EY estimates that a month-long lockdown will result in flat growth for this calendar year versus a forecast of 8 per cent growth made by the consultancy before the outbreak
According to Nielsen, panic buying of food items and hygiene products has pushed up growth rates of food and non-food categories by 300 and 400 basis points respectively.
On Monday, the company announced it was buying VWash, an intimate hygiene brand from Glenmark Pharmaceuticals
With all non-essential stores shuttered and e-commerce firms postponing deliveries of such items, sales have come to a halt
Pharmacies in Mumbai and Delhi are also struggling to replenish stocks of hand wash, hand sanitizers and shampoos.
The company was reducing the price of Lifebuoy hand sanitisers and hand wash, apart from Domex floor cleaners by 15 per cent
Jyothy Labs' Managing Director MR Jyothy said better hygiene habits were the need of the hour
Top malls, multiplexes, the Byculla zoo and the Taraporevala Aquarium in Mumbai have been closed as the state government strives to contain the spread of the virus
The poultry market consumes around half of soybean and maize production in India.
Merger of Wunderman and J Walter Thompson has allowed us to step into areas we weren't exploring much earlier Rai tells Viveat Susan Pinto
Holi will be celebrated on Tuesday across India. The four-day weekend starting Saturday would have come as a boon for retailers, malls and multiplex operators
Film events such as IIFA 2020 have been postponed for now
The NCLT nod paves the way for the final leg of the merger process, including an announcement of the record date (of the merger) and share allotment
In the first nine months of financial year 2019-20 (FY20), Trent is estimated to have added 60 Zudio stores
Betzel also said the retailer had no plans to increase product prices following the government's recent move to raise import duties on items such as furniture and kitchenware.
The report also says that online private labels have the potential to develop into self-sustaining brands that have a captive base beyond the e-commerce platform that has nurtured it.
The new subsidiary aims at taking advantage of 15% corporation tax
Mondelez pushes its biscuit brand out of the playpen, looks for a more meaningful association with consumers
According to experts, discretionary businesses like food services and jewellery continue to have a greater presence in urban areas versus rural areas, where consumption slowdown has been pronounced.
Flipkart, Pantaloons and Pidilite are emerging names in furniture retail, keen on making headway in a fragmented market