The producers of chocolate brands, Hershey and Cadbury, are contemplating further price adjustments to counteract an unprecedented surge in cocoa prices. Despite facing challenges such as reduced consumer purchases and potential impacts on profits due to inflation, these chocolate makers have consistently passed on the escalating costs to their customers. Over the past year, cocoa […]
Luxury segment housing in India recorded a 75 per cent year-on-year (YoY) growth in sales in 2023, according to a report by real estate consulting firm CBRE South Asia. According to its report ‘India Market Monitor Q4 2023’, a 45 per cent YoY increase in unit launches was recorded in 2023. The percentage share of […]
Mondelez International reported increased fourth-quarter sales, but higher prices impacted volumes, leading to a more than 2 per cent drop in its shares. While price hikes boosted profit margins until fiscal 2023, softer demand is now observed as budget-conscious consumers cut back spending. In North America, Mondelez experienced a 5.5 percentage point volume decline in […]
People in Bhopal celebrated the consecration of the Ram Lalla idol on Monday in the same way they do during Diwali. Traders estimate that firecrackers worth over Rs 2.5 crore were sold in the city during the previous 3-4 days. Even on Monday, the firecracker market was buzzing with activity. Traders reported that the firecracker […]
FADA reveals the vehicle retail data for December 2023 and the anticipated automotive sector performance in 2024, segment-wise. In the 2W category, key drivers included an abundance of marriage dates and the distribution of harvest payments to farmers, which enhanced purchasing power. Additionally, the availability of a wide range of models and variants, coupled with […]
Hyundai Motor India achieved the highest-ever domestic sales in the calendar year 2023, surpassing the six lakh sales milestone. The automaker recorded sales of 6,02,111 units, registering a 9 per cent increase over the previous year’s 5,52,511 units. Additionally, Hyundai Motor India elevated its export performance by 10 per cent, shipping 1,63,675 units in 2023 […]
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, […]
Coffee chain Third Wave Coffee Roasters has reportedly laid off approximately 120 employees as part of a restructuring initiative, following its recent fundraise. According to media reports, mid- and senior-level personnel across various departments, including business development, design, sales, marketing, supply chain management, and strategy teams, have been affected. The restructuring involves retaining only two […]
In early Asian trade on Friday, oil prices surged, poised to achieve their first weekly gain in two months, fueled by a positive outlook on oil demand from the International Energy Agency (IEA) for the coming year and a decline in the value of the dollar. According to Reuters, Brent futures experienced a 9-cent increase, […]
The global shopping phenomenon, Black Friday, continues to make waves in India. Unicommerce, an ecommerce enablement SaaS platforms, based on the orders processed on its platform, conducted an analysis of the Black Friday weekend, revealing a sharp 23 per cent increase in ecommerce order volumes as compared to the Black Friday sale weekend of 2022. […]
