0

Marico Q4 results: Profit slips 50% YoY; volumes drop 4%

It had posted a net profit of Rs 403 crore in the corresponding quarter last year.




0

Varun Beverages Q4 results: Profit gains 50% to Rs 60 crore

Total income during the latest quarter stood at Rs 1,724.51 crore, up 24.78 per cent from Rs 1,382 crore in the year-ago period , Varun Beverages said in a regulatory filing.




0

Liquor stock in excess of Rs 10 crore to expire: Maharashtra Hotels & Restaurants request for permission to liquidate stock

The association has stated that allowing liquidation of the unsold stock will minimize the losses and introduce working capital by encashment of the existing liquor stock.




0

Impossible Foods to sell plant-based burgers in Kroger's 1,700 stores

Impossible Foods expects to expand its retail footprint fifty-fold this year, it said, as demand for plant-based meat soars both in retail and restaurants among health and environment conscious customers.




0

Domino's Pizza to join S&P 500, despite pandemic's impact

While withdrawing its forecast for two- to three-year sales growth, Domino's said U.S. same-store sales were up 7.1% in late March and much of April, as diners under lockdown ordered home delivery more often.




0

Johnson & Johnson to buy Actelion for $30 b

J&J, already the world's biggest maker of health-care products, is fulfilling its goal of gaining a new drug category with the transaction and dealing a blow to France's Sanofi, which had also courted Actelion.




0

Himalaya aims Rs 1,000 cr turnover from baby, mom care products

The company, which reported Rs 500-crore turnover from its babycare portfolio last fiscal, recently opened its first exclusive 'moms & babies' shop in Bengaluru.




0

FirstCry to open its boutique store pop-up model across 300 franchisee outlets

The company has also built up an auto referencing system for its stores to stock inventory based on target group and purchasing power of customers in a given location.




0

Toonz Retail plans to invest Rs 30-50 crore in expansion

Currently, Toonz Retail runs 107 stores across India and in the coming year it is looking to come up with stores in Rajkot, Raiberali, Lucknow among other cities.




0

Spring 2020: Warm weather returns to the Phoenix area

People in the Valley enjoy the outdoors before the really hot weather starts.

       




0

About 400 inmates quarantined at CoreCivic prison in Florence, after 13 test positive for COVID-19

CoreCivic runs the facility that houses inmates for the U.S. Marshals Service, city of Mesa, U.S. Immigration and Customs Enforcement and the Federal Bureau of Prisons.

       




0

Arizona coronavirus update: 67 additional deaths counted, some from mid-April; 10,526 confirmed cases

Arizona cases of COVID-19 now exceed 10,500, with 517 known deaths, according to numbers from the Arizona Department of Health Services on Friday.

       




0

517 deaths, 10,526 cases in Arizona: Here's what we know about the spread of coronavirus in the state

So far, 10,526 cases of the new coronavirus have been reported in Arizona. Here's what we know about the people who have contracted it.

       




0

Arizona coronavirus update: 10,960 confirmed cases; 15 additional deaths bring total to 532

Arizona cases of COVID-19 now exceed 10,900, with 532 known deaths, according to numbers from the Arizona Department of Health Services on Saturday.

       




0

Wonderchef plans to open 100 exclusive outlets

Wonderchef, a Rs 200-crore company had recently entered north Indian market by launching its first flagship store in Gurugram.




0

TTK Prestige eyes over 30% sales from festive season in FY18

Prestige will also be launching new products in water purifier segment.




0

How chef Sanjeev Kapoor built a business empire that is valued at over Rs 1,000 crore

Sanjeev Kapoor's business ventures range from premium cookware and appliances brand Wonderchef to TV channel FoodFood to a chain of restaurants across India and abroad.




0

Govt. should grant industry status to retail sector in Union Budget 2018: Wonderchef

Ravi Saxena, MD, Wonderchef emphasizes that it is the best time to award industry status to retail sector for overall economic growth.




0

Kent RO eyes 10% growth this fiscal

Water purifier maker Kent RO Systems, which has expanded to verticals such as kitchen appliances, air purifier etc, expects around 10 per cent growth this fiscal and revenue around Rs 850 crore, said a top company official.




0

Sanjeev Kapoor's Wonderchef raises Rs 70 cr from Amicus Capital Partners

Founded in 2009 by Kapoor and former Sodexo Pass India MD Ravi Saxena, the company sells premium kitchen appliances, cookware and bakeware under the Wonderchef brand.




0

Borosil group eyes Rs 2,000-crore turnover in 5 years

​​The Borosil group, which comprises two listed entities Borosil Glass Works Ltd and Gujarat Borosil Ltd, expects to attain a combined turnover of around Rs 1,000 crore in the current financial year and from there, it hopes that it has "potential" to double it in the next 4-5 years.




0

Tupperware to open 100 new outlets in 2020

“We plan to launch 100 additional exclusive brand outlets to deepen our penetration across geographies and are confident of a warm reception across markets," said Deepak Chhabra, managing director of Tupperware India.




0

JSW Paints aims at Rs 2,000 crore revenue over three years

The Sajjan Jindal-led JSW group’s JSW Paints entered the highly competitive paints industry in India with an initial investment of Rs 600 crore.




0

We are aiming for Rs 3,000 crore in five years: MD Indigo Paints

From Rs 12 crore in FY09, the Pune-headquartered company, which is gunning for an IPO, closed FY19 with revenue of Rs 600 crore. Here Jalan talks to TOI about his plans for the company.




0

Asian Paints Q3 results: Profit grows 20% to Rs 764 crore, meets Street estimates

Asian Paints' revenue from operations rose 3% to Rs 5,420.28 crore from Rs 5,263.04 crore.




0

Pidilite leads $40m round in Pepperfry

Pepperfry may see another up to $40 million capital infusion over the next few months, said a senior executive at the online furniture retailer, without disclosing its valuations following the latest fundraising.




0

Online furniture seller Wayfair cuts 550 jobs, 3% of workers

Most of the layoffs are at its Boston headquarters and its European office in Berlin. The company has about 17,000 employees worldwide.




0

Swedish IKEA store finds 50,000 forgotten face masks, gives them to local hospital

Johan Andersson, the store's logistics boss whose team found them, had just read that hospitals were suffering from a shortage of masks amid the coronavirus outbreak so he rang up Sahlgrenska University Hospital - Sweden's biggest - in Gothenburg and asked if they were interested.




0

COVID-19 Outbreak At North Carolina Prison Grows To 150

A COVID-19 outbreak at a North Carolina state prison has spread to approximately 150 inmates. The Wayne County Health Department said in a news release Friday that 149 inmates had tested positive for the virus at the state's Neuse Correctional Institution in Goldsboro. State prison officials had announced about 80 of the cases the previous night. The county health officials said that the number of positive results was expected to rise as the prison completes testing on all of its 700 inmates. Newly positive inmates are being put into isolation, and the state is sending additional medical and security staff to the facility.




0

North Carolina Reports 350 New Coronavirus Cases

Authorities in North Carolina are reporting 350 new coronavirus cases in the past 24 hours, pushing the total number of cases to 6,500. Numbers released Sunday by the state health department show laboratory-confirmed cases increased from 6,140 cases to 6,493. The death toll increased from 164 to 172. Modeling released Friday by the University of Washington suggests that North Carolina may have reached its peak in coronavirus cases in the last few days, and that social distancing could be relaxed as soon as May 11 if sufficient testing is conducted, large gatherings are limited and other provisions remain in effect. Other models are less optimistic.




0

With 45 pc of national intake, southern states draw 10-15 pc revenue from liquor: Report

The five southern states of Andhra Pradesh, Telangana, Tamil Nadu, Karnataka and Kerala together consume as much as 45 per cent of all liquor sold in the country, the report by Crisil said. While Tamil Nadu and Kerala top the list in revenue percentage terms at 15 per cent each, for Kerala the tax on liquor is its single largest revenue source.




0

Madras High Court orders for TASMAC shops closure as TN crosses 6,000 Covid-19 positive cases

The High Court passed the interim order on Friday as a result of the blatant violation of the conditions that the court had prescribed under which liquor shops could function. These conditions included adhering to social distancing norms while also deploying additional staff to manage the crowd.




0

Bata to open 70 stores each year

Bata India Chairman Uday Khanna said: “We have plans to open 100 stores a year and would close 25 to 30 which are either at wrong place or not making profits. We tend to continue to keep this pace. (On a net basis) we do add about 70 stores a year.”




0

Bata to add 500 more stores in next 5 years on franchise model

Bata has already identified 180 such markets in smaller cities pan-India.




0

Bata asked to pay Rs 10,000 for charging Rs 2 for carry bag

The commission said that the bag which was made available by Bata in Rs 2 to the consumer had the company’s logo and accessories printed on it.




0

This footwear maker's stock surged over 1,600% in a decade

On a yearly basis, the Kolkata-based company's share price, which stood at Rs 1127.35, as of January 1, 2019, has gained around 55.32 per cent.




0

Woodland aims to double sales to Rs 2,500 cr by FY25

"Our topline was around Rs 1,250 crore (FY19) and is growing by 10 per cent every year, which is a quite healthy and sustainable," Aero Club Managing Director Harkirat Singh told .




0

Indian footwear sector revenues to drop by 10-15% in FY21: ICRA

The pandemic is also likely to catalyse the shift to e-commerce.




0

Tie-up with Virat Kohli's One8 contributes 10% of Puma India sales

According to the company, Puma's collaboration with the Indian cricket captain saw a massive rise in sales in FY2019 with sales through One8 accounting for almost 10 per cent of its overall sales, and cementing the leadership position by a wider margin.




0

Vatika leases 50K sq ft to Decathlon in Gurugram retail project

Vatika has leased this space to French firm Decathlon, which is into retailing of sports goods, at its project 'Shopper's Village INXT' in New Gurugram, Haryana.




0

Puma sees worse second quarter but growth in 2021

Puma said it expected all markets to recover by the end of the year and for growth to return in 2021, noting that the crisis has made many people do more sports than before and has strengthened the trend towards more casual dressing.




0

Titan Q2 profit inches up 2% YoY to Rs 320 crore, misses Street estimates

The company had posted Rs 314.38 crore profit in the year-ago period.




0

Titan Company drops 10% on poor H2 guidance

Analysts have largely cut their FY20 earnings forecast for the Tata Group firm by 4-10 per cent.




0

Traditional watches to get a sporty twist as athleisure trend picks up in 2020

The growth of healthy lifestyle has added impetus to the athleisure trend.




0

Smaller town push to help Titan hit 15-20% revenue growth

Jewellery remains the main business of the company, generating most of its operating profit (EBIT). It added 34 jewellery stores in the first nine months and plans to add another 16 by the end of the fiscal taking the total store count to 337.




0

(edited by) John G. Hanhardt, Gregory Zinman, and Edith Decker-Phillips – We Are in Open Circuits: Writings by Nam June Paik

The MIT Press, ISBN-13: 978-0262039802, English, 464 pages, 2019, USA

Nam June Paik is back in the limelight, thanks to an important historical exhibition at Tate Modern (see the report in this issue). There has




0

Giacomo Verde (1956-2020)

Italian artist and teacher Giacomo Verde passed away today. Video artist and activist he has explored the use of electronic and digital video image in theatre and performances. Among the highlights in his career he collaborated with Van Gogh TV




0

Coronavirus : Apple reopens 90 per cent of retail stores in China

Apple reopened 38 Apple stores which were temporarily closed after the epidemic, state-run China Daily reported. Only four stores remain closed.




0

Gaming firm Nazara Technologies signs up Credit Suisse to raise up to Rs 640 crore

Nazara Technologies has mandated investment bank Credit Suisse to raise Rs 480-640 crore, the largest capitalraise in India’s still nascent mobile gaming industry.




0

NVIDIA to expand gaming footprint in India, add 100 gaming cafes this year

There are nearly 100 such gaming cafes currently and less than 1000 non-exclusive cafes, said Vamsi Krishna, Head of Consumer Marketing, South Asia, NVIDIA.