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    FMCG companies await GST implementation guidelines, tax cut to create short-term disruption

    FMCG companies are awaiting government guidelines to manage existing inventory with printed MRP under the current GST regime as they transition to a new system with reduced duties. While the shift is expected to boost consumption, short-term disruptions are anticipated due to existing stocks.

    Secret to 401(k) millions: What most Gen Xers and boomers don’t want you to know

    A record 595,000 Americans now hold $1 million or more in their 401(k) accounts, Fidelity reports. Most are Gen Xers and boomers who didn’t strike gold with risky bets but simply saved steadily for 25 years, rode out market crashes, and let compounding grow their wealth.

    US stocks tick higher as Fed rate cut expectations firm

    Stock values are slightly increasing today. Investors are awaiting economic data this week. This data will influence the Federal Reserve's decision on interest rates. AppLovin and Robinhood Markets will join the S&P 500. EchoStar will sell licenses to SpaceX. Japan's economy grew more than expected. Shigeru Ishiba plans to resign. Markets in Europe and Asia are mostly up.

    Tesla market share in US drops to lowest since 2017 as competition heats up

    The decline highlights the threat from automakers ramping up EV incentives at a difficult time for the industry. Analysts expect an EV sales bump to continue through September in the United States, then drop when federal tax credits expire at the end of the month, raising financial pressure on Tesla and other automakers.

    Consumers to see reduced prices of FMCG products by next month: GCPL MD

    Consumers can anticipate lower prices on FMCG products by early to mid-next month as new MRPs reach the market, according to Godrej Consumer MD & CEO Sudhir Sitapati. The GST rate reduction to 5% has caused temporary disruptions due to existing stocks with higher MRPs.

    Banks, fintechs push FD-tied credit cards, slash limit to secure more users

    Banks and fintechs in India are offering low-limit secured credit cards, backed by fixed deposits, to expand access to formal credit. With limits starting as low as Rs 90, these cards help users build credit scores safely, especially amid tighter lending norms and rising non-performing assets (NPAs) in unsecured credit.

    The Economic Times
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