Articles for tag: Card, Credit, Delinquencies, Festival, Growth, Loom, ominously, Prospects, Regulatory, Rising, Scrutiny, Season, Spending, Surge

September 27, 2024

Credit card spending may surge during the festival season, but rising delinquencies and regulatory scrutiny loom ominously over growth prospects.

Credit card spending is anticipated to increase during the upcoming festival season, driven by discretionary purchases and promotional offers. However, growth may be tempered due to stricter regulations on unsecured lending and rising delinquencies in credit card payments. In August 2024, credit card transactions rose by 13.51% year-on-year, but there was a slight decline compared ...

September 24, 2024

Market News

Business

Samsung slashes S24 prices ahead of iPhone 16 launch, igniting a fierce market battle for high-end smartphone supremacy this festival season.

Samsung has announced significant price cuts of 15-35 percent on its flagship S24 smartphone range, set to launch on Flipkart starting September 26. This strategic move comes as Samsung competes with Apple’s recently launched iPhone 16 series, which has already captured Market attention. Apple is narrowing the price gap with the iPhone 16 Pro Max, ...

September 23, 2024

Market News

Business

Amazon India ramps up operations with new fulfilment centres, preparing for record-breaking festive sales during the Great Indian Festival 2024.

Amazon India is ramping up its operations by adding three new fulfilment centres before the festive season, expanding its storage to over 43 million cubic feet. This move aims to support the anticipated demand during the upcoming Amazon Great Indian Festival, starting on September 27, which promises over 25,000 new product launches and around 16 ...

September 1, 2024

Market News

Business

India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance

In August, India reported a Goods and Services Tax (GST) collection of Rs 1.75 trillion, marking a 10 percent increase compared to last year. This growth is attributed to stronger consumer spending as the festive season approaches, along with enhanced GST audits and investigations that have improved compliance. Domestic collections rose by 9.2 percent, while ...

August 31, 2024

Market News

Business

Election Date Shifted to Honor Bishnoi Festival and Protect Voting Rights

The Election Commission of India has postponed the Haryana assembly election date from October 1 to October 5, 2024. This change honors the Bishnoi community’s long-standing festival, commemorating Guru Jambheshwar, which occurs on October 2. Thousands of Bishnoi families from regions like Punjab, Rajasthan, and Haryana travel to their native village for this annual celebration, ...