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AYURVEDIC PRODUCTS SALES DECLINE
Myntra EORS sees 30% rise in new shoppers; D2C brands log strong demand growthMyntra said its latest End of Reason Sale (EORS) recorded a 30% year-on-year increase in first-time shoppers, with non-metro cities contrib...- As new phones, cars get costlier, Indians turn to second-hand market in drovesConsumers are increasingly turning to used phones and cars as new vehicle prices climb. Refurbished smartphones now make up over a quarter ...
- From raincoats to briefs to diapers: Textile PLI shows green shoots as imports drop, niche exports tripleIndia's textile sector is showing promising growth. The Production-Linked Incentive scheme is boosting local manufacturing. Imports of spec...
- Pfizer CFO Dave Denton to leave company in AugustPfizer's finance chief Dave Denton is leaving on August 15. Cecile Guegan will be the interim chief financial officer. Denton's departure r...
- Harley-Davidson, Hero MotoCorp to expand partnership for global entry-level bikesThe Harley-Hero partnership, which has on sale the HD X440 and Hero Mavrick in the local market, has planned a slew of launches this fiscal...
- India's thermal coal imports sink to a 4-year low as green energy reshapes demandIndia's thermal coal imports have reached a four-year low. This decline is attributed to higher domestic coal output and a significant rise...
- Meta head of product for 'AI for work' transformation is leaving companyA key Meta executive overseeing AI tool improvements is departing. Emily Dalton Smith was leading efforts to centralise internal AI tools i...
- Meta head of product for 'AI for work' transformation is leaving companyMeta is hitting a new chapter as Emily Dalton Smith, a key executive with a longstanding history at the company since 2015, exits. Her lead...
- Oil below $80 may cap fuel price hikes, boost India outlookFalling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic ...
- How Brexit is estimated to have hit the UK economyBritain's economy shows weak growth since leaving the European Union. Various researchers estimate significant losses in GDP, productivity,...
- China's May retail sales fall for first time in over three yearsChina's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail s...
- China's new home prices fall faster in May as property slump persists despite big-city resilienceChina's new home prices saw a 0.2% dip in May from April, marking a steeper decline and a 3.5% year-on-year fall. While larger cities show ...
- RBI puts curbs on banks' sale of third-party productsThe Reserve Bank of India has prohibited third-party incentives to employees of regulated entities, while allowing banks and NBFCs to rewar...
- India Inc gears up for Middle East rebound after peace dealIndian businesses are preparing for a surge in Middle East demand following a peace agreement. Companies are increasing production and secu...
- RBI releases final guidelines on marketing, sales incentives of financial productsRBI has prohibited third-party incentives to employees of regulated entities for selling financial products, while allowing banks and NBFCs...
- Alibaba bids $1.5 billion for China grocer Pupu in Meituan fightAlibaba is reportedly offering $1.5 billion for Chinese grocery delivery firm Pupu, initiating a bidding war to gain market share from riva...
- US drug regulator issues import alert for drugs made at a Dabur India plantThe US Food and Drug Administration has placed Dabur India's factory on an import alert. This action follows an inspection that revealed si...
- China learns to live on less fuel, to the relief of oil marketsChina's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles ...
- No raids till further orders: Maharashtra tells Bombay HC in Patanjali labelling caseThe Maharashtra government has assured the Bombay High Court it will halt raids and confiscations concerning ayurvedic product labels. This...
- Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...
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