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ASML's order book expected to benefit from AI chip boom
ASML dominates the market for lithography systems, complex tools that use lasers to help create the tiny circuitry of computer chips. Analysts say ASML may upgrade guidance as key makers of cutting-edge chips - including Taiwan's TSMC, which manufactures chips for Nvidia and Apple.
Soon, you may order liquor online through Swiggy, Zomato, Blinkit, Bigbasket
Several Indian states are considering pilot projects to allow home delivery of alcohol via online platforms like Swiggy and Zomato, starting with low-alcohol drinks. This move aims to cater to urban expats and diverse consumer preferences, improving convenience while addressing regulatory concerns with strict age verification and compliance measures. Industry executives report increased sales in states where such deliveries are permitted.
Swiggy’s pre-IPO Esop sale; GST & ride-hailing apps
Food delivery company Swiggy will buy back Esops worth $65 million, its fifth such exercise. This and more on today’s ETtech Top 5.
Amazon Prime Day Sale: Amazon Mobile Offers (2024)
Grab some of the biggest discounts along with the freshest smartphone launches of the time during the Amazon Prime Day Sale 2024. If you are a technology enthusiast, then there is no better time than this as multiple brands are launching their smartphones for the first time during the Amazon sale.
Flipkart in Q-fest; AI upskilling
Happy Monday! Flipkart has upped the quick commerce ante ahead of crucial festive season sale. This and more in today’s ETtech Morning Dispatch.
Get an Amazon Prime membership before Prime Day sales this July, here's how
The Amazon Prime Day sales in coming next week on July 16 and 17, making it the perfect opportunity for you to shop some amazing and exclusive products on Amazon at great deals and discounts. Prime Day sales include free shipping and a Grubhub+ membership at no cost this time. Here's how you can avail a new Amazon Prime membership or renew it if you already have one.
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Maharashtra takes the sting out of energy drink demand, bans sale of high caffeine variants near schools
Maharashtra FDA Minister Dharmarao Baba Atram announced a forthcoming ban on the sale of energy drinks with high caffeine content within 500 meters of schools. This decision, prompted by a question from legislator Satyajeet Tambe, aims to protect students from excessive caffeine intake. A list of banned drinks will be circulated for effective implementation.
Housing sales fell by 6% during the April-June quarter
Housing sales in India's top markets dip by 6% in Q2 2024, except for Bengaluru and Delhi-NCR. Anticipation of a pro-investment budget post-election impacts buyer decisions. New supply decreases slightly by 1%. MMR, Pune, and Bengaluru dominate both sales and new launches. Thane West, Panvel, and Dombivali emerge as top localities for sales and launches.
India to sell wheat from state stocks to flour millers, biscuit makers
India plans to sell wheat from state reserves to bulk consumers like flour millers and biscuit makers to control local prices by boosting supplies. The government has allowed the Food Corporation of India to offer wheat at a lower price, aiming to attract private players and potentially import wheat after a six-year gap.
Ecommerce charts sedate sales growth as post-Covid frenzy settles
Experts predict a significant sales boost in the upcoming festive season, despite challenges faced by newer customers and shifting spending patterns among premium buyers. However, they said the industry faces some challenges.
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.
GSK gets restraining order against Elder Laboratories
GSK approached the high court against Elder Laboratories early this year for alleged infringement of trademark, including usage of identical product names, trademarks and packaging. GSK issued several notices to Elder before approaching the court seeking a restraining order.
Midcaps stocks: Bullish, Selective, Long term, combined the three for wealth creation. 5 mid caps stocks with upside potential of upto 22 %
In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in bullish times. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. Doing all this will help in selecting the right stock and staying with them in order to create long term wealth.
Vendetta politics: Congress slams PM Modi over 2023 decision on sale of rice to state govts
Congress accuses Modi's 'vendetta politics' of obstructing Karnataka's 'Anna Bhagya,' increasing food subsidy costs up to Rs 18000 crore. FCI halted OMSS rice sales despite 50 million tonnes stock. Demand for BJP, JD(S) MPs, and Consumer Affairs Minister to seek compensation. Karnataka offered Rs 170 monthly cash to 6.5 crore people for rice purchase.
We expect 15% to 20% revenue growth this financial year: Nalin Gupta, J Kumar Infraprojects
The revenues have been growing at 15% to 17% and this year 15% to 20% is what we are expecting in terms of the top line.
Car sales lose pace in June, SUVs stay in front
Passenger vehicle sales in India remained sluggish for the third consecutive month in June due to a high base and reduced post-pandemic pent-up demand. Sales rose 3.7% from a year earlier but slightly declined from May, with 340,784 units sold compared to 328,710 last year. SUVs comprised 53% of sales.
Premium sneaker stampede sweeps India off its feet and Adidas is game for it
The trend of premiumisation is gaining momentum in the footwear, watches, and gym apparel market, with consumers seeking quality, exclusivity, and a deeper connection with their brands. Adidas and Myntra have seen a 30-40% increase in premium options on their website, reflecting this trend. India's large population aspiring for better products and a natural consumer behavior of constantly seeking improvement are driving this trend.
Capture the theme at the right time: Is investment in EV a good long-term bet?
The rise in EVs can be attributed to two main factors, first, a substantial global push by governments to achieve net zero emissions through various policy measures; and second, a nearly 90% decrease in battery costs over the past ten years, which has made EVs more affordable and, as a result, brought them closer to cost parity with internal combustion engines (ICE)
Electric car sales in India to reach 1.3-1.5 lakh in FY25: Report
Electric car sales surged in FY24, with a forecast of 1.3-1.5 lakh units in FY25. The PV industry expects moderate growth, driven by SUV sales and premium vehicle demand, despite challenges in the entry-level segment.
Passenger vehicle sales to see 3-5 pc growth this fiscal: Report
Passenger vehicle sales are expected to grow moderately at 3-5% in the current financial year due to a high-base effect of FY24, shrinking order book, and subdued demand for entry-level variants. Electric car sales in the PV segment may reach 1.30-1.50 lakh units in FY25, driven by improving penetration rates. Utility vehicles have seen significant growth, benefiting from lower interest rates and increased demand for personal mobility post-pandemic.
More worries for China, sales at big e-commerce festival drop for first time
This year the shopping festival failed to stir up much excitement among shoppers, industry experts said, even as major platforms extended offers to a weeks-long period to woo consumers who have been tightening their belts amid a gloomy economic outlook.
Amazon Summer Sale: Up to 55% OFF on Refrigerators (2024)
Are you looking for a great refrigerator but it doesn’t seem to fit into your budget? If so, then continue reading this article to learn about the Amazon Summer Sale that offers you up to 55% OFF on refrigerators. The sale incorporates huge discounts on extremely popular brands which shall look great in your home.
Facing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Sare jahan se achhi biryani hamari
India ordered 2.5 plates of biryani every second in 2023, with one veg biryani for every 5.5 chicken biryanis ordered. This trend extends to iftar, with 6 million plates ordered from Mar 12 to Apr 8. Biryani is not just for vegetarians or non-Hindus, and Swiggy's most-popular order for the eighth year in a row is as secular as the roti and as diversely consumed as India itself.
Confident of reaching around 15% revenue growth in next 2-3 years: CB Ananthakrishnan, HAL
We are taking a multi-pronged approach both in terms of capacity expansion, improving our manpower, increasing our manpower requirement as and wherever it is required, also increasing the private sector participation on the various programmes to see that the deliveries are made in time.
PC market grows 2.6% in Jan-March quarter, aided by govt orders: IDC
Laptop and desktop sales in India have grown by 2.6% in Q1 2024, driven by large government procurements and improved consumer sales, according to a report by International Data Corporation. The PC market recorded 3.07 million shipments in January-March, up from 2.99 million in the previous year. The growth was mainly due to 56.9% growth in the government segment, while enterprise orders continued to decline.
PC market grows 2.6% in January-March quarter, aided by govt orders: IDC
According to International Data Corporation’s (IDC) quarterly device tracker, the PC (personal computer) market in India recorded 3.07 million shipments in the January-March period, up from 2.99 million recorded in the corresponding period last year.
Export orders rise 10% in six months on demand from US, EU
Export orders up 10% in EU, West Asia, US driven by leather goods, footwear, apparel demand in India. Challenges for engineering goods due to geopolitical tensions. Increase in apparel orders from UK and demand for non-leather footwear. Positive impact of trade pacts with Australia and Mauritius. Market recalibration after inventory decline, logistics issues, and geopolitical tensions.
AirBrick Infra aims for a 200% growth in Sales Order Book for FY25
a Commercial Design & Build startup AirBrick Infra aims for 3 times growth in sales for FY25.
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