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Promise made by travel agent is binding on the airline : Supreme Court

In the respective case, the travel agent had promised delivery within a week by air whereas by sea it would have taken 25 to 30 days. However, the goods were delivered by the airline after 45 days. Therefore the Supreme Court found nothing wrong with an earlier consumer court order to compensate the consumer, as an agent has the inherent power to promise on behalf of the principal, observes Chartered Accountant and Columnist S Muralidharan. ....

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FMCG firms pin hopes on festive season numbers for rural recovery

Demand in the FMCG market had been subdued in the July-to-September quarter, with volumes in rural markets declining 1 percent on a two-year CAGR basis. Urban volumes, however, increased 3 percent on a two-year basis. ....

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FMCG giants feel the pinch as regional players' reach widens, Retail News, ET Retail

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. ....

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Small regional FMCG players make a comeback, grabbing shares from big companies

Several listed FMCG companies, including HUL, Godrej Consumer Products Ltd (GCPL), Marico, Britannia, and Tata Consumer Products Ltd (TCPL), in the September quarter earning calls, mentioned the competition from small players, forcing them to go for price revision. ....

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FMCG Giants: Small regional FMCG players make a comeback, grabbing shares from big companies, ET Retail

FMCG Giants: Several listed FMCG companies, including HUL, Godrej Consumer Products Ltd (GCPL), Marico, Britannia, and Tata Consumer Products Ltd (TCPL), in the September quarter earning calls, mentioned the competition from small players, forcing them to go for price revision. ....

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