Festive Season
Consumption demand making strong comeback: RBI Governor
Speaking at the eighth SBI Banking & Economics Conclave, he said: "There are signs that consumption demand triggered by the festive season is making a strong comeback." "This would encourage firms to expand capacity and boost employment and investment amidst congenial financial conditions."
Bumper Diwali Sales: Not revenge buying but sustainable demand, says CAIT
Explaining in detail the reasons behind the whopping Rs 1.2 lakh crore worth of sales recorded this Diwali season, CAIT's Secretary General Praveen Khandelwal told IANS: "Pent-up demand, as well as lesser Covid related restrictions and more choices, were some of the reasons behind this year's bumper Diwali sales, which broke a 10-year record.
Diwali Relief: Petrol, diesel prices remain static
Accordingly, the pump price of petrol in Delhi remains at Rs 110.04 a litre, while diesel prices also remained at Tuesday's level of Rs 98.42 a litre, according to a price notification of state-owned fuel retailers. In the financial capital Mumbai, petrol prices remain at Rs 115.85 per litre, while diesel is at Rs 106.62 a litre, the highest among all metros.
Crypto firm CrossTower to celebrate Diwali at World Trade Center in NY
For the first time in history, three-day Diwali celebrations will be held from November 2-4, showcasing a spectacular digital mural on the WTC podium and fireworks over the Hudson River. This event combines the American tradition of viewing fireworks over the Hudson River with the festival of lights.
Indian consumers seek to spend 25% of monthly salary on festive sales
Smartphones (37 per cent), consumer electronics (30 per cent) and home appliances (30 per cent) are on top of the shopping lists of consumers this festive season, according to consumer insights by CyberMedia Research (CMR).
After Tanishq, Fabindia forced to withdraw advertisement
Ironically, the collection which paid homage to Indian culture received criticism from senior BJP leaders who accused the brand of 'Abrahamisation' of the Hindu festival of Diwali by using an Urdu term. As per the company 'Jashn-e-Riwaaz' stands for a celebration of rituals or festive celebrations.
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