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TEPID FESTIVE SEASON
Online festive sales fizzle; Snowflake CEO on AI’s impact on softwareHappy Monday! Festive ecommerce sales have slowed down this year, we tell you why. This and more in today’s ETtech Morning Dispatch.- Ecommerce festive sales fizzle out on price pangsExecutives attributed the slowdown to sluggish demand for premium electronics, including smartphones, home appliances and laptops, as price...
- Smartphone brands brace for 9-10% festive sales drop as higher prices dampen demandSmartphone sales are projected to dip by 9-10% this festive season as rising handset prices dampen consumer demand. Brands are strategizing...
- Double delight for credit card biz; Spends, fresh issues hit a recordSeptember saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total ...
- Clarity on GST rates at the earliest to help regain sales momentum in festive season: Luxury carmakersLuxury carmakers in India anticipate a sales boost during the festive season, but uncertainty surrounding potential GST rate changes is cau...
- Two-wheeler segment to see 6-9% volume growth in FY26: ReportIcra forecasts a 6-9% growth for the domestic two-wheeler segment in FY2026, driven by replacement demand, urban recovery, and healthy rura...
- All together, smartphone cos fail to increase volume againIndia's smartphone market saw stagnant growth in 2024. The festive season offered minimal boost. Budget phone sales slumped. Analysts predi...
- Smartphone sales sizzle ahead of DiwaliSmartphone sales have seen a significant upturn ahead of Diwali, aided by heavy discounts, higher retailer margins, and increased productio...
- Marketing budgets leap: Slump-hit companies to spend up to 30% more on revival hopesCompanies are hopeful of a recovery in consumption by middle-income consumers, who may be encouraged to purchase premium products aided by ...
- Handset companies step up focus on offline retail channelsAs the festive season approaches, handset brands in India are shifting their focus to offline retail channels from online platforms. This s...
- Tepid demand hits businesses across apparel, footwear, fast food sectors as consumers tighten purse stringsThe demand situation is posing a challenge, as mentioned by a significant number of companies in their Q1 earnings statement. Businesses ha...
- Car, two-wheeler sales lack sparkle, chip shortage pushing down stocks and demandAccording to industry sources, passenger vehicle makers retailed around 85,000 units, versus 1,75,000 units last year. Two-wheeler retailin...
- Car sales fail to impress but bike and scooter log strong growth this DiwaliTruck and bus makers, on the other hand, continued to buck the tepid sentiment with yet another month of strong double-digit growth as incr...
- Longer lean season this year: Discounts & offers on smartphones may not end with DiwaliThe early onset of the festive season this year will lead to a longer period of tepid demand of more than two months, compared with usually...
- Gold ETFs see first inflow in 3.5 yearsTrading in Gold ETF segment has been tepid in the last three fiscals They had witnessed an outflow of Rs 903 crore, Rs 1,475 crore and Rs 2...
- Gold ETFs see first inflow in 41 monthsGold ETFs have witnessed an infusion of Rs 20 crore in October, making it the first inflow in nearly three-and-half years, primarily on acc...
- TCS' flop show to hit staff's quarterly payoutHigher grades are expected to get 0-50 per cent of the variable allowance, based on the performance of their unit, TCS told employees in an...
- Kishore Biyani says getting harder to do business, rues ever-rising permits"The numbers of permits we need to obtain are ever- increasing and doing business is getting more difficult in the current scenario of regu...
- Future Group to launch mobile wallet, says Kishore BiyaniInterestingly, Future Group promoter Biyani's application for the payments bank licence was earlier denied by the Reserve Bank in the first...
- Retailers pin hopes on new couples to beat winter bluesIf festivals brought some cheer after tepid sales throughout the year, as many as 19 wedding days this year are expected to increase footfa...
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