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FMCG cos new mantra for modern retail growth
Driving consumption among middle and lower income consumers, collaboration between retailers and suppliers, understanding consumers is the mantra to grow modern retail in the coming days as the sector comes out of slowdown blues, say fast moving consumer companies (FMCG) and organised retail chains.

Godrej Consumer to renew focus on hair colours for growth
Godrej Consumer Products Ltd (GCPL) plans to strengthen its hair colour offerings through new launches and variants, in a bid to arrest its dipping market share in this lucrative sgment.

News of the day

Koda effect: Govt seeks audit of UBI branches
Taking a serious note of Union Bank of India (UBI) not reporting high-value transactions to it, the government has asked the state-owned bank to immediately carry out an audit of all its branches to check for such large deposits that have gone unreported.
Small Business

Japan's jobless rate falls to 5.5% in August: govt

Japan"s unemployment rate fell to 5.5 per cent in August, from a record 5.7 per cent in July, the first improvement in seven months, the government said today. - Asian stocks fall on growth concern - Govt will provide firm backup for JAL: Transport Minister - Nissan plans to drive in nine models to India by 2012 - Top 5 Japanese carmakers post smaller output falls in Aug - Oil lower in Asian trade as energy demand concerns resurface - JAL to be reorganised by govt The latest rate was lower than the 5.8 per cent the market had expected. The jobless rate for men fell to 5.8 per cent in August from 6.1 per cent in July with that for women edging down to 5.0 per cent from 5.1 per cent, the internal affairs ministry said. But another survey released by the labour ministry today showed there were only 42 job offers for every 100 jobseekers in August, matching a record low set in July. Many Japanese companies, particularly exporters, have moved swiftly to cut jobs and production in response to a slump in demand caused by the global economic downturn. Japan"s economy grew in April-June for the first time in five quarters but deflation is deepening amid weak domestic demand, while a strong yen is threatening exports. The Bank of Japan"s business confidence survey showed yesterday the nation"s corporate gloom has eased but the outlook for profits and investment remains bleak, highlighting the rocky recovery path facing the world"s number two economy.


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