Chennai

Cos take solace from Indian pharma market

Pharmaceutical companies in India are passing through a gray period as the US Food and Drug Administration (USFDA) is continuing to issue warnings about quality parameters of drugs amid soaring pricing pressure in US market, which is prompting firms to rumple themselves within the country. While a section of the industry hopes that the pressure would ease this year and lead to better growth, some are still skeptical. However, increasing off-take in the domestic market is a solace for all.

Rural market drives consumption demand

Consumption-led sectors have started reporting strong sales numbers for the June quarter buoyed by volume growth which has been backed by revival in consumer demand along with low base effect of the year-ago quarter. Except for textiles and jewellery, most of the consumption-led sectors have seen better growth compared to the previous quarters.

Grofers launches FMCG brands

With the online grocery market set to become active with the entry of Walmart, existing players like Grofers are becoming aggressive in terms of offerings. Grofers has launched five new private label brands that cover large range of FMCG products. With the launch of these brands, the company aims to double the revenue from private label products to 50 per cent this year and 70 per cent in the next three years.

Online night room bookings grow 50% in January-March

Online hotel room aggregators have witnessed one of the fastest growth rates of around 50 per cent in night bookings during the first quarter of this calendar year against the same period a year ago. During January-March, online travel saw daily night bookings growing to 150,000 against 100,000 in the same period last year. Fulfilled daily room night bookings went up to 110,000 against 73,000 in the year-ago quarter, as per the data from RedSeer Consulting.

Ashok Leyland forms new division for customers

The life-time spend of a commercial vehicle is 10 times that of the cost of the vehicle. No wonder, why commercial vehicle manufacturer Ashok Leyland is keen on bringing back its customer even after the sales.

In order to augment its after-sales revenue pools, the company is now in the process of launching a few initiatives under a new division- Customer Business Solutions- that will improve the stickiness of the customer. A co-branded fuel card is the first step in this direction.

Plan to phase out plastics in packaging remains on paper

The deadline to phase out non-recyclable multi-layered plastic used in the packaging of a wide variety of FMCG products has already passed. However, neither the central government has taken any step to implement the notification nor the industry has initiated steps to discard multi-layered packaging.

The Plastic Waste Management Rules notified by the ministry of environment, forest and climate change in March 2016, had stipulated that the “manufacture and use of non-recyclable multi-layered plastic if any should be phased out in two years time”.

Plan to phase out plastics in packaging remains on paper

The deadline to phase out non-recyclable multi-layered plastic used in the packaging of a wide variety of FMCG products has already passed. However, neither the central government has taken any step to implement the notification nor the industry has initiated steps to discard multi-layered packaging.

The Plastic Waste Management Rules notified by the ministry of environment, forest and climate change in March 2016, had stipulated that the “manufacture and use of non-recyclable multi-layered plastic if any should be phased out in two years time”.

Off-season is the new season to travel

Off-season is the new season as far as travel is concerned. Travel service providers are seeing significantly higher growth in bookings during this time due to lower tariffs of hotel rooms and airlines.

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