Ratna Bhushan

  • Consumer companies seek GST cut to help push sales

    Consumer companies seek GST cut to help push sales

    ​​ The GST Council, which is expected to meet next month, had slashed tax rates on 200 products including chocolates, toothpastes, shampoos, washing powders and shaving creams to 18% from 28% in November 2017. Industry executives said a further reduction is needed to trigger demand.

    MTR close to buying eastern condiments

    MTR close to buying eastern condiments

    MTR Foods, a subsidiary of Norwegian conglomerate Orkla, with revenue of almost ₹900 crore, makes and sells spices, condiments, ready-to-cook breakfast mixes and ready-to-eat meals, beverages and sweets.

    Dabur chairman, Amit Burman, buys wellness startup stake

    Dabur chairman, Amit Burman, buys wellness startup stake

    NWNT, a bootstrapped startup set up by psychiatrist Sandeep Vohra in 2011, uses augmented human intelligence-based technology to screen, evaluate, prevent and treat emotional and mental health disorders.

    Social distancing to impact manufacturing; consumption may be constrained: Nestle chairman

    Social distancing to impact manufacturing; consumption may be constrained: Nestle chairman

    The maker of Maggi noodles and KitKat chocolate, which reported 10.7% increase in domestic sales for the quarter at Rs 3,124.2, however cautioned on consumption in the following quarters. “Consumers would hold back on indulgences and consumption may be constrained in the next two quarters. Buying patterns would change,” Narayanan said.

    Creambell consolidating ops; reports of shut-down entirely false: RJ Corp

    Creambell consolidating ops; reports of shut-down entirely false: RJ Corp

    Devyani Foods sells ice-cream under the Creambell franchise. “The company has decided to close one of the smaller facilities at Baddi while strengthening the other larger manufacturing plants. Reports that the ice-cream business is being shutdown are totally false and misleading and vehemently denied,” DFIL said in a statement on Monday.

    Consumer cos go vocal about local roots

    Consumer cos go vocal about local roots

    Modi had urged Indians to be “vocal about local” brands and buy products made domestically in a speech themed around a self-reliant nation. He had also tweeted that “local is not merely a need but a responsibility.”

    We need better policy framework; we’re staring at large scale shutdowns: NRAI

    We need better policy framework; we’re staring at large scale shutdowns: NRAI

    “We need better policy framework to make ourselves self-reliant,” NRAI president Anurag Katriar said in a statement. “It is also clear that we will perhaps be one of the last sectors to open up, which means we perhaps need maximum support to stay alive. Our primary demands were largely around policy and liquidity support and did not require massive financial outlay from the govt,” he added.

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