DECLINE IN SALES
Sabarimala: Supreme Court declines to pass any order for safe entry of women
Supreme Court bench headed by Chief Justice S A Bobde said the "balance of convenience" required that no orders are passed in the matter today as the issue had already been referred to a seven-judge bench.
Overall global slowdown impacted textiles but no report on decline in industry: Smriti Irani
“Overall global growth slowdown no doubt impacte...
Share market update: Media shares decline; ZEEL dips over 1%
The Nifty Media index was trading 0.49 per cent down at 1744.10.
Air purifiers’ seasonal sales fox manufacturers
Manufacturers and retailers say the season begins after Diwali and peaks when pollution is in the headlines in newspapers and television. Once these fade, sales subside. The market is worth Rs 200-230 crore, growing at about 15-20% annually, with over 50 brands jostling for business, making this one of the most populated electronics categories in the country.
Passenger vehicle retail sales up 1% in November: FADA
According to FADA, passenger vehicles (PV) sales stood at 2,55,535 units in November 2018. Two-wheeler sales increased 3 per cent to 17,05,495 units last month as compared with 16,60,082 units in the year-ago period. Commercial vehicle sales, however, declined 8 per cent to 77,394 units as compared to 84,040 units in November last year.
No decline in exports under GSP tariffs after benefits withdrawn: Piyush Goyal
In 2018, India exported goods worth of $6.3 billion (as per USTR figures) to the US under the GSP, which was around 12.1 per cent of India’s total export to the US. The average duty concessions accruing on account of GSP were almost $240 million in 2018, which was about 3.8 per cent of India’s exports to the US availing the GSP benefits.
New offerings to help keep sales stable this year: Porsche India
Luxury sports carmaker Porsche is banking on its new product offerings to help it maintain sales at previous year's level amid a slowdown in the country, according to a senior company official.
Axis Bank puts up trustee services for sale
The business is said to be valued at about Rs 200-225 crore.
ITC to step up focus on frozen food to drive non-cigarette sales
The FMCG giant is backing frozen food in its chase of Rs 1 lakh crore non-tobacco FMCG sales by 2030.
Share market update: Media shares decline; Zee Media slips 5%
The Nifty Media index was trading 0.53 per cent down at 1732.15 .
Stock market update: Cement stocks decline; Prism Johnson falls 2%
Prism Johnson, Dalmia Bharat and Orient Cement were the top losers.
JSW Steel shares decline on steel output concerns
The company on Monday posted a 7 per cent fall in November 2019 crude steel output at 12.90 lakh tonne (LT).
Retailers feeling the heat opt for advancing sales
Ecommerce marketplaces Amazon and Flipkart have lined up promotions this month and next to clear inventory. Discounts will be offered across a range of products, including electronics and smartphones. The trend of bringing forward winter sales from the usual time of end-December or early January started two years ago, following poor business in the preceding months.
Coffee Day Enterprises seeking lenders nod for tech park sale deal
Terming the report suggesting roadblocks from some bankers as "bruits", Coffee Day Enterprises said that it along with its subsidiary Tanglin Developments is working on that.
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