Consumer Products

GST Council meet Sept 3-4: Rate cuts, rationalisation on the agenda

The 56th GST Council meeting on September 3-4 may decide on rate rationalisation, tax cuts on essentials, and compensation measures for states. All you need to know

CCPA fines VLCC Rs 3 lakh for misleading CoolSculpting slimming ads

It was found that VLCC was making exaggerated claims of drastic weight loss and inch reduction within a single session, which went far beyond the actual approval granted to the CoolSculpting machine

Reliance Consumer Products on strong growth trajectory: Reliance Retail CFO

Reliance Consumer Products is rapidly expanding its capabilities and aims to become one of India's largest FMCG companies by 2030, with significant growth in revenue and market share

FMCG majors reconnect with kiranas as quick-commerce squeeze deepens

ITC, Nestle, Tata, Dabur and Parle roll out new trade incentives to mend kirana ties and regain market share lost to fast-growing quick-commerce platforms

Reliance to invest up to ₹8,000 crore to expand beverage business

Reliance Consumer Products will use the funding to add 10 to 12 new manufacturing facilities across India

Dabur reaffirms support to general trade amid quick commerce disruption

This comes as channels like quick commerce gain ground, becoming growth drivers for packaged foods companies

Zepto to launch its subscription-based analytics platform, 'Zepto Atom'

Zepto Atom will offer brands hyperlocal insights, predictive analytics and full-funnel consumer behaviour data, aiming to disrupt India's ₹1,000 crore analytics market

MNCs see higher returns in India, outpacing global growth trends: Report

Country's share in global growth 2-8 times its volume share: Report

Trump admin orders Consumer Financial Protection Bureau to stop work

The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought, the newly installed director of the Office of Management and Budget, directed the CFPB in a Saturday night email confirmed by The Associated Press stop work on proposed rules, to suspend the effective dates on any rules that were finalised but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama pushed to include it in the 2010 financial reform legislation that followed the 2007-2008 financial crisis. The email also ordered the bureau to cease all supervision and examination activity. Since the CFPB is a creation of Congress, it would require a separate act of Congress to formally eliminate it. But the head of

Reliance Consumer Products acquires SIL brand to revitalise heritage foods

SIL Foods is expected to benefit from RCPL's infrastructure and pan-India presence

Ganesh Consumer Products files DRHP with Sebi for IPO fundraising

Ganesh Consumer Products Ltd, an FMCG player in eastern India, on Friday said it has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) in the capital market. The proposed IPO comprises a fresh issue of shares worth up to Rs 130 crore and an offer-for-sale (OFS) of up to 12.44 million equity shares by promoter and investors, according to filing documents, a company statement said. The face value of each share is Rs 10. The company may also consider a pre-IPO placement of equity shares worth up to Rs 26 crore, which will be adjusted against the fresh issue, it said. Proceeds from the fresh issue will be utilised to prepay debt by Rs 50 crore and for capital expenditure for setting up a new manufacturing unit in Darjeeling, West Bengal at Rs 50 crore, and for general corporate purposes, the company stated. Ganesh Consumer Products, established in 1936, is a market leader in pack

Govt proposes mandatory labelling for bulk pre-packaged commodities

The Consumer Affairs Ministry on Sunday proposed an amendment to the Legal Metrology (Packaged Commodities) Rules, 2011, seeking to mandate the declaration of key information on pre-packaged commodities weighing over 25 kg or measuring more than 25 litres sold in retail markets. The move aims to close a loophole that currently exempts such bulk packages from displaying crucial details like maximum retail price (MRP), best before date, manufacturer information, and country of origin. "It is observed that packaged commodities above 25 kg are also available in the market for retail sale, which is not as per the intention to make all declarations on pre-packaged commodities meant for retail sale," the ministry said in a statement. The proposed amendment would require manufacturers, packers, and importers to provide comprehensive labelling on all pre-packaged goods intended for retail sale, regardless of quantity. This is expected to bring clarity to the industry and aid consumers in ..

Marico says Q3 revenue falls in low single digits on weaker rural demand

Marico, which operates in Bangladesh, Vietnam, the Middle East and Africa, also cited significant currency depreciation in select overseas geographies as the key factors behind the drop in revenue

No-cost, longer-tenure EMIs gain traction, drive consumer product sales

Notably, to address the concern of the rapid rise in unsecured consumer loans, the RBI increased the risk weight on consumer credit

Centre asks states to enforce BIS certification on consumer products

The Centre on Monday directed state governments to enforce Bureau of Indian Standard (BIS) certification on consumer products while stressing the use of digital technology to protect consumer rights and reduce pending cases in consumer courts. After inaugurating a day-long workshop on "Consumer Protection in the northern states" held in Chandigarh, Consumer Affairs Secretary Rohit Kumar Singh emphasized the role of technology in strengthening the consumer protection ecosystem and the importance of infrastructure and human resources in consumer commissions. The Secretary said, "State heads should ensure that BIS Certification is enforced on required products for consumer safety," an official statement said. He also discussed the time dissemination project by Indian Space Research Organisation (ISRO) to reduce India's reliance on Western countries for time accuracy. Nidhi Khare, Additional Secretary in the Consumer Affairs Ministry, stressed the use of digital technology to protect .

Sales of consumer products pick up marginally as inflation cools

CEOs optimistic about coming months as govt's mega capex drive gains pace

Consumer companies push deal activity to 25-year high in 2022, shows data

Many small brands swallowed up in catch-up acquisition spree

Wipro Consumer enters food category; acquires Nirapara for undisclosed sum

The acquisition will give Wipro Consumer Care and Lighting an entry into the Rs 70,000-crore spices market, which recently witnessed the entry of companies such as Dabur India

Tata Consumer, Hindustan Unilever in talks to buy tea major Girnar

Deal valuation pegged between Rs 1,000-1,500 crore

Zepto will stick to brand promise of 10-minute deliveries: CEO Palicha

Quick commerce fastest-growing consumer technology industry in India, he says