Flipkart s quick commerce, led by Hemant Badri, to launch in July with dark stores setup. Potential deals with Zepto and Dunzo didn t progress. Swiggy integrates Mall with Instamart.
RP-Sanjiv Goenka Group’s FMCG vertical forays into personal care : Rashtra News Notably, RP-Sanjiv Goenka Group had forayed into the FMCG business in 2017-18 through Guiltfree Industries (GIL), a wholly-owned subsidiary of RPSG Ventures (Formerly known as CESC Ventures). In April 2017, GIL launched packaged snacks under the brand “TOO YUMM!”. RP-Sanjiv Goenka Group’s FMCG vertical,
Foreign portfolio investors (FPI) sold shares worth ₹12,514 crore across 11 sectors in the March 16-31 period. Apart from FMCG, automobiles, financial services and consumer durables sectors saw heavy selling by foreign investors. The automobiles sector witnessed profit booking worth ₹2,085 crore between March 16 and 31, after inflows worth ₹3,697 crore in the first-half of the month.
On Tuesday, private forecaster Skymet predicted a normal monsoon for the year, lifting optimism for farm output and rural demand, crucial for sustained revival of the FMCG sector. Last year saw irregular monsoons with either below normal or erratic rains. India s villages contribute nearly 40% of annual FMCG sales.
India Business News: Sensex closed above 75,000, climbing 354 points, with Nifty reaching a lifetime high. Major gainers were ITC, Kotak Mahindra Bank, Bharti Airtel, whil