Vehicle registrations rise by a modest 3 per cent in May

Vehicle registrations – a proxy for retail sales – went up by a modest three percent to 2.09 million units last month with consumers delaying purchases due to election-related uncertainties and extreme heat. Passenger vehicle registrations dipped marginally during the month under review by 0.96% to 303,358 units. As per data collated by industry body … Read more

Brady, Jeter headline Fanatics’ effort to build a comic-con of sports

Tom Brady attends Fanatics and Topps ‘Hobby Rip Night’ Event with Michael Rubin, Tom Brady, Kevin Hart and Travis Scott on September 30, 2023 in Linwood, New Jersey.  Dave Kotinsky | Getty Images Entertainment | Getty Images Since the New York Comic-Con launched in 2006, the convention has evolved well beyond comics into a wide-ranging … Read more

Trump’s Truth Social won’t capture serious market share, Sorrell says

Anna Barclay | Getty Images News | Getty Images Advertising guru Martin Sorrell has questioned the prospects of Donald Trump’s newly public Truth Social platform, saying it was currently “unfathomable” that clients would want to buy ads on the site. The British businessman told CNBC on Wednesday that the former U.S. president’s social media platform … Read more

Trust Fintech IPO opens tomorrow: Check issue size, price band, GMP and other details

The SME IPO of Trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to … Read more

Indian passenger vehicle industry engages numerous social media influencers to accelerate sales

Mumbai: The ‘vroom-vroom’ of the auto engine has just got amplified by ‘views,’ ‘likes,’ and ‘notification chimes.’ The Indian passenger vehicle industry – which saw a historic 27% growth in FY23 with sales of 3.90 million vehicles, and growing since the pandemic – has floored the pedal by engaging numerous social media influencers to further … Read more

Nifty 50 earnings grew 17% YoY in Q3, but analysts’ tone cautious; here’s why

It was yet another strong quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services. However, the … Read more

The way AI will be sold to a skeptical public is becoming clear

Many AI companies struggle with customers understanding how the product won’t take away their ability to think for themselves. A few took the opportunity of the Super Bowl to change the narrative. There’s no greater opportunity to reach 123 million live viewers at once and get massive press buzz, even if it cost $7 million … Read more

Stock market to ‘nowhere?’ Experts see more trouble ahead in China

China may have trouble attracting investors again this year. ETF Action’s Mike Akins sees challenges tied to the country’s ability to generate stock market returns. “It’s kind of the old cliché. Fool me once, shame on you. Fool me twice, shame on me,” the firm’s founding partner told CNBC’s ETF Edge this week. “You’ve got … Read more

Energy Drinks Are Out of Control

In the US, the FDA has not imposed specific restrictions or requirements on the sale or labeling of energy drinks, but the American Beverage Association’s Guidance for the Responsible Labeling and Marketing of Energy Drinks does lay out some rules, including that energy-drink packaging must declare the total amount of caffeine per drink, that they … Read more

Restaurants lean into loyalty programs to hold onto digital gains

    An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Forget the battle for chicken sandwich supremacy. The loyalty program wars are coming. Restaurant digital orders surged 124% in the year ended in March, according to market researcher NPD Group. And … Read more