E-PaperConsumer Spend News
Gold rate today hits 2-month low on US debt ceiling cheer, US Fed rate hike fear
Gold rate today has immediate support placed at $1,920 levels whereas on MCX, it has support placed at ₹59,000 levels
2 min read30 May 2023DMart needs to put some zing into sales
In the March quarter (Q4FY23), while revenue grew 20% year-on-year to ₹10,337 crore, Ebitda growth has been slower at just 5.4%.
2 min read16 May 2023Havells India is not completely out of the woods yet; demand prospects blurry
Performance of the summer season, particularly May and June, remains uncertain as Q4 sales fell short of expectations due to unseasonal rains. This had an impact on air-conditioner sales and led to a higher channel inventory in Lloyd at the end of March.
1 min read4 May 2023Samsung Electronics logs worst quarterly earnings in 14 years
Samsung also blamed weakening demand for memory chips, which usually generate about half the firm's profits, and falling chip prices
2 min read27 Apr 2023Banking crisis has increased the odds of a recession, says JPMorgan's Jamie Dimon
Dimon, 67, has run JPMorgan since 2005, and is the only CEO from the 2008 financial crisis still in charge of a big bank
1 min read7 Apr 2023Tesla's 50% discount in China creates ‘havoc’ in the market
Tesla Inc. triggered a price war in China that’s poised to reshape the world’s biggest car market, with hefty discounts threatening to drive some automakers out of business.
4 min read23 Mar 2023Consumer spending is primed to fuel summer growth
Households shifted spending in May to travel and eating out; economists expect pent-up demand to support recovery
4 min read26 Jun 2021India's consumer spending to return to growth in 2021: Fitch Solutions
Fitch Solutions forecast a return to pre-COVID-19 levels only over the second half of 2021 and 2022Spending with other consumer categories is estimated to record significant contractions over 2020 as households cut spending on non-essential items
2 min read30 Nov 2020After RBI cue, government steps up
Centre announces measures worth ₹73,000 crore to boost consumer spending and capex in a fiscally prudent manner ahead of the festival season
2 min read13 Oct 2020₹36,000 crore: Govt moves to boost consumer spending ahead of festive season
Amid an economic slowdown exacerbated by the Covid-19 pandemic and the consequent lockdown, Union Finance Minister Nirmala Sitharaman announced measures to boost demand and give a fillip to consumer spending. The two-pronged approach on consumer spending involves usage of leave travel allowance given to government employees for purchase of goods, and the revival of the special festival advance scheme for them. The additional generation of consumer spending is estimated to be around ₹36,000 crore. Sitharaman said that this was a conservative estimate. In the initial months of the pandemic, the Union government had announced schemes aimed at the supply side, but now the focus has shifted to the demand dimension. Watch the full video for more.
12 Oct 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared