Tag: Slowdown Blues
This Indian State-owned Aerospace Company Strikes Biggest ₹48,000 Crore ‘Make in India Deal’ from Indian Government; Will Boost its Fortunes to Become the New Multibagger Candidate in Defence Sector
Slowdown Blues: FMCG Sector to face Worst Slump in Revenue Growth in 15 years
India’s FMCG industry could witness its slowest growth in a decade and a half this financial year, Credit Suisse warns, citing liquidity constraints and weak farm incomes. The I-bank estimates revenue at consumer goods companies to grow by about 5% in the second and third quarters of FY20, akin to rates last seen during 2000-03.
As Automobile Industry Crisis Worsens; Ford Motors in talks to sell its One Billion Dollar Car Factory at Sanand in Gujarat
Ford Motor is in early talks to sell its $1-billion factory at Sanand in Gujarat, Mint reports, quoting unidentified sources. The facility – the second of the auto major’s two plants in India – can produce 240,000 vehicles annually and builds the Aspire sedan and the Figo hatchback, mainly for exports. A company spokesperson denied […]
Amid India’s Massive Economic Slowdown; Indian Consumer Spending on E-Commerce Sites has fallen by 25 Percent in First Half of 2019
Consumer spending on e-commerce sites has fallen by a fifth in the first half of 2019, Economic Times reports, citing a Kantar report. Average spending is down 21% while average ticket size has dropped 27% over the previous year. The key categories of mobiles and fashion saw a 16-17% decline in buyer numbers. Companies are […]