Page 7 - Festive Season Sale

Economy lightens up on festive season demand as shoppers back in force

Online marketplaces Amazon.com Inc., and Walmart Inc.-owned Flipkart saw sales jump 27% from a year ago to $5.7 billion during the festival season's first sale between Sept. 22-30

Flipkart Big Diwali sale: Samsung to Realme, deals on budget 5G smartphones

In its Big Diwali sale, Flipkart is offering exchange deals, bank offers, discounts, and no-cost EMI scheme on select smartphones. Check out the deals on budget 5G smartphones

Apple festival offer of up to Rs 7,000 discount on products ends on Oct 24

Apple festival offer of seven per cent instant saving (up to Rs 7,000) on use of eligible HDFC Bank credit cards and American Express cards is ending on October 24

Kharif arrivals likely to dampen food prices, but downside limited

CPI-inflation for the month of September surged to a five-month high of 7.4 per cent largely due to a spike in food inflation which jumped to a 22-month high of 8.6 per cent for the same period

SBI, HDFC offer discounted home loans at 8.40% as part of festive sales

Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings. SBI in a statement said that its home loan book has topped the Rs 6 lakh crore mark, a first in the industry. The leading lender said it is offering up to 25 bps discount on interest rate to new home loan borrowers, making the entry level rate at 8.40 per cent and the offer will run up to January 31, 2023. The largest pure-play mortgage player HDFC, which is awaiting its merger with its banking subsidiary HDFC Bank, said it's also offering discounted interest rates to new borrowers to the tune of 20 bps or at 8.40 per cent. According to HDFC website, the festive offer is valid up to November 30, and the low rate will be applicable to those borrowers who have a minimum credit score of 750. Leading banks and mortgage players have increased their lending rates by up to 0.50 percentage point after the Reserve Bank

Amazon Extra Happiness Days sale: Check out deals on top 5G smartphones

Amazon has kicked off its Extra Happiness Days sale in which the e-commerce platform is offering discounts, bank offers, instant cashback, and deals on select smartphones

Small cities dominate e-comm platforms' festival sales: Industry players

Small cities dominated the festival season sales of e-commerce platforms accounting for around Rs 24,000 crore or around 60 per cent of the total market share in value terms, according to industry players. The figures are for the recently-concluded festival sales wherein e-commerce players had offered significant discounts on various products. Tier 2 and beyond cities were at par with metros and Tier 1 cities with around 50 per cent contribution in gross merchandise value during the festive sales by the online players last year, according to Redseer Strategy Consultants. The consulting firm said that e-commerce firms are estimated to have registered a 27 per cent growth and clocking sales worth Rs 40,000 crore. Flipkart Group accounted for around 62 per cent of the total market share in terms of Gross Merchandise Value (GMV). Major e-commerce players such as Flipkart, Amazon, Meesho and JioMart have seen more than 60 per cent of the customers being from Tier 2 and beyond cities dur

Jubilant Food, Bata: Consumption stocks get leg up amid festive boost

Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels

Retail jobs in India down 12% amid record festive sales, says report

As e-commerce players earn big this festival season, India saw a de-growth of 11.8 per cent in retail sector jobs from August 2021 to August this year, a report showed on Friday

Amazon India terms Redseer's report on festive season speculative

E-commerce player Amazon India on Thursday called the report of Redseer Strategic Consulting on festive season sale numbers as "speculative which lacks transparency", while the consulting firm defended it as an independent research. The Redseer report showed that the Flipkart Group, including Myntra, Shopsy etc, maintains its leadership position, while Softbank-backed Meesho pipped Amazon to become the second-largest contributor in order volume. Amazon said that the first 12 days of the Amazon Great Indian Festival received the highest ever orders. "We cannot comment on speculative reports without robust and transparent methodology especially as these have not been shared with us. We witnessed the highest ever start to the event in the first 48 hours, with 8 times sales as compared to the average business days. This response is reflected across all categories and we have overall seen a substantial increase in visitors vs 2021," Amazon India spokesperson said. Reacting to Amazon ...

Realme announces festive days sale, discount on smartphones, laptops, IoT

Realme Festive Days sale is live on its website, Flipkart, Amazon and mainline channels. Here are the details

India sees $5.7-bn online festive sales, 56k mobiles sold per hour: Report

The online retail platforms in India clocked $5.7 billion (about Rs 40,000 crore) worth festive sales between September 22 to 30, a robust 27 per cent (year-on-year) growth, a report showed

Top Headlines: Global trade growth forecast; world currency reserves shrink

India's merchandise exports could face major headwinds next year with the WTO slashing its forecast for global trade volume growth to 1 per cent from 3.4 per cent

E-groceries, fresh-food get festival season boost from tier-2 & 3 cities

The fresh-food category, witnessed a surge in demand, especially from tier-2 and -3 cities

Automobile sales revved up 11% in Sept amid festival fervour: FADA

October likely to be good, too, amid the festival season

Shopsy claims 6-fold growth in customers, orders during festive season sale

E-commerce firm Flipkart's social commerce unit Shopsy claims to have registered a six-fold growth in customers and orders in the recently concluded festive season sale, a top official of the entity said on Tuesday. Flipkart New Business Head and Senior Vice President Adarsh Menon said that the company crossed 100 million app downloads in July out of which an estimated 80 per cent of the app users visited the site during the "The Big Billion Day" (TBBD) sale. "Our customer grew six times during the TBBD as well as orders. Almost 65 per cent of the orders came from tier-2 and below towns. Around 75 per cent of orders came through the selection of products that Shopsy has. "Between July - September 2022 Shopsy has grown by 2 times in the overall customer base and units sold further strengthening its presence across the country," Menon said. He said that the active customer base of the company doubled between July and September on the platform. Shopsy uses the resources of Flipkart b

Automobile retail sales rise 11% in Sep on festive fervour, better supplies

Automobile retail sales in India rose 11 per cent in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation Of Automobile Dealers Associations said on Tuesday. Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021. FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam. "Dealers anticipate this to be the best festive period in a decade for the passenger vehicle segment as we anticipate even higher sales during the month," it said. Barring tractors and some three-wheeler trims, all other segments like passenger and commercial vehicles and two wheelers performed better in September as compared to the year-ago period. Passenger vehicle retails increased 10 per cent to 2,60,556 units last month as against 2,37,502 units in September 2021. "Better availability of cars due to easing ..

Botched deliveries take toll on Amazon and Flipkart festival sales

The exact number of orders gone wrong is a number that will not be disclosed by the companies

Hyundai's domestic sales increase by 50% to 49,700 units in September

The Korean carmaker sold 33,087 units in the country in September last year

Why is it not a good time to buy a car?

Indian auto sector has shrugged off the pandemic blues with fancy models, especially SUVs. But if you are planning to book your car during this festive season, think again. This report tells why