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Supply, the distribution could not match fast growth at Patanjali: Acharya Balkrishna
Patanjali Ayurved chief executive Acharya Balkrishna has stated the firm’s sales have slowed down because its supply chain and distribution network could not keep pace with its growth, in addition to internal restructuring. “We were growing very fast but servicing the trade channels, infrastructure and the goods and services tax (GST) rollout impacted us,” Balkrishna …
Evaluating changes in FDI rules to avoid unintended consequences
US e-tail giant Amazon sees “very good long-term prospects” in the Indian market but is evaluating the recent changes in FDI rules for online marketplaces to ensure that there are no “unintended results” for customers and sellers on its platform. Amazon, which has committed over USD 5 billion investment in India, said it has created …
How railways put men at 11 level crossings a day
Indian railways did away with at least 11 of its thousands of unmanned level crossings each day during the past 10 months to eliminate these death traps. The last such crossing on broad-gauge lines was converted into a gated one in Allahabad on Thursday, the same day railway minister Piyush Goyal asserted in his budget …
New e-commerce rules jolt Amazon.in, Flipkart
India’s revamped e-commerce rules caused widespread disruption on Amazon’s India website when they kicked in on Friday, forcing the company to take down its key grocery service and remove a wide range of products such as sunglasses and floor cleaners. The products commenced to disappear from Amazon India late on Thursday as it began complying …
Government expands engagement with Arab leaders
India is stepping up its engagement with the Arab area with a series of engagements in February as Pakistan ups the ante on Kashmir across bilateral and multilateral forums. Besides a plan to host Saudi Crown Prince Mohammed bin Salman soon, foreign minister Sushma Swaraj will travel to Morocco, with which India has signed 40 …
Pakistan launches an attack on India’s quest for a permanent seat in UNSC
United Nations: Pakistan has set up a strong attack on India’s quest for a permanent seat on the UN Security Council blaming it as the “primary stumbling block” for reforms. Intervening in the discussions on Council reforms on Wednesday, Pakistan’s Permanent Representative Maleeha Lodhi did not mention India by name but she criticized its suggestion …
Make leprosy eradication programme massive like Swachh Bharat
Gandhi Peace Prize winner YoheiSasakawa has urged Prime Minister Narendra Modi to create the leprosy eradication programme as “massive” as Swachh Bharat Abhiyan and includes it in school curriculum to remove the stigma attached to it. As per World Health Organisation (WHO), India has the highest number of new cases of leprosy in the world …
More than 200 hotels check out of Oyo over disputes
More than 200 hotels have finished agreements with Soft-Bank-backed Oyo over mismanagement of contracts, arbitrary charges, and other disputes, industry associations said, adding that others want to exit contracts but are stuck for various reasons. Oyo refuted the allegations. “This is more dominant in the south and west but now hotels in north India are …
Mindtree founders eye white knight to check takeover bid
The founders of Bengaluru-based IT services company Mindtree are seeking to shore up their control of the company against a possibly hostile takeover, with 21% stakeholder VG Siddhartha’s exit imminent, said people aware of the issue. They have initiated an outreach exercise with private equity investors, family offices, institutional and HNI (high net worth individual) …
Increase custom duty on imported TV, AC, refrigerators and washing machines
The Consumer Electronics and Appliances Manufacturers Association (CEAMA) Friday urged the government to increase customs duties on imported finished goods while lowering the same on components in order to promote domestic manufacturing. Ahead of the interim-Budget, CEAMA has suggested growing the basic customs duty (BCD) on the import of finished goods such as TV, AC, …
GSKCH gets Competition Commission approval for Hindustan Unilever merger
Fair trade regulator Competition Commission of India on Friday approved the merger between GSK Consumer Healthcare (GSKCH) and Hindustan Unilever. “We would like to inform you that the CCI has, vide its letter dated January 23, 2019 (got on January 25, 2019), accorded its approval for the amalgamation of the Company with HUL,” GSKCH India said. …
Thackeray statue to be installed at Colaba junction
There is no place for a naval fighter jet to be put on display in Colaba, but a statue of late Shiv Sena founder Bal Thackeray will soon be installed at a traffic island at the Regal Cinema junction, formally called Dr. Shyama Prasad Mukherjee Chowk. Local resident groups and the Navy had requested the …