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HUL, CEO and MD, Rohit Jawa, said that as far as sale of FMCG products is concerned, rural India has still not fully recovered to volume levels it had had two years ago. Jawa said, “Sales volume continues to decline in rural India in last two years. HUL continues to face volume de-growth in the hinterland.”
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"Debit cards have been on a downward trajectory; for small value payments, consumers prefer UPI, and for large value payments, net banking seems to be the mode of choice," said Vishwas Patel, joint managing director at Infibeam Avenues, which runs payment gateway CCAvenue.
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This is the time brands in the consumer durable fashion sectors were eagerly looking forward to since the first quarter of the financial year when demand turned sluggish, so much so that retailers and companies had to bring forward end-of-season-sales and flash discounts to boost sales which failed to adequately respond to the adrenaline shots marketing professionals liberally injected down the months.
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According to a report by Central Electricity Authority (CEA), 86 thermal power plants in the country had critical coal stock levels as of October 18, 2023.
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Interest rate is likely to remain high for the moment, Reserve Bank Governor Shaktikanta Das said, stressing the central bank will remain extra vigilant and keep "Arjun's eye" to ensure a sustained decline in inflation.
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Wheat prices have touched a sensitive point and the milling industry has urged the administration to allow import of wheat at zero duty or raise the quantum of sale by public sector FCI to improve supplies.
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In New Delhi, the price of wheat increased by 1.6% on Tuesday to reach ₹27,390 per metric ton, the highest since February 10, 2023.
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Green hydrogen, the wonder fuel that uses the lightest of materials to move the heaviest of vehicles including trucks and trains, is finally about to move to the front burner of the country’s green energy agenda with oil-marketing companies (OMCs) preparing to submit a joint road map for its adoption to accelerate energy transition plans, the Business Standard said in a report.
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The wholesale price index-based inflation remained in the negative territory for the sixth straight month in September at (-)0.26 per cent, on easing prices of food articles.
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The inflation rates in Karnataka, Telangana, Haryana and Rajasthan had to put up with rates equal to or higher 6% -- the upper band of the tolerance limit of Reserve Bank of India.
