Retailers selling cigarettes and liquor in black hike prices
While grocery shops are the only ones selling cigarettes since pan-and-cigarette shops remaining closed for the 21 days lockdown, these retailers are selling packs at Rs 5-15 more than their printed price citing limited stock, a senior industry executive said.
Wind turbine maker Nordex suspends production in Spain
The move takes the number of idled wind power factories in Europe to 15, as the impact...
Mobile phone makers seek rollback of GST increase
In a recent letter to finance minister Nirmala Sitharaman, the Indian Cellular & Electronic...
Phone makers likely to slash marketing expenditure by 70%
Smartphone companies are likely to slash their marketing expenditure by up to 70% as footfalls disappear in brick-and-mortar stores and orders slide on ecommerce sites due to the Covid-19 pandemic, market experts said.
Steel makers ask employees to declare travel history
rom banning large gatherings at their offices and facilities to avoiding domestic and abroad travel, and encouraging work from home, steelmakers are taking several precautionary steps to protect its employees amid the outbreak of the novel coronavirus, the steel companies said.
Govt asks liquor makers to manufacture hand sanitisers
“Now we want distilleries that have their own bottling plants to add a new product line - sanitisers - to their line up of alcoholic beverages. This will put off pressure from hand sanitiser industry which is facing huge challenge to meet the demand,” said a senior food ministry official.
Godfrey Phillips India Q3 results: Net profit up 39% at Rs 113.89 crore
The company had posted a net profit of Rs 81.84 crore in the same quarter last fiscal.
Fresh row over Rs 41k crore sops for electronic makers
The Department of Revenue and the handset industry, backed by the IT ministry, are at odds over the implementation of the much-touted Rs 41,000-crore production-linked incentive scheme to boost local manufacturing and exports.
Lockdown: Auto makers go digital to sell BS-IV inventory
With the Supreme Court having given a 10- day breather to sell 10% of unsold BS4 inventory and BS6 emission vehicles set to come in from April 1, auto makers have no other choice but to increase their digital footprint.
Covid lockdown: Smartphone makers ping government for essentials tag
Industry bodies Manufacturers’ Association of Information Technology (MAIT) and India Cellular & Electronics Association (ICEA) have written to the government seeking concessions in the delivery of smartphones among other electronics devices and removal of restrictions on the movement of components for inland and export purposes.
Godfrey Phillips continues to fall unabated, slumps 6%
Shares of the company have fallen 18 per cent in the last three sessions.
Appliances, consumer electronic makers assist customers virtually amid lockdown
Appliances and consumer electronics makers are using social media platforms and other online tools to reach their customers, who are facing problems with products amid the lockdown.
BCAS bans e-cigarettes in airports and aircraft
"Upon the prohibition of electronic-cigarettes by the Ministry of Health and Family Welfare, it has been decided that e-cigarettes includes all forms of electronic nicotine delivery system (ENDS), heat not burn products, e-hookah and the like devices," stated the Bureau of Civil Aviation Security circular dated January 10.
ITC focuses on innovation to sustain leadership position in cigarette biz
Industry sources said that ITC has been introducing new variants and augmenting its product portfolio in the cigarette business. "Key market interventions in recent months include the launch of innovative and differentiated offerings such as Gold Flake Indie Mint, Gold Flake Neo and Classic Rich & Smooth in the premium end," according to sources.
Makers of potential Covid drugs, testing cos may draw investors
Cadila has 32 per cent market share in API hydroxychloroquine in the US.
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