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Tuesday, October 22, 2024

Covid

Southern India leads economic recovery post-Covid: Kantar Report reveals strong FMCG growth in five states

News
The southern region of India seems to be leading the way in the overall economic recovery post-Covid, with five states showing stronger sales in both discretionary and fast-moving consumer goods (FMCG) compared to other parts of...

Hotel industry on hiring spree, set to create about 100,000 jobs in next 12-18 months

Hotels & Restaurants
Hotel operators, who previously slashed jobs in large numbers during the Covid era, are now re-entering the market with vigor, hiring thousands to support their ambitious expansion strategies and address vacancies stemming from significant attrition rates. TeamLease...

FMCG manufacturers revamp packaging for e-commerce as online sales surge

News
Consumer goods manufacturers are redesigning their product packaging to be more e-commerce friendly due to the continued growth of this sales channel in their...

Unfazed by the return to normalcy: Online commerce continues to surge post-Covid era

News
Contrary to expectations, the lifting of Covid-era mobility restrictions and the return to regular business hours for brick-and-mortar stores haven't put a damper on...

Wedding-related expenditure remains subdued in FY24, luxury products buck trend, says industry executives

News
Wedding-related expenditure has remained muted this fiscal year, unlike FY23, as several company chief executives have observed. This can be attributed to the absence...

FMCG giants boost advertising spend, surpass pre-Covid levels amid economic boom

News
In the December quarter, advertising expenses as a proportion of sales at leading fast-moving consumer goods (FMCG) companies exceeded pre-Covid levels for the first...

Reliance and Primark explore options to bring fashion retailer to India

News
Reliance is currently exploring the possibility of partnering with British fashion retailer Primark to introduce its label to India. This venture would place Reliance...

E-commerce growth slows as shoppers shift towards brick-and-mortar stores: Report

News
The growth in the number of active users for the top 20 online retailers more than halved last calendar year, reversing the surge seen...

Wendy’s reports strong Q4 2023 with nearly 14% rise in net income, reaching $46.9 Million

News
Wendy's has disclosed a notable 13.6% surge in net income during the fourth quarter (Q4) of 2023, soaring to $46.9 million compared to $41.3...

Indian spirits market sees slowed growth at 4% in 2023: Tax hikes and shifting consumption trends impact industry dynamics

News
The demand for spirits across various segments slowed to 4% in the previous calendar year, marking a significant decline from the 12% growth seen...

Coffee prices surge as unseasonal rainfall, labor shortage, and surging urban youth demand drive up costs; Coffee Board of India forecasts 10-15% production drop

News
The rate at which coffee prices are rising has accelerated due to unseasonal rainfall, a scarcity of labor, and increased demand, particularly from urban...

PM Modi applauds Lucknow-based startup Arboreal for leading the charge against diabetes through Stevia innovation

News
Diabetes and obesity are new age epidemics, with the number of people suffering from diabetes increasing from 180 million in 1980 to 422 million...

Dry fruit consumption in India soars by 25% in 2023, fueled by health-conscious trend post-pandemic

News
The consumption of dry fruits saw a 25% increase in 2023, marking the most significant rise in five years. This upturn is attributed to...

FMCG companies anticipate volume recovery in next fiscal despite lingering inflation, banking on strategic price cuts

News
Prices of edible oil, a category that witnessed the most significant inflation in the consumer basket following the Covid pandemic, have decreased by 13-30%...
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