Smartphone maker Vivo assures offline retailers of price parity in 2020
Handset-makers including Xiaomi, Oppo and Vivo in October had issued trade advisories to their retail partners to assure that they will bring price parity between their online and offline channels.
Former Axis executive appointed Piramal’s consumer finance business CEO
Earlier, he was the head of the retail lending function where he coul...
Consumption slump just a phase; neighbourhood shops hit hard: Mariwala
There is a need for the government to unleash both short-term and long...
Share market update: Consumer Durables shares trade higher; VIP Industries up 1%
The S&P BSE Consumer Durables index was trading 0.26 per cent down at 24,978.98.
Decline in rural sales hits FMCG in 2019, revival likely by second half of 2020
In 2019, the FMCG industry witnessed slowdown in the rural sales, which was traditionally ahead of urban sales, and in the last two quarters it was half of the urban sales growth due to factors as liquidity crunch in those far flung markets and drop in gross domestic product (GDP) which had weakened household spending.
Share market update: Consumer Durables shares trade lower; Titan down 1%
The S&P BSE Consumer Durables index was trading 0.17 per cent down at 25,020.60.
Board Meetings Today: Bilcare, Sanwaria Consumer, Borosil Glass Works and Gujarat Borosil
It makes sense to have a look at the corporate agendas for the day’s as announced to the stock exchanges.
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FMCG companies’ bet on consumer services business not paying off
Kaya, a skincare business, has been loss-making for the past three years.
LG unveils new soundbars with built-in Google Assistant & AI sound calibration
The new soundbars will be launched at CES 2020.
Appliances and consumer electronics industry expected to double to Rs 1.48 lakh crore by FY25
The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing.
Phillip Capital maintains buy on Bharat Electronics, target price Rs 160
Bharat Electronics should more than meet its order inflow target for FY20 and the pipeline for FY21 is robust.
Financials biggest wealth creators for 3rd straight year
In terms of share of the wealth created, IT sector was the biggest loser over the last five years.
Electronics companies run into entry-level pileup
While premium products like large screen televisions, frostfree refrigerators and fully automatic washing machines did sell in cities and large towns driven by plethora of consumer finance options and price cuts — sales of entry-level products which constitute the belly of the market — were a washout, several manufacturers said.
Israel keen to support growth of Indian semi-conductor industry
A local semiconductor manufacturing industry can support the development and manufacturing of sensors required for India specific Internet of Things (IoT) products, especially in the domains of agriculture, healthcare, smart cities, safety and waste management. The report estimates establishing such an industry would witness a pay back of 6.3X in terms of economic impact.
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