Consumers have been indulging in festive snacking and gifting for Diwali, encouraged by companies offering affordable gift packs and food hampers despite inflation concerns
Diwali is always a special occasion for both companies and their employees. Here are the top 6 budget-friendly gifts to share this Diwali
In consumer durables, demand was somewhat affected by unseasonal rains during Dusshera, according to Nilesh Gupta, managing director of Vijay Sales
Udaipur has emerged as the top trending domestic destination for Indians traveling domestically, witnessing a 220% increase in searches followed by Puducherry (200%) and Mumbai (35%).
The directive for withdrawal was issued on November 7, 2023, barely days before Diwali
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Gold, considered a safe-haven asset, offers a compelling investment prospect, especially in periods of increasing inflation and unforeseen market turbulence
Global luxury brands are increasingly seeing India as a luxury destination. This year too, many including Cartier and Jimmy Choo, have launched India-specific collections for the festival season
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The demand for gig workers is, however, not restricted to tier-1 locations. Tier 2 and tier 3 cities have seen an increase of 40 per cent, with a higher demand for delivery workers
Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.
LocalCircles report said CMIE had reported that the consumer sentiments decreased in August after rising in July
The confederation said the upswing was not triggered by 'Revenge Buying' but a 'Sustainable' demand trend.
Local shops on Amazon clocked a 2x spike and sold over 10 products every minute
Brass is big, health is the new wealth and green is the new gold this festive season, as malls and e-commerce platforms alike go all out to woo the customer with a host of tempting offers
The gems and jewellery industry had shown signs of recovery in January-March this year
While the countrywide lockdown between late March and May wiped out sales for three months, falling demand after Diwali has been a crippling factor
India's top retail trade body said that sales during the country's Diwali festive period rose by more than 10% year-on-year, indicating "good business prospects" for small businesses
Economic growth has slipped to a six-year low of 5 per cent for the June quarter and is expected to turn in lower than that in the September quarter
German premium car maker Mercedes-Benz on Saturday announced opening of booking for its all-new SUV GLE, which is expected to be launched in India early next year