TJX earnings beat, Revenue misses in Q2
Investing.com - TJX (NYSE:TJX) reported on Wednesday second quarter {{erl-8227||earnings that beat analysts' forecasts and revenue that fell short of expectations. TJX announced earnings...
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Consumption News & Analysis
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India chip component market to grow to $300 billion from 2021 to 2026: report
The ‘India Semiconductor Market Report, 2019-2026’, a joint research by the India Electronics & Semiconductor Association (IESA) and Counterpoint Research, observed that India is poised to...
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Indian Finance Minister Issues Warnings Regarding Crypto
The Indian finance minister suggested against using cryptocurrency.The law enforcement organization blocked the assets of two crypto exchanges.At a BJP Economic Cell event on Saturday,...
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India's fuel demand continues to fall in August as monsoon sets in
Diesel demand in India fell for the second month in a row as the onset of monsoon chipped away consumption in key sectors like agriculture, preliminary industry data showed Tuesday.
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Per-capita power consumption in Telangana up by 69% in 8 years
After the formation of the state in 2014, an amount of Rs. 36,918 crores has been invested in strengthening the Transmission and Distribution network in the state and also 24 hours power is...
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Japan's GDP expands in Q2 after Covid curbs lifted
The world's third-largest economy grew 0.5 percent quarter-on-quarter due to stronger consumption and capital investment, but the rise was below market expectations of 0.7 percent.
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Looking at FY23 with cautious optimism, demand to recover as mobility picks up, says ABFRL Chairman Kumar Mangalam Birla
For the long-term, India remains on a strong value creation path considering the underlying growth drivers like favourable demographics, increasing per capita and disposable income, and...
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Quit alcohol, win scholarships for kids - Maha villages try new way to kick the habit
These alcohol addicts, residents of Goundare village under Karmala tehsil of Solapur district in western Maharashtra, are part of a novel initiative aimed at persuading people to voluntarily...
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Mutual Funds returns
As on : Aug 13, 2022
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The Phoenix Mills reports Rs 718 crore net profit in April-June
Retail consumption rose 123% during the quarter to around Rs 2,190.5 crore, which is at 123% of the pre-Covid period of first quarter of 2019-20. Total consumption in July 2022 rose 133% to...
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To explore feasibility study for rubber farming in Kolhapur: Rubber Board
Rubber Board signs MoU with DY Patil Agriculture and Technical University for farming
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Higher sugarcane area may pose problems for mills next season
Sugar output seen around 350 lakh tonne after diversion of the commodity for ethanol production
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As Indians prioritise spending, personal care makes cut
Most of the discretionary personal care categories are in the mid-to-premium segment. The sales growth of such products defies the historical industry trend of consumers cutting down on...
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NDPS Act amendments: Drug charges to stay given current use, trafficking
ET gathers that it was indicated so to stakeholder ministries and departments at a high-level meeting during the national conference on drug trafficking last week.
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Tipplers are back in the bar with a bang
The 'on-trade' channel that includes bars, restaurants, hotels, nightclubs, shrank to about 10% of the overall share in 2020 - it's historically about 27-30% - amid restricted mobility and...
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FMCG sales value dips for 3rd month in July as prices weigh
While the electronics market grew by 25% over pre-pandemic levels, it was price-led after companies hiked price tags by 20% on average. Besides, demand for entry-level products is still...
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Serviced turbine for Nord Stream 1 can be delivered at any time: Scholz
The turbine for the Nord Stream 1 gas pipeline, which was serviced in Canada, is ready for use and could be delivered to Russia "at any time", said German Chancellor Olaf Scholz.
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Germany needs to slash gas use by more than any other EU state: Reports
Germany needs to reduce its gas consumption by more than any other European Union member state in order to achieve the bloc's agreed savings target of 15 per cent, according to an...
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Add 'consumption' to portfolio if you can stomach a little risk
In the past year, the Nifty India Consumption Index has gained 16.9%, as compared with the Nifty50 gain of 7.49%. In the same period, the price-to-earnings (PE) ratio fell from 78.64 to...
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Amended Energy Conservation Bill seeks to build carbon credit market
Will also embrace green fuels, industrial energy efficiency
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FMCG packs are back on urban India's shopping lists
India's FMCG sector grew 10.9% in April-June by value, versus 6% in the previous quarter. Urban markets revived with a positive volume growth of 0.6%, against slower recovery in rural...
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FMCG sector to end 2022 with 8-10% value growth: NielsenIQ
Urban markets see positive volume growth but rural markets remain in negative territory in the June quarter
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NTPC-arm in Bihar failed to achieve CERC norms: CAG report
NTPC-arm in Bihar is not operating at full capacity and has failed to achieve norms fixed by the Central Electricity Regulatory Commission, according to a CAG report.
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FMCG industry recovers on higher urban consumption: Report
Data analytics firm NielsenIQ on Tuesday said the overall consumption has revived as unit volume has increased on a sequential basis in the April-June quarter. However, on an annual basis,...
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Tata Power signs MoU with JLL India
To collaborate on green energy solutions in realty space
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ITC Q1 profit jumps 38% on all-round show; company expects pickup in consumption
The conglomerate believes prospects of economic recovery and pick-up in consumption are expected soon, thanks to a favourable monsoon, recent moderation in prices of key commodities and...
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Lok Sabha debate: Opposition claims govt not serious about checking price rise
Manish Tewari alleged that savings, investment, production, consumption and employment, the five pillars of the economy, have been blown away due to the wrong policies of the Union...
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India's petrol, diesel sales fall in July as monsoon sets in: Data
Petrol and diesel sales in the country fell in July over the previous month as the onset of monsoon chipped away demand in some sectors and restricted mobility, preliminary industry data...
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India's power consumption grows 3.8% to 128.38 bn units in July
Power consumption in July last year was recorded at 123.72 BU, which was higher than 112.14 BU in the same month of 2020.
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India's power consumption grows 3.8 pc to 128.38 bn units in Jul
Power consumption and demand were affected in July 2020 due to the staggering impact of the imposition of lockdown restrictions for curbing the spread of the deadly coronavirus. The...
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Spend trend: Consumption survey to include electronics, online shopping
India will now be keeping tabs on your spending online, electronic products such as mobile phones and Covid management products, as part of the Household Consumption Expenditure Survey...
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France's GDP bounces back in Q2 after negative Q1 owing to foreign trade
Following the stagnation of the first quarter of 2022 (Q1), France's gross domestic product (GDP) recovered by 0.5 per cent in the second quarter (Q2)
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The U.S. economy is shrinking. The Fed's rate hikes may have only just begun to bite
"We do want to see demand running below potential for a sustained period to create slack and give inflation a chance to come down," Powell said on Wednesday. "It's also worth noting that...
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Inflation, price rise could dent India's gold demand in July-Dec: WGC
India's annual inflation rate in June remained painfully above the 7% mark and beyond the central bank's tolerance band for the sixth month in a row, raising the prospects for more rate...
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Regulating algorithm future of media
Opacity over the manner in which social media platforms, also referred to as intermediaries, conduct themselves is one of the most formidable of regulatory challenges facing India
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Consumption weakness seen in rural India: Unilever CEO Alan Jope
During the quarter, HUL reported 19.5 per cent growth and the company took a 12 per cent price increase across its portfolio
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Madhya Pradesh, Karnataka see spike in deaths due to hooch between 2016-20
In India, the number of hooch tragedies has only gone up. According to a report in ABP live, India sees the death of 3 people every day due to the consumption of spurious liquor
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IEX power trade volume up 10% to 23 bn units in Q1 as consumption rises
The trade volume in the quarter comprised 20.64 bn units in the conventional power market, 1.52 BU in the green market segment and 11.97 lakh certificates in REC market, which is equivalent...
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Unilever CEO flags falling consumption in rural India
Russia's war in Ukraine has exacerbated rising prices for almost everything, from wheat and cooking oil, to natural gas and crude oil, making it more expensive to produce goods.
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Consumption weakness due to impact of inflation, particularly in rural areas: Unilever CEO
The British consumer goods firm said India has been a particular area of strength from a volume perspective as it saw double-digit pricing growth while still maintaining high single-digit...
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Delhi Police launches drive to curb liquor consumption in public places
Delhi Police has launched a special drive against drunkards to restrain the consumption of alcohol in public places and to curb crime and offences due to liquor consumption. During this...
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Natural gas demand dips as power companies, refiners switch to alternative fuels
A part of the decline in imports has been offset by rising domestic output, which expanded 5% over the year in April-June. This has also resulted in lower capacity utilization at gas import...
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India's consumption of petroleum products during April-Jun 2022 up nearly 17% on year
India's crude oil imports in Q1FY23 jumped 17% on year to 60.2 million tonne (MT) as refineries stepped up processing to meet higher domestic demand for petroleum products including diesel....
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Jyothy Labs Q1 net profits up by 18.7% to Rs 47.73 cr; sales up 13.7%
Home-grown FMCG firm Jyothy Labs on Monday reported an 18.73 per cent rise in its consolidated net profit at Rs 47.73 crore in the first quarter ended June 30, 2022
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Sachet subscription for Rs 10/movie on Netflix not very far: PayNearby MD
Should a high subscription fee stop those living in rural India from enjoying Netflix shows? Not really! A "sachet subscription" for Rs 10 per movie can play all the trick, says fintech firm...
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Time to bet on Indian consumption-centric stocks: Shashank Khade
Time to bet on Indian consumption-centric stocks: Shashank Khade. Shashank Khade, Co-founder & Director of Entrust Family Office, says it is time to bet on India centric growth stories as...
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Jio Platforms' Q1 profit gets a 24% boost from tariff hikes
For the April-June quarter, JPL's consolidated net profit stood at ₹4,530 crore from ₹4,313 crore in the January-March quarter and ₹3,651 crore in the year-ago period, the company said on...
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Cost spike weighs on JSW Steel as profits slump 86% in first quarter
Firm scales down capex plans
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Is the FMCG sector coming out of the woods?
The FMCG sector went through a difficult phase in the last two years. But, after the recent drop in commodity prices, are things looking up for the sector now? Our next report takes a deep...
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Mars India says Skittles meets all local norms
Mars Wrigley's India unit has said its Skittles chocolate brand being sold in the country complies with local regulations.
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