Corporate Diwali Gifts

For Mumbai executive Bibhas Chakraborty, Diwali used to mean shiny expensive gifts from business associates keen to use the auspicious -- and spectacular -- Hindu festival to deepen ties. Now it's mostly sweets and nuts.

The government's Diwali gift to India Inc is one of the most expensive ever - and a clear admission that the Modi Sarkar has finally accepted that the economy needs drastic measures. The only question is whether the rest of us can afford it.

FMCG companies, which generally bet high on festive sales, are reporting less than normal sales, says Assocham secretary general D S Rawat.

Diwali is round the corner. In just a week, the country would be celebrating the festival of lights. Diwali is certainly the time when people go out of their way to show their appreciation for people in their lives. It is also the time to show some appreciation for your employees.

Indian corporates will cut their budget for Diwali gifts by about 50 per cent this year due to high inflation and shrinking profit margins, a survey by industry body Assocham said today.

The company will start production at its Gurgaon facility from July or August and will launch it by Diwali.

For Mumbai executive Bibhas Chakraborty, Diwali used to mean shiny expensive gifts from business associates keen to use the auspicious -- and spectacular -- Hindu festival to deepen ties. Now it's mostly sweets and nuts.

The government's Diwali gift to India Inc is one of the most expensive ever - and a clear admission that the Modi Sarkar has finally accepted that the economy needs drastic measures. The only question is whether the rest of us can afford it.

FMCG companies, which generally bet high on festive sales, are reporting less than normal sales, says Assocham secretary general D S Rawat.

Diwali is round the corner. In just a week, the country would be celebrating the festival of lights. Diwali is certainly the time when people go out of their way to show their appreciation for people in their lives. It is also the time to show some appreciation for your employees.

Indian corporates will cut their budget for Diwali gifts by about 50 per cent this year due to high inflation and shrinking profit margins, a survey by industry body Assocham said today.

The company will start production at its Gurgaon facility from July or August and will launch it by Diwali.