INDIAS RETAIL MARKET
Pee Safe ropes in Arijit Sen to lead sales and distribution
Pee Safe, a hygiene and wellness brand, appointed Arijit Sen as vice president-sales to enhance distribution and retail strategy. Sen, previously with Healthkart, brings extensive experience in scaling businesses. His leadership aims to expand Pee Safe’s retail footprint and innovation. The intimate hygiene market in India, currently underpenetrated, is set for significant growth.
How ICC Men's T20 World Cup resonates with India's capital markets
India's capital markets' resilience mirrors the T20 World Cup win. Market capitalization surpasses USD 5 trillion with 160 million Demat accounts. Mutual fund equity assets support BFSI and automotive earnings. The Modi-led government ensures economic momentum and infrastructure development. The Union Budget is critical for growth. Apollo Hospitals and Hindalco anticipate superior EBITDA growth.
Retail chases reward over risk, equity MF folio additions hit a record in June
In June 2024, 4 million equity mutual fund folios were added, raising the total to 133 million, according to AMFI. Sectoral funds, contributing 37.84% of gross inflows and over 40% of new folios for a second month, spearheaded this growth.
It’s time that the stock market is made accessible to retail investors without the risk of punting or trading
Households will not, and should not, resort to stock trading as their tool to manage surplus funds. Many retail investors are still unable to deftly book losses and keep the focus on the capital and its protection. They are still product-oriented and care more about the rate of return. When capital loses value, they still find it tough to book a loss and redeploy.
India to see retail digital payments to double to $7 tn by 2030: Report
India is expected to double retail digital payments to USD 7 trillion by 2030, according to a study by Kearney and Amazon Pay. The report, 'How Urban India Pays', suggests that affluent consumers lead the way with the highest Degree of Digital Payment Usage (DDPU), using various modes of digital payment for 80% of their transactions. The study was based on an online survey of over 6,000 consumers and over 1,000 merchants across 120 cities.
Bengaluru’s retail stock to touch 20-30 million sq. ft. by 2030
By June 2024, Bengaluru's retail stock reaches 16 million sq. ft., second in India, with 67.6 million sq. ft. nationally. Expected to grow to 20-30 million sq. ft. by 2030, driven by malls, brand awareness, incomes, entertainment, and fashion. Karnataka's economic role noted by Anshuman Magazine. Bengaluru leads in Retail REIT malls. Ram Chandnani predicts regional success with the Beyond Bengaluru program, international brands, optimised space allocation, and personalised services.
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JLR India retail sales rise 31 pc at 1,371 units in Q1
Jaguar Land Rover India reported a 31% year-on-year increase in retail sales for the first quarter ended June 30, 2024, with 1,371 units sold compared to 1,048 units in the same period last year. Defender and Range Rover Evoque saw over 50% growth, with Defender being the top-selling model. Range Rover, Range Rover Sport, and Defender make up 75% of the order book.
Indian IPOs keep drawing individuals on allure of quick returns
Indian retail investors drive IPOs with 57% average gains, outperforming Asia Pacific and global averages. Data shows $10.6 billion in bids across 36 IPOs, all quotas filled. Regulatory surveillance increased. 15 companies aim to raise $11 billion. Exicom Tele-Systems saw high demand. Quick money entices investors despite minimal company analysis.
Equity market investors: A new powerful political constituency
India's financial shift includes 13.6 crore investors, about 10% affluent, driven by SEBI and smartphones. Participation extends beyond Maharashtra and Gujarat to states like Uttar Pradesh and Madhya Pradesh. Individual investor opinions shape economic policies. Retail investors hold an 18.5% listed share, contributing ₹25,000 crore via Securities Transaction Tax, despite risky leveraged positions.
Fund Manager Talk | 8 structural themes that remain relevant in a raging bull market
Presently, our economy is witnessing several structural themes that offer compelling long-term investment prospects. While the easiest gains may have been captured and valuations could be somewhat stretched, market still offers pockets of investment opportunities where quality companies can be found at reasonable valuations.
Tomato prices in India skyrocket on tight supply
Tomato prices have surged to Rs 80 per kg in retail markets due to damaged road networks in Himachal Pradesh from heavy rains, reducing supplies to main consumption areas. The average retail price reached Rs 55 per kg on July 3, up from Rs 35 a month ago. The India Meteorological Department predicts more rain in tomato-growing regions, potentially causing further price hikes.
ETMarkets Smart Talk: India's economy poised for strong growth in second half of 2024, market outlook cautious: Vipul Bhowar
India's economy is expected to experience strong growth in the second half of 2024. This growth will be fuelled by robust public investment and resilient private consumption, supported by strong domestic factors, decreasing inflation, and favourable fiscal and monetary policies.
OnePlus names Robin Liu as India CEO
The smartphone maker also reappointed Ramagopala Reddy as vice president for India region. He will be spearheading product strategy efforts. The reshuffle also saw Samrudh Pai, head of retail expansion, move on from the company.
Brokers' MTF hits record Rs 73,600 crore amid market highs, surging retail participation
Sebi's MTF framework mandates collateralising existing shares. Kotak Securities cautions investors on MTF investments amidst surging margin funding in anticipation of Modi 3.0 budget.
187 BSE500 stocks offer double digit returns as markets scaled new heights in June
The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
Flexible workspace operator Spring House leases 300,000 sq fr at MVN Aero One mall in Gurgaon
Spring House secured 300,000 sq ft at Gurgaon's MVN Aero One mall, offering cost-effective office spaces. The location caters to diverse demands, including from large enterprises and startups focusing on research and development operations.
Retail investors play with a time bomb but RBI and Sebi are watching
Futures and options (F&O) trading involves contracts that derive their value from an underlying asset, such as stocks and commodities. Futures contracts obligate the buyer and seller to transact at a predetermined future date and price, while options give the holder the right, but not the obligation, to buy or sell the asset at a set price within a specific period.
RBI monitoring F&O frenzy in India along with Sebi: Shaktikanta Das
The increased involvement of retail traders, many of whom are experiencing losses in the futures and options (F&O) market, has drawn regulatory scrutiny. A joint early warning group consisting of the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) is closely monitoring this situation.
India can achieve a growth rate of 8-9% by 2031: KV Kamath
Today, capital growth happens through cash accruals, through equity raising as required, and access to capital markets, so that part is probably going to be so in the future also, except for infrastructure. So, where will financial services then, as we understand, go? Basically, it will need to drive the aspirations of the people. The retail at large and this is so everywhere in the world.
Sebi plans tweaks to address derivative trading risks: Report
India's markets regulator, SEBI, is considering tweaks to derivative trading rules to address risks from the explosive growth in options trading. The rules aim to regulate retail trading and involve discussions with fund houses.
From stuffed toys to sports cars, sales break gender rules
Gender norms are blurring in purchasing decisions, particularly in urban India, with more men and women adopting newer hats in their social and professional lives. Consumer goods companies are adapting their marketing strategies to address this change. Women are increasingly buying 'toys for boys', such as drones and remote-control cars, accounting for 25-30% of Hamleys' sales.
Rahul demands JPC on stock market 'Scam'
Rahul Gandhi demands JPC probe into ₹30 lakh crore stock scam involving PM Modi and Amit Shah giving investment advice. The scam led to a massive stock market crash on election result day, causing losses to investors.
Any further correction in India can spur FII flows: Chris Wood
A lot of the recovery has been the high end of the market. So, the key issue for this real estate market right now is that will the recovery broaden out and the other issue is will there be policy measures to promote the more affordable end of the housing market, that seems to me a possibility.
What’s fueling the shift in Indian investor behaviour?
India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
India’s retail realty expansion to continue led by urbanization, consumption growth
The top seven Indian cities--Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Kolkata, Chennai--will add over 45 million sq ft of retail real estate through 88 new developments. This anticipated growth will outstrip the retail space supply from the past decade (2014-2023), which totaled around 38 million sq ft, showed data from JLL India.
CBDC usage soars 39-fold among retail users, plunges in wholesale
In the wholesale segment, the outstanding amount stood at ₹8 lakh in March 2024, from ₹10.6 crore last year, and in the retail segment, the amount climbed to ₹234 crore in March 2024, from ₹6 crore last year. India's CBDC, the Digital Rupee (e₹), is a digital form of its official currency, introduced after the FY23 budget.
Online bond platform companies set up industry body
The executive committee of the new body – called the OBPP Association of India – was formalized at a meeting on May 28 at the NSE’s office in Mumbai, with more than 20 of the 27 licensed OBPPs in attendance, the association said in a statement.
Myntra gained market share, scaling beauty and home decor: CEO Nandita Sinha
Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.
India’s $6 trillion derivatives frenzy has government worried
Finance Minister Nirmala Sitharaman and Chief Economic Advisor V. Anantha Nageswaran sounded caution in recent days about growing retail participation in the equity futures and options market.
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