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Explained: How food labels will change in India from today
Fp Explainers •The new directives by FSSAI mandate e-commerce food companies like Swiggy and Zomato to display the calorific value and information related to nutrition and allergen of a food item on packages
Maharashtra: FMCG distributors call off stir against HUL, to continue action against Colgate
•The All India Consumer Products Distributors Federation (AICPDF) said in a statement that the distributors would continue to boycott certain products of Colgate as the oral care company has not come forward for talks
Q1 revenue seen falling 8-10% sequentially; year-on-year may clip at 50%: Crisil
•The Crisil estimate is based on an analysis of 300 companies accounting for 55-60 percent of the market capitalisation (excluding financial services and oil companies)
FMCG sector grows 7.3% in December quarter, rural sales up 14.2%, says data firm Nielsen
•The snapshot released by NielsenIQ’s Retail Intelligence team showed large manufacturers bouncing back and small ones clocking double-digit growth
Reliance Retail plans to use kirana stores for delivery of non-perishable items ordered on JioMart
Fp Staff •The kiranas will source goods from the retail giant or elsewhere in case it is not available with Reliance Retail.
Hindustan Unilever drops 'Fair' from 'Fair & Lovely' to make brand more inclusive
Fp Staff •Consumer brand Hindustan Unilever announced Thursday that it's dropping the word 'Fair' from its popular fairness cream brand 'Fair & Lovely' to achieve a "more inclusive vision of beauty", reports said.
Biscuit supply remains short of demand and trends show sector likely to grow in double digits even after lockdown
Sulekhanair •As lockdown eases, Kundu said growth in biscuits may subside during Q2 or Q3 but it will still see double digit growth in volume
Markets end strong after subdued sessions: Sensex rallies over 990 points, Nifty surges to 9,315; Axis Bank top gainer, soars over 13%
Fp Staff •Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.
Colgate-Palmolive India Q4 net profit rises 3.3% to Rs 204 cr on tax reversals; COVID-19 outbreak hits sales volume
•Colgate-Palmolive said its board in a meeting held on Thursday has declared a second interim dividend of Rs 16 perequity share for the financial year 2019-20.
After Narendra Modi's appeal to promote local goods, paramilitary canteens to now sell only indigenous products from 1 June
•Taking a cue from Prime Minister Narendra Modi's appeal to promote local products, Union Home Ministry on Wednesday decided that canteens of paramilitary forces will sell only indigenous products from June 1 in a bid to give a fillip to small scale industries and Khadi.