Ratna Bhushan
Brick-and-mortar retailers and companies are hopeful that this weekend will see a jump in sales as the festive season kicks in. Retailers say the weeks of shopping spree ahead of the festival season has been trimmed down to one weekend.
Industry has urged the Centre to issue clear guidelines on phasing out single use plastics by 2022. Companies said an outright ban would escalate costs and lead to job losses which currently stand at 4.5 lakh with 10000 units facing closure.
The centres will be both residential and standalone, at hotels and resorts owned, managed and invested in by Minor group.
While corporate tax has been cut to 22% from 30%, dairy cooperatives continue to be taxed at the 30% rate.
"Health care and beauty categories have witnessed year-on-year higher volume growth,"Amway India chief executive Anshu Budhraja said.
The total number of direct sellers employed by these firms rose to 5.7 million in 2018-19 from 5.1 million in 2016-17.
The games, to take place in Mumbai on October 4 and 5, have generated interest from brands like Gatorade, Myntra, Apple and L’Oreal
Modi government's ban on single-use plastic will drive up operating costs for food delivery businesses.
They are increasing promotional spends in the upcoming festive season by 10-15% over last year’s festive quarter and stocking up additional inventory, executives in some large FMCG companies told ET.
Eateries such as McDonald’s, Domino’s Pizza, Dunkin' Donuts hit; discounting by food delivery aggregators add to their woes.
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