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. […]
Global shipments of traditional PCs have exhibited signs of recovery in the fourth quarter of 2023, with preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker indicating that nearly 67.1 million PCs were shipped during this period. While the numbers in Q4 represent a 2.7 per cent decline from the […]
Bajaj in December 2023, witnessed a surge in domestic sales by 28.49 per cent, reaching 1,90,919 units, while exports experienced a 2.22 per cent increase, totaling 1,35,887 units compared to December 2022. During this period, the company sold 2,83,001 units of 2-wheelers, marking a 14.55 per cent YoY increase, and 43,805 units of commercial vehicles, […]
An Engineering Export Promotion Council of India (EEPC) report revealed that India’s engineering goods exports experienced a 3 per cent year-on-year (YoY) dip in November, totaling USD 7.85 billion. The setback was primarily attributed to disruptions caused by the festive season, impacting operations in major engineering export belts across the country, particularly in the northern […]
A report on Friday revealed that 85 per cent of Indian businesses use external cloud providers for analytics, marking the nation’s lead in cloud, artificial intelligence (AI) and machine learning (ML) adoption that outpaced other countries like Germany (66 per cent), New Zealand (70 per cent), and Spain (58 per cent). Solidifying its excellence India […]
Online sellers are gearing up for a promising festive season in 2023, expecting a significant uptick in sales after a rocky first three quarters of the year. A report by Redseer Strategy Consultants highlighted the optimism among sellers, with at least a 15 per cent year-on-year (YoY) jump in festive sales anticipated. The report, based […]
ITC, in a bid to address investor concerns over the demerger of its hotels business, has outlined plans to boost its Return on Capital Employed (RoCE) by up to 20 per cent. The company aims to ensure that the new entity, ITC Hotels, maintains a well-capitalised, debt-free balance sheet. The demerger is designed to benefit […]
Akzo Noble India, a manufacturer and seller of paints and related products on Monday reported a 15 per cent year-on-year (YoY) growth in its profit after tax (PAT) at Rs 3,351 crore for the financial year 2022-23 (FY23) compared to to the previous financial year at Rs 2,900 crore. The company’s revenue from operations also […]
