COUNTRY,FINANCE,MACROECONOMY,

POLICYANDPOLITICS

The Reserve Bank of Indiaestimates that Indian bankswill have capacity to lend anextra Euro 26 billion to Euro37 billion over the next yearafter it decided to relax adeadline for lenders toboostcapitalratio.Central board of direct taxes(CBDT) declared that 7.5million new tax fillers havebeenaddedtotheincometaxlist till now and CBDT ishopeful that it will achievethe target of adding 12.5millioninthisfiscal,lastfiscalithadadded10.6millionnewtaxfillers.India’s growth slowed downto7.1%afterbreakingthe8%mark in the previous quarteras back-to-back interest ratehikes, a funding squeeze andweakerexportdemandputabrake on the world’s fastestgrowing major economy.Total GST collection datareleased by government:CGST isEuro2.1billion,SGSTisEuro2.8billionAndIGSTisEuro6.2billion.

Fiscal deficit exceeded thebudget estimate for the yearat the end of October as taxrevenues remained muted.The government budgeted afiscaldeficitofEuro78billionforFY19,or3.3%oftheGDP.Fiscal deficit at the end ofOctober was Euro 81 billion,or 103.9% of full fiscal FY19estimates.Fiscaldeficitatthesame point last fiscal was96.1%offullyearestimates.

CONSUMERMARKETSLifestyle-Fashion

•  TheRaymondbrandopenedits200thMiniTheRaymondShop(MiniTRS)inBengaluruandisplanningtoadd600moreintier-IV,VandVItowns.

•  BeingHumanpartneredwithMumbaibasedStyleQuotientJewelryPvt.Ltd.tointroduceBeingHumanJewelry’s1stexclusivefranchisestoreinChandigarh.StyleQuotientJewelryPvt.Ltd.holdsthegloballicenseofBeingHumanJewelry.

•  TheGujaratbasedhomedécorbrandCasaBuzallonghaslauncheditsfirststandalonestoreinVadodara.Thisnewstoreisaonestop-shopforhomedécorneeds.

•  EastAsia’saffordablelifestylebrandMumuso,withastrongpresenceinover30countriesacrosstheworld,hasenteredtheIndianmarketbyopeningitsfirststoreinKolkataandplanstoopen300plusCompanyowned/Franchisestoresby2022.

•  Carpisa,theItalianbrandknownforitsfinecollectionofhandbags,travelluggage,walletsaccessories,haslaunchitsonlineforayinIndiaviaanexclusivetieupwithMyntra.

•  The Italian sports-fashion brand Fila has announced its first heritage collaboration with Indian-Canadian streetwear label NorblackNorwhite.ThecollaborationisafusionofIndianstreetwearwithsportsfashion.

•  BabaRamdevhaslaunchedtheapparelbrandPatanjaliParidhanwhichwillsellsportswearbrandLivfit,WomenswearbrandAasthaandMenswearbrandSanskarwithmorethan35,000SKUsacrossstore formatsthatwillhaveanareaof500-2000sq.ft.PatanjaliParidhanaimstoopen500storesby2020.

•  India’s topapparel retail chains Shoppers Stop,Reliance trends, Lifestyle, Futuregroup,Max, Fabindia reporteddoubledigit growth insalesduringthefestiveseason.

•  Henne&Maurtiz(H&M)openedits36thstoreinIndiaandfirstoutletinametrostationatHudacityCentre,Gurgaon,thatspreadsacrossas area of about 12,000 sq.ft. H&M countrymanagerwas quoted as saying “We see tremendous potential here to invite a large andrelevantsetofcustomersasHudacityCentreisthelastmetrostationinGurgaonandisoneofthebusieststationsintheNCR.”

RetailOnline-Offline•  LOTSwholesalesolution,apartoftheCharoenPokphandgroupandawhollyownedsubsidiaryofSiamMakroPublicCompanyLimited,

unveiled itssecondwholesaledistributioncenter in IndiaatAkshardham.This facility isall set tocaterover45,000registeredbusinesscustomerswhichincludeHoReCa,Corporates,educationinstitutesandhospitals,withawiderangeofmorethan5,000foodandnon-foodproducts.

•  ConsumerdurablechainCromaelectronicsreceivedaninfusionofEuro31.2millionFromTatasonstorampupitsexpansiongoals.

•  WalmartIndiaopenedits23rdwholesalestoreinVisakhapatnam.WalmartIndiaisplanningtotakethetotalnumberofstoresto70by2022withan~Euro400millioninvestment.

•  De'LonghiGroup,therenownedItaliansmallappliancesmaker,todayannouncedastrategicpartnershipwithOrientElectricLimited,tobringitsinternationalpremiumrangeofsmallappliancestotheIndianmarket.

•  ShopClues,anonlinemarketplace,openeditsfirstofflineshopinLucknowwhichisspreadover600sq.ft.Itplanstoopen5morestoresin2019.

•  AmazonhasinjectedEuro15.25millioninitsIndianlogisticsarm,whichincludesover50fulfillmentcentersacrossthecountry.

•  Flipkart and Amazon record significant growth in customer base during the festive sales that kickstarted in early November. Flipkartdoubled itscustomerbaseover lastyear’sfestivesale,Amazonsaidhalfof Indianonlineshopperstransactedon itsplatform.Flipkart’s49%ofcustomerscomesfromMetroandtier-Icities.

•  Flipkart’sco-founder&groupCEO,BinnyBansalhassteppeddownfromthecompany.KalyanKrishnamurthywillcontinuetobeCEOofFlipkart.AnanthNarayananwillcontinueasCEOofMyntra&Jabong.

•  MyntraandJabongwillnowfullyintegrateforbetteraligningresourcesandlong-termplans.

•  Ikeahired10,000direct,indirectemployeetoopenitssecondstoreatNaviMumbaiby2019.

•  BeautyretailerNykaareported5xgrowthyear-on-yearinordervolumesduringits4dayssale.

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SITEX2019Venue:SuratInternationalExhibitionandConventionCentreDate:04–06Jan.201968THNATIONALGARMENTFAIRVenue:BombayExhibitionCentreDate:30–31Jan2019IndiaFoodForum2019Venue:RenaissanceHotel&Conventioncentre-PowaiDate:5–6February2019

FoodServices

•  LeadingfoodorderinganddeliveryplatformSwiggyhasexpandeditspresenceinthecountrybylaunchingservicesinsixteennewcities.

•  India’sIconicdairybrandKeventerslaunchedanewlineofpremiumice-creamstoexpanditsproductportfolio.

•  TheThickShakeFactory,apremiumthickshakebrandservesover50typesofshakeswithmorethan40toppings,recentlycompletedacenturyofbeingoperationalwithmorethan100outletsinIndia.TheyarenowplanningtoexpandthefootprintinTelangana,TamilNadu,AndhraPradesh,Karnataka,Gujarat,Maharashtraandotherstatesinthecomingfewmonths.

•  AmbujaNeotiaGroup’shospitalityverticalhasrecentlyintroducedgloballyrecognizedAmericancasualdiningchain,UnoChicagoBar&GrillinIndiathroughthefranchiseroute.ThefirstoutlethasopenedatGardensGalleriaMall,Noidaanditisalsoplanningtoopen12-15outletsinthenext3yearswithestimatedinvestmentsupwardsofEuro7.5million.

•  ChaiPointisplanningtoopen20morecompany-ownedoutletsinthenextthreetofourmonths.

•  JubilantFoodworksLtd.,theownersoftheDomino’sFranchiseinIndia,iscurrentlyinthetest-runstageatamass-pricedChinesecuisinelocationinNewDelhi.TheChineseKitchenistheworkingnameofthelistedfoodchain’sfirstindependentventure.

•  TheNational Basketball Association (NBA) and fast-food chainMcDonald’s have entered in to a partnership to introduceNBA-themedpromotionsandinteractiveNBAExperienceZonesinselectMcDonald’slocationsin39citiesacrossIndia.Theone-monthtie-upwillallowtheburgerjointtogiveawayanNBA-brandedbasketballwitheveryfamilymealpurchaseatanyMcDonald’srestaurantintheWestandSouthregion.

•  Coffee Day Enterprises, owners of India’s largest coffee chain, had total income grow to Euro 126.8million during the quarter underreview,up12.42%asagainstEuro112.7millioninthecorrespondingquarteroftheyear-agoperiod.Butitsconsolidatednetprofitfallby60%duetohigherexpenses.

•  After a tough yearwhen the rollback of input tax credit, inflation, and policy restrictions hit profitability, theHoReCa sector is seeingdoubledigitingrowthacrossformats.

•  UberEatsappointsBollywoodstarAliaBhattasitsbrandambassadorinIndia.

•  Thegovernmenthassanctioned42MegaFoodParks(MFP)tobesetupinthecountry.Outofthis14willbecomeoperational.

•  TheUAE-basedRainbowHospitalitygroup,which runs several restaurants inDubaiandSharjahandhasa strongpresence in the foodcateringbusinessisplanningtospreaditsoperationsinKerala.IthasbegunservicesinthestatestartingfromKochi.TheGrouphassetupaEuro800kcentralisedkitchenatNjarrakalinKochiwhichcanmake10,000dishesdailyforcatering.

•  Frozen food company Sumeru has announced plans to grow its domestic market through its signature ‘frozen gourmet meals” incollaborationwithMichelinstarchefAlfredPrasadtoday.

•  Baristawill launch FMCG products, including honey, instant coffee, chocolates and cookies,whichwill be sold throughmodern retail.Baristaalsoplanstoadd300outletsinthreeyears,takingthetotalnumberofBaristacafésto500.

Beauty&PersonalCare•  TheU.K.basedluxurybrand,Truefitt&Hillhasopenedits15thstoreinJuhuwhichspreadover1,400sq.ft.

•  Panache Academy, which provides hair and beauty education to young aspirants, offers comprehensive courses at par with globalstandardsandcoversthesegmentsofhair,skinandmake-up.

•  Naykaa.com,India’sleadingbeautyretailer,haslaunchedandwillhaveexclusivemarketing/salerightforKoreanbeautybrandLaneige.

•  Bath&BodyWorks,oneoftheworld’sleadingspecialtyretailersoffragrantproducts,launcheditsthirdmono-brandstoreatAmbienceMall,Gurugram.

•  ThesizeofhaircolormarketincreasedfromEuro212.5milliontoaboutEuro237.5millionyear-on-year.

•  BritishluxurybeautyandfragrancebrandMoltonBrownissettoopen15storesacrossIndiaoverthenextfiveyears.

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