Prachi Gupta

Articles By Prachi Gupta

400 Articles

Parle fears losing business to unorganised biscuit makers if GST not cut

Parle, one of the biggest and oldest biscuit makers in India, now fears unorganised players will eat up its sales if the government does not accede to the biscuit makers’ demand of cutting the GST.

Industry News

Farmers yet to receive PM-KISAN money in 13 regions; disbursals drop from 1st to 2nd installment

Farmers in many Indian states have not received the third tranche of grants under Narendra Modi’s PM-KISAN scheme, leaving the Central government worried about boosting rural cash flows and boosting demand.

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Zomato in soup again: Now, delivery partners logout amid incentive cuts

After landing in a row with restaurants and hotels last month, food aggregator Zomato is now facing the heat from its delivery partners as thousands of executives logged out of the platform over incentive cuts.

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Goodricke group revives Tea Board of India’s iconic Tea Centre in Mumbai; renames it Queen’s Deck

One of Mumbai's heritage tea points, the outlet has been revived by Goodricke Group which is India's second-largest tea producer.

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Zomato suspends Infinity Dining after row with hotels; no date for revival on cards yet

Months after food aggregator Zomato launched its paid subscription program Infinity Dining, the company has suspended the same for an indefinite time following a row with NRAI.

The 541 people form about 10% of Zomato’s employee strength across the support teams, the company said News

Jet Airways crash continues to hit air passenger traffic; sales down due to weak tourist season too

The crash of Naresh Goyal-founded Jet Airways continues to reverberate in the domestic aviation as industry capacity remains muted in July 2019.

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Flipkart leaves Amazon, Pepperfry behind; captures 41% of online furniture market

Online furniture market is growing at a rapid rate of about 80-85% CAGR, and by 2022, the sales via online medium are expected to reach $700 million.

US-based Walmart acquired Flipkart in a $16 billion deal last year News

Nestle’s KitKat goes green: Now, paper will replace plastic wraps; can be used for origami too

It is not the first time that Nestle has pledged for environmental benefit. Earlier, the company had said that it aims to stop using plastic straws and certain plastic bottles for its products by 2025.

nestle brings in zero sugar kitkat chocolate News

Delhi is start-up hotbed: Most unicorns, active startups from NCR; total valuation at $50 billion

National capital Delhi is a start-up hotbed and most number of Indian unicorns have emerged from the city.

Govt relaxes norms for shares with differential voting rights to boost startups News

Patanjali’s success a lesson for Dabur; now, Ayurveda will be focus

As homegrown FMCG leader Dabur looks to ramp up its sales, rivals Patanjali Ayurved and Himalaya have shown the way.

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India must have learnt from Thailand, Vietnam, but it missed US-China trade war opportunity

India should’ve jumped on the opportunity to lure more global companies to the country as two of the world’s largest economies -- the US and China -- are embroiled in a trade war. Unfortunately, it did not.

Trade war, US china Trade war, US, China, United States, US tariffs, Chinese goods News

Tractor makers in for a shock: Demand pick up no respite; sales to still slip 5-7% in FY20

While the ongoing slowdown has already taken a toll on vehicle sales of major car manufacturers, tractor makers may also find themselves a victim of the same as they are headed for a single-digit slip in sales in the current

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UPI gives tough competition to mobile wallets; trusted more for high value transactions

Unified Payments Interface (UPI) as a mode of mobile payments is giving tough competition to mobile wallets in merchant transactions and recharges, while also dominating higher valued person-to-person transactions averaging $

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Zomato, Swiggy, others boost restaurant sales by 30%

While thousands of restaurants have waged a war against online food aggregators like Zomato and Swiggy, the online delivery platforms have increased the restaurant sales by 30%.

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Tractor sales revival soon: Normal monsoon, Kharif yields to drive demand in festive season

As the country witnessed normal monsoon and there has been an improvement in the sowing of Kharif crops such as sugarcane and cotton, the demand for tractors is expected to pick up.

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Farmers to earn more even after lower production, uneven monsoon this Kharif season

Especially in Northern India, as the farmers are less dependent on rainfall and have more favourable crop mix, coupled with better farm mechanisation, they will have better profits.

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Air India losses to end: Maharaja may break even this year after a decade, disinvestment may get easier

The state-run national carrier Air India’s divestment plans may spell success this time as the airline is likely to break even or run with small loss at the net level in FY20, for the first time in over a decade.

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Modi govt may have a new ally in e-tailers in its fight to save the environment

By giving incentives to customers for returning packaging materials after delivery, online platforms for consumer goods can contribute to the ongoing debate around the environment.`

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Rich Indians more likely to buy Bitcoin; think cryptocurrencies are good investments

Following Bitcoin, Indian super-rich is more inclined towards Ethereum and Ripple.

Bitcoin, blockchain technology, Oanda Corp, bubble-like gains, market news

Facing Jio threat, PVR exec says not afraid of Mukesh Ambani’s ‘first day first show’

Filmmakers make 70-75% of the total revenue generated by a film by their theatrical release; there is no economic logic to for a filmmaker to contract theatrical release, PVR CFO said.

Industry News

Invest like millionaires: Here’s where rich Indians put their money

The high net-worth-individuals of India are most likely to invest more in the real estate sector in the next three years

Economy News

Air passenger growth slow as airlines focused more on international play after Jet Airways chaos

While several domestic airlines ramped up their operations to fill Jet Airways created a void in the previous few months, the same has not spelt much success in terms of air passenger growth.

Industry News

Parle threatens job loss again if GST rate cut demand not met; 8,000-10,000 jobs may be lost

Earlier last week, Mayank Shah told Financial Express Online and other media outlets in separate interviews about “the eventuality of job loss” if the government did not accede to biscuit makers’ demand of bringing the

Industry News

HUL’s soap price cut is beyond slowdown; cost, competition, brand the real reasons

Soap manufacturers are benefitting from the decrease in raw material prices, particularly palm oil rates, which have seen a decrease even after raised custom duty post-budget.

Industry News

Hotstar races ahead of Netflix, Amazon Prime amid major shift to OTT platforms

Hotstar leads the market with a 40% share, followed by Amazon Prime and Netflix, according to a recent survey.

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Slow biscuit sales: Brands at fault? GST, economic slowdown not the only culprits

While food FMCG companies have been harping on how hefty GST tax slabs and ongoing economic slowdown have taken a toll on sales, their own brand positioning and building could also be a culprit.

Industry News

Not iPhone, Chinese smartphones sell most in India; Apple not even in top 5

With every six out of ten mobile phones that are sold in the country coming from China, it is evident that something is working for the Chinese companies that the other manufacturers are yet to crack.

A total of 69.3 million mobile phones were shipped to India in Q2 2019, which was up 7.6% over the previous quarter, IDC said. (Representational Image) News