The five-day-long Diwali festival which starts from today, began with great enthusiasm across the country. In this series starting from Dhanteras today, the festivals of Roopchaturdashi tomorrow, Diwali on 12 November, Govardhan Puja and Annakut on 13 November and Bhaiya Dooj on 15 November will be celebrated. According to an estimate by the Confederation of […]
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 […]
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 […]
Amazon India declared its 2023 festive sale as the most successful in its 13 years of operations in the country, fueled by robust demand, news agency PTI reported. According to Redseer Strategy Consultants, the online sales for the entire ecommerce industry during this festive season are anticipated to grow by 18-20 per cent, reaching Rs […]
Arvind Fashions On Tuesday reported an 18.9 per cent year-on-year (YoY) increase in second-quarter profit, attributing it to robust sales of clothing and footwear and sustained wider margins facilitated by power brands. The company’s consolidated net profit climbed to Rs 216.6 million rupees (USD 2.60 million) for the quarter gone by, compared to Rs 182.2 […]
The prices of various basmati paddy varieties are currently experiencing an upswing compared to last year, thanks to the Centre government’s recent decision to reduce the minimum export price (MEP) of basmati rice to USD 950 per tonne. This move has significantly bolstered the export prospects for aromatic rice. In the Karnal mandi, located in […]
The Ludhiana administration has issued an advisory allowing the bursting of firecrackers on the occasion of Diwali, Guruparva and Christmas. According to the orders issued by Ludhiana Deputy Commissioner Surabhi Malik, firecrackers can be lit from 8 to 10 pm on Diwali and from 11:55 pm to 12:30 am on Christmas. Similarly, on the day […]
V-Mart Retail on Monday reported a net loss of Rs 64.12 crore for the second quarter ending September 2023, compared to a net loss of Rs 11.31 crore during the same period last year. The revenue from operations for the September quarter was Rs 549.43 crore, up from Rs 506.16 crore in the corresponding quarter […]
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 […]
