Festival Spending

India's festival spending jumps to $68 bn after GST cuts as demand rises

Spending between Sept 22 and Oct 21 - the period between the Hindu festivals of Navratri and Diwali - increased 8.5 per cent from the same time last year

Festival season brings UPI boom, transactions hit record Rs 27 trn in Oct

Volume was up by 5 per cent and value by 10 per cent in October versus September this year

Tracking Diwali lights: High footfall boosts sales across categories

High footfall boosts sales across apparel, electronics, decor - and green crackers

The festive rush: How FMCG sector is driving Diwali purchases and demand

With Diwali just around the corner, the FMCG sector is seeing strong sales across categories, with edible oils, dairy, and snacks driving festive demand

Bollywood glamour drives surge in beauty sales this Karwa Chauth

Beauty brands like Sugar, Renee, and Shoppers Stop see festive spikes as Bollywood's portrayal of Karwa Chauth inspires demand for red lipsticks and makeup

Digital payments jump to ₹11 trillion on first day of new GST rates

Digital payments surged to ₹11 trillion on the first day of new GST rates, with RTGS, UPI, NEFT, IMPS, debit and credit card transactions all seeing sharp increases

Retailers eye big gains from Black Friday sale as shoppers go all out

Apparel retailers are also optimistic. The winter chill, coupled with the bustling wedding season, has pushed up demand for thicker clothing and occasion wear

Amazon Great Indian Festival 2024 records 1.4 billion customer visits

The e-commerce firm said that more than 85 per cent customers were from non-metro cities

Meesho records 40% increase in total orders during annual festival sales

SoftBank-backed e-commerce firm Meesho on Monday said that it has recorded a 40 per cent growth year-on-year in total orders during the latest annual festival sales. The e-commerce firm claims to have recorded 145 crore customer visits during the 10 days long 'Meesho Mega Blockbuster Sale 2024'. "During our Mega Blockbuster Sale this year, we achieved over 40 per cent growth in orders, surpassing industry expectations. With around 3 crore app downloads and a 45 per cent increase in new-to-e-commerce users, we are reinforcing our commitment to making e-commerce accessible and affordable for millions across the country," Milan Partani, General Manager, User Growth at Meesho said. Meesho's flagship sale held from September 27 to October 6, 2024. "The company witnessed an impressive increase in demand this year, with total orders rising over 40 per cent compared to last year," the statement said. The company said that it observed around 45 per cent of the total customer visits from ti

Festive season may not light up portfolios, but here's where you can invest

With festive season approaching, sectors like automobiles, FMCG, and electronics usually see a sales boost

E-commerce industry plans to hire in big numbers this festival season

Last year in October, Amazon India said it created more than 1,00,000 seasonal job opportunities across its operations network for the Indian festive season

Ashadha Amavasya 2024: History, importance, rituals, timings and more

The sacred rituals of Ashadha Amavasya are devoted to honouring ancestors. Devotees take holy dips in revered water bodies to purify themselves and perform ceremonies to pay respect to their ancestors

Nirjala Ekadashi 2024: All you need to know about this fasting Ekadashi

As indicated by the Panchang Ekadashi, the Shukla Paksha Ekadashi of Jyeshtha month will start on June 17 at 4:43 am and go on till June 18 at 6:24 am

Central Bank extends festival offer, aims increasing retail asset book

State-owned Central Bank of India has extended its festival offer for three months till March 31 with a view to increasing its retail asset book. Earlier, the offer was till December 31, 2023. The bank is offering low interest rate, waiver in processing fee and other facilities for customers during this period, Central Bank of India general manager (retail assets) Vivek Kumar said. Cent Grih Laxmi Scheme and Cent Business Scheme are offering the lowest rate of interest across the industry starting from 8.35 per cent. Last week, the bank also held meeting with major real estate developers across Delhi-NCR. About 150 Direct Sales Agents (DSAs) and 50 renowned builders across the region joined the event. He also said that interest rates on most of the products have peaked and there is hardly any scope for further hike. Rates on the liability side have also more or less saturated and liquidity position is within manageable range, he said. On the co-lending model, he said the bank ha

Top gear: Two-wheelers lead the line for auto festival sales this year

The Federation of Automobile Dealers Associations (FADA) data showed a 19 per cent growth in auto sales during the 42-day festival period in 2023

Consumers feel relief as wheat product prices soften during festival month

Going forward, market players feel that prices would be guided somewhat by the pace of new crop sowing and also the trajectory of liquidation of wheat inventories by government agencies

This season may see wedding business worth Rs 4.25 trillion in just 23 days

3.5 million weddings are expected to take place between November 23 to December 15, with a majority of people spending on average Rs 10 lakh per wedding, says a survey by traders body, Cait

Amazon Great Indian Festival Sale, Day 4: Sofas and home theatres to buy

Amazon offers different categories of products at huge discounts during its great Indian Festival sale. Here, you can buy the best L-shaped sofas and home theatres to enhance the look of your house

Consumers intent to shop online, spend more this festive season: Survey

A significant percentage of consumers have expressed an intent to shop online during the upcoming festive season and are also willing to increase their spending this year, says a survey. According to the Amazon India commissioned survey by Nielsen Media, based on a sample size of 8,159 consumers across metro and smaller cities, found that 87 per cent of consumers in metros and 86 per cent across tier-2 cities (population 10-40 Lakh) prefer to shop online this festive period. As per the survey, "81 per cent of consumers intend to shop online during this festive season. 1 in 2 consumers are willing to increase their spending this festive period compared to last year." According to a Redseer Consulting report, consumer spending in festive sales of 2022, had increased marginally by 3 per cent on a year-on-year basis. The Nielsen Media survey found that 3 in 4 consumers wait for online festive shopping events to purchase large appliances, as these events give them access to new brands a

Hartalika Teej 2023: History, Importance, Mahurat Wishes and Messages

Hartalika Teej is celebrated to honour the bond of God Shiva and Goddess Parvati. On this day, Goddess Parvati had kept a special fast to accomplish God Shiva as her spouse