Laptop and desktop sales in India have grown by 2.6% in Q1 2024, driven by large government procurements and improved consumer sales, according to a report by International Data Corporation. The PC market recorded 3.07 million shipments in January-March, up from 2.99 million in the previous year. The growth was mainly due to 56.9% growth in the government segment, while enterprise orders continued to decline.
Hong Kong last month suspended sales of three spice blends produced by MDH and one by Everest, saying they contained high levels of a cancer-causing pesticide ethylene oxide.
Within the upcoming two months, the government is set to unveil a mobile application aimed at notifying consumers about deceptive techniques, commonly referred to as dark patterns, employed by online platforms. This initiative, disclosed by a senior official from the department of consumer affairs, forms a crucial component of the department's agenda within the initial 100 days following the formation of the forthcoming government.
Royal Enfield, Bajaj Auto, and Hero MotoCorp saw record revenue in FY24 from branded parts and accessories sales, driven by a preference for branded spares. Revenue growth was boosted by premium models like Xpulse and Splendor motorcycles. Hero MotoCorp plans to expand its Global Parts Centre to capitalize on the growing market.
Major e-commerce companies in India, including Amazon and Flipkart, support the IS 19000:2022 standard to combat fake reviews through a Quality Control Order, focusing on trustworthiness, consumer complaints, responsibilities of authors, and the enforceability of standards.
In today’s world, brands are more often than not walking on thin geopolitical ice. Brand leaders must stay on guard and take every step possible to preempt and prepare for threats to their business operations and workforce well-being, while learning from the challenges they encounter along the way.
LG Electronics India aims to sustain its leadership in the home entertainment segment by continually introducing tailored products for the Indian market. Launching 55 AI-enabled TV models, LG expects 25-30% growth this year. With India as its priority market, LG plans to enhance its product lineup to meet evolving consumer demands.
Young users of live-streaming gaming platforms appear to be eating more unhealthy snacks after being "bombarded" with promotional content while logged on. Calling the results "concerning," the researchers said there needs to be "stronger regulations on digital marketing of unhealthy foods to young people on these platforms," which also include Kick, Facebook Gaming Live and YouTube Gaming.
TCL India appointed Rohit Sharma as Brand Ambassador to enhance brand visibility for TVs and Washing Machines in India. The partnership emphasises innovation in products, excellence and Rohit Sharma's leadership qualities and aggressive playing style, aiming to increase audience interest and purchase likelihood.
Neeraj Chopra, Omega and Paris 2024 Olympic Games are set to make headlines as the star athlete partners with the iconic timekeeper for the upcoming games. His remarkable achievements, including the historic Olympic gold medal win in Men's javelin throw, add to the anticipation. Omega has served as the Official Timekeeper at nearly every Olympic Games.
Quick commerce drove overall ecommerce for these companies as well as the broader fast moving consumer goods (FMCG) industry, executives said.
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