Consumer

Consumer Affairs Ministry examining quick commerce competition issues

Commerce and Industry Minister Piyush Goyal had said in August that the government is not opposed to e-commerce but is focused on ensuring fair competition between online and offline businesses

GST Council meeting: E-invoice mandate may soon cover B2C transactions

Pilot run on voluntary basis for selective sectors

Indian gold industry forms new body to foster consumer, govt confidence

The Indian gold industry on Tuesday announced the formation of the Indian Association for Gold Excellence and Standards (IAGES), a self-regulatory organisation (SRO) supported by the World Gold Council. The organisation aims to remove the trust deficit and enhance transparency within the sector. The framework for IAGES will be independently governed and professionally managed. It will be released soon, after which memberships will be announced. The organisation is expected to become operational by December this year or January 2025, WGC Regional CEO, India, Sachin Jain told PTI. IAGES will be formed by national industry associations, including the Indian Bullion and Jewellers Association (IBJA), All India Gems and Jewellery Council of India (GJC) and Gem and Jewellery Export Promotion Council (GJEPC). "IAGES, created by the Indian gold industry, represents the coming together of various stakeholders in the sector. It aims to increase consumer and government confidence by enhancing

B2B to C: How InMobi is transforming itself into a consumer tech company

The firm has 400 million phones/customers across the world who have Glance

Fuel consumption up by 2.6% to 19.99 mn metric tonnes in June: Oil ministry

India is the world's third-biggest oil importer and consumer. The data is a proxy for the country's oil demand

Govt considers tax reductions as part of $6 billion consumer boost

Officials in the Ministry of Finance have discussed proposals to reduce taxes for consumers with the highest propensity to spend

No reduction in consumer market frauds despite regulatory changes: KPMG

The majority of the respondents feel that there has been no reduction in frauds despite multiple regulatory changes in India, a KPMG survey said on Thursday. KPMG in India conducted a survey with more than 75 experts from the finance/ compliance domain in various organisations in the consumer markets sector (FMCG, consumer durables, agriculture, retail and e-commerce), covering questions about frauds and leakages faced by them. As many as 79 per cent of the survey respondents said there has been no reduction in frauds despite regulatory changes, and only 21 per cent responded by saying that frauds have been reduced due to the changes. As per the survey, procurement, sales and distribution and e-commerce were voted as the major areas prone to fraud. About 72 per cent of the respondents cited reputational damage as the most severe impact of fraud, whereas 16 per cent believed that financial losses would also impact organisations. Around 61 per cent of the respondents believed that .

Implementing 100-day agenda a priority: Consumer Affairs minister Joshi

Talking about the National Food Security Act, he said that a system has already been set in place, adding that he will work towards strengthening it

Garuda Aerospace aims to sell 50,000 agri, consumer drones in coming years

Drone manufacturer Garuda Aerospace Pvt Ltd has inaugurated its first exclusive drone showroom in the city as it plans to sell 50,000 agricultural and consumer drones in the next few years. The city-based company, backed by cricket legend Mahendra Singh Dhoni, has served over 750 clients across the country. In a statement on Tuesday, the company said it has received the Directorate General of Civil Aviation approval for manufacturing of small and medium drones. "We pride ourselves on the impactful intelligence our drone solutions have to offer. We have 750 + satisfied clients all around India with 350 finished projects and 50 designed works. Our team includes 200 plus employees, with a group of advisory board members, expertise heads for various departments, and well-versed pilots," company CEO Agnishwar Jayaprakash said in the statement. "Garuda Aerospace has sold 2,500 drones so far, out of which 2,000 are agri drones. We plan to sell 25,000 agri-drones in the next two years and

Frivolous complaint can cost consumer dearly

National Commission concluded that false and baseless allegations had been made in the complaint to claim a highly exaggerated and atrocious amount of compensation

FADA and Frost & Sullivan to conduct customer experience index study

The survey will be conducted through a collection of 8,000 blind samples from people roaming in places such as shopping malls, cinema halls, hotels, and restaurants across 26 cities in the country

Telecom operators seek ban on illegal WiFi devices running on 6 GHz

The industry body argued that the utilization of such WiFi devices operating in the 6 GHz band will render customers responsible for these unauthorized transmissions, placing liability on consumers

Gamers, youth will drive growth for Dell this fiscal: Consumer biz head

Global technology major Dell Technologies is banking on gamers and college and school-going youth to drive its business this year, according to a senior company official. While launching new laptop models across XPS, Alienware and Inspiron portfolio, Dell Technologies Vice President and Managing Director for Consumer and Small Business Raj Kumar Rishi said that the company will stick to its strategy of bringing the latest technologies across various price points and focus on financing of laptops to make devices affordable for consumers. "Share of gaming in the PC segment has increased. We see gaming and college and school-going youth to continue driving growth for us," Rishi said. The company unveiled new XPS laptops with Intel Core Ultra 9 processor and Nvidia GeForce RTX 4060 GPU to support artificial intelligence applications. The company has priced two models of XPS featuring 16-inch and 14-inch displays at Rs 2.99 lakh and Rs 1.99 lakh apiece respectively. The company for the

China relaxes car loan norms in new bid to boost consumer sentiment

The central bank and financial regulator said loan ratios for gasoline and electric passenger vehicles, including hybrids, can now be independently determined by lending institutions

What soft landing?

The Fed must peer through the murk and assess which direction the economy is heading

57% Indian consumers prefer AI tools over human interaction, shows data

Human interaction remains a top choice when considering aspects of decision-making, customer support, and returns or cancellations, said the survey

Alibaba considers sale of consumer assets including Freshippo, RT-Mart

Alibaba announced a plan in March to split into six units and explore fundraisings or listings for most of them. It has since filed a Hong Kong listing application for the logistics arm Cainiao in Sep

Restaurant Brands Asia Q3 results: Net loss narrows to Rs 36.18 crore

The company, which runs quick service chains owned by Restaurant Brands International, said prices of ingredients including chicken, cheese, tomatoes and onions rose 12.6%

Marico Q3 results: Profit rises 17% to Rs 383 crore, beats estimate

The consumer goods manufacturer reported a net profit of Rs 383 crore ($46.1 million), up nearly 17% from last year, and surpassing analysts' estimate of Rs 374 crore as per LSEG data

Consumers installing solar panels at home to get zero power bills: Delhi CM

Delhi Chief Minister Arvind Kejriwal on Monday said that under the Delhi Solar Policy 2024, people installing rooftop solar panels at home will get generation-based incentives. He said such consumers will be paid for solar power generation. Under the policy, all government buildings having an area of 500 square metres will have to mandatorily install rooftop solar panels in the next three years, Kejriwal further said. Delhi Power Minister Atishi said the solar policy was approved by the Cabinet two days back and it would be notified within 10 days. The 2016 policy of the Delhi government enabled the deployment of over 250 MW of rooftop solar plants within the city and around 1,250 MW of utility-scale solar plants, totalling 1,500 MW. This meets 7.2 per cent of Delhi's annual electricity demand.