In the spirit of Dhanteras, the auspicious day heralding wealth and prosperity, India’s gold and silver markets are gearing up for a monumental trade surge, with experts predicting a staggering 50 thousand crore windfall this festive season. Recent weeks saw a dip in gold and silver prices due to easing geopolitical tensions globally. Amidst the […]
As the Diwali festivities kick off, Dhanteras emerges as a pivotal day for traders nationwide, with an estimated trade volume of Rs 50 thousand crore, predicts the National President of the Confederation of All India Traders (CAIT), BC Bhartia, and Secretary General Praveen Khandelwal. In his post on X, Praveen Khandelwal called on the people […]
Ecommerce order volumes grew handsomely this festive season, increasing by approximately 37 per cent during the festive season sale of 2023 as compared to the festive sale period in 2022, according to an analytical report by Unicommerce, a software-as-a-service (SaaS) platform. The analysis of orders processed through Unicommerce’s platform reveals that In addition to the […]
On the occasion of Dhanteras, businesses are getting ready to celebrate the festival of wealth and prosperity. It’s that time of the year when companies, big and small, gear up for success and growth. Shifting Preferences Dhanteras shopping centred around metals like gold, silver and copper utensils for their auspicious significance. Walk into any store […]
A report on Tuesday revealed that India’s smartphone market remained flat YoY shipping 44 million units in Q3 2023. The report by International Data Corporation (IDC) titled ‘Worldwide Quarterly Mobile Phone Tracker’ said that the months of July and August registered a single-digit growth as the channels started early festive stocking. Still, September had its […]
Demand for oil grew by 1.6 per cent month over month in October in India and 4 per cent year over year as mobility remained strong amid festivities, according to S&P Global Commodity Insights. Jet fuel demand rose to 177,00 barrels per pay in October, the highest consumption recorded since March 2020 when the world […]
Retail vehicle sales across India declined around 8 per cent year-on-year in the festive month of October, data released by the Federation of Automobile Dealers Associations (FADA) showed on Monday. The first half of October 2023, marked by the Shraddh period when people largely stay away from big-ticket purchases, saw an 8 per cent YoY […]
Measures such as restrictions on certain imports, the implementation of a production-linked incentive scheme and the enforcement of mandatory quality norms are proving effective in reducing the influx of non-essential products like TVs, tires, wallpaper, and AC gas compressors into the country, news agency PTI reported. These strategic steps, including antidumping and countervailing duties, aim […]
The talks between India and Canada for a free trade agreement are on a pause as the latter stopped discussions due to some misconceptions, Union Minister Piyush Goyal said in one of the leadership summits organised by a leading media company. “There are some misconceptions among some Canadian politicians, which are baseless,” said Goyal at […]
The rating agency Icra expects its sample companies to report a 7 to 8 per cent YoY increase in revenues to Rs. 215 billion for FY2024, with an expected recovery in demand conditions and restocking by big retailers from the US market to realign their inventory levels. The four listed home textile companies in Icra’s […]
