As consumption patterns shift to food delivery, with a greater focus on hygiene and safety, disposable takeaway packaging options have registered a higher demand. Deepang Nandu, Managing Partner, Ecolyf by Silver Impex, a company into eco-friendly disposable products, elaborates, “The demand for these products had already begun when the plastic ban happened and with COVID, packaging and disposable cutlery has further received a boost. In Western and Southern India, our business has grown by almost 50 percent. However, with the cost of raw materials which are imported, having gone up, our margins are now calculated on a consignment basis, rather than on each piece. We supply mainly to five-star hotels and the volumes have increased.” … [Read more...] about How new verticals in home-delivery and takeaway space are helping restaurants tide over COVID crisis
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Going by media reports, if government offloads 40 percent stake in IDBI Bank to LIC thereby bringing down its stake to a minority partner, the government would, at current market price, get Rs 9,734 crore that will only add to its own disinvestment kitty (given that the year is turning out to be difficult with big ticket sale like Air India unlikely to go through). However, a bank in dire need of capital will not get a dime. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?