Two Wheelers sales in affordable segment also happens to give a positive indication for the higher disposable income numbers for middle class households which constitute a major proportion of India’s population.The reason why these numbers are good for the economy is not only from the perspective of supply side drivers but also from one of demand side drivers. For middle-class families, these expenditures in households happen to be a one-time spending and which families generally do only when they have savings. This MoM growth indicates that they are willing to spend on getting a fixed asset as they hope to have a sound financial health in the near future. This suggests an increase in consumer confidence.So, the buildup of a positive trend in sequential sales figure also hint toward a growing aggregate consumer demand which is a crucial factor to get the economy in a good shape.Four-Wheeler SegmentThe story is similar, broadly speaking, across all four-wheeler behemoth … [Read more...] about Road ahead for Indian auto industry: Short term vis-à-vis long term recovery
"While the run has been very strong, and valuations are getting rich, we believe the outperformance may sustain. Despite a subdued FY21F (weak energy business, COVID-19 impact), we expect a 29 percent CAGR in consolidated earnings over FY20-23F. Also, investor appetite is strong for consumer business. While institutional holding in RIL has been rising, we believe there is under-ownership, given the sharp rise in RIL’s weight in Nifty," Nomura said. … [Read more...] about RIL, RIL partly paid shares hit all-time high; combined m-cap tops Rs 14L crore
Meera explains that they are working to enable artisans to align with the digital world and creating campaigns for stock sales. “Design schools such as Srishti, NIFT, IICD hand-hold the artisans in taking professional photographs and uploading them. We are building a stock sales listing, inviting B2B buyers to meet and interact with artisans.” … [Read more...] about Karuna dolls spread hope and joy during the pandemic
One of the first items to go was Abraham & Thakore’s gold foil jacket at ₹21,900. Rohit Bal’s black printed anarkali at ₹37,500 also found a happy owner in under a minute. As festive lehengas, saris and kurta-sharara sets continue to fly off the digital shelves at Ensembleindia.com, it is clear that the Baradari project, which began today, has stepped up things in the fundraiser department. With the lockdown and May’s cyclone Amphan in West Bengal, many craftsmen, embroiderers, weavers and artisans have lost their homes and looms, or have unsold inventory and need immediate financial help. The last few months have seen a few charity initiatives take shape, and some designers have been supporting their craftsmen with dry rations or raw materials. Baradari, founded by fashion journalist Namrata Zakaria and backed by Bollywood star, Kareena Kapoor Khan, with Tina Tahiliani Parikh of Ensemble helping with execution and Pareina Thapar with communications, … [Read more...] about Tina Tahiliani Parikh on the anatomy of a fundraiser
Ayush GuptaHistory has constantly demonstrated the ability of strong brands to remain unscathed during periods of great depressions, and extreme market volatility. They decline less in value and recover faster! If you own or manage a strong brand, think about it yourself, this lesson was clear during the global financial crisis a decade ago and it will emerge even stronger now. Even with the current trends, Indian Economy is touted to grow to a $ 7 Trillion mark by 2030, with 50% of the growth coming from retail sector. This trend will be fueled by the rising middle class population of 1.2 billion citizens with sky high aspirations to improve quality of life. I anticipate the next decade to be full of action. When referring to a broad global equity index that represents large and mid-cap equity performance across 23 developed countries; it shows that during this pandemic the index fell by as much as 75% , however the equity of the top 10 brands of the world dropped only by 37% before … [Read more...] about Opinion: The next wave of growth will come from within. Make a Meaningful Difference!