Bangalore takes a big hit; medical tourism agencies are amongst the worst hit. Medical Tourism, once a blooming industry, is in a bit of a dry spell. Medical tourism agencies were hit hard due to travel restrictions imposed amid the pandemic and still are not able to bounce back. J.P. Yaduvanshi, founder of Doctorvalley, a […]
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Wedding restrictions during COVID-19 hampered the business of henna designers across the country. Henna designers in India are struggling to keep their businesses alive after COVID-19 wedding restrictions led to a decrease in the number of customers. This reduced the demand for henna designers, and many people had to find other jobs. Laxman, a henna […]
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The World Health Organization (WHO) reports, smoking makes people more vulnerable to Covid19, but still people are not quitting the habit finds Crisil report. Bengaluru: Crisil Ratings says cigarette sales have risen seven to nine percent equating to 83 billion sticks this fiscal year. A study from Lancelet says people saw the pandemic as an opportunity […]
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Government-proposed duties on imported photovoltaic (PV) modules would raise their price by 40 percent in 2022. Bengaluru: Solar energy consultants and experts say that a drop in supply of PV modules from China and government-imposed duties would temporarily raise the price of solar projects in the months ahead. The rise in prices will be preceded […]
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Exciting returns, leisure time, bullish market, advent of digital platforms and IPOs have led to more Indians opening accounts over the past year. India has seen a remarkable rise in the number of active DEMAT accounts in the last one year. Statistics released by depositories show that the number of DEMAT accounts has increased by […]
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Stationery businesses are facing losses because of non -payment of the goods sold on credit basis. The distributer chain of stationery manufacturers, wholesalers and retailers has stopped selling goods through the credit system. Prakash, 30, a wholesaler at Avenue Road said that the credit system is dying because after the first lockdown, businesses have not […]
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Customers are more inclined towards buying electric lights. The earthen lamp maker’s business has declined from 90 percent of sales to 25 percent for the past two years. Lamp sellers blame the pandemic, along with the unwillingness of people to spend money on festivities during these tough times. Most potters and pottery shop owners suggested […]
Continue ReadingStreet vendors cannot access bank loans despite their inclusion in MSMEs. Urban street vendors now fall under the ambit of Ministry of Micro, Small, and Medium Enterprise (MSME) but they are unable to get loans because they fail to meet the eligibility criteria. Vijaylaxmi, a street vendor at Krishna Rajendra (K.R.) Market said that she […]
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The cosmetic industry’s post-Covid slump continues, although there is a shift in customers’ attitudes. In 2020, India’s lip makeup market sales declined by 2.18 percent. Majority of the cosmetic brands in India have recorded losses. The Body Shop reported their net income in negative figures in 2020 which was Rs. 650.2 million. Sugar cosmetics recorded […]
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Most brands and influencers are ideating new strategies to enhance the engagement rate of their content. Over 89 percent social media influencers have experienced a dip in their engagement rate following Advertising Standard Council of India (ASCI) guidelines for influencer marketing in June 2021. “We did face a certain dip in the paid promotions because […]
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