Business World

    Tata Starbucks Highlights : Starbucks to resume dine-in services in seven cities. Stores will operate with 50% seating capacity. Tata Starbucks is a 50:50 joint venture. T ata Starbucks on Monday said the company will resume dine-in services in seven cities in India, with elevated cleaning and sanitizing protocols. Stores will operate with 50% seating capacity to allow for social distancing between customers and employees. The selected Starbucks stores are in Delhi, Bangalore, Hyderabad, Kolkata, Ahmedabad, Surat, Vadodara. Tata Starbucks is a 50:50 joint venture between Tata Consumers Products Limited & Starbucks Cooperation.

    Highlights : H&M India sales fall 74% during March-May quarter. H&M is the world's 2nd largest clothing firm. Globally, the Group's net sales decline by 50% Hennes & Mauritz ( H&M ) India reported a 74% decline in sales for the quarter ended May 2020, as most of the stores remained shut for nearly 2 months in the quarter. The world's 2nd largest clothing firm , which follows a December-November financial year, reported sales of ₹ 90 crore in the 2nd quarter. During the six months period ended May, it clocked ₹ 602 crore, a 19% fall as compared to a year ago. Globally, the group's net sales fall by 50% as stores were temporarily closed in many markets.  The Stockholm-based H&M has opened a store a month in India on average, so far since it's entry in India in October 2015, taking the total count to 48 at present . About H&M :   Hennes & Mauritz (H&M) is a Swedish multinational clothing-retail company, known for its fast-fashion...

IRDAI Highlights : IRDAI asks insurers to offer Corona Standard Policy by July 10 Nomenclature of the product should be Corona Kavach Policy Policy should also provide for pre and post hospitalisation medical expenses. A mid rising number of Corona Virus cases in the country, sector regulator IRDAI has asked the general and health insurers to offer short term Covid standard health policy for individuals by July 10. The policy should be offered for 3.5 months, 6.5 months and 9.5 months. The sum insurances could range from ₹ 50,000 to ₹ 5,00,000 ( in multiples of ₹ 50,000 ) The nomenclature of the product should be " Corona Kavach Policy " succeeded by the name of insurance company. The policy should also provide for pre and post hospitalisation medical expenses.

    L'OREAL Paris Highlights : L'OREAL to drop words 'white, light and fair' HUL to drop word 'fair' from fair and lovely. These announcements are due to Anti racism protest across the world L' OREAL Group has decided to remove the words whitening, lightning and fairness from all its skin-care products. This announcement from L'oreal comes a day after HUL said it is dropping the word ' fair ' from the Fair and Lovely. Last week, J&J announced it was exiting the fairness cream market. These announcements have come on the back of anti racism protest across the world following the killing of an African American by an African police official in the US last month. About L'OREAL :  L'OREAL is a French personal care company headquartered in Clichy, Hauts-de-Seine with a registered office in Paris. It is the world's largest cosmetic Company and has developed activities in the field concentrating on hair colour, skin care, sun protection...

Indigo Flexible Payment Scheme Highlights : Indigo flight offers pay 10% fare and get Ticket Passengers can defer 90% remaining payment for a period of upto 15 days If a passenger cancels his ticket, he will not be refunded 10% amount. I ndigo on Thursday announced a Flexible Payment Scheme called Flex Pay under which passengers will have to pay only 10% of the total fare amount at the time of booking . Passengers can defer 90% remaining payment for a period of upto 15 days either from the date of booking or before the date of departure. If a passenger has paid 10% of the fair amount to get a ticket and if he cancels his ticket without paying the remaining 90% he will not be refunded this 10% amount. About Indigo : Indigo is an Indian low cost airline headquartered in Gurgaon, Haryana . It is the largest airline in India by passengers carried and fleet size.  Indigo was founded in 2006 by as a private company by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal .  ...

                             Google Pay Highlights : Google Pay said all transactions are fully protected  User can reach out customer care 24/7 for any help Google Pay works as a technology service provider to partner banks  Google Pay on Wednesday said that all transactions made through its platforms are fully protected by redressal processes laid out in the guidelines issued by RBI and National Payment Corporation of Indian NPCI . The statement comes under the backdrop of social media buzz that issues that might arise while transfering money through Google Pay cannot be redressed under law as the app is unauthorized. This is incorrect and can be verified on NPCI's website - Google spokesperson said. Google Pay works as a technology service provider to partner banks, to allow payment via UPI ( Unified Payment Interface ).  UPI apps in the country are categorised as third party apps and are not...

Whirlpool Highlights : NAA finds Whirlpool of India guilty of denying GST rate cut benefit worth ₹ 4.07 lakh The Profiteered amount to be deposited along with 18 % interest Also the price of the product to be reduced NAA National Anti Profiteering Authority found Whirlpool of India guilty of denying GST rate cut benefit worth ₹ 4.07 lakh to its refrigerator buyers. The Director General of Anti Profiteering DGAP investigated a compalint filed alleging profiteering on supply of " Refrigerator Whirlpool FP313D Protton Roy Mirror " by not passing on the benefits of reduction in GST rates. The investigation found that Whirlpool has increased the basic price of the product when the rate of GST was reduced to 28%. The authority directed Whirlpool of India to deposit the Profiteered amount, along with  18% interest in consumer welfare fund within 3 months. It also asked the company to reduce the price of the product so that the benefits of tax reduction is passed on to customers.

                                    Amul Highlights : During the Lockdown Period, Amul doubles it's marketing spends Between April and May, Amul's ad volume went up by 21% Got 10 times more viewership than IPL, at one-tenth of the cost. D uring the Lockdown Period, Amul doubles it's marketing spends which helped brand gained advantage over rivals in terms of sales, brand building and gaining top of the mind recall. Unlike other consumer brands , which curtailed or stopped all advertising during April or May, Amul upped the ante. Between April and May, Amul's ad volume went up by 21% . Doubling of advertising budget for Amul was a calculated risk which paid off very handsomely for the brand. Amul hit a jackpot when Ramayan and Mahabharat came back on Doordarshan. They immediately grabbed the sponsorship deal. They got 10 times more viewership than the IPL  Indian Premier League, at one-tent...

Highlights : Mostly locals at Indian units to be employed by the Chinese Auto companies From factory floor to board rooms filled by Indian  MG Motor India, has 99.5% Indians on roll M ostly locals at Indian units to be employed by the Chinese Auto companies. Thus Chinese automakers are playing it safe with their Indian strategy. These companies are filling up positions from factory floor to board rooms predominantly with Indians. This, though, has been the strategy even before the current border skirmishes, as they believe a high level of local investment is crucial for long term plans. MG Motor India, the first Chinese owned automaker to launch full-fledged operations in India, has over 99.5% Indians on roll. Great Wall Motors, Foton and BYD which are in various stages of entering India, are also adopting the similar strategy, with minimum Chinese presence on their rolls. At Great Wall Motors, Pune factory, more than 90% employees will be Indians, with only a few critical positio...

   Highlights : Carnival Groups forays into the Cloud Kitchen Business Launch of Purple Foods & Beverages The company will partner with Swiggy and Zomato C arnival Groups, the operator of Carnival Cinemas, has entered into the Cloud Kitchen Business, with the launch of fully owned subsidiary of Purple Foods & Beverages. The group plans to start 100 cloud units offering 5 different brands in the next 2 years and has set aside ₹15 crore to invest in the company. The company will partner with delivery aggregators Swiggy and Zomato across its location for home delivery of food and beverages to the customers. The food options offered by Purple Foods and Beverages will be upto 20% cheaper, compared to others that are not made through a cloud kitchen, providing the cost efficiency of the Business model.  The brands offered by Purple Foods include: Purple Canteen (non-vegetarian) Green Canteen ( pure vegetarian) Red Bubble Cafe Movie Munchies  Fresh Counter  Abo...

Highlights : Sunil Rayan appointed as the President of Disney+Hotstar Prior to this, he was working with Google Disney+Hotstar competes with Netflix, Amazon Prime, ZEE5 & ALTBalaji Disney+Hotstar India, appoints Sunil Rayan as the President. Rayan has over 20 years of experience, and prior to this he was working with Google as the managing director for Google Cloud for Games. Before , he was with MCKinsey and Co for 8 years and has also worked with IBM and Infosys. Disney+Hotstar competes with Netflix, Amazon Prime, ZEE5 & ALTBalaji in the video streaming market which has witnessed fast adoption by the consumers during the lockdown. About Disney+Hotstar : Disney+Hotstar, also known simply as Hotstar , is an Indian over the top streaming service owned by Novi Digital Entertainment , a subsidiary of Star India. As of March 2020, Hotstar has at least 300 million active users. Star India officially launched Hotstar in February 2015 after 15 months of development, coinciding with ...

Reliance Industries Chairman and Managing Director, Mukesh Ambani with his wife Nita Ambani and son Akash Ambani Highlights : Reliance Industries becomes Net Debt Free It's market value tops ₹ 11 lakh crore  Raised more than ₹ 1,68,818 crore in 58 days R eliance Industries becomes Net Debt Free , months ahead of its target of March 2021. The market value of Reliance Industries topped the ₹ 11 lakh crore mark for the first time ever. Reliance Industries has raised more than ₹1,68,818 crore in 58 days through stake sales in Jio Platforms and through the rights issue. From the 11 deals of ₹ 1,15,693.95 crore, Reliance Industries sold a total of 24.70 % stake in the company ( Jio Platforms ). Chairman and Managing Director, Mukesh Ambani said - Realiance Industries is now "in its Golden decade" as his group achieved the goal of becoming net debt free many months ahead of the targeted March 2021. Reliance Industries's Rights Issue was subscribed 1.59 times , which th...

Highlights : Saudi Arabia's PIF to invest ₹ 11,367 crore in Reliance Jio For 2.32 % stake in the company At equity value of ₹ 4.91 lakh crore and enterprise value of ₹ 5.16 lakh crore Reliance Jio Platforms to raise ₹ 11,367 crore by selling 2.32 % stake to Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF). At the equity value of ₹ 4.91 lakh crore and enterprise value of ₹ 5.16 lakh crore. This will be the 10th investment for Jio Platforms. With the latest investment, Reliance Industries to get ₹ 115,693.95 crore in exchange for 24.70% stake from the 10 investors. The funds coming from JIO Stake sales and from the Rights Issue of ₹ 53,124 will help lower Reliance's consolidated net debt of ₹ 1.60 lakh crore. About Public Investment Fund of Saudi Arabia: The Public Investment Fund PIF is a sovereign wealth fund of Saudia Arabia. It is among the largest sovereign wealth fund in the world with total estimated asset of $320 billion. It was established in 197...

Bajaj Highlights : Bajaj Auto on Wednesday said that it has achieved 10 pc growth in the last ten years. It posted revenue of ₹ 29,919 crore in 2019-2020 With operating EBITA margins of 17.6 % at ₹ 5,253 crore  Bajaj Auto on Wednesday said that it has achieved a compound annual growth rate (CAGR ) of 10 % in the last ten years, with revenue shooting up to ₹ 29,919 crore in 2019-2020. Operating EBITA margins of 17.6 % at ₹ 5,253 crore and profit before tax of ₹ 6,580 crore. After the announcement of corporate results for FY 2020, Bajaj Auto has emerged as the largest 2/3 wheeler manufacturer in the country measured in terms of revenue. About Bajaj Auto : Bajaj Auto Limited is an Indian global two-wheeler and three-wheeler manufacturing company based in Pune, Maharashtra . It manufactures scooter, motorcycles and auto rickshaw. Bajaj Auto is a part of Bajaj Group . It was founded by Jamnalal Bajaj in Rajasthan in the 1940s. Bajaj Auto is the : World's 3rd largest manufacturer of moto...

Maruti Suzuki India Highlights : Marut Suzuki partners with IndusInd Bank for vehicle financing Customers can avail low EMI scheme  Offers valid for all Maruti Suzuki Models M aruti Suzuki on Tuesday announced that it has partnered with IndusInd Bank for vehicle financing to help increase sales. Customers can avail low EMI scheme for the first three months,  starting at Rs 899 per lakh; set-up scheme with EMI starting with Rs 1,800 per lakh;  upto 100% on road funding for customers with valid income proof. Customers not having valid income proof can can avail of upto 100% ex-showroom funding. The offers are valid for all Maruti Suzuki Models. About Maruti Suzuki : Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited , is an automobile manufacturer in India. It is a 56.21% owned subsidiary of Suzuki Motors. In other words, the parent company of Maruti Suzuki is Suzuki Motors, which is a Japanese car and motorcycle manufacturer company. Maruti Udyog Limited ...

PepsiCo Highlights : PepsiCo Foundation to invest 3 Million US Dollars for safe water access In association with Water Aid NGO Commitment to reach 100 million people with safe water access worldwide by 2030. P epsiCo Foundation on Monday announced that it is going to invest 3 Million US Dollars for safe water access to agricultural communities and help women. The company has association with Water Aid NGO. This programme aims to provide 2 lakhs farmers and their families with access to piped water supply for household use. The investment of 3 Million US Dollars in India is a part of PepsiCo Foundation's new commitment to reach 100 million people with safe water access worldwide by 2030. About PepsiCo : PepsiCo Inc. is an American Multinational food, snack and beverage corporation headquartered in Harrison, New York. PepsiCo was formed in 1965 with merger of the Pepsi Cola Company and Frito-Lay. Pepsi Tagline : That's What I Like Pesi logo

Highlights : Increased in the demand for Branded and Packaged commodities  Consumers are now more Health and hygiene concern Consumers want commodities which have minimum human touch There is a surged in the demand of branded and packaged commodities as consumers are now more Health and hygiene concern.  Consumers want commodities which have minimum human touch . Consumers have now shifted from buying loose staple commodities such as rice, wheat, oil, pulses and atta after covid-19 outbreak. Taxation also favours loose Products and commodities. There is a GST on packaged brands but it is exempted for companies selling loose products.

GST relief to Small Businesses Highlights : GST council gave some reliefs to small businesses Taxpayers who could not file their GST returns can now file them  The window will be open from July 1, 2020 to  September 30, 2020. GST council on Friday, gave some reliefs to small businesses.  Taxpayers who could not file their GST returns between July 2017 and January 2020 can now file them after paying a late fee of ₹ 500 if they have tax liability. Taxpayers who do not have any tax liability and who missed filing returns will not have to pay any late fee.  The window to do this will be open from July 1, 2020 to September 30, 2020. Nirmala Sitaraman, union finance minister said that the council has slashed the interest rate by half for non-compliance by small businesses having turnover of upto ₹5 crore. Small taxpayers who missed filing returns for February, March and April due to pandemic will not be charged any interest till July 6, thereafter they will have to pay 9...

CORONA TIPS :-  If you want to defeat  Corona Virus  and want to live a normal life as before then Daily take sunlight☀️ for about 15 minutes before 11 am Why ?   Because in the past when there were no medicines, then sunlight was the only medicine.  Believe it, every diseases can be cured by sunlight. Even cancer can be treated by taking sunlight for 15 minutes everyday. #we_will_win Corona Virus you will Die.. We will Win.. * This blog is written on the basis of a video which the author has watched on YouTube.

Highlights : Revenue of Dairies to hit by covid-19 Due to less sales of value-added products In the past decade, the dairy industry logged 10% compound annual growth rate. R evenue of the dairy industry to hit by covid-19. Because of less sales of value-added products like ice-cream, cheese, flavoured milk and yoghurt. Past decade the dairy industry logged 10% compound annual growth rate. However, steady liquid milk sales will prevent the bigger fall in the revenue of the industry. The lockdown has not affected the supply of liquid milk as it is a essential commodity.  Futher milk contains vitamin D which is good for healthy immunity. CORONA TIPS :-  If you want to defeat Corona Virus and want to live a normal life as before then Daily take sunlight☀️ for about 15 minutes before 11 am Why ?   Because in the past when there were no medicines, then sunlight was the only medicine.  Believe it, every diseases can be cured by sunlight. Even cancer can be treated by takin...

The Taj Mahal Palace Highlights : Tata Group's IHCL to start Home Delivery of Food and Beverages Also offers Technology Detox to customers Will offer Ayurvedic Treatment  T ata Group's IHCL ( Indian Hotels Company Limited ) to start Home Delivery of Food and Beverages. IHCL also offers Technology Detox* to customers, because guests have been in their homes for a long time and have been in their phones, or watching television a lot more than usual. Many Ayurvedic Treatment will be a part of this offer. *Technology Detox  means a period of time when a person voluntarily refrains from using digital devices such as smartphones, computers and social media platforms. This form of detoxification has gained popularity as individuals have increased their time spent on digital devices and the internet. R.E.S.E.T. strategy is to be followed by the company to address the challenges posed by the global crisis and help the company navigate through this difficult times. R evenue Growth E x...

Nisaba Godrej Highlights : Nisaba Godrej to take over the role of MD and CEO at Godrej Consumer Products Limited (GCPL) Due to the resignation of Vivek Gambhir  First time in GCPL history, CEO and MD from promoters family. N isaba Godrej to take over the role of MD and  CEO at Godrej Consumer Products Limited due to the resignation of Vivek Gambhir , who resigned from some personal reasons. This is the first time in the company history when the post of MD and CEO will be held by the member from the promoters family. Nisaba is currently the executive chairman of the company and will take the additional responsibilities with effect from July 1,2020 . Experts say that this move may be negative in the sense that a Professional MD is being replaced by a Promotor. About Godrej Consumer Products Ltd: Godrej Consumer Products Limited is an Indian consumer goods company based in Mumbai, India. It was founded in 2001 and it is a public company. It's parent company is Godrej Groups. Th...

                                  Parle-G Highlights : Parle G Biscuits records the best sales during the covid-19 lockdown period The 82 years old Parle-G biscuits makes about 400 million of Parle-G biscuits every day. Sell at ₹ 77 per kg. T he 82 years old Parle-G Biscuits records the best sales during the covid-19 lockdown period. The ₹5 cookies came handy with many migrants who trekked hundreds of kilometres to get back home. In normal time,it makes about 400 millions of Parle-G Biscuits every day. The distance between the Earth and the Moon can be covered if a month's production of Parle-G Biscuits is stacked side by side. Parle-G sells at ₹ 77 per kg which is much lower as compared to other biscuits. About Parle-G :  Parle products was established as a confectionery market in the Vile Parle suburb of Mumbai in 1929. Parle-G was earlier called 'Parle Gluco' Biscuits until the 1980s.  The...

Haldi Milk Highlights : Mother Dairy launches Haldi Milk to boost Immunity  Each bottle of milk accounts for same as taking a teaspoon of haldi powder in milk Priced at ₹ 25 per bottle of milk M other Dairy launches Haldi Milk to boost Immunity of the consumers. Each bottle of milk accounts for the same benefit as taking one teaspoon of haldi powder in milk.  The price of the milk bottle is ₹ 25 . Turmeric or haldi is helps in improving the immunity and is also recommend by the  AYUSH Mantralaya . Mother Dairy markets edible oil under the Dhara brand. And it markets fresh fruit and vegetables, frozen vegetables, unpolished pulses and honey under the Safal brand. About Mother Dairy : Mother Dairy Fruit and Vegetables Private Limited, is an Indian company that manufactures, markets and sells milk, milk products and other edible products. Mother Dairy was founded in 1974 , ad a wholly owned subsidiary of National Diary Development Board (NDDB). The National Dairy Develop...

                                    HUL Highlights : HUL adapts to New Modern Trade channels, i.e., e-commerce Focus on maintaining online presence and online sales HUL is using savings to invest in growth areas of the future and better product H UL, Hindustan Unilever Ltd adapts to the New and modern trade channels of e-commerce. HUL considers e-commerce as the channels of future and due to the Corona pandemic, e-commerce is showing an increasing trend. The company starts focusing on maintaining the online presence and also to promote online sales. HUL is using its savings to invest in growth areas of the future and better products. About HUL : Hindustan Unilever limited is an Indian subsidiary of Uniliver PLC. It's headquarter is in Mumbai, India. HUL was established in 1933 . HUL Tagline :  Hath, Munh, Bum, Bimari Hogi Kum..   HUL logo :: secrets

                                         Coal Highlights : Government to invest ₹ 1 lakh crore in Coal Production  To reduce the import of Coal 70 - 80 % of country's electricity is generated using coal. U nion Minister Pralhad Joshi on Saturday announced that government is going to invest ₹ 1 lakh crore in the next 3 - 4 years to increase country's coal production. So that it will help to reduce the dependency on other countries to import coal. Currently 70 - 80 % of country's electricity is generated using the coal. He said that the Coal India Limited CIL has been given the specific target of one billion tonnes of Production by 2023-24 and for that 60 new coal blocks have been allotted to it. Joshi said that in the next one month, the government would announce the auction of 50-60 % of the mines of other minerals.

ITC laundary Services Highlights : ITC Hotels launched Laundry services for its customers  It has launched in the metro cities currently Last week ITC announced its partnership with Swiggy I TC Hotels launched Laundry services for its customers. Currently it has launched in the metro cities of Delhi, Kolkata, Bengaluru, Hyderabad, Vishakapatnam and Chennai. It will expand its services to other state in near future. Last week ITC Hotels made an announcement that it has done the partnership with Swiggy for offering the dining options to customers at home. ITC said that customers have to submit their items at a designated point in the hotels. The laundary would be ready to pick up by the customers within 24 hours. And customers will be intimated via a message on their phone which includes payment link to ensure contactless payment.

Jeff Bezos Highlights : Amazon is in talks to invest 2 billion dollars in Bharti Airtel It would convert into about 5% stake in the company There is a growing attraction of India's Digital Economy A mazon is in talks to invest 2 billion dollars in Bharti Airtel which would convert into about 5% stake in the company. There is a growing attraction of India's Digital Economy in the foreign countries.  You may be aware of the deal of many US firms with Reliance Jio Platforms. KKR, FB and others have recently invested about 10 billion dollars in the JIO platforms. Now another major player Amazon is looking to invest in Jio rival Airtel. However, at the end of the day Bharti Airtel said that there is no other activity to the report. The stock on Airtel ended at 3.5% higher at BSE on Thursday. About Amazon :  Amazon.com Inc. is an American Multinational Conglomerate Technology Company based in Seattle, US that focuses on e-commerce, cloud computing, digital steaming and artificial i...