After making the model work in metro cities, players in the quick commerce sector are rapidly expanding their footprint into smaller tier 2 cities and markets beyond that ahead of the festival season.
It's all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Traditionally, this period sees the highest number of purchases. Dealers and manufacturers are complaining about low business-to-consumer (B2C) off-take during the first half.
The second season of the Archery Premier League (APL) will be held in Hyderabad from October 8-18, featuring 48 Indian and international archers across six franchises. The tournament aims to bolster India's Olympic medal prospects in archery.
Industry players have sought government support in the form of stimulus package and reduction in excise duty to overcome the slump.
The Indian PC market is all set to witness double digit growth in 2010. Backed by increasing demand from the consumer segment, major PC vendors like Dell, HCL, Lenovo and Acer expect a surge in sales, especially during the festive season.
Prices had started to ease following the government's decision to allow duty-free imports of 1 mt of raw sugar and would weaken further over the next 7 to 10 days.
The recent equity market weakness has sobered up investor mood, but the coming festive season is keeping analysts upbeat on stocks related to the consumption basket. Among the lot, fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months, and investors should thus selectively take bets in these pockets, analysts suggest. "We expect good volume growth for the FMCG sector during the festive season with some improvement in rural demand.
A third generation murtikar and probably one of the first in her family, Manaswi Bagwe, a self-taught sculptor, is quietly pushing the boundaries of idol-making.
India's automobile retail sales surged by 21.83 per cent year-on-year in June, reaching 25,57,234 units, marking the best June ever recorded across all segments, according to the Federation of Automobile Dealers Associations (FADA).
The much-awaited festive season is unlikely to bring any cheers to the travel industry, including the airline sector, as less than 20 per cent of people polled plan to travel during October-November amid the pandemic, a survey said.
Bankers say loan demand was more muted this festival season than last year.
Air travel may get a tad more expensive during the coming festive season with at least one major carrier thinking of raising fares, but the hike is expected to be only in single digit in percentage terms. "We are looking at raising the fares during the festive season. No concrete decision has been taken yet. But the increase will not be very high because of competition. It will not be in double-digit," Jet Airways CEO Wolfgang Prock-Schauer told reporters.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
The All India Football Federation (AIFF) has accelerated India's preparations for the inaugural FIFA U-15 World Cup by appointing Bibiano Fernandes as head coach and Ranjit Bajaj as team manager. The tournament, scheduled for October in Azerbaijan, will feature an 8vs8 format with direct entry for all FIFA member associations. The AIFF also addressed other matters, including the Santosh Trophy format and budget approvals.
Delayed project delivery and unrealistically high real estate prices, which developers are unwilling to lower despite piled up inventories, have adversely hit the sector.
Even before Batwara 1947 hit theatres, Kanikka Kapoor had everyone doing a double take thanks to her uncanny resemblance to Kiara Advani. But beyond the comparisons, she's carving out a style identity of her own.
Jewellery trends come and go but jhumkas have a permanent address in every desi girl's jewellery box.
Driven by robust demand, automobile retail sales in India rose to a record high this festive season with all segments, barring tractors, reporting year-on-year growth, dealers' body FADA said on Tuesday. Overall automobile sales rose 19 per cent to 37,93,584 units in the 42-day festive period this year as compared with 31,95,213 units last year. During the period, which starts from the first day of Navratri and ends 15 days after Dhanteras, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year.
The Securities and Exchange Board of India (Sebi) has given green light to several mega initial public offerings (IPOs) last week, paving the way for bumper launches during the ongoing festival season. According to the update on Sebi's website, Hyundai Motor India, which will be the country's largest IPO of nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24. The regulator also gave the final observations on the offer documents of Vishal Mega Mart and Swiggy.
To cash in on the festive season, mobile handset makers like Apple, HTC, Karbonn and Lava have launched a series of smartphones in the price range starting from Rs 5,000 to Rs 59,500 for Indian consumers.
Despite attractive offers and discounts, the realty players have not been able to revive market sentiments post Diwali in Tier-II towns of Punjab and Haryana.
'I was thinking how can I do something for these lonely, aging people in the villages. The parents stay and the children leave for a better future.'
Silver followed suit and gained Rs 65 to Rs 39,600 per kg on increased offtake by industrial units and coin makers.
As a result of demand due to upcoming festivals, inflation has taken several essentials like spices, edible oil and milk out of the common man's reach, Assocham Secretary General D S Rawat said.
The fresh restrictions imposed in Maharashtra to contain the second wave of COVID-19 are likely to impact the festive season auto sales, as Navaratri and Gudi Padwa are falling in April, according to rating agency Icra. These two festivals account for a sizeable chunk of the annual vehicle sales across the country, especially in Maharashtra, it said. Gudi Padwa, which is a major festival of Maharashtra, will be celebrated on April 13, while Navrarati will also begin on the same day.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
Almost 40 per cent of a durable company's sales are achieved during the festival season
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world's fastest expanding major economy.
For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.
Commemorating 75 years of India's independence, SBI has launched a 75-day Utsav Deposit Scheme, offering 6.10 per cent for fixed deposits. Senior citizens will get an additional 0.50 per cent and the offer is on until October 30, SBI said.
It is that time of the year when banks and finance companies lend color to the festive season by rolling out the red carpet for customers.
Close to 50 models were launched in India in the past 12 months, but companies have not been able to realise their potential due to the pandemic.
Discounts and incentives are attractions jewelleres are offering along with new designs to woo customers to boost sales ahead of Diwali.
PV registrations in this year's festive period stood at 287,717 units as against 333,456 units in the corresponding period last year, down 14 per cent. Two-wheeler registrations also fell by 13 per cent to 15,83,276 units as against 18,11,703 units in the year-ago period.
In the coming weeks, online retailers are expected to further raise the pitch with shopping festivals, discounts, and cashback offers.
E-commerce, Rs 1,000 crore (Rs 10 billion) as an advertising category, is expected to bring at least Rs 200 crore (Rs 2 billion) in ad spending next month, when there would be both Dussehra and Diwali.
Though leading brands like Samsung, Apple, Xiaomi, OnePlus, and Oppo managed to absorb the initial lockdown shock and resumed their local production back to 60 per cent, they would likely suffer a 20-25 per cent loss of sales in the October-December quarter.
