairman Sanjiv Mehta pointed out in the October-December earnings call for the country’s largest FMCG company that despite a negative volume growth, value growth was actually positive.

COVID-19: FMCG cos launch special insurance schemes for frontline workers

April 27, 2020 8:01 pm

The companies have tailored special schemes in collaboration with many insurance firms to keep people involved in its supply chain motivated so as to ensure supply and availability of their products in the market during the health crisis.