Consumer Market

Telcos call for prompt notification of guidelines to curb spam calls

Draft norms had called for tracing and taking action against spam sources

Indian Tea Association suggests quality grading system for packet tea

About 75 to 80 per cent of tea consumption has shifted to the packaged format

Wakefit records 50% growth in festive sale revenues across platforms

The sleep solutions firm said the trends indicate that consumer behaviour is shifting towards wellness, long-term value and preference for premium and functional products

UK consumer spending slowed before last week's budget, say retailers

The British Retail Consortium said spending in shops increased by 0.6 per cent in annual terms in October, below September's 2.0 per cent growth and the weakest rise since July

With crude palm oil rates on fire, consumer firms start raising prices

Crude palm oil, one of the main ingredients in the manufacture of some consumer goods, saw a price rise of 45.2 per cent in the last three months

Belgium's Verlinvest to double its bets in India's growing consumer market

The firm, which has over 2 billion euros in assets under management, counts brands such as vegan milk maker Oatly , coconut water seller Vita Coco, and pet products retailer Chewy in its portfolio

Private equity deals in India pick up after two years of decline

Up 9% at $24 bn in first nine months of 2024; financial services, consumer sectors lead

Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump

Hill was at Nike for 32 years and held senior leadership positions across Europe and North America where he helped expand the business to more than $39 billion, the company said

Sharp import duty hike likely to impact margins of consumer majors

Some corporates may prefer to cut margins and absorb some impact to avoid hurting demand

Govt invites applications to fill 2 posts in NCDRC, sets Oct 16 as deadline

The government on Friday invited applications to fill up two vacancies for the post of members in the National Consumer Disputes Redressal Commission (NCDRC). NCDRC is a quasi-judicial body established under the Consumer Protection Act, 2019. The Commission is headquartered in New Delhi. The Union Ministry of Consumer Affairs has invited applications only through online mode. Applicants can apply from September 17, onwards through jagograhakjago.gov.in/ncdrc, an official statement said. The deadline for submission of applications is October 16 this year, it added. A search-cum-selection Committee, constituted under the Tribunal Reforms Act 2021 for recommending names for appointment to the said post, will scrutinize the applications. The qualifications, eligibility, salary and other terms and conditions of the appointment of a candidate will be governed by the provisions of the Tribunal Reforms Act and the Tribunal (Conditions of Service) Rules, 2021. The final selection will be

India's Consumer Market And The Hunt for The Next Billion Dollar Baby

By Poornima Vardhan and Taponeel Mukherjee

China's CPI rises to 0.6% due to weather disruption, PPI stuck in deflation

Extreme weather this summer from deadly floods to scorching heat has pushed up farm produce prices, contributing to faster inflation

From Parle Products to Dabur, consumer firms load up for festival blitz

Mobilise production, inventory to ride seasonal wave

AlphaVision Management Consultant LLP Set to Transform Indian SME & MSME Landscape with IPO and Strategic Fund Raising Solution

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UK regulator reverses decision, no in-depth probe of baby formula mkt

The cost of baby milk formula was in the spotlight during Britain's inflation-driven cost of living crisis, with media reports saying that some struggling parents had resorted to watering it down

Urban consumer sentiment at a 60-month high; rural areas less optimistic

Rural consumer sentiment is at its lowest level in FY25

Consumer sentiments highest in at least 62 months, shows CMIE data

Index of Consumer Sentiments index is at its highest level since at least March 2019

Cipla Health signs agreement, strengthens beauty play with Ivia's brands

Cipla Health strengthens beauty play in Tier II-VI towns with Ivia Beaute's cosmetics, personal care distribution and marketing biz

Operating conditions remain subdued, Africa sales sting: Godrej Consumer

Its Indonesia operations, which contributed nearly 13% of Godrej's revenue in the December quarter, delivered double-digit percentage sales growth, the company said

NCDRC dismisses govt's 2015 plea against sale of Nestle's Maggi noodles

The DoCA had alleged that the company had indulged in unfair trade practices by manufacturing and selling hazardous and defective goods to the public