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Amid fluctuating oil markets, current tensions in the Middle East and possible shifts in US sanctions have resulted in a marginal decline in oil prices. WTI crude is priced at $97.31, with Brent crude at $105.40. While recent moves to lift restrictions on certain vessels aim to counter soaring global freight rates, the International Energy Agency's diesel release hasn't completely eased concerns about oil supply.
This year, online festive sales in India are seeing a decline, largely due to rising prices of smartphones and durable goods, which are typically popular among consumers. These changes have resulted in reduced discounts and lower average order values compared to the previous year. Additionally, many consumers are turning to EMIs for pricier items, which highlights shifting buying habits.
MD & CEO Sharma May Continue At The Helm