Ratna Bhushan
Industry bats for stimulus measures such as reduction in income tax, job creation and direct incentives for rural consumers. Research firm Nielsen said in an Oct report that overall FMCG sales growth fell from 16.2% yoy in the Sept 2018 quarter to 7.3% in the Sept 2019 quarter, with rural consumption at the slowest in seven years.
Business leaders say such statements may drive away foreign investments.
Merrill Pereyra, who has come from global franchise chain QSR Brands in Malaysia, is the first outsider head of Pizza Hut India. All his predecessors have been elevations from within Yum! Brands that operates Pizza Hut, KFC and Taco Bell restaurant chains in the country.
According to Payback officials, the platform has a GMV exceeding Rs 1 lakh crore, with a sales increase of 7.5% in the previous year. In India for a decade, Payback follows a calendar year.
While some brands have said they are reducing the visibility of ads featuring Deepika in the short term, celebrity managers say future endorsement deals are expected to see clauses factoring in the risks involved with celebrities taking political stands that might anger administrations inclined to be vengeful.
The BJP, AAP and Congress will shell out anywhere between Rs. 150 crore and Rs. 170 crore in total for the upcoming Delhi Elections
The maker of Coca-Cola, Thums Up and Sprite aerated drinks and Maaza mango drink is learnt to have sold off 10% of its companyowned bottling operations in four markets in North India to its existing franchise bottlers.
Shailja Mittal said she started Koala Kabs in 2016 after she had 'goosebumps’ sending her nineyear-old daughter to school through a private cab service. Now the business has evolved into an amalgamation of a cab aggregator-cum-car rentals where women drivers make fixed monthly incomes.
Food regulator FSSAI ties up with Amazon’s virtual assistant, Alexa to promote healthy eating habits in children. “A key constituent of the ‘eat right’ campaign is towards children and to address this audience, there are a number of interventions that are based on pulling in these young minds, rather than pushing out content,” said FSSAI CEO
The $24.2 billion French company, with presence in over 80 countries, operates through two business models in India—on-site services or facility management and the consumer-facing coupons business. India contributes about 7-8% to Sodexo's global revenue.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
