 | Ikea cuts prices on select articles by 16-39 per cent in IndiaThe company's insights over the last four years of its presence in the country, where it understood that Indian consumers are very price sensitive was the prime reason for it. |
 | Keeping lid on food prices is key to easing inflationTo counter rising inflation in recent months, the RBI has hiked the repo rate by 225 basis points since May, taking the terminal rate to 6.25%, the highest since March 2019. |
 | Uber launches its advertising division, will show video ads during ridesThe company also offers detailed reporting and analysis, which help brands to develop campaigns that have a greater impact on the target market. |
 | Just top 20 per cent of consumers driving demand as majority yet to recover from pandemic hit: ReportThat the rich will continue to drive consumption demand is clear from the UBS survey findings, with more than 70 per cent of respondents anticipating their income will increase in 2023. |
 | Odisha police cautions electricity consumers against cyber fraudThe power distribution company’s officials have asked the consumers to be aware of such scams and report to them if they receive any fake message relating to pending electricity bills. |
 | Consumers in for a shock as Telangana Discoms plan to collect Rs 4,000 crore true-up chargesThe distribution true-up charges are the expenses incurred for augmenting the power lines, sub-stations and payment of salaries. |
 | GST on pre-packed food items imposed after consensus: Nirmala SitharamanThe minister also clarified that this is not the first time such taxes are imposed on such food articles. States were collecting significant revenue from food grain in the pre-GST regime. |
 | Relief for consumers as companies pause price hikesThe brokerage firm also expects the profitability margins of organised peers to be better than consensus estimates in H2FY23. |
 | Power plants compelled to buy coal at high prices: CCAIThey are now resorted to drawing expensive power from the exchange while nearly idling their captive plants, consequently increasing electricity demand and tariffs further. |
 | Odisha Electricity Regulatory Commission allows virtual net metering for renewable power consumersThe total energy consumed by the prosumer is accounted at the applicable retail tariff and total solar power generated is accounted for at a tariff determined by the Commission. |
 | Rising cost of goods, services affecting purchasing decisions in India: EY reportThe Index for India reaffirms the "positive outlook" of the Indian consumers as 77 per cent expect positive changes in the financial situation, in the next one year. |
 | DBT is not mandatory for power consumers: CentreUnion Minister’s statement in RS is a major relief for Telangana. |
 | Copper buyers want Sterlite plant reopenedCCASI has alleged that the shutdown of Vedanta’s Sterlite Copper plant in Thoothukudi has greatly affected small and medium copper-dependent industries in Tamil Nadu. |
 | How the GST will impact consumers, traders and govtIn many cases it may weigh heavily on your pockets while in others it may soothe the traders’ frayed nerves with input tax credit. |
