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CONSUMER DURABLE SALES INDIA
Indians may heed PM Modi's gold message this festive season, with a twistIndia’s festive gold demand is likely to be stronger in value but weaker in volume this year as record prices, higher import duties and Pri...- PVs drive auto sales to record August high as India gears up for festive seasonIndia's automobile sector achieved its highest-ever August sales across multiple vehicle categories, SIAM said. Robust consumer demand and ...
- India’s festive demand hits 5-year high: From cars and ACs to TVs, apparel and quick commerce, retailers expect a bumper Navratri-Diwali seasonConsumer demand in India has reached a five-year high during the initial festive period, with sales growth recorded across home appliances,...
- First-time borrowers deepen credit reach: Credit uptake among eligible Indians more than doubled to 74% in March from 35% in 2017Consumer durable loans are leading new-to-credit customers into institutional borrowing. Gold loans and microfinance also significantly con...
- Brands turn to localisation, product cuts to protect festive marginsBrands are trying to protect festive-season demand from rising input costs by increasing localisation, using alternative materials, simplif...
- Voice AI startup Arrowhead eyes fresh funding to accelerate international expansionArrowhead is betting on BFSI-led international expansion as it scales voice agents across lending, insurance, collections and customer serv...
- BoFA deal to get regulatory go-ahead by December; Jio Credit's product plans, strategy to be redrawn: JFSJio Credit expects regulatory approvals for its Rs 18,268 crore fund raise by December. This capital infusion will enable Jio Credit to re-...
- RBI to drain Rs 1 lakh crore as VRRR auctions fail to absorb liquidityThe Reserve Bank of India will drain Rs 1 lakh crore through bond sales this month after VRRR auctions failed to absorb excess liquidity. T...
- Dell Alienware 15 launched on Flipkart: Redefining mid-range gaming and creator hardware in IndiaDell has introduced the Alienware 15 laptop in India via Flipkart, marking a significant step for gamers seeking high-end performance witho...
- Centre tightens e-commerce sales rules, puts ‘fake’ discounts on watchNew e-commerce rules will mandate displaying prior prices alongside discounts. Platforms must clearly identify sponsored listings and avoid...
- 'Fintechs must treat data as fiduciary duty, not business asset,' says RBI Governor Sanjay MalhotraReserve Bank of India governor Sanjay Malhotra stressed data fiduciary responsibility for fintechs. He stated that user data must be treate...
- FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev MehtaForeign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportu...
- US wholesale inventories surge in JulyIn July, the United States experienced a notable spike in wholesale inventories, paving the way for anticipated economic growth in the thir...
- From luxury cars to watches: Why India’s wealthy are spending more on ultra-premium productsIndia’s luxury market is shifting from traditional status symbols towards products that offer craftsmanship, exclusivity, heritage and indi...
- Smartphone companies step up festive hiringBrands and manufacturers have also initiated recruitment significantly earlier this year, moving away from reactive, last-minute hiring tow...
- Symphony to foray into air-conditioner, BLDC fan, air-purifier segmentsSymphony will enter India’s room air conditioner market from the December quarter, while making a phased foray into BLDC ceiling fans and a...
- FIIs poured nearly Rs 50,000 crore into these sectors in last 2 months. Here’s what they boughtForeign investors turned net buyers in India, deploying Rs 49,830 crore across sectors in July and August, with consumer services, healthca...
- Gold loans, consumer durables drive NBFC credit growth to 14.9% in JulyNon-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year's 10.6 percent expans...
- Xiaomi India steps up appliance push, next large category still under wrapsInitially focusing on air purifiers, Xiaomi India is planning to launch more products in India this August to mid-September as it builds a ...
- Reliance-owned JioStar’s Bigg Boss bags 95+ advertisers in 6-language playReliance-owned JioStar’s Bigg Boss has attracted more than 95 advertisers across six language editions, spanning Hindi, Bangla, Tamil, Telu...
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