The exception to this trend was online credit card transaction value, which propelled by ecommerce festive sales, saw September month processing record-high transaction value
For consumers to discard brand loyalty altogether and shift to loose/unbranded goods is a sign of income distress. The key question is if listed companies are worried enough to do something about it
Since May 7, online orders have dropped and advertising spends are no longer yielding expected returns, as consumer attention shifts from shopping to the conflict with Pakistan
The firm has also witnessed a slowdown in food delivery, in line with the overall industry, over the past few months, but is now gradually starting to see demand pick back up due to occasions like Holi, Ramadan and the recent Champions Trophy cricket tournament, Grover said.
Khatri expects international markets to be a big growth driver this year along with deepening penetration in India’s tier 2 and beyond markets
India’s current growth rate is reflective of these external conditions rather than a domestic economic slowdown.
Sanctions on Russia, a global demand slowdown and competition from lab-grown diamonds are some of the hits the Rs 1.6-lakh-crore Surat diamond industry took. It is pinning hopes on the festival to reignite demand
The Karnataka government on October 21 dismissed a report projecting a Gross State Domestic Product (GSDP) growth rate of 9.4 percent for Karnataka in 2024-2025, down from 13.1 percent in 2023-2024.
Companies have realised that they are sitting on excess staff with skills that are no longer growth drivers
Faze Three is well placed for a stronger growth, given that a large part of the capex is completed.
The slowdown in orders began at the end of last year, as rising interest rates and sagging economic growth curbed appetites for new robots, the group, also known as A3, said.
The effect of a slowdown in the global IT sector is visible on the commercial real estate space in India
The Asian giant’s post-pandemic recovery is faltering, raising hopes of a stimulus. Moneycontrol looks into the options before the government and the central bank.
While residential demand is largely domestic in nature, the commercial segment’s office occupier profile is largely IT/ITeS companies with clients in the West. If the West slips into a recession and those clients cut budgets, there could be some impact on the commercial segment here, said one expert.
So far, the Tiger Global-backed company has acquired at least 17 companies between October 2021 and December 2022 but has gone slow on its acquisition spree after that.
While Rs 2 may seem like a small amount, it would create a large enough corpus for Swiggy to reinvest back into its business as it delivers over 1.5 million orders each day, analysts said
CEO Thierry Delaporte attributed the revenue growth decline in constant currency terms during the quarter to the uncertainty in the market and the resulting slowdown in discretionary spending.
China has set its 2023 growth target at a lower-than-expected 5 percent despite lifting its zero Covid policy. Moneycontrol lays out the reasons why this may have happened and looks at a key challenge going ahead.
For much of the last two years, Americans’ pay couldn’t keep up with the rising cost of staples like food, rent or gasoline. But with price increases now slowing down, workers are finally seeing their inflation-adjusted incomes start to rise
The Fed had earlier this week increased its benchmark rate by a quarter-of-a-percentage-point to 4.5-4.75 percent
The S&P 500 energy sector is up 4.2 percent year-to-date, slightly lagging the rise for the broader index. The sector logged a 59 percent jump in 2022, an otherwise brutal year for stocks that saw the S&P 500 drop 19.4 percent
Bolstering such prospects are China’s reopening after pandemic lockdowns, evidence of slowing inflation, and the assured views of some senior European officials that their economies won’t suffer recessions
Investors and economists continue to doubt Fed forecasts that rates will rise to above 5 percent from their current level just below 4.5 percent
Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.
The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic