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NEW DELHI: Everyday consumer products such as soft drinks and biscuits were allegedly sold in the city long after their expiry dates, posing a serious risk to public health.Delhi Police busted an illegal operation running out of a godown in Dwarka, where expired and near-expiry food items of multinational brands were allegedly repackaged and circulated in the market with forged manufacturing and expiry dates.Acting on a tip-off received on March 29, police raided a godown in Bamnoli village and ...Read More >
April 2 (Reuters) - Indian consumer firm Marico (MRCO.NS), opens new tab on Thursday said it expects to clock double-digit year-on-year percentage growth in operating profit in the fourth-quarter, aided by stable consumer demand. The maker of Saffola oils and Parachute haircare products said it has witnessed a gradual uptick in consumption across categories after several quarters of tepid demand from customers in urban areas, following reductions in goods and services tax in September. Marico ...Read More >
New Delhi: Varun Berry, chief executive, managing director and vice-chairman of Britannia Industries, stepped down on Monday after over a decade of helming the company, a sudden exit at one of India's most prominent consumer goods companies. The Nusli Wadia-owned biscuits and dairy maker said in a regulatory filing on Monday that Berry's resignation has been accepted with immediate effect. The development is sudden, even more so as Britannia had announced Rakshit Hargave, formerly chief execut ...Read More >
While India continues to attract record levels of foreign investment and corporate expansion, Pakistan has witnessed a steady retreat of global firms... While India continues to attract record levels of foreign investment and corporate expansion, Pakistan has witnessed a steady retreat of global firms across sectors. This contrast reflects not only macroeconomic trends but also the underlying business culture, regulatory frameworks, and institutional capacity that shape investor confidence and ...Read More >
New Delhi, Oct 26 (SocialNews.XYZ) India is increasingly becoming a key growth market for global consumer goods companies, driven by the rapid rise of e-commerce and quick-commerce platforms. The country's expanding digital retail ecosystem is enabling faster market penetration and boosting online sales, making India one of the standout performers for international consumer brands. Global consumer goods majors Unilever and L'Oreal reported a sharp rise in online sales during the September quar ...Read More >
New Delhi: India is increasingly becoming a key growth market for global consumer goods companies, driven by the rapid rise of e-commerce and quick-commerce platforms. The country's expanding digital retail ecosystem is enabling faster market penetration and boosting online sales, making India one of the standout performers for international consumer brands. Global consumer goods majors Unilever and L'Oreal reported a sharp rise in online sales during the September quarter, driven by the rapid ...Read More >
Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half a million units. New Delhi, Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half ...Read More >
New Delhi, October 23: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. " ...Read More >
NEW DELHI: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. "It has been ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) India experienced a bumper festive season this year, with sales of consumer goods, automobiles, jewellery, handicrafts, and decorative items recording a sharp surge during Diwali, signalling renewed consumer confidence and economic momentum, economists said on Wednesday. Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings, stated that the surge reflects a strong revival in domestic demand and a growing preference for Indian-made products. "There has be ...Read More >
NEW DELHI, Oct. 7, 2025 - Aon plc (NYSE: AON), a leading global professional services firm, projects that salaries in India will increase by nine percent in 2026 according to the firm's Annual Salary Increase and Turnover Survey 2025-26 India. The study, now in its 31st year, is one of the largest and most comprehensive rewards studies in India and analyses data from over 1,060 companies across 45 industries. The survey's nine percent projection for 2026 marks a slight increase from the actual ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive sea ...Read More >
A sweeping premiumisation trend this festive season is benefiting manufacturers of products such as smartphones, refrigerators, laptops, washing machines, and electric vehicles (EVs) despite their goods and services (GST) tax rates staying unchanged. Companies are attributing this to an improvement in overall consumer sentiments due to income tax slab revisions announced in this year's budget and the positive effects of GST rate cuts on several other consumer goods such as petrol and diesel car ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive sea ...Read More >
New Delhi [India], September 15: Signify (Euronext: LIGHT), the world leader in lighting, today showcased its latest portfolio of innovative and sustainable lighting solutions at the International Electrical and Consumer Goods Manufacturing (#IECGM2025India), organized by the Bureau of Indian Standards (BIS). The event, inaugurated by Shri Piyush Goyal, Honble Minister of Commerce & Industry, underscores India commitment to aligning international standards with national requirements and advancin ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the re ...Read More >
Mumbai, The financial capital has emerged as the top city in India for young entrepreneurial talent, with 15 entrepreneurs featured in the 'Avendus Wealth - Hurun India U30 List 2025' launched on Thursday. The report celebrates 79 of India's most promising business leaders under the age of 30, who are shaping the future across sectors like technology, finance, healthcare and more. The list is part of the first edition of the 'Uth Series', a joint initiative by Avendus Wealth and Hurun India. ...Read More >
MUMBAI: HUL on Thursday named Priya Nair, who heads parent Unilever's beauty & wellbeing business, as MD & CEO. Nair, who joined HUL 30 years ago, will be the first woman to lead the consumer goods giant. The London-based Nair, 53, will take over the corner office in Mumbai on Aug 1, succeeding Rohit Jawa who will step down as MD & CEO on July 31. Jawa, who led HUL for a little over two years, was appointed for a five-year term ending June 26, 2028. His predecessor Sanjiv Mehta had held the CEO' ...Read More >
New Delhi: Consumer goods makers Dabur India Ltd, Marico Ltd, and Godrej Consumer Products Ltd are expected to report contrasting demand patterns for their products in the June quarter, with robust sales in edible oils and home and personal care categories offset by a subdued summer for beverages. This divergence is largely attributed to untimely rains and a milder summer, hurting demand for seasonal categories. On Friday, homegrown consumer goods company Dabur India said that the Indian FMCG ...Read More >
New Delhi: Industry body CII Thursday pitched for rationalisation of goods and service tax (GST) rates, reduction in tax litigation, establishment of a joint skills acceleration fund (between public, private and CSR), and introduction of a capital support scheme for small and medium enterprises. New CII President Rajiv Memani said the Indian economy was expected to grow by 6.4-6.7% in FY26, driven by strong domestic demand amid global uncertainties. "We must remember that in all these cases we ...Read More >
New Delhi [India], June 30 (ANI): Industrial production activity in India moderated month-on-month with the Index of Industrial Production (IIP) growing 1.2 per cent in May, against 2.7 per cent recorded in April, according to the Ministry of Statistics and Programme Implementation data. In May, the growth rates of the three sectors, Mining, Manufacturing and Electricity the were (-) 0.1 per cent, 2.6 per cent, and (-) 5.8 per cent, respectively. Also Read | 'I Stand Firmly With Diljit': Actor ...Read More >
New Delhi, Jun 29 (PTI) A growing wave of protectionism is challenging decades of liberal trade order, dramatically highlighted by the Trump's tariffs, but economic nationalism does not spell the death of globalisation rather it heralds its rebirth, presenting an opportunity for India to emerge as a vital player, according to M&M Ltd Chairman Anand Mahindra. In his address to shareholders in Mahindra & Mahindra (M&M) Annual Report for 2024-25, Mahindra, said "India, too, will face challenges" d ...Read More >
New Delhi, Jan 22 (PTI) The Rs 2,715-crore acquisition of premium beauty brand Minimalist from a company founded four years ago is "a great example of making" Hindustan Unilever Ltd's portfolio future fit and it shows the startup ecosystem in India definitely has a strong future ahead, according to its CEO and Managing Director Rohit Jawa. Hindustan Unilever Ltd on Wednesday announced that it has signed and executed share purchase and subscription agreement for acquisition of 90.5 per cent of s ...Read More >
Amazon India on Tuesday said that they are increasing its exports commitment four-fold and plans to enable over $80 billion in cumulative exports from India by 2030. This marks an ambitious scale up from earlier commitment of enabling exports worth $20 billion by 2025. The e-commerce major also said that it has earmarked $120 million from its Smbhav Venture Fund to invest in start-ups that digitise consumer goods manufacturing in India and cater to domestic and global demand. It added that the ...Read More >
Bengaluru (Karnataka) [India], December 5: MoEngage, a leading insights-led customer engagement platform, announced today that it has achieved the Amazon Web Services (AWS) Consumer Goods Competency. As an AWS Partner, MoEngage has earned the AWS Consumer Goods Competency designation, which recognizes its expertise in delivering validated solutions to help consumer goods brands overcome operational challenges within the industry. By leveraging deep industry knowledge and proven AWS solutions,MoE ...Read More >
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) (MMV or the Company), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the Share Exchange Agreement) with the shareholders (the Transferors) of Bowong AI Limited (Bowong Cayman), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology (Sh ...Read More >
SHANGHAI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MultiMetaVerse Holdings Limited (NASDAQ: MMV) ("MMV" or the "Company"), a leading animation and entertainment company for young consumers in China, today announced that it has signed a definitive share exchange agreement (the "Share Exchange Agreement") with the shareholders (the "Transferors") of Bowong AI Limited ("Bowong Cayman"), which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Tech ...Read More >
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