We’re Not Pleased With Performance In India: Colgate Palmolive’s Wallace
Noel Wallace says that the company is expecting a recovery in the quarters going ahead
Brands
Companies
FMCG
National
News
Steel Demand Growth Slowdown Expected In FY25: Icra
- by BW Retail World Bureau
- March 9, 2024
The rating agency Icra has predicted a slowdown in domestic steel consumption growth for the next financial year (FY25). This comes after three consecutive years of double-digit growth in the industry. Icra forecasts a growth rate of 7-8 per cent in FY25, compared to an estimated 12-13 per cent in the current year (FY24). The […]
National
News
Paper Industry Revenue Slips In FY24 As Volume Growth Stagnates
- by BW Retail World Bureau
- January 10, 2024
In the fiscal year 2023, the domestic paper industry experienced robust growth of 42 per cent in revenue, primarily propelled by augmented realisations, notably within the printing and writing paper (PWP) segment. However, as the industry navigates through FY2024, shifts in market dynamics have prompted a reassessment of expectations. According to rating agency Icra analysis, […]
Manufacturing
National
News
India’s Manufacturing Growth Hits 18-Month Low As 2023 Ends An Soft Note
- by BW Retail World Bureau
- January 4, 2024
India’s manufacturing sector concluded 2023 with a somewhat uncertain outlook as factory growth decelerated to an eighteen-month low in December, revealed by a business survey released on Wednesday. The HSBC India Manufacturing Purchasing Managers’ Index, produced by S&P Global, dipped to 54.9 in December from November’s 56.0. Nevertheless, the index remained above the 50-mark, indicating […]
Brands
Companies
Electronics
Finance
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Apple Market Cap Declines $100 Billion Following Barclays Downgrade
- by BW Retail World Bureau
- January 3, 2024
Apple witnessed a sharp decline of nearly 3.6 per cent on Tuesday, marking a seven-week low, as Barclays downgraded the company’s shares amid concerns of sustained weak demand for its range of devices, from the flagship iPhone to the Mac, throughout 2024. This downgrade from Barclays, the second brokerage to issue the equivalent of a […]
Brands
Companies
Fashion & Lifestyle
Finance
International
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Burberry’s Profits Plunge 18% As Luxury Demand Slows
- by BW Retail World Bureau
- November 17, 2023
British luxury fashion house Burberry reported an 18 percent decline in net profit to USD 196 million for the first half ending September, citing weakened global demand for high-end clothing, particularly in China’s slowing economy. In an official statement, Burberry acknowledged the impact of the global luxury demand slowdown on current trading and expressed concerns […]
Economy
International
News
China’s Slowdown To Impact Asian, African Countries More
- by BW Retail World Bureau
- October 26, 2023
Since China is the world’s largest trading nation, a slowdown in its economy is likely to affect its trading partners. Certain Asian nations like Taiwan, Malaysia, Korea and Thailand and African countries such as Congo, Zambia, Angola and Gabon are likely to be more vulnerable due to their significant exposure to China, CareEdge Ratings has […]
Brands
Companies
Electronics
Finance
News
Nokia’s India Net Sales Skyrocket 102%
- by BW Retail World Bureau
- October 20, 2023
Nokia has reported staggering growth in its net sales within the Indian market, marking a remarkable year-over-year surge of 102 per cent. This surge, equivalent to an astonishing 121 per cent when measured in constant currency terms, has propelled Nokia’s net sales in India to an impressive Rs 567 million for the third quarter of […]
International
News
Trade
China’s Exports Plunged 14.5% In July, Biggest Drop Since 2020
- by BW Retail World Bureau
- August 9, 2023
According to government data released on Tuesday, China’s trade numbers decreased in July, an indication that the country’s economic recovery was dragging despite efforts by leaders in Beijing to boost development, according to the New York Times. After the United States, China has the second-largest economy in the world, and its exports have now plummeted […]
Export
Government
News
India’s Exports Declines, Commerce Ministry Meet To Discuss
- by BW Retail World Bureau
- July 3, 2023
As the number of outbound shipments from India reduced in the last four months, the Union commerce ministry has called a meeting of exporters on Monday to take stock of the situation. According to reports, exporters are expected to raise concerns about things like providing more support for participation in international exhibitions and fairs, moving […]