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Bengaluru-based RedSeer Consulting said the gross sales revenue of $7 billion expected for the month would mark a 60 per cent jump, from $4.3 billion, or Rs 28,000 crore, clocked during last year’s festive month.
Festive season may see Rs 45,000 crore online splurge
Sangeetha G
27 Sep 2019 1:59 AM

60% increase in sales seen on small town outreach.

The new-age hospitality company says it witnessed an upward surge in bookings in its hotels in smaller cities in the September quarter compared to the previous quarter and the same quarter last year.
Short trip to small cities is new travel trend
Sangeetha G
27 Sep 2019 1:58 AM

Surat and Nagpur saw daily average bookings shooting up by 493 per cent and 291 per cent, respectively.

Consumers and markets are increasingly seeking eco friendly alternatives to single-use plastics.
Muted growth seen in plastic exports
Sangeetha G
27 Sep 2019 1:58 AM

The Y-o-Y growth in plastics exports is expected to remain tepid at best, finds a report by Drip Capital.

On a comparative basis, Basmati rice exports in 4M FY20 stood at Rs. 10,847 crore, 6 per cent lower than Rs. 11,575 crore in the corresponding period in the previous fiscal.
Basmati rice exports to be muted this year
Sangeetha G
27 Sep 2019 1:57 AM

In FY19, Basmati rice exports were at an all-time high at Rs 32,806 crore, primarily led by aggressive buying by Iran.

Modifications also could be made on addition of approved standalone riders or add-ons to the approved individual health insurance products, minor changes in policy wordings, change in the name of the approved product, change in sum insured options made available to policyholder within the sum insured range filed and decrease in minimum and / or increase in maximum premiums and maximum entry age.
Insurance policies become flexible
Sangeetha G
25 Sep 2019 2:07 AM

Premium table can be extended, list of day care procedures can be expanded and critical Illnesses covered can be added.

China has also restricted import of certain types of waste paper due to environmental concerns. The restrictions led to a decrease in waste paper prices, in turn benefitting India, an importer of the commodity.
Trade war hits Indian exports to China
Sangeetha G
24 Sep 2019 1:52 AM

China has also restricted import of certain types of waste paper due to environmental concerns.

Post transfer of its entire stake in Thomas Cook India to Fairfax, Thomas Cook UK ceased to be the promoter of Thomas Cook (India).
India business not related
Sangeetha G
24 Sep 2019 1:51 AM

The world's oldest travel firm Thomas Cook collapsed on Monday, stranding hundreds of thousands of holidaymakers around the globe.

In the sixth annual ‘Flavors of Fast report’ by FIS, which analysed 54 countries, India’s Immediate Payment Service received the only 5+ rating on the Faster Payments Innovation Index scale of 1-5. (Photo: Financial Chronicle)
IMPS is world’s best money transfer platform
Sangeetha G
20 Sep 2019 1:16 AM

India is one market which has successfully integrated real-time payments with mobile and the result has been 1,000 per cent plus growth rates.

Among the total respondents, 46 per cent were either spending less or were not spending in the last 45 days on discretionary purchases.
Consumers to spend less this festive season: Survey
Sangeetha G
19 Sep 2019 12:56 AM

Brands need not expect much from these four per cent respondents who are willing to spend more than Rs 50,000 per household during festive season.

The Biscuit Manufacturers Welfare Association has made a representation to the council seeking revision of GST rate for biscuits priced below Rs 100 per kg on par with other processed food items which were exempt from excise duty during the previous regime. (Representional Image)
GST (il)logic: Tax on biscuit 18 per cent, bread 0 per cent, rusk 5 per cent
Sangeetha G
18 Sep 2019 1:50 AM

Biscuits priced below Rs 100 per kg accounts for 25 per cent of the biscuit market in value terms and 42 per cent in volume terms.

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