Great Eastern director Pulkit Baid said there has been good momentum. "Finally, it feels like festive, " he said. Consumer goods makers and retailers had been cautious about this year's festive season business due to a slowing economy, lack of new job creation and poor consumer sentiment in urban and rural India over the past three quarters. However, recent measures by the government such as a cut in corporate tax rates to boost investment, have led to a rise in the feel-good factor, industry executives said. Apart from this, the central bank has told banks to link retail loans to external benchmarks, lowering the cost of funds, and the stock market has been buoyant. Offline retailers said apparel sales have been encouraging, growing by 15-50% in the past two days even though sales of fastmoving consumer goods (FMCG) are yet to pick up. "Grocery sales growth still remains under pressure, " said Kishore Biyani, founder of Future Group, which owns Central, Big Bazaar and Brand Factory stores.
We also provide a selection of cards and gifts to encourage and support those you love, such as thinking-of-you, sympathy and get-well cards. Whatever the occasion, let the Hallmark stores of North Wales be your trusted partner. Product selection and availability varies throughout the year.
TipRanks Billionaire George Soros Picks Up These 3 "Strong Buy" Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized return of 33% from 1970 to 2020, making it the most successful hedge fund in history. Soros's biggest single success came on September 16, 1992, when he 'broke the Bank of England. ' He had taken a short position on the pound sterling, leveraged to $10 billion, and when the pound fell in response to changing politics, he personally made $1 billion in a single day. Soros hasn't always been right in his financial calls, but he's right more often than he's wrong. He's also well-known for his bon mots when it comes to talking about trading.
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