Businesses in India's household durables segment are expected to see some moderation in revenue growth in the just-concluded October-December quarter, asserted HSBC Global Research in a thematic report ahead of the impending earning updates.
The consumer durables industry in the country is expected to witness weak growth in FY26 due to slowing consumption demand, according to a report by Nomura.
The Indian Rupee (INR/RS) depreciated by 2.8 per cent in CY24 but still outperformed many of its peers. The Reserve Bank of India (RBI) has actively intervened in the forex market to manage currency fluctuations.
New Delhi [India], December 19: Cellecor Gadgets Limited, one of India's fastest-growing consumer electronics brands, has achieved yet another milestone by receiving the prestigious ET Inspiring Leaders Award 2024. The award was presented to Ravi Agarwal, Founder and Managing Director of Cel
The report highlighted that the shrinking size of Indian households has led to an increase in the number of families, which is driving the consumption of home appliances and other durable goods.
New Delhi [India], November 26: Elitas Appliances, a brand synonymous with quality and innovation in home appliances, has officially launched its product line in India. Known for combining cutting-edge technology with elegant design, Elitas seeks to establish itself as a key player in the co
India's consumer durables market holds immense growth potential due to lower penetration of electric appliances compared to the global average, according to a report by the Confederation of Indian Industry (CII) and EY India.
The Q2 FY25 earnings season has highlighted challenges across several sectors, causing concern among investors as many companies reported weaker-than-expected performance.
New Delhi [India], November 6: Home Credit India, a local arm of the leading global consumer finance provider, has released the findings of its annual consumer study - How India Borrows. The sixth edition of the study reported a significant shift in borrowing patterns among the lower-middle-
Mumbai (Maharashtra) [India], October 24: HDB Financial Services Limited (HDBFS), a leading NBFC, has announced partnership with Haryana Steelers in the Pro Kabaddi League. With a common vision to empowering individuals to unlock their potential, the collaborative effort will enable millions
Demand for domestic appliances was muted in Q2FY25 attributed to weak consumer sentiment and lower liquidity in the distribution channels. Lower stocking by the channels ahead of the festive season also affected sales, especially for kitchen and domestic appliances.
Indian stock indices managed to hold on to the early gains it accumulated on Wednesday, to close the day in the green. The stock indices had opened largely flat today, as investors took a breather after a four-session rally.