Page 9 - Festive Season

2W replacement tyre demand in rural market yet to see full revival: CEAT MD

Rural demand for two-wheeler tyres in the replacement segment is yet to see a complete revival but there is optimism that the festive season will give it a fillip, according to CEAT Ltd MD & CEO Arnab Banerjee. With crude prices rising again after the recent geopolitical disturbance, there is uncertainty over crude-based raw material costs and if prices increase it could be a dampener to future growth. "The two-wheeler replacement market is growing year-on-year in strong single digits, which is much much different from quarter one. However, we are yet to see a complete revival in rural demand," Banerjee told PTI. On the challenges in the rural market, he said while monsoon has been good in several parts of the country it was patchy and most of East and North East India didn't get good monsoon. Usually in Q2 demand dips in Q2 because of monsoon but it has not happened, he said adding, "So the market is in a similar state. It has not accelerated yet. Banerjee, however, said in the .

Navratri Day 6: Know importance of Maa Katyayani, rituals, timings and more

The 6th day of Shardiya Navratri lies on Friday, October 20. On this day, goddess Katyayani is worshipped. She personifies the fiercest incarnation of Goddess Durga

Food prices to remain stable during festival season, says food secretary

The government has recently used all tools at its command, whether trade policy or stock limit norms. These tools have been used judiciously to ensure prices remain stable, Chopra noted

Navratri Day 5: Know importance of Skanda mata, rituals, timings and more

Devotees pray to goddess Skandmata on the day 5th of Shardiya Navratri. She is the goddess Durga's fifth incarnation and represents sympathy, motherhood, and a heart loaded with love

Festival season gains momentum, leads to surge in airfares, hotel tariffs

Travel firms have also noticed a shift in the Visiting Friends and Relatives (VFR) trend usually seen during festivals

Festive demand: Coal India's fuel supply to thermal plants rises 6% in Oct

State-owned Coal India on Monday said its supply of fossil fuel to the country's coal-fired electricity generating units increased by six per cent to 23.5 million tonnes in the first half of October, ahead of the festive season. The supply was increased amid a sudden rise in power demand even as unseasonal rains hit the operations in coal bearing areas of Coal India's arms based in the eastern part of the nation. Chattishgarh-based South Eastern Coalfields Ltd (SECL) also bore the brunt of the inclement weather, it said. Coal supply to thermal power plants stood at 22.2 million tonnes during the same period of the last financial year. "Coal India's (CIL) supplies to thermal power plants of the country shot up close to six per cent to 23.5 million tonnes (MTs) during the first fortnight of October 2023... Comparatively the supplies were 22.2 MTs in the same period of October 2022," the public sector coal producer said in a statement. The overall supply of dry fuel by CIL to the ...

47% Indians to spend over Rs 10,000 in upcoming festive season: Report

Customer sentiment is significantly higher than last year when 19% of Indians said they would spend over Rs 10,000

Festivals bring $13 bn sale for e-tailers, MSMEs clock more Diwali orders

MSMEs from non-metro cities are clocking more Diwali orders this year than sellers from metro cities while the e-commerce opportunity could be at a staggering USD 13 billion for the Indian MSMEs during the festive season, says a report. Tech-enabled logistics platform and unicorn Shiprocket in its report released on Thursday noted that with e-commerce gaining traction, it anticipates around 10-15 per cent of the total order volume to be attributed to first-time shoppers. Shiprocket estimates the Indian e-commerce opportunity will be at a staggering USD 13-billion for the Indian MSMEs during the festive season, it said. Observing that as much as 56 per cent of its order volume originates from non-metro cities, the platform said this underscores the rapid adoption of online shopping and digital transactions in smaller towns and rural areas. In this spirit, MSMEs from tier-2, tier-3 and tier-4 cities are expecting higher Diwali gift orders than sellers from metro cities, it ...

KredX to create Rs 4,000 cr corpus for working capital needs of businesses

Fintech company says its imitative would help companies during the festive season

Clicking towards record: Festival season spurs online shopping spree

Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled

Banks raise Certificate of deposit by 20 bps in Oct to cater credit demand

CDs, which are short-term debt instruments employed by banks to amass funds, have seen an uptick in rates

Festive season bump unlikely to jumpstart rural auto demand: Analysts

India has a line-up of festivals and auspicious periods between August and November, pushing up vehicle sales

700K gig roles to be created for ongoing festival season this year

The increased job openings are primarily being fuelled by the flagship sale events hosted by e-commerce platforms

Focusing on speedy delivery this festival season: Amazon's Akhil Saxena

Akhil Saxena, vice president, operations, APAC, MENA and LATAM and worldwide customer service head, Amazon, is passionate about coaching people

E-commerce firms scale up tech efforts for upcoming festive season

Online retailers, startups are scaling up their tech and innovation efforts to handle demand from shoppers during festive season and make their shopping and payment experience seamless

Flipkart unveils VIP subscription programme ahead of the festive season

Flipkart is taking on Amazon by introducing a paid subscription service primarily aimed at shoppers in top cities.

VW to offer new features, benefits with Taigun, Virtus this festival season

Volkswagen (VW) will introduce twin electrically adjustable front seats (driver and co-driver) for its midsize SUV Taigun and sedan, Virtus

Online sales this festive season to be 15% higher than last year: Redseer

Sellers are also planning to spend more on marketing and advertising on e-commerce platforms this festive season to drive sales, as compared to last year

Analysts bet on these consumption pockets ahead of the festive season

Fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months

Over 100 cracker markets to come up across Bengal ahead of festive season

Over 100 firecracker markets will be set up across West Bengal ahead of the festive season, the organisers said. Manufacturers of green crackers who comply with environmental guidelines will be allowed to set up stalls in these 'Baji Bazars', said Babla Roy, the chairman of Sara Bangla Atasbaji Unnyan Samiti. Around 4,000 firecracker manufacturers and sellers have submitted applications to set up stalls in these markets, he said. Besides the 'Baji Bazars' in different districts, four mega marts will be held at Maidan in Kolkata, Dumurjala in Howrah, Kawakhali in Siliguri and Barasat in North 24 Parganas. "The first Bazaar is likely to begin on October 12. Others may start a few days later based on the convenience of the organisers and stall owners. The duration of the bazaars will not be the same for all. The big ones will continue till Kali Puja and Diwali," Roy said. "There will be gaps of several feet between two stalls, and officers of the state pollution control board will ..