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NielsenIQ forecasts 4.5-6.5% growth for FMCG sector in FY24; volume surges by 6.4% in Q4 2023 as urban-rural gap narrows
The fast-moving consumer goods (FMCG) sector in India experienced a 6% growth in value and a 6.4% growth in volume during the October-December quarter,...
Govt pushes for Indian toy sector expansion with Snapdeal, Walmart collaborations
The government announced on Monday that tie-ups between domestic toy makers and "internationally acclaimed big players" including Snapdeal and Walmart are in the pipeline,...
FSSAI greenlights amendments for single food certification authority
In a step aimed at enhancing the business environment under the principle of 'One Nation, One Commodity, One Regulator,' the Food Safety and Standards...
FMCG firms optimistic about rural recovery amid macroeconomic improvements
Major FMCG firms are placing their bets on a gradual resurgence in rural demand for the current year, fueled by improving macroeconomic conditions, sustained...
S.P. Apparels to bolster portfolio with 51.33% stake acquisition in Young Brand Apparels for INR 95 Crore
Garment manufacturer S.P. Apparels Ltd is set to acquire a 51.33% stake in Young Brand Apparels Private Ltd, a company with INR 325.91 crore...
Quick-commerce giants grab 30-50% of FMCG sales, kirana stores witness slowdown
In the last quarter of 2023, around 12 million local grocery stores in India observed a significant slowdown in sales. Meanwhile, quick-commerce companies not...
McDonald’s Q4 results show 3.4% sales growth amidst challenges, West Asia boycotts impact performance
McDonald's experienced a challenging conclusion to what initially seemed like a promising year, facing declining sales in numerous markets attributed to the impact of...
Pret A Manger expands global presence: Enters South African market in partnership with Millat Group
Pret A Manger, a UK-based cafe chain, has joined forces with Millat Group to enter the South African market.Pret A Manger and the Millat...
GOPIZZA’s growth soars with 50th outlet in India, crosses the 200-store mark globally
GOPIZZA, Korea's largest pizza brand, has announced the opening of its 50th store in India, marking the achievement of 200 stores globally. The new...
Haryana takes bold step as first state to prohibit plastic bottles for locally produced liquor
Haryana Deputy Chief Minister Dushyant Chautala announced on Sunday that, beginning March 1, country-made liquor would no longer be sold in plastic bottles.This move...
Barbeque Nation expands footprint with grand opening at Nexus Ahmedabad, marking fourth venture in Gujarat
Barbeque Nation, a Bengaluru-based restaurant chain, has recently launched a new establishment at Nexus Ahmedabad, as mentioned in a social media post by a...
Pet care startup Papa Pawsome secures $400K in seed funding led by Indian Angel Network
Papa Pawsome, a pet care brand, secured $400,000 in seed funding in a round led by the Indian Angel Network. Notable investors from IAN,...