Sesa Sen, NDTV Profit 16 September 2024 As India's economy grows and digital technologies reshape consumer behavior, the future of kirana stores—the quintessential neighbourhood grocery shops—hangs precariously in the balance. These soap-to-staple sellers, once impervious to change, now confront an existential threat from quick commerce players like Blinkit, Instamart, Zepto, and from modern retailers such as DMart and Star Bazaar, raising a pivotal question: Can kiranas survive the pressure of change, or will they die a slow death? The All India Consumer Products Distributors Federation, that represents four lakh packaged goods distributors and stockists, has recently raised alarms, urging Union…
Priyamvada C., Mint 16 September 2024 When the late George Fernandes, the industries minister in the short-lived Janata Party government of 1977, issued a diktat to multinational corporations Coca-Cola, IBM and AstraZeneca to dilute their stake in their wholly owned subsidiaries to 40% in favour of Indian shareholders, Coca-Cola and IBM chose to exit India. Later, during P V Narasimha Rao's proliberalisation government in 1993, Coca-Cola returned. It bought out Ramesh Chauhan's Delhi Bottling Company and Coolaid, the bottling companies of five carbonated drinks, in 1998. With Coca-Cola India now said to be evaluating options to list its wholly owned…
By Richa Naidu and Dhwani Pandya, Reuters London/Mumbai,12 September 2024 For years, the world's biggest condom maker Reckitt Benckiser designed products and marketing to lure Indian men to its Durex brand. Now, it is pushing a growth strategy by betting on women and rural consumers. India last year surpassed China to become the world's most populous nation, but still fares poorly on the use of contraceptives. India's government estimates only around 10% of men use condoms and for women, sterilization remains the popular form of contraception. Social stigma surrounding sex - which some say stems from Victorian social norms established…
MG Arun, India Today Aug 31, 2024 Nearly five years after the Centre brought in norms to rein in multinational e-commerce companies operating in India, Union commerce minister Piyush Goyal sparked fresh controversy by raising concerns over the rapid expansion of e-commerce. He also drew attention to the pricing strategies used by some e-commerce firms, questioning what he termed “predatory pricing”. “Are we going to cause huge, social disruption with this massive growth of e-commerce? I don’t see it as a matter of pride that half our market may become part of the e-commerce network 10 years from now; it…
In a startup world, founders are typically creators first while investors see themselves as the monitors. Therefore, conflicts between the two are almost a default feature of a relationship that in effect funds a dream. From ‘off’ chemistry to differences of opinion to what some founders see as shackles on entrepreneurial freedom, the reasons could be any or a mix of all. Watch this discussion, with a mega-panel of intense start-up founders on the one hand and investors with VC funds on the other, addressing the pain points on Cash, Control, Creativity, Chemistry and Culture in a supercharged encounter. Session…
Conflicts between founders & investors could be due to ‘off’ chemistry to differences of opinion to shackles on entrepreneurial freedom. Watch this discussion on how they walk the tightrope:
#D2C #directtoconsumer #India #retail #ecommerce #VC #startup
Experts said there is a trend of consumer giants spinning off their units to optimise their balance sheets, go asset-light and focus on their core brands and business models. #India #FMCG #FoodandBeverage #CocaCola #IPOListing #strategy
Japanese apparel major #Uniqlo's sales growth in India slipped by more than half to a still-strong 32% last fiscal year while its net profit expanded by 25%.
@FaiHaider @devangshu
#fashion #India #growth
"Focus on store productivity usually happens in cycles...if some of the stores are unviable, then management teams are now highly objective and will shut stores." @devangshu @SagarMalviya_ET @RicaB_ET
#India #retail #reliance #RelianceRetail #productivity
