A Nielsen study found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai. Less than one per cent of the 3,200 traditional trade stores that Nielsen contacted in the weeks following demonetisation had card machines, digital wallets or coupons, indicating sales would continue to be muted for some time. Photograph: Danish Siddiqui/Reuters. Hindustan Unilever (HUL), ... Rediff.com, 1 week ago
Can Everstone overcome the challenges that previous owner HUL could not, as it tries to rebuild Brand Modern? Three months after private equity fund Everstone completed its acquisition of Modern Foods Enterprises from HUL, the brand is in for a makeover. With new products that cater to health conscious bread-buyers and a proposed bakery chain, the label is getting ready for a new life at 50. But can Everstone overcome the challenges that previous owner HUL could not, as it tries to rebuild ...Rediff.com, 1 month ago
Double whammy for consumer firms, where the top line will remain subdued due to demonetisation and margins will squeeze owing to a crude oil spike and rupee depreciation, reports Viveat Susan Pinto/Business Standard from Mumbai. IMAGE: The pressure to raise prices is growing as input prices shoot up. Photograph: PTI Photo. Demonetisation is not the only worry for consumer companies in the December quarter. Operating profit margins could come under pressure as a spike in crude oil prices and ...Rediff.com, 4 days ago
Ban on high-value currency sends advertising industry into a tailspin. The ban on high-value notes has left the domestic advertising market reeling as ad-heavy categories such as consumer goods, retail, real estate, auto and jewellery have seen a spurt in ad cancellations and postponements. The shortfall in ad spends for the December quarter, one of the busiest periods in an advertising year, is pegged at Rs 1,000-1,500 crore. This, according to ad and media agency heads, translates into ...Rediff.com, 1 week ago
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices Benchmark indices extended losses for second straight day weighed down by weakness among select defensive and rate-sensitive sectors. However, the downside was limited due to buying among oil & gas segment. Investors are eagerly waiting for teh ECB minutes later today. The benchmark S&P Sensex closed at 28,106 levels, down 115 points or 0.4%. Nifty50 index fell 34 points, or 0.4%, to close ...Rediff.com, 2 months ago
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today Indian equities surged in today’s trade mirroring strong global markets after the US Federal Reserve kept interest rates at a near-record low, but hinted a hike could come in December. However, during mid-session, markets witnessed some profit booking near day’s high. Later, positive opening of the European markets helped markets regain strength. The S&P BSE Sensex surged 266 ...Rediff.com, 2 months ago
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI Markets erased intra-day gains to end flat after investors turned cautious ahead of the US Federal Reserve's decision on interest rate later today. The S&P BSE Sensex ended down 16 points at 28,507 and the Nifty50 settled 1 point higher at 8,777. In the broader markets, BSE Midcap and Smallcap indices ended flat with mixed bias. Market breadth ended positive with 1405 gainers and 1323 losers on ...Rediff.com, 2 months ago
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