As quick commerce gains ground, emerging direct-to-consumer (D2C) brands are betting big on digital channels to drive growth. According to Aman Gupta, co-founder of wearables brand BoAt, new-age brands in India have been expanding at a much faster pace than expected, driven by digital channels like quick-commerce. “Investors doubted the potential of D2C brands when we started, but today there are multiple brands in the startup market that are growing on the shoulders of these digital channels,” Gupta said while addressing a session at Razorpay’s D2C and Retail Summit recently.
Indices trade with moderate gains; oil & gas shares advance (23-09-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, rose 135.57 points or 0.16% to 84,683.92. The Nifty 50 index rose 73.30 points or 0.28% to 25,864.25.
This smallcap stock rallies 11% in 2 days after Nandan Nilekani’s wife acquires stake (23-09-2024)
Rohini Nilekani’s smallcap portfolio acquired 8,13,375 shares, representing a 0.62% stake, at Rs 105.21 per share, according to NSE block deal data.
Share price of Indian Hotels rises as Nifty strengthens (23-09-2024)
A total of 31,529 shares changed hands on the counter till 11:36AM (IST).
RPower up 5%, hits 7-yr high ahead of board meeting to consider fundraise (23-09-2024)
Reliance Power shares are quoting higher for the eighth straight trading day, having surged 29 per cent during the period.
Global economic activity slows while pace of disinflation remains sluggish: RBI Bulletin (23-09-2024)
According the RBI September bulletin, global economic activity is slowing down while the pace of disinflation remains sluggish, provoking caution among monetary policy authorities. In India, domestic drivers private consumption and gross fixed investment were robust and net exports remained sequentially positive in their support to gross domestic product (GDP) growth in Q1:2024-25. The underperformance of agriculture was compensated for by a buoyant manufacturing sector and resilient services. Household consumption is poised to grow faster in Q2 as headline inflation eases, with a revival of rural demand already taking hold. Consumer price index (CPI) inflation came in below the Reserve Banks target for the second consecutive month in August, although in light of the recent experience, food price volatility remains a contingent risk.
InterGlobe shares rise 0.03 per cent in Monday’s trading session (23-09-2024)
The Relative Strength Index of the stock stood at 63.13 on Monday.