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• Corporate India produces a flop succession show

  Data from Deloitte shared exclusively with ET shows that the process works at just one of four organisations, although seven out of 10 do have a framework in place for succession planning.

  

• FMCG companies chart fast-moving sales growth path for kiranas to beat retail slowdown

  General trade remains the mainstay of FMCG sales in India, despite the surge in ecommerce in the past three years since the outbreak of Covid-19 and high growth of modern trade led by retail chains such as Reliance Retail and D'Mart.

  

• The big churn: More and more India Inc top bosses hitting exit button post Covid

  As many as 110 managing directors or chief executives who were also on the boards of NSE-listed companies quit in the first 10 months of 2023, as per data compiled for ET by primeinfobase.com.

  

• India Inc gifts staff work from home, even a week off amid shop-a-jams

  Traffic is worsening in Delhi, Mumbai and Bengaluru ahead of the Diwali festival and upcoming year-end holidays. Companies such as Mercedes-Benz, Marico, RPG, KPMG, Amway, and ABB India are offering flexible work options, with some even allowing employees to take a week off, to save them from the hassle of commuting.

  

• Appetite for growth: Big FMCG bite gives teeth to India's revival recipe

  Marico, maker of Parachute and Saffola oils, said the second quarter started on a positive note - with increasing demand trends in rural and urban areas in July - but saw a noticeable drop in overall sentiment, especially in rural areas, during August and early September.

  

• Mamaearth IPO: Snapdeal sharks hit jackpot, turn Rs 38 lakh into Rs 38 crore in 6 years

  Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal are among the two sharks who had acquired stakes in the digital-first beauty and personal care company at an average cost price of just Rs 3.21 per share in August 2017. At the upper price band of Rs 324, the duo stands to make an astounding profit of Rs 38.27 crore translating into a return of 9,993%.

  

• HUL steps up its advertising budget, raises outlay by Rs 679 cr in Q2

  HUL is not alone, with other leading stock exchange-listed consumer goods companies such as Colgate-Palmolive and Marico also expanding their advertising spend by 26-32% year-on-year in the September quarter. Most companies have been increasing advertising expenses with the improvement in margins due to the reduction in input cost pressures, industry executives said.

  

• Success(ion) Planning: India Inc stresses on plans for next-in-lines amid talent war

  Besides, a push from boards and investors amid a manifold increase in the complexity of risks facing any company is leading many - especially in sectors such as financial services and technology, and at large diversified conglomerates - to take succession planning to at least two levels below the CEO and CXOs.

  

• Mamaearth parent Honasa Consumer to launch IPO on October 31

  The company plans to issue fresh shares worth Rs 365 crore along with an offer-for-sale (OFS) of 41.25 million shares. This is lower than the initially planned Rs 400 crore fresh issue and an OFS component of 46.82 million shares.

  

• Consumer companies anticipate rural mandate with Assembly polls around the corner

  Consumer goods companies and automakers are optimistic that the upcoming elections in India will boost rural demand. Elections often lead to increased government initiatives, which in turn, stimulate rural incomes and liquidity. Companies like Marico, Dabur, and Godrej Consumer Products have noted that elevated food prices and below-average monsoons have delayed the recovery of the rural economy. During elections, political parties offer incentives in rural areas to gain support, such as subsidies, cash transfers, and policy moves that increase disposable incomes.

  

• Personal care brand Mamaearth gets set for renewed overseas push

  The company is already present in some overseas markets such as the UAE, Singapore, Nepal, Malaysia, Maldives and Mauritius, where it operates either through modern trade and ecommerce marketplaces, and even its own dedicated brand website in some cases.