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consumer durables News
Diwali dampener: Get set to pay more for electronic goods as rupee plunges
Fri, Aug 17, 2018
Consumer durables makers may go for a price hike before the festive season sales to partially pass on the higher import bills due to fall in rupee. Sony, Panasonic and Godrej said they are closely watching the currency movement as the rupee today crossed a historic low of 70.32 against the US dollar.
E-retail market size to surge 250% in the next 3 years
Mon, Feb 19, 2018
The continued focus of major players on existing business segments such as apparel and fashion will drive growth, a report said
Market take heavy beating, tumble 983 points for the week
Sat, Feb 03, 2018
The budget proposals of 10% long term capital gains tax on equities and overshooting of fiscal deficit target quashed investor optimism
Sensex builds on gains, regains 34,000 mark in early trade
Fri, Jan 05, 2018
The 30-share index rose 100.48 points, or 0.29 per cent, to 34,070.12, with all sectoral indices led by PSU, consumer durables, auto and metal trading in the positive zone, rising by up to 0.57 per cent.
FMCG, white goods makers pin hope on 2018 to erase woes of 2017
Tue, Dec 19, 2017
The companies feel that prospects of good economic growth coupled with a revival in demand and consumption will help them overcome the hit they took on volumes and profits in 2017.
Air Conditioners to get costly in the new year?
Mon, Dec 11, 2017
You may have to pay more for buying an Air Conditioner in the new year.
Sensex, Nifty gain over 1%; auto, durables stocks surge
Thu, Dec 07, 2017
The barometer 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed gaining over 300 points, while the wider Nifty50 of the National Stock Exchange (NSE) closed firmly above the 10,100 level.
Sensex soared to life-time high; Nifty scaled another record high in opening trade
Fri, Oct 27, 2017
Sensex soared by 123.49 points, or 0.37%, to 33,270.62 points, breaching its previous record high (intra-day) of 33,196.17 hit yesterday.
GST effect: Pay more to buy home appliances from today
Sat, Jul 01, 2017
People planning to purchase white goods will have to shell out more money from today as most appliances and durable makers have increased their prices in the new tax regime under GST.
A final check: How GST impacts your toothpaste to your car purchase
Fri, Jun 30, 2017
With the GST rollout at the stroke of midnight tonight here is how it will impact your business, industry and even your household finances.
Consumer durables sales increase up to 100% during pre-GST discounts
Wed, Jun 28, 2017
Retailers that cut their losses and offered consumer durable products on sale with up to 50% discounts have now seen an increase in pre-GST sales. The sales of the retailers have increased 100% YoY with GST rollout being two days away.
Investors lap up shares of air conditioner-makers as mercury soars to near record highs
Wed, Mar 29, 2017
Shares of Indian consumer durable companies, especially air conditioner makers like IFB Industries, Blue Star, Whirlpool and Voltas gained over 7% on BSE Sensex intraday on Wednesday.
Demonetisation had positive impact on sectors like metals, capital goods
Thu, Mar 16, 2017
Four months since demonetisation and its impact has started to fade out. However, everything isn't gloom and doom as analysis show that there were a few sectors that gained from Prime Minister Narendra Modi's bold attempt to tackle black money and push India towards a less-cash economy.
Lloyd's fall 15% as investors rue sale to Havells
Mon, Feb 20, 2017
Standard Chartered Bank was the financial advisor and AZB & Partners were the legal advisors to the transaction.
Havells to acquire Lloyd's consumer durable biz for Rs 1,600 crore
Sun, Feb 19, 2017
"...(Havells')board has approved the acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer).The acquisition is proposed to be executed at an enterprise value of Rs 1,600 crores on a debt free, cash free basis subject to closing adjustments," the company said in a statement.
India's consumption demand may take over one year to recover from demonetisation shock
Tue, Nov 22, 2016
“Consumption demand may take 1-6 quarters to recover on account of demonetisation.” One quarter is a three-month period that a fiscal year is divided into. A fiscal year, hence, has four such quarters.
Consumer demand may soar by 40% this festive season: Report
Sun, Oct 16, 2016
Rural demand is adding to the festive fervour, as good monsoon has boosted confidence among the farmers and farm labour.
Can 7th Pay Commission salary hike meaningfully boost Indian economy?
Thu, Jun 30, 2016
Some of the industries that are expected to benefit the most include automobile, FMCG, real estate, consumer durables, consumer finance and other discretionary sectors.