Top headlines: Online festive sale to rise by 50%; Covid hits brand value

From challenging economic environment affecting auto sales to falling VC investment from China, here are top headlines this morning

Covid-19 impact: E-commerce companies may see 50% rise in festive sales

The upcoming festive sales are expected to push up the annual gross merchandise value (GMV) of e-commerce companies to around $38 billion, a growth of 40 per cent from the previous year. With Covid restrictions playing a spoil sport for physical retail, e-commerce festive sales could cross the $7-billion mark, according to a report by research firm RedSeer Consulting. Read More

Despite challenging economic environment, Bharat to drive Maruti's sales

Car market leader Maruti Suzuki India expects the volume recovery seen in the past few months to