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Passenger vehicle retail sales dip 5% in August 2024; FADA raises alarm over rising inventory level

Passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August on account…

PTI   


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3 mins read

India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report

This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…

ANI   


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3 mins read

Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme

With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…

PTI   


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Asian Paints Q1FY25 results: Net profit dips by 25%, revenue also misses market estimates

​​The company's international sales also took a hit, down to Rs 679.1 crore from Rs 695.1 crore, ma…

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Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

The sales were impacted by high base effect as well as companies reducing vehicle dispatches to dea…

PTI   


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4 mins read

Wine vs Tea: India’s consumption trends show a sharp divergence

The categories of goods where price matters are seeing low growth in output – a reflection of deman…

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2 mins read

Amidst slowdown, noodle and biscuit sales see an uptick in rural areas

Even as FMCG sales growth has been moderating on a sequential basis, sales of noodles and biscuits …

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3 mins read

Retail auto sales grow by 13% in February, but elevated inventory levels a concern

The Indian auto industry reported a 13% growth in sales in February 2024, with all the segments rep…

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Passenger vehicle retail sales dip 7% in June as heatwave curtails showroom visits

"Despite improved product availability and substantial discounts aimed at stimulating demand, m…

PTI   


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Passenger vehicle retail sales dip 1% in May as excessive heat, elections impact demand: FADA

"Dealers cited the impact of elections, extreme heat and market liquidity issues as major facto…

PTI   


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Anand Rathi anticipates Q1 FY25 GDP growth at 7%, a little lower than RBI's estimate of 7.1%

The services sector is expected to be the primary driver of GDP growth in Q1 FY25. Despite reduced …

ANI   


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7 mins read

After 21% growth in FY23, auto sales to hit slow lane in FY24: FADA

After March clocked in a 14% year-on-year growth in overall vehicle sales, auto sales for FY23 regi…

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5 mins read

Fabric of a nation: Sustaining India's handloom legacy in modern times

The industry is largely unorganised, and the wages are shockingly low. 67% of handloom workers are …

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2 mins read

Women are more likely to adopt digital financial services when introduced by local agents or women community influencers

Nalin Bansal, Chief Relationship Management and Key Initiatives, NPCI, said "While we've achieved s…

ANI   


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3 mins read

Samsung launches AI-powered washing machines, all you need to know

Samsung India launched a new range of AI-powered washing machines, targeting market leadership in t…

PTI   


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5 mins read

January auto sales rise 14% y-o-y but sentiment improving at a snail’s pace, says FADA

As compared to January 2020, auto sales in January 2023 were down by 8%, says data by Federation of…

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5 mins read

India switches on its shopping mode as festivals approach, sales set to jump 20%

Indians are gearing up for the festival season that kicks off with Ganesh Chathurthi this week. As …

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4 mins read

As auto sales slip in July, dealers pin hopes on upcoming festive fervour

The Indian auto industry reported a 10% year-on-year increase in sales in July, just like the last …

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4 mins read

RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly

​MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…

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4 mins read

Slowdown in FMCG market bottomed out, rural markets show signs of improvement: HUL

FMCG major Hindustan Unilever on Thursday missed market expectations with a 10% rise in net profit …