Festive Season

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Growth in private final consumption expenditure was down 7 percentage points from Q2

Automobile retail sales grew 14 per cent in January year-on -year as festivals, weddings and more money in the rural economy helped demand, said an industry association on Monday

The Indian auto industry's domestic PV sales in December 2022 were 276,000 units, 8.3 per cent higher than in December 2021, according to company numbers

Demand worries, however, stemming from China's COVID-19 surge and fears of a global recession may keep oil futures in check

Japan is set to tweak its 2% inflation targeting policy, possibly giving the central bank more wiggle room

Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data

Private insurers' APE growth rebounds after lagging behind for three months

Muted domestic demand and margin pressure may weigh on the stock

Sales performance in the festival season was muted; volumes expected to recover

Hiring activities witnessed 73 per cent growth during the festive season (August-October) this year compared to the same period in 2021 driven by e-commerce and logistics, retail and BFSI sectors, according to a report. As many as 1,00,000 order books were closed in this period considering that e-commerce and logistics, retail and Banking, financial services and insurance (BFSI) sectors heightened their hiring efforts in line with surging demand, according to data by business services provider Quess Corp. While seasonal sales saw some recovery last year from the impact of the Covid pandemic, this festive season has been a clear indicator for the growth of the economy with an upward spiral in job demand across several consumer facing industries. According to data from Quess, job roles such as picker, packer, helper, sales promoter, in-shop sales executive, trainee and production trainee have seen a 39 per cent year-on-year increase in demand this festive season. "Given that the econ

On a year-on-year (YoY) basis, spends were up over 25 per cent, despite a high base

The recent inconvenience to some customers during the festival season prompted the company to resume sea mail deliveries

Sentiments have neither collapsed, nor have they stepped down after the festive season. They seem to have sustained the elevated levels they had achieved during the festive season

Of the 191 companies tracked, 118 reported a rise in profit, Refinitiv data showed, with almost 90% of those logging in a rise in quarterly revenue.

Two-wheeler segment up 51%; high demand continues for SUVs and premium cars

Technology changing how Indians make payments; trend will help monetary transmission: SBI Research

Further penetration into smaller cities will only add to this dependence on third-party delivery partners

Petrol and diesel sales in India jumped to a four-month high in October, as the festive season brought back demand that had been quelled by extended monsoon rains, preliminary industry data showed on Tuesday. Petrol sales soared 12.1 per cent to 2.78 million tonnes in October, as compared to 2.48 million tonnes of consumption in the same month last year. Sales were 16.6 per cent higher than in COVID-marred October 2020 and 21.4 per cent more than in pre-pandemic October 2019. Demand, which had dipped 1.9 per cent month-on-month in September, was up 4.8 per cent higher. Diesel, the most used fuel in the country, posted a 12 per cent rise in sales in October to 6.57 million tonnes, when compared to the same month last year. Consumption was up 6.5 per cent over October 2020 and 13.6 per cent higher than pre-COVID 2019. The fuel, which had seen a near 5 per cent drop in sales in August, when compared to the previous month of July, saw demand rise 9.7 per cent month-on-month. Petrol

Nissan Motor India on Tuesday said its total wholesales increased by 45 per cent to 10,011 units in October as compared to the same month last year. The company had dispatched a total of 6,917 units in October 2021. Last month the automaker sold 3,061 units in the domestic market and also exported 6,950 units, Nissan Motor India said in a statement. The company had dispatched 3,913 and 3,004 units in the domestic and international markets, respectively, last October. "Festive season has strong momentum of increased number of deliveries, with customer preference for early delivery and ease of finance. Preference of customers was for SUVs specially amongst the first time and replacement buyers," Nissan Motor India Managing Director Rakesh Srivastava noted. The company is confident that demand will continue to rise with an improvement in economic growth, customer sentiment and with improvement in supply, he added.