Budget 2020

Be super picky as market rotates into consumer stocks on vaccine hopes

Mini rotations are now in play and we will see more of that in coming weeks and months, says Chakri Lokapriya, CIO & MD, TCG AMC. BPCL has been sensitive to the news on the privatisation agenda. Energy as a basket and PSUs have been in focus. What could be the potential opportunities there?Energy has […]

Budget 2020

RBI to make banks pay for high level of consumer complaints filed with Ombudsman

In what will hopefully improve banks’ customer service, the RBI has announced imposition of monetary disincentives on banks if they fail substantially in consumer grievance redressal. The monetary disincentive will be in the form of recovery from the concerned bank of cost of redress of complaints by the Ombudsman. The average cost of handling a […]

Budget 2020

Shifting consumer pattern: Indians are spending less on food and more on housing, health & education

In a reflection of a significant shift in consumption pattern among industrial workers, the revised consumer price index for industrial workers (CPI-IW) with 2016 as base year has shown a dip in food expense from 46% to 39%. However, expense on housing has gone up from 15.2% in 2001 to 16.87% now while expenses on […]

Budget 2020

Consumer spending on home renovations slows down due to pandemic

(This story originally appeared in on Oct 12, 2020) MUMBAI: Consumer spending on home renovations is still continuing, albeit in a piecemeal manner. Experts from industries across paints, home furnishings and bathroom fittings said consumers have been staggering their spends and are taking up renovations only when needed. Earlier, people used to overhaul their houses […]

Budget 2020

Stock market update: Titan pulls BSE Consumer Durables index up 2%

NEW DELHI: S&P BSE Consumer Durables index was trading higher at 02:05PM (IST) on Wednesday. Shares of Titan Company Ltd (up 4.82 per cent) and Blue Star (up 2.52 per cent) were among the top gainers. While Rajesh Exports (down 2.29 per cent), Crompton (down 1.57 per cent), Whirlpool of India (down 1.14 per cent), […]