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INVENTORY OF STOCKISTS
Cotton prices down 3% on import duty suspension, may slide moreIndia has suspended its 11% import duty on cotton until October. This move has immediately reversed the recent rally in cotton prices, with...- Decoding govt’s wheat strategy: Can higher procurement push and export quota hike lift the sector?Experts say wheat procurement may be constrained by limited storage, while exports remain largely uncompetitive globally.
- Mamaearth parent dismisses distributors’ claim of Rs 300 crore unsold inventory as ‘misinformation’Mamaearth's parent company, Honasa Consumer, refuted claims of excessive unsold inventory, stating their total inventory is significantly l...
- Delhi to shut down all units dealing in single-use plastic items from Jul 1"We have issued strict directions to manufacturers, stockists, suppliers and distributors of single-use plastic items to ensure zero invent...
- Biddano to expand reach in over 50 cities, GMV crosses $100 millionBiddano, a healthcare supply chain platform, said it will expand across India to over 52 cities by year-end, trebling its reach from 15 cit...
- Mentha oil prices climb on firm spot demandRaising of bets by speculators drove mentha oil prices higher in futures trade.
- Mentha oil prices jump on healthy spot demand"The sentiment for mentha oil is positive because of a rise in demand from domestic stockists amid lower inventories," said brokerage SMC G...
- Pharma firms tide over GST impactPharma firms had seen their revenues negatively impacted in the first quarter due to destocking ahead of the GST implementation.
- Essential drugs to be sold at non-GST price till August"Although hospital services are exempt, the outsourced services, aesthetics and outpatient pharmacies are subject to GST imposition."
- Pharma companies still facing GST rollout bluesThe All India Organisation of Chemists and Druggists, which represents over 8 lakh chemists, has assured the government that supply of drug...
- Consumer-facing firms selling cars, electronics will be GST-ready only by mid-JulyCentre relaxed the procedure for filing returns for the first two months of GST implementation, taking into account concerns expressed by t...
- GST may not impact essential drugs stockRecently, pharma research firm, AIOCD Awacs which tracks seven lakh chemists, also said it did not foresee shortages at the consumer level.
- Consumer-facing companies stare at over a month’s sales loss due to GSTCompanies with extensive wholesale channel sales and distributor stocks in consumer staples are mostly likely to be hit by this unexpected ...
- Ahead of GST, drug inventories cutStockists, worried they may suffer losses on account of a possible mismatch between tax payouts and tax refunds once GST kicks in, have sta...
- Drug ban: Pharma market to see immediate loss of Rs 1,000 croreTaking the drug industry by surprise, the health ministry, in a notification issued on March 12, prohibited the manufacture, sale and distr...
- Stable crude oil price, too, to benefit India IncOne direct benefit is that the companies start benefitting from the inventory gains which reflects in the company’s net profit.
- Drug sales rise 18% in MarchRetail sales of drugs in March registered the strongest monthly growth since February 2008 on the back of an aggressive pitch by companies ...
- Drug retail sales hit 14-mth high in MarRetail sales of drugs in March registered their strongest monthly growth since February 2008 mainly on the back of an aggressive pitch by c...
- Edible oils remain down on weak global cues; sluggish demandEdible oils fell further in the national capital during the week under review on persistent selling by stockists, sparked by heavy losses i...
- Base metals remain weak on global cuesThe wholesale prices of base metals continued to decline here today on increased selling by stockists, triggered by weakening global market...
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