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Covid impact on business not 'materially adverse' so far: Nestle India

FMCG major Nestle India NSE -0.52 % on Thursday said the impact of coronavirus pandemic on its business operations has not been "materially adverse" so far and the company will continue to evaluate the consequences of the health crisis and subsequent lockdown as the situation evolves. The company also does not see any "specific challenge in terms of its capital or financial resources" or any "significant deviation in profitability", Nestle India said in a regulatory filing.

 

Updates. 17-02-2020 🇮🇳

Business Standard

Ø Fiscal shortfall arrives at 132.4% of FY20 target

Ø GST assortment crosses Rs 1.1 lakh cr in January

Ø Forex hold hits new lifetime high of $466.69 billion

Ø BSE, NSE to open for exchanging on Saturday for Budget

Ø ITC Q3 results: Profit hops 29% to Rs 4,142 crore

Ø GDP development rate for 2018-19 reexamined to 6.1 pc

Ø Survey recommends rejecting of Essential Commodities Act

Ø ESOP for open segment bank workers mooted

Ø Tech Mahindra Q3 net benefit slips 5% YoY to Rs 1,146 crore, income up 8%

Ø Vedanta benefit rises 49% to Rs 2,348 cr in Q3 on the rear of lower costs

Ø HUL reports 12.95% ascent in solidified net benefit at Rs 1,631 cr

Ø Irdai's Committee on miniaturized scale protection proposes approaches to help section

Ø Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, remarkable increase

Business Line

Mint

Ø India has profited by and large from organized commerce understandings

Ø Coromandel International posts ₹265 cr benefit in Q3

Ø Vedanta purchases Ferro Alloys Corp for ₹10 crore

Ø Eveready sells Hyderabad plot for ₹100 crore

Ø FinMin prescribes sponsorship slices to extend financial room

Ø Heritage Foods nets ₹11.7 crore in Q3

Ø Adani vitality backup to set up 700 MW half breed vitality plant

Ø NSE to dispatch RFQ stage for obligation protections on 4 Feb; BSE on 3 Feb

Ø Motherson Sumi Systems to demerge local wiring outfit... (More)

Remarkably clever way to get your attention through a newspaper insert!

The default method is to simply print some/anything and get the local distributors to insert it in the newspaper.

 

When I opened the newspaper this morning, I stumbled on a Rs.2,000 note! After the initial few seconds of surprise, I realized that it is not a real note. That led me to open the note and then I realized that someone has really thought-through the tactic rather well.

 

The note is not set to the actual size of a Rs.2,000 note, but given the multitude of colorful and multi-sized new notes we are dealing with these days (it's a pain to organize them in a wallet, given the discomforting sizes), that doesn't matter.

 

The best part is that someone took the decision to insert them folded, to get that first, shocked attention from the reader! That's enough to make you pick it up and open it. A job creatively planned and perfectly executed, though, in terms of copy, there's no context for why Rs.2,000. Even the monthly fee is Rs.918. Looks like the Rs.2,000 is simply used as an attention-seeking gimmick; at that level, it sure worked.