Page 4 - Sharleen Dsouza

Companies expect demand boost after 10% GST cut on AC, TV, dishwashers

Electronics and appliances industry may close the year with 20% growth, says one executive

FMCG companies to benefit as GST slashed to 5% on key daily essentials

GST on FMCG items including soaps, shampoos, biscuits, jams and noodles has been reduced to 5% from 18%, a move expected to spur rural demand and improve liquidity

IBA asks finance ministry to reduce GST on aerated beverages to 18%

The Indian Beverage Association has written to the Finance Ministry seeking a GST cut on aerated drinks to 18%, citing Rs 85,000 crore investment, job creation and rural demand

RCPL's ₹1 trillion revenue goal seen as huge value creator: Brokerages

During her speech, Isha said that Campa Cola now holds double-digit market share across many states, breaking the 30-year multinational company (MNC) duopoly

Reliance Retail confident of 20% revenue CAGR over 3 years: Isha Ambani

Isha Ambani says Reliance Retail will expand offline, online, and B2B channels, adding 2,000-3,000 stores annually

Ridicule vs rivalry: Apple, Samsung cry foul over Xiaomi's ambush ads

Legal experts point out that while ambush marketing is legally permissible, it cannot cross into unfair ridicule

Sweets and namkeen makers ask for GST reduction to 5% citing jobs, margins

In its note, the federation said that these changes would reduce litigation, stabilise margins, boost employment and align with India's ambition of becoming a global food hub

Drop carbonated drinks from sin goods category: beverage industry to govt

Currently, aerated beverages are classified as sin/demerit goods, leading to 40 per cent taxation (28 per cent GST and an additional 12 per cent compensation cess).

Apparel makers urge govt to fix 5% GST on all garments, end duty issues

The apparel industry has sought a flat 5% GST across all garments to prevent under-invoicing, grey market activity, and inverted duty structure under the proposed GST reforms

GST reforms: FMCG distributors write to FM, flag supply-chain risks

Request for guidelines for smooth transition

HUL appoints Niranjan Gupta as CFO-designate, effective September 1

Ritesh Tiwari will take over as Unilever's global head of M&A and treasury from November 1, while Niranjan Gupta returns to HUL as CFO-designate and management committee member

Cola giants PepsiCo and Coca-Cola increase volume on select packs

PepsiCo India and Coca-Cola India boost volume on select packs while maintaining prices, ahead of the festive season and amid rising competition, say industry sources

Reliance Consumer Products acquires majority stake in Naturedge Beverages

Its flagship offering, Shunya, is herb infused functional packaged beverage with zero-sugar and zero calories and has Indian herbs like ashwagandha, brahmi, khus, kokum and green tea

Air conditioner, TV makers upbeat about sales amid signs of GST cuts

Consumer durables firms expect GST cut on air conditioners and large TV panels from 28% to 18% to lower prices, spur festive demand and improve sales in a price-sensitive market

PM's I-Day speech: GST relief, job push may serve up growth for FMCG firms

FMCG companies expect a consumption boost as PM Modi announces job creation scheme and GST reforms, which are set to ease financial burdens and stimulate demand, particularly in urban markets

Retailers, online firms may score big over Independence Day weekend

Raksha Bandhan cheer rolls into the holiday break, with fashion and consumer durables eyeing a near double-digit sales lift

South India pulls clear in online FMCG adoption, says Nielsen report

Nielsen report states southern metros led with an 18.4% share

Rural demand continued to outpace urban in April-June period: NielsenIQ

India's FMCG market grew 13.9% in April-June, driven by rural demand, smaller packs, and e-commerce gains in metros, even as urban recovery narrowed the rural-urban gap

Jubilant Foodworks Q1 results: PAT rises to 64% on strong delivery growth

The company added that delivery channel revenue was up by 24.6 per cent and dine-in channel revenue rose 2.5 per cent, mainly driven by lunch-hour meals

Sabyasachi to offer 18-carat fine jewellery through Tata CLiQ Luxury

Asthana added that the tie-up will extend the Sabyasachi experience digitally to over 20,000 zip codes without compromising storytelling or service