Consumer confidence has increased by 2.2 percentage points, revealed a recent report by Refinitiv-Ipsos, the primary consumer sentiment index (PCSI). This surge is reflected across all four sub-indices, indicating a positive outlook on various economic aspects. The monthly PCSI result, determined by the sum of four weighted sub-indices, paints a promising picture for the economy. […]
Indian smartphone vendors experienced 20 per cent year-on-year (YoY) rebound in Q4 2023, propelled by robust demand during the festival season, according to the latest Canalys research. The quarter saw a total of 38.9 million units shipped, showcasing the resilience of the market in the face of challenges. Maintaining its leadership, Samsung claimed the top […]
Mumbai-based specialty chemicals company, Pidilite Industries, is gearing up to announce its financial results for the October-December period (Q3FY24) on Tuesday, 23 January. Analysts anticipate a robust operational performance from Pidilite Industries, renowned for brands like Fevicol, Dr Fixit and M-Seal, driven by strong domestic demand during the festive season and growth in the real […]
Demand for industrial and logistics spaces reached an all-time high in eight major cities last year, with leasing activity increasing by 8 per cent yearly, according to CBRE. According to CBRE’s most recent study, leasing of industrial and logistics spaces increased to 38.8 million square feet in 2023 from 36 million square feet the previous year, […]
The government should not reduce import charges on electronic components used in smartphone manufacture in the next Budget since the present tariff system has proven successful and altering it might affect local manufacturing, according to a GTRI report released on Monday. The Global Trade Research Initiative (GTRI) stated that keeping existing rates will assist in […]
India’s exports of goods and services showed a marginal increase of 0.4 per cent, reaching USD 765.6 billion in 2023, defying global economic uncertainties. According to data from the commerce ministry, key sectors contributing to this growth include electronics, pharmaceuticals, cotton yarn, fabrics, and made-ups, ceramic products, meat, dairy, and poultry products, fruits and vegetables, […]
Following a notification from the Central Consumer Protection Authority, Amazon deleted sweets sold under the name ‘Shri Ram Mandir Ayodhya Prasad’. The highlighted goods include ‘Raghupati Ghee Ladoo,’ ‘Khoya Khobi Ladoo,’ ‘Ghee Bundi Ladoo,’ and ‘Desi Cow Milk Peda.’ The company also stated that Amazon.in is a third-party marketplace where sellers, not Amazon, list and sell items […]
Food and beverage manufacturer PepsiCo India, on Friday, said that it has appointed Jagrut Kotecha as CEO for PepsiCo India. He will succeed Ahmed El Sheikh, who will take over as CEO for the Middle East Business Unit, in March, after a seven-year stint in India. Currently, Kotecha holds the position of Chief Commercial Officer […]
As the holy city of Ayodhya gears up for the consecration of Ram Mandir on 22 January, Adani Wilmar, the fast-moving consumer goods (FMCG) company in India, revealed its plans to join the celebrations on this occasion. The company, under its renowned brand Fortune, has curated a series of delightful activities that promise to add […]
Speciality Restaurants on Wednesday reported a fall of 7.8 per cent in consolidated net profit at Rs 14.17 crore in the third quarter (Q3) ended 31 December 2023 as against the net profit of Rs 15.38 crore in the same period of the previous financial year, it said in the regulatory filing. However, the company’s […]
