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FMCG companies' revenue to contract by 3 pc in FY21: Crisil

Domestic ratings agency Crisil on Tuesday said it expects revenue of fast moving consumer goods sector (FMCG) companies to contract by 3 percent in 2020-21 as against its earlier expectation of a 10 percent growth. However, companies will adopt lower...

Consumer sector seen degrowing by 2-4 pc this fiscal

The coronavirus lockdowns and the resultant disruptions in demand and supply will see the consumer sector degrowing by 2-4 percent this fiscal, says a report. However, the impact will be much larger, to the tune of 30-40 percent, if...

FMCG sector to expand at 9 pc in FY20, growth to improve in FY21: Report

The Rs 4 lakh crore FMCG sector will close fiscal 2020 with a 9 percent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 percent in fiscal 2021, a report said...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Walmart e-entry makes India attractive to global majors: Experts

The whopping US $16-billion mega deal by global retail giant Walmart with the country's leading e-tailer Flipkart for majority stake makes India an attractive destination for global majors in the digital space, industry experts said on Wednesday.Kishore Biyani, CEO,...

Fall in exports for the Home Textile segment: CRISIL

Operating profit margins of home textiles exporters is seen falling 300 basis points (bps) from this fiscal following pressure on export realisations stemming from a shift in the dynamics of US retail, and a reduction in incentives after the...

Market share of organised retail to rise to 10 pc by 2020: Report

Rating agency CRISIL expects the market share of organised retail in India to rise to 10 per cent by the financial year 2020, compared with 7 per cent last fiscal.This will be supported by the Government’s decision to permit...

Organised jewellery retailers to get a boost in GST regime

Organised jewellery retails will get a boost in the Goods and Services Tax (GST) regime as business is likely to be weaned away from unorganised players, who account for three-fourths of the industry's annual revenue, a CRISIL report said. The...

Traders to protest against FDI in e-commerce

Traders from across the country have not welcomed the Government's decision to allow 100 per cent FDI in B2C online market and have decided to stage a protest against it. Around 10,000 trade organisations from across the country are...

Food Retailers Chalk up Rs 13,000 Crore Losses Last Fiscal: CRISIL

Accumulated losses of food retailers are estimated to have crossed Rs 13,000 crore in the last fiscal, as revealed in an analysis by CRISIL Ratings conducted for the top 10 food retailers (in gestation phase). They accounted for 40...
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Varun Beverages to raise Rs 7,500 cr to fund expansion plans

The fund would be raised in "one or more tranches" and would be "subject to receipt of approval of...
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