Page 4 - Sharleen Dsouza

Govt clears MRP fixes for unsold FMCG inventory after GST rate change

Allows price revisions until December 31

Godrej Interio to open large-format stores, targets ₹10k cr revenue by FY29

Interio by Godrej will open flagship large-format stores in metros and expand mid-sized outlets in smaller cities as part of its push to reach Rs 10,000 crore revenue by FY29

FMCG firms may be allowed to use stickers to offer lower GST rates

FMCG companies executives who spoke on the condition of anonymity said that they are waiting for the roadmap from the government on the transition

Balaji Wafers in talks with leading PE firms to sell up to 10% stake

PE funds, flush with record capital, are eyeing opportunities in India's branded consumer, technology, and healthcare sectors

India continues to be a market with long-term potential: Coca-Cola COO

Coca-Cola COO Henrique Braun said India remains a long-term growth market with expanding consumer base, rising drink frequency and steady capacity investments

Unilever 'will disproportionately' invest in India, says Fernandez

Unilever CEO Fernando Fernandez said India and the US will get disproportionate investments with focus on beauty, wellbeing and personal care under HUL's new leadership

GST rate rejig awakens the ghost of 2017 transition for FMCG players

Firms warn of teething troubles, seek time to rework SKUs and labels

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

When romance meets the rulebook: How cos deal with workplace relationships

Several Indian companies have similar safeguards in place, though few were forthcoming about their policies when contacted

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