On whether the government’s package of Rs 20 lakh crore announced last month should have also pushed initiatives on the demand side, Narayanan said, “It would have been ideal if there were stronger direct funds transfer to the weaker sections, which would have led to a direct demand stimulus, albeit for essential goods at this stage.”
The seed funding round was led by curated crowd-funding platform and early stage venture fund Globevestor, and Secocha Ventures, a statement by Forbidden Foods said.
Patanjali says didn’t claim 'cure’ for Covid; Ayush Ministry says Coronil is immunity booster & can't be sold as cure
Addressing the media, Patanjali Ayurved promoter Baba Ramdev said: “All clinical trial documents have been shared with Ayush Ministry. There is no difference of opinion between Patanjali and the Ministry now.”
The maker of Dabur Chyawanprash, Vatika shampoo and Real juice, which had suspended manufacturing temporarily, is now operating at 90% capacity across all its ten factories. Market researcher Nielsen has forecasted 5-6% growth for the FMCG sector in 2020, though lower than its earlier projection of 9-10%.
Unilever’s India subsidiary, Hindustan Unilever, hasn’t taken a call on the matter yet. HUL has consistently ranked at top spot among India’s largest advertisers for the previous two years back-to-back.
Higher farm income, minimal retail disruption during lockdown, migrant workers returning home drive sales.
The move by L’Oreal comes a day after Hindustan Unilever said it is dropping the word ‘fair’ from its Fair & Lovely brand. Last week, J&J announced it was exiting the fairness creams market.
Early last year, the beverage maker had announced a five-year global partnership with international cricket body ICC estimated at over Rs 300 crore as exclusive non-alcoholic beverage partner. The partnership had been initiated from India and includes all ICC events globally.
Big liquor and non-alcoholic beverage brands roll out programmes to help employees of industry hit by Covid-19. Industry estimates peg the restaurant sector’s job losses at 2 million. Many establishments are facing the threat of permanent closure. Alcohol still cannot be served in restaurants, which also have restricted timings.
“It is an interim report. So, calling it a cure is simply wrong. The sample size is very small. We have tried this intervention on 100 people and the trials are still not complete,” said Dr Ganpat Devpura, professor of medicine at the National Institute of Medical Sciences (NIMS) in Jaipur, where the trials were conducted.
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