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INVENTORY PILEUPS
This festive season, motown sees unusual mix of waitlists and discounts across segmentsThe Indian passenger vehicle market sees contrasting trends this festive season; while premium models like Toyota's Land Cruiser face long ...- Polls, heatwaves cool smartphone sales in June qtrIn the June quarter, smartphone sales in New Delhi declined by 1-2% due to heatwaves and elections, causing an inventory buildup. Samsung, ...
- Why are IT, private banks not bouncing back properly? Hemant Shah answersHemant Shah of Seven Islands explained IT sector recovery due to TCS results, facing resistance. HDFC Bank gains lack consistency. FMCG gro...
- Polls and weather take a toll on smartphone sales in June quarterThe smartphone market in the June quarter is likely to be tepid due to the impact of elections, heatwaves, and floods, leading some market ...
- India smartphone up 15% on year in Q1, continues recovery: CanalysThe Indian smartphone market rebounds, reaching 35.3 million units in Q1 2024, a 15% YoY growth, as per Canalys. Samsung leads with 19% mar...
- Good tidings for textiles industry as experts see pick-up in production, exports"We are expecting a pick-up in production for the remainder of the year. Last year also, the turnaround happened post January," said a seni...
- Share of affordable housing shrinking; upper end of the market going berserk: Gulam Zia, Knight Frank“Almost 50% sold in August were properties costing above a crore. About 14% apartments are upwards of Rs 5 crore. This segment used to be v...
- Status check: Week after rules eased, industry mostly locked outLack of local clearances, shortage of workers and raw materials, piled up inventory and regulatory confusion are all contributing to Indian...
- Cement cos see no short term reliefThe govt decision to allow construction activities with riders to help revive economic activities in the country is unlikely to improve the...
- Retailers have less in stock for festivals amid poor sentimentRetailers have scaled down inventories up to 30% anticipating poor sentiment hitting festive season sales.
- JSW Steel Q1 profit more than halves on lower salesConsolidated total revenue of the company dipped 3.45 per cent YoY to Rs 19,812 crore.
- Tata Motors uses production cuts, retail push to ride out slowdownAccording to experts, manufacturers’ focus on meeting their wholesale targets with disregard for actual retail on ground is the primary rea...
- Vehicle dealers see inventory pileup as sales continue to dipThe worst hit were commercial vehicles with 16% on-year dip in registration numbers to 63,360 units in April.
- Bajaj Auto’s Q4 net drops 16% on rising costs, lower sales volumesCompany's international business was affected due to external factors like economic and political uncertainties.
- Realty stocks hit hardest by demonetisationWith the sector already reeling under sluggish demand and high inventory pileup, the cash crunch is expected to hit developers hard.
- Poor demand forces diamond makers to cut production by 30%After a dismal last quarter, the country's diamond industry, which accounts for about 80% of the world's production of polished stones, is ...
- Fall in prices of raw material, stronger rupee and increased gas supply can help revive fertiliser sectorFertiliser sector could see turnaround in next few months because of easing of raw material prices globally, a more stable Re & increased g...
- Manufacturers worried as fertiliser sales dip to three-year lowManufacturers of complex fertilisers fear severe pressure on profit margins as sales plunge to a 3-yr low because of farmers shifting towar...
- Benefit of low coking coal prices offset by weak rupee: CS Verma, SAIL"To produce one tonne of steel, we require one tonne of coking coal and above 75-80% requirement of the coking coal is met through imports....
- Nalco slashes aluminium metal prices by Rs 3000 per tonneNational Aluminium Company (Nalco), the country's largest state-owned aluminium major, has cut prices by Rs 3,000 per tonne, in line with a...
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