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Retail

Budget 2018: No immediate benefits for retail sector

Indiaretailing Bureau -
The Narendra Modi Government sought to give a marked thrust to the rural sector in this year's Union Budget, its last full-year budget before the 2019 Lok Sabha polls, with the central ministries getting an allocation of Rs 14.34...
Food

Godrej sees potentiality in FMCG for global markets

IANS -
Godrej Group Chairman Adi Godrej on Friday said the group, globally, is seeing potentialilty in the fast moving consumer goods (FMCG) space for growth and developing countries in Asia, Africa and South America are in the focus. "Globally, we are...
Food

Pre-GST sales impact subdue FMCG cos performance in Q1: Experts

Indiaretailing Bureau -
Top FMCG players, including Hindustan Unilever, Dabur, Marico and Emami would have performed much better in first quarter had sales not been impacted by de-stocking ahead of GST implementation, according to industry experts. According to a PTI report: While HUL...
Retail

Top 12 Retail and Consumer Products Billionaires in India 2017

Indiaretailing Bureau -
American business magazine Forbes released its annual list featuring richest people in the world on March 20, 2017. It was a record year for the richest people on earth, as the number of billionaires jumped 13 per cent to 2,043...
Food

Nisaba Godrej elevated as Godrej Consumer's chairman

Indiaretailing Bureau -
Godrej Consumer Products Limited (GCPL) announced changes to its leadership team, effective May 10, 2017 where Nisaba Godrej, currently the executive director of the company, will become the executive chairperson. Chairman Adi Godrej will assume the chairman emeritus position...
Food

Godrej Consumer Products Q4 net profit up by 212 pc to Rs 389.91 crore

IANS -
FMCG firm Godrej Consumer Products Ltd on Tuesday said its consolidated net profit for the fourth quarter (Q4) ended March 31, 2017 shot up by 212.33 per cent to Rs 389.91 crore. According to the company, its net profit for...
Food

Growth in FMCG demand in rural areas to be double digit: Adi Godrej

IANS -
Godrej Group Chairman Adi Godrej on Thursday said that the rural demand for fast moving consumer goods (FMCG) will likely to have a double digit growth with a good monsoon. "If the monsoon is good, the agricultural economy is expected...
Food

GCPL Q3 net profit down 4.3 pc to Rs 352 cr after demonetization

Indiaretailing Bureau -
FMCG firm Godrej Consumer Products Ltd (GCPL) on monday logged a 4.34 per cent decline in consolidated net profit at Rs 351.78 crore for the December 2016 quarter partly due to the impact of demonetization. Its net profit for October-December last...
Food

Demonetization a well-timed move, says Adi Godrej

IANS -
Godrej Group Chairman Adi Godrej said demonetization is a well-timed move, in view of the proposed rollout of the Goods & Services Tax (GST) early next year. "Demonetization will certainly be a good thing in the medium to long term....
Retail

Adi Godrej calls for modest tax rates, end permission raj

Indiaretailing Bureau -
Noted industrialist Adi Godrej called for "reasonable and modest" tax rates as an effective way to prevent creation of black money and pitched for a rule-based automatic approval mechanism to fight graft. According to a PTI report: The Government controls...
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E-CommerceIndiaretailing Bureau -

ONDC announces Build for Bharat initiative 

The initiative intends to tap into India’s technological and entrepreneurial potential with an expected participation of over 2,00,000 participants...
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