While shares of top five foreign promoter-owned FMCG companies jumped 18.9 per cent, on an average, so far this year, the top five domestic FMCG players logged negative returns Written By Nevin John HUL is the most valued FMCG company in the stock market at Rs 4.5 lakh crore The stocks of domestic fast moving consumer goods (FMCG) companies are struggling on Dalal Street compared to its foreign peers, as demand slowdown has gripped rural and urban markets. While shares of top five foreign promoter-owned FMCG companies jumped 18.9 per cent, on an average, so far this year, the top…
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Written By Devangshu Dutta Retail is such a pervasive and dynamic a sector of the economy, that it is impossible to identify a single point at which modernisation began. I’ve met countless people who perhaps entered the (Indian) retail sector during the last 15 years, and who mark the beginnings of modern retail around then. There is no doubt that there has been an explosion of investment in retail chains in the last 2 decades, but we need to acknowledge the foundation on which this development is built. The current titans of the sector are standing on the shoulders of…
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Written By Meera Vankipuram Urban Ladder’s co-founder Rajiv Srivatsa quit last month BENGALURU : Urban Ladder Home Decor Solutions Pvt. Ltd, which owns online furniture retailer Urban Ladder, turned profitable in 2018-19 despite a slew of challenges, including top level exits and its inability to raise more funds. The Bengaluru-based firm reported net profit of ₹49 crore in 2018-19, on a standalone basis. For fiscal 2018, it suffered a loss of ₹118.66 crore. Its revenue rose 187% from ₹151 crore in FY18 to ₹434 crore this fiscal, showed documents filed with the Registrar of Companies, and accessed by business intelligence…
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Written By Editor All schools in India have been asked to set up “school nutrition gardens” by the central government. The gardens will have to be managed by the students, with the help of staff and teachers. The Ministry of Human Resource Development (HRD), which governs the education sector, issued guidelines for developing and maintaining kitchen gardens in schools in both urban and rural areas. The Government’s aim is to improve nutrition in schools, and also to connect children with the sources of food in an era of rapid urbanization and mounting environmental issues. However, some schools have already embarked…
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ndustry reports suggest that Italian cuisine is the second most popular international cuisine in India, after Chinese, due to the presence of several QSR chains. It isn’t, therefore, a surprise that companies like Del Monte want to ride this wave. Written By Devika Singh To boost growth, Del Monte has taken its offerings to smaller towns. But is the market ready for gourmet Italian food products? For long, Del Monte has had a B2B focus, mostly seen as an accompaniment to meals in quick-service restaurants (QSRs). The company now strives to remodel itself as a consumer brand by employing a…
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