Customers are making planned monthly purchases instead of going for top-ups. We have also seen an increase in demand for our private label products as value-driven products have become highly relevant in the current scenario.
“Delivery cannot be the mainstay. We did contemplate shutting a few more outlets but so far our landlords have been supportive,” says Mukherjee. However, the company has had to let go of some employees.
A spokesperson for Mumbai-based R City Mall, which re-commenced operations on August 5, said consumption levels are at 60% of pre-Covid levels. The company is still in discussion with its tenants for re-neogitating rents.
Vivo India, a subsidiary of China-based handset maker Vivo, had paid a whopping Rs 2,199 crore to acquire the IPL title sponsorship rights for five years starting 2018 — a staggering 454% higher than the contract with Pepsi
Prashant Panday, MD & CEO at ENIL (Entertainment Network India), told FE that the firm is “definitely evaluating several cities that appear to be unviable but a lot will depend on what relief authorities provide to broadcas