Representative Imagemumbai News Today

Non-metro Presence: Retailers are expanding their presence in tier-2 cities due to rapid growth in infrastructure and an expanding working population. Global brands like Zara, H&M, Adidas, Nike, Starbucks, Uniqlo, and Marks & Spencer are increasing their footprint in non-metro areas. Explore the growth potential and opportunities in these cities.

FMCG: In a notable shift, local and regional firms have made significant inroads, reaching up to 31% more households in key segments like biscuits, soap, washing powder, and detergent during the September quarter. This trend has caught the attention of chief executives at major consumer goods companies, who are now acknowledging the resurgence of smaller brands and its consequential impact on their sales growth.

The move is an extension of its internal ordering app Shikhar, which allows small neighbourhood stores to order directly from it. For HUL, the countrys biggest packaged consumer goods firm, the app now accounts for about a third of its sales from neighbourhood retailers. Last year, HUL became the first fast-moving consumer goods (FMCG) firm to join ONDC through its multi-brand direct-to-consumer platform, UShop.

The DGGI is also understood to have sought an explanation from GCPL on the matter. The sources cited added that DGGIs Mumbai unit also conducted an inspection on premises linked to Raymond as part of its investigation. Section 67 of the CGST empowers an official to conduct an inspection if he has reason to believe that a person concerned has suppressed information to evade tax.

The Indri Diwali collectors edition, a new peated whiskey made by the sugar mill, won the Best in Show Double Gold award at the Whiskies of the World Awards, it was announced last month. Indri was the sole winner in that category. Thats not all. The stock of Piccadily Agro Industries-the company that runs the sugar mill-has soared. It was ₹25 in December 2021 and has since shot up to ₹241.

Extinction Event: Marico’s strategy of giving a local twist to oats by introducing a savoury version to an otherwise sweeter option consumed globally has helped Saffola dethrone Quaker as the leading brand in the category.

“While most of India is still underserved when it comes to sexual health and wellness, there has been a surge in such brands and products in the last few years. This shows the potential in the Indian market and its acceptance towards the category,” said Nilay Mehrotra, founder of Kindly Health. “Be it pleasure or sexual health and wellness, the sector looks promising with the market growing to about $2 billion by 2030.”

Motilal Oswal: Retail inflation rose as of last count as prices of vegetables and cereals skyrocketed, beating all market expectations and putting pressure on the government to bring down prices.

India Rice Export: Analysts say Indias rice export ban is identical to those the country imposed previously in 2007 and 2008. This had triggered a domino effect with many countries curbing exports to ensure domestic demand is filled.

Gjepc: The domestic market is clearly seeing a huge rush for gold and diamond jewellery. The India International Jewellery show which concluded in Mumbai on Tuesday generated business worth Rs 70,000 crore, the highest ever.