Page 21 - Sharleen Dsouza

Subhash Dandekar: The man who brought colour to the Indian masses

He took over Camlin from his father, Digambar Dandekar, who started the company in 1931 as an ink manufacturer and then also began selling office stationery

HUL to sell Pureit to A. O. Smith for an enterprise value of $72 million

The acquisition of Pureit is expected to close by the end of 2024 and is not expected to have a material impact on earnings in the first year, A. O. Smith said in its release

Budget 2024: FMCG sector seeks more spending in rural areas to push demand

Ahead of the Union Budget, the consumer sector is calling on the govt to enhance both rural and urban infra, create a more business-friendly environment, and prioritise measures to boost demand

Unilever job cuts: HUL to assess parent's global initiatives for its biz

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

Adani Wilmar to buy 67% stake in Omkar Chemicals, aims to expand footprint

AWL expects to close the deal in three to four months and it doesn't need government or regulatory approvals, it said in its filing

Results preview: FMCG firms likely to hitch a ride on rural uptick in Q1

Volume growth expected to witness a sequential recovery

Bigger, bolder labels: Companies look to put it back on FSSAI table

Industry executives say the transition to new nutritional labelling may have cost implications for companies as they usually have packaging stock for the next few months

Global firms are reducing sugar and salt in their packaged items in India

Experts say the standards for food and beverages vary across the world and India should have its own

Asset monetisation helped Reliance Industries create value: Morgan Stanley

Morgan Stanley said it has valued RIL's 66.43 per cent stake in digital investments at an implied EV/EBITDA multiple

Local beverages gain traction as consumer look to quench their thirst

Many regional brands were able to increase their penetration in existing markets and increase their market share

Titan launches first retail outlet for premium sunglasses in Bengaluru

The company estimates the Indian Premium Sunglasses market is Rs 800 crore with a projected CAGR of 10%

Retailers advance sales as customers stayed indoors in May to avoid heat

The mid-year end-of-season sales start typically mid-June and go on till the end of July. A few pieces go on heavy discounts towards the Independence Day weekend

Burger chains under pressure as local competition heats up: Liladher

This trend had earlier started in the pizza space as competition intensified there, and now the same is being witnessed in the burger space

India tech stack will help stimulate growth: HUL's Nitin Paranjpe

HUL executive chairman says FMCG continues to be strong in India

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Bankers said prospective bidders of the company do not want any confusion over the brand in future and have sought clarity over the usage of the brand

IAMAI, INS, ISA write to I&B ministry over self-declaration for ads

Seeks more time and request to postpone the implementation

Mondelez International teams up with Lotus to take bigger bite from India

Both companies said in a joint release that they will develop new chocolate products combining Biscoff taste and texture with Mondelez's Cadbury

Large food firms start biting back to win market share from smaller players

Small players typically enter the market when the commodity cycle enters into a downward territory and offer stiff competition to larger players with similar offerings at lower prices

Consumer mkt presents long-term structural opportunity: N Chandrasekaran

TCPL chairman says India continues to be a strong growth market

Digital platforms are now a crucial pillar for FMCG cos to advertise: Meta

Nielsen and Kantar report commissioned by Meta shows digital platforms' influence on FMCG companies' success