Sep 23, 2016 - Wipro consumer care acquires Chinese FMCG company Zhongshan Ma Er Daily Products

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Girish VS
Girish VS
From the Editor's Desk
The debate on growth focuses only on interest rates - we need lower rates to improve growth. RBI Governor Raghuram Rajan has faced flak for not bringing down the rates. And his successor, Urjit Patel is cast of the same mold. The industry argues - lower rates will lead to higher growth. I do not quite understand this statement. Probably I am not an economist. I sincerely believe that we need to focus on two aspects before we start worrying about lower rates. Remember zero or even negative rates has not helped Japan. Growth requires two core metrics - labour productivity - the amount of goods and services produced by one hour of labour. The other is incremental capital-output ratio (ICOR) - the amount of capital needed to generate the next unit of production. More here

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CPI(M) Leader Sitaram Yechury's Son, 34, Dies Of COVID-19

CPI(M) general secretary Sitaram Yechury on Thursday said his elder son Ashish died of COVID-19 in the morning.




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24 die as oxygen tank leaks in Nashik hospital

'An ex-gratia of ₹5 lakh will be provided to kin of the deceased, said Chief Minister's Office.'Anguished by the loss of lives due to it,' says PM Modi


FMCG companies giving more importance to kiranas over Ecommerce

Grocery orders could not be placed from several PIN codes on Amazon Fresh on Tuesday and remained unavailable till Thursday.

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Indian basmati rice has stiff competition: Double Chabi Basmati Rice CMD

Set up in 1950 in Taraori, Haryana, it has grown exponentially from being a small-scale rice mill to having a global presence spanning five continents.

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Grofers CEO Says Lockdown Fears on Tuesday Drove Spike in Carts for Grocery Delivery

Grofers saw a significant spike in the creation of carts particularly at 8:45pm IST — the time when PM Modi started his address to the nation.

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FMCG players see spike in demand of hand sanitisers, disinfectants as COVID-19 cases surge

Companies such as ITC, Himalaya Drug Company and Patanjali said they have ramped up their production capacity to address spurt in demand, assuring that their hygiene products are available to the consumers.

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Sales of discretionary consumer goods dip up to 50 pc due to local lockdowns

Companies said even in states where there are no restrictions yet, footfall in stores have fallen since people are scared of catching the infection and several offices have gone back to work from home mode affecting out of home consumption.

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