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Dec 15, 2019, 11.51 PM IST

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Housing sales may rise marginally by 4% in 2019: Report

Housing sales are estimated to rise by mere 4 per cent to 2.58 lakh units across seven major cities during this calendar year on subdued demand because of liquidity crunch and overall economic slowdown.

Air purifier sales see up to 60% spike on rising air pollution

Air purifier makers like Philips, Blueair, Panasonic, Eureka, Forbes, Sharp, X...

Construction equipment sales show revival signs

According to two industry insiders, the industry reported marginally improved sales over prec...

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  • Financial creditors took a 52% haircut on their ₹12,500 cr of loan exposure to the company.

    "We are seeing a decent 9-10 per cent growth in September-November compared to the same period last year. This is a positive sign after a weak July-August," Triumph Motorcycles India General Manager Shoeb Farooq told.

    Sales of tea at the Guwahati auction centre have been disrupted. Instead of 40-45 lakh kgs, only 15 lakh kg has been sold so far this week.

    According to FADA, passenger vehicles (PV) sales stood at 2,55,535 units in November 2018. Two-wheeler sales increased 3 per cent to 17,05,495 units last month as compared with 16,60,082 units in the year-ago period. Commercial vehicle sales, however, declined 8 per cent to 77,394 units as compared to 84,040 units in November last year.

    Manufacturers and retailers say the season begins after Diwali and peaks when pollution is in the headlines in newspapers and television. Once these fade, sales subside. The market is worth Rs 200-230 crore, growing at about 15-20% annually, with over 50 brands jostling for business, making this one of the most populated electronics categories in the country.

    The business is said to be valued at about Rs 200-225 crore.

    Luxury sports carmaker Porsche is banking on its new product offerings to help it maintain sales at previous year's level amid a slowdown in the country, according to a senior company official.

    The FMCG giant is backing frozen food in its chase of Rs 1 lakh crore non-tobacco FMCG sales by 2030.

    Ecommerce marketplaces Amazon and Flipkart have lined up promotions this month and next to clear inventory. Discounts will be offered across a range of products, including electronics and smartphones. The trend of bringing forward winter sales from the usual time of end-December or early January started two years ago, following poor business in the preceding months.

    Terming the report suggesting roadblocks from some bankers as "bruits", Coffee Day Enterprises said that it along with its subsidiary Tanglin Developments is working on that.

    Foreign pension funds and private equity funds were showing more interest in India’s highway road assets within the infrastructure space given the policy issues involved with various states in other infrastructure asset classes, Asheesh Sharma, member (finance), the National Highways Authority of India (NHAI) said.

    The Comptroller and Auditor General (CAG) Rajiv Mehrishi presented a report in Parliament which revealed that out of the 24 staterun public sector undertakings approved by the Cabinet for strategic stake sale, only one HPCL-ONGC deal was finalised in 2017-18. The auditor slammed the government for using exchange traded fund route for the sale.

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