Retail asset quality shows stress signs
Auto loan NPAs have increased six basis points to 1.16 per cent from 1.10 per cent in June 2019.
Airtel, Jio roll out higher incentives for retailers
The fresh bout of competitiveness comes soon after Vodafone Idea and Bharti Airtel — bat...
November automobile retail marginally improves over last year
The number of registrations of vehicles at regional transport offices (RTOs), w...
SC to hear in January pleas on grant of quota in promotions to SC/ST employees
A 5-judge Constitution bench in 2018 held that the well-off members of the Scheduled Castes (SCs) and Scheduled Tribe (ST) communities cannot be granted the benefits of reservation in college admissions and government jobs.
Retailers feeling the heat opt for advancing sales
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.
Lok Sabha okays bill to extend SC-ST quota in Parliament, Assemblies
The bill was passed with 352 members voting in favour and none against it. The reservation for SCs, STs and Anglo-Indians given for the past 70 years in Lok Sabha and state assemblies was due to end on January 25, 2020. The reservation for Anglo-Indians is set to expire on January 25 next year as the Bill does not extend the facility to the community.
Passenger vehicle retail sales up 1% in November: FADA
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.
French carmaker Groupe PSA Citroen planning lighter retail presence
Citroen has been popularising its format titled phygital -- a portmanteau of physical and digital -- to signify its technological advances in showroom experience for customers. Citroen is expected to offer kiosks with large screens showing how the cars would look with different accessories, and offer options on insurance, service contracts, accessories and others on a digital platform accessible across devices.
Actual retail loan growth could be lower: Report
Bulk of figures reflect the lending for purchase of NBFCs securitised retail loan pool, a report by Crisil said.
Consumer spending in slow lane, but retail credit sees 16.6% growth
Of the incremental retail loans disbursed by the banks in the year, a chunk was to buy pools or packages of loan receivables of non-banks.
Luxury retailer The Collective plans expansion
It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”
All you need to know about IPO allotment process
The minimum bid lot is defined based on the minimum application amount.
Govt further caps stock limit on onion retailers to 2 tons to check hoarding
Last week, govt had reduced the stock holding limit for retailers to 5 tonnes from 10 tonnes while that on wholesalers to 25 tonnes from 50 tonnes as onion prices were ruling high up to Rs 150 per kg. Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
Tata Realty exits two non-strategic assets for Rs 700 cr
The Tata Group company has sold these malls to private equity firm Xander Group’ retail arm Virtuous Retail for around Rs 700 crore, said two persons familiar with the development. The transaction would provide an exit to Tata Realty’s maiden fund Tata Realty Initiatives Fund I that had invested in these assets through its corpus of $750 million.
Small towns go online to quench thirst for luxury
Most consumers tend to go bargain hunting online. For a large part of 2019, luxury mall managers reported that sales were lacklustre. Luxury goods websites, however, managed to buck the trend because of 20-50% lower costs on their sites. But at the moment, watch companies do not seem to be finding too many takers in tier-2 and 3 towns.
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