Written By Upmanyu Trivedi And Saritha Rai The two behemoths, owned by two of the world's richest men, Jeff Bezos and Mukesh Ambani, are fighting for a bigger slice of the Indian market. Supreme Court said Reliance cannot go ahead with a $3.4 billion deal to buy Future Group's retail assets. Mukesh Ambani's planned $3.4 billion purchase of an indebted retailer suffered a blow after Amazon.com Inc. won a court battle to halt the transaction, disrupting the tycoon's ambitions to take on the US e-commerce giant in the $1 trillion local market. On Friday, a two-judge bench of Supreme Court…
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Written By Nabeel A Khan India’s super-luxury car (priced above INR 2 crore) sales have apparently been on a growth trajectory for the past few years. The niche segment grew more than three fold from about 150 cars in 2018 to about 500 cars in 2020. But the overall volume of the segment remains too low to be significant. Though India is one of the countries having the highest number of millionaires in the world, it doesn't figure among the top 25 markets for such cars in the world. New Delhi: In the number of billionaires India is placed third…
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Devika Singh, Moneycontrol 29 June 2021 Post-COVID, the sanitiser market will shrink considerably and there will be room only for old trusted brands or bulk low margin suppliers, suggest experts. Every one in two urban households are now using sanitisers, as per data from Kantar. The pandemic has triggered a gold rush in the health and hygiene sector, particularly sanitisers – even if temporarily. A severely underpenetrated category in the pre-pandemic period, sanitisers have witnessed massive adoption amongst the consumers since March 2020. According to data from Kantar, annually, before the pandemic struck (March 2019 – February 2020) hand sanitiser…
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Written By Venkata Susmita Biswas There has been an uptick in the sales of robotic and upright vacuum cleaners in India Unlike the western markets, the penetration of vacuum cleaners remains negligible in India. Vacuum cleaners — one of the least bought consumer electronics products in India — saw an upsurge in demand in 2020. The burden of juggling household chores and office work due to the pandemic-induced lockdown, and a heightened sense of hygiene, has encouraged more Indians to invest in vacuum cleaners. Xiaomi launched its autonomous vacuum cleaner in India late last year, and Realme is set to…
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Written By DEVIKA SINGH The FMCG major in a presentation circulated internally has acknowledged that more than 60 percent of its products do not meet recognised definition of health. NESTLE USA - entrance to headquarters building with sign (Source: ShutterStock) Nestle The spectre of ‘unhealthy foods’ is back to haunt Nestle again, this time globally. One of the largest food companies in the world and the maker of popular brands in India such as Maggi and KitKat has been cast in a negative light after (inadvertently) admitting that it has a large share of ‘unhealthy products’ in its portfolio. If…
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