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FMCG major Nestle India on Wednesday launched its own Direct-to-Consumer (D2C) platform, foraying into the fast-growing online channel. The company would launch its D2C platform MyNestl in Delhi-NCR and will expand to other parts of the country, said Nestl India Chairman and Managing Director Suresh Narayanan in the earnings statement of the company. This has been "created specifically keeping the consumer needs in mind, I am confident that MyNestl will delight the consumer in every way with curated product bundles, personalised gifting, subscriptions, discounts, and much more," he said. Moreover, consumers can also try gourmet recipes on the site and get free nutrition counselling, Narayanan added. During the July-September quarter, the e-commerce channel contributed 7.2 per cent of Nestle India's sales. It was largely fuelled by new, emerging formats such as 'quick commerce' and 'click & mortar'. Recently, several FMCG companies either have acquired, invested or built their D2C
Capital markets regulator Sebi on Thursday proposed a regulatory framework for the online bond platforms that are selling listed debt securities. Under the proposal, bond platforms should register as stock brokers (debt segment) with the Securities and Exchange Board of India (Sebi) or be run by Sebi-registered brokers, according to a consultation paper. This will also enhance the confidence among investors, particularly non-institutional investors, as the platforms would be provided by Sebi-regulated intermediaries. Additionally, the stock-broker regulations will be applicable to these entities, which would govern their code of conduct and other aspects related to their operations and risk management. "The debt securities offered for buy/ sale by the online bond platforms shall be only listed debt securities," Sebi proposed. It has been proposed that listed debt securities issued on a private placement basis, offered for sale on bond platforms should be locked in for a period of