CONSUMER CONFIDENCE IN LUXURY
Rising home prices a major concern for over 81% property seekers : Survey
A recent survey reveals rising home prices are a major concern for most Indian property seekers, with average residential prices increasing significantly. Dissatisfaction is growing among affordable housing buyers due to location, quality, and size issues. Interestingly, Mumbai's real estate market shows surprising buyer confidence despite high prices, while demand for affordable housing declines, shifting preferences towards premium properties.
High stakes for high fashion: Brands bet on luxury revival on the catwalk
Luxury brands like Chanel, Dior, and Gucci are introducing new designers amidst a challenging economic climate. The high-end industry is struggling with sluggish sales after the post-pandemic boom, prompting leadership changes and a need to reignite consumer interest. These new designers face the pressure of revitalizing historic labels and attracting inflation-weary shoppers.
GST overhaul a people's reform, touches every family: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman calls GST overhaul a 'people's reform'. Rate rationalization will benefit families and boost the economy. Prices of nearly 400 products will decrease from September 22. Premium on health and life insurance will be tax-free. The GST slab structure will change to 5% and 18%. Daily food items will fall under the 5% slab.
BMW will return to growth in China with new all-electric series, CFO says
BMW aims to regain growth in China with its Neue Klasse series, starting with the iX3 electric SUV launching in 2026. Despite a 15.5% sales slump in China, BMW anticipates the new series, featuring significantly cheaper batteries, will achieve margin parity with combustion engines. However, import tariffs in the U.S. are expected to negatively impact BMW's profit margin by 1.
GST 2.0: Consumer cos readying big festive splash to boost sales
Indian consumer companies, including Reliance Retail and automakers like Hyundai, are increasing marketing and advertising budgets by 15-20% this festive season, spurred by GST cuts effective September 22. These companies aim to attract customers with lower prices and boost sales. Sony India anticipates significant growth in large-screen TV sales, while Parle Products plans increased advertising to gain market share.
GST Diwali Dhamaka has a catch, but govt is watching
The government is closely monitoring businesses to ensure that the recent GST rate cuts reach consumers, especially during the festive season. Ministries are collecting price data and urging companies to voluntarily pass on the benefits. While some industries have pledged to reduce prices, concerns remain about full transmission due to factors like existing inventory and lack of consumer awareness.
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Value contribution from India will keep rising on back of premiumisation: Diageo
Diageo India anticipates continued value growth driven by its premiumisation strategy, leveraging a growing consumer base and innovation. While aiming for double-digit growth in its premium & above segment, achieving a topline doubling by 2030 hinges on favorable macroeconomic conditions and policy stability. The company is investing heavily in innovation and its workforce to strengthen its market position.
Companies may fire up output by 25% to feed festive frenzy
Indian car, two-wheeler, and electronics manufacturers are ramping up production. They anticipate a surge in demand following Goods and Services Tax (GST) reductions. Automakers expect increased showroom traffic and order volumes, especially for small cars. Electronics firms are expanding production of larger televisions. The GST Council reduced taxes on various items, potentially boosting festive sales.
Govt delivers 'GST Diwali bonanza': Cheaper essentials, big relief on insurance premiums
India's Goods and Services Tax (GST) undergoes a major overhaul, eight years after its launch, with the GST Council approving significant rate cuts on numerous everyday items. Effective September 22nd, the new rates aim to boost consumption by shifting to a two-slab structure of 5% and 18%, abolishing the 12% and 28% rates.
GST rate for jewellery unchanged at 3% , but industry sees indirect gains
Mumbai jewellers are happy with the GST reductions in other sectors. They believe this will help their business indirectly. The GST Council kept gems and jewellery rates at 3 percent. Experts think lower rates will increase consumer spending. More people may invest in jewellery. However, some feel the unchanged GST on gold may hinder growth.
GST 2.0: A game-changer for Indian real estate
The forthcoming GST reforms, set to take effect on September 22, 2025, promise to deliver a significant boost to India’s residential, retail, and office real estate sectors.
From Mahindra Thar to Hyundai Creta: Popular cars that will get cheaper with GST 2.0
The Goods and Service Tax revision brings joy for the auto industry. Several popular cars will now be priced lower. The tax rate for small cars has been reduced from 28 per cent to 18 per cent, while luxury cars will be taxed at 40 percent. Notably, cess has been scrapped, brining the prices of bigger cars down too.
Trump’s tariff pains, Modi’s GST relief: Govt gives a reform armour to every Indian
India rolls out GST 2.0 reforms to boost domestic consumption and shield the economy from the impact of US tariffs. The revamped GST structure simplifies tax slabs and lowers rates on essential goods and services, putting more money in the hands of households and businesses. Experts say the reforms could give a meaningful lift to GDP, while rising consumer confidence across urban and rural India signals stronger spending ahead.
Diwali cheer comes early for Indian middle class as Sitharaman announces GST 2.0
Diwali arrives early for the Indian middle class. The GST Council reduces tax slabs to 5% and 18%. Food, essentials, and durables become cheaper. Families save money on various products. Personal care items and smaller cars also see tax cuts. Health insurance becomes exempt from GST. The new rates are effective from September 22, 2025.
Swedish fintech Klarna eyes $1.27 billion raise via long-awaited IPO
Klarna and some of its investors plan to sell 34.3 million shares between $35 and $37 each via the IPO. Upon listing, Klarna will trade on the New York Stock Exchange under the ticker 'KLAR'.
Clarity on GST rates at the earliest to help regain sales momentum in festive season: Luxury carmakers
Luxury carmakers in India anticipate a sales boost during the festive season, but uncertainty surrounding potential GST rate changes is causing consumer hesitation. Executives from BMW, Audi, and Mercedes-Benz urge swift clarity on GST to maintain momentum and encourage electric vehicle adoption. While the luxury segment previously outperformed the broader market, analysts predict more moderate growth due to economic headwinds.
Dollar confidence shaken: Jobs, politics and deficits test its core
The Federal Reserve’s cautious stance on tariffs has shifted to hints of rate cuts as growth slows, jobs weaken, and debt spirals. Political interference and fiscal strain risk undermining dollar strength, raising fears of prolonged currency weakness.
ETMarkets Smart Talk| FIIs shift from largecaps to midcaps as ‘smart money’ bets on domestic growth, says Kedar Kadam
Indian equities are experiencing a shift as FIIs reallocate capital from large-caps to small and mid-cap stocks, driven by confidence in India's domestic growth story. Experts suggest focusing on consumption, financial services, and infrastructure sectors amid GST reforms and trade talks.
Amid Trump tariff turmoil, why's the Indian consumer upbeat?
Despite potential economic headwinds from increased US tariffs, India's consumer market is projected to remain strong through 2025 and 2026. Robust household spending is expected, driven by low inflation, rising incomes, and a resilient labor market. Improving consumer confidence across both urban and rural areas further supports this positive outlook, indicating a broad-based and sustainable recovery.
Americans are losing faith in becoming wealthy, except for one group. Who is still holding on to the American Dream?
A recent survey reveals a decline in financial optimism among Americans. Parents are particularly affected by rising childcare costs. Child-free adults show a slight increase in financial confidence. Many now equate wealth with financial security. Younger adults remain hopeful, but even their optimism has decreased. The rising cost of raising children impacts the American dream. Investing consistently is a powerful wealth-building strategy. However, it feels unattainable for many parents.
Full land digitisation to spur FDI in realty
India's ambitious goal to fully digitize land records by December is set to revolutionize the real estate sector, attracting significant foreign direct investment. Experts believe this move will streamline land acquisition, particularly for commercial and residential projects. With increased transparency and reduced disputes, the initiative aims to foster investor confidence and align India with global standards, potentially boosting FDI inflows.
Government may scrap GST on health, life insurance under GST 2.0 reforms
The GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to significant relief for consumers. This proposal, part of broader GST 2.0 reforms, aims to simplify the tax regime and boost consumption. While most states support the move, concerns remain about ensuring the benefits are passed on to customers.
Next-gen GST reforms by Diwali, will reduce tax on every day use items, announces PM Modi
Prime Minister Narendra Modi announced that next-generation GST reforms will be implemented by Diwali, aiming to cut taxes on everyday items and benefit small industries and MSMEs. The move follows previous income tax cuts and comes as a panel of ministers considers merging GST slabs and lowering rates on select goods.
Mahindra introduces NU_IQ platform, unveils four new SUV design concepts
Mahindra & Mahindra has introduced its NU_IQ platform, a modular architecture set to underpin a new range of SUVs. The company previewed its future direction with four concept vehicles: Vision.S, Vision.T, Vision.SXT, and Vision.X. These concepts, developed by Mahindra's global design studios, will begin production in 2027, aiming to redefine the premium SUV experience in both Indian and global markets.
US stock market futures steady after 3-day winning streak as Dow, S&P 500, Nasdaq hover near record highs — here are today’s biggest premarket movers
U.S. stock market futures are holding steady Thursday morning, pausing after a three-day winning streak that pushed the Dow, S&P 500, and Nasdaq to fresh record territory. Investors are treading carefully ahead of key economic reports that could determine whether the Federal Reserve’s rate-cut momentum holds or stalls.
Is recession coming in US? Expert gives stark warning on high popularity of Labubus
Labubu dolls, popularized by celebrities like Rihanna and K-pop star Lisa, have become a trendy status symbol, leading to a recent $7,000 theft at a Los Angeles store. Economists suggest this craze for affordable luxuries may indicate an impending recession, as consumers opt for smaller indulgences amidst economic uncertainty. Rising unemployment figures further fuel concerns about a potential economic downturn.
IndiaLust, it’s sensational: How Indians are rediscovering their country through authenticity and global standards
Fueled by rising affluence and a desire for authentic experiences, India's consumer economy, dubbed 'IndiaLust,' is booming. Brands are responding by creating high-end, localized experiences with global standards, expanding into non-urban areas and leveraging India's unique culinary and cultural heritage.
India's economic policies to support demand recovery in near to mid-term: Hyundai Motor India MD
Hyundai Motor India anticipates automotive demand recovery due to India's economic resilience and supportive policies. The company projects low-single digit domestic sales growth and a 7-8% increase in exports for 2025-26. HMIL is also considering introducing its luxury brand, Genesis, to cater to evolving consumer expectations and plans to launch 26 new models by FY 2029-30.
Uncertainty over UK-India FTA timeline stalls sales in India’s Rs 2,000-crore ultra-luxury car market
India's ultra-luxury car market faces uncertainty as the UK-India FTA's timeline remains unclear, causing affluent buyers to defer purchases, anticipating price drops. Brands like Rolls-Royce and BMW offer price protection, while others like JLR remain cautious. The FTA's exclusion of EVs and potential impact on non-British luxury brands add to the market's complexity.
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