Latest News, Updates & Breaking Headlines
US retail sales rose 0.6 per cent in February after a slight decline in January, signalling cautious consumer activity even before a sharp surge in fuel prices triggered by the Iran war, according to AP.Data released by the Commerce Department showed retail sales rebounded from a 0.1 per cent drop in January, beating expectations. However,…
US consumer confidence rose marginally in March even as fuel prices surged due to the Iran war, highlighting resilience in spending but growing concerns around inflation and economic outlook, according to AP.The Conference Board said its consumer confidence index increased to 91.8 in March from 91 in February, indicating a modest improvement despite rising cost…
NEW DELHI: The Petroleum and Natural Gas Regulatory Board (PNGRB) has put in place a formal ombudsman mechanism for grievance redressal to strengthen consumer protection.Under the new rules, consumers will now have the option to escalate unresolved complaints beyond the company level to an independent authority designated as the ombudsman. The provision comes into play…
A recent X (formerly Twitter) post has claimed that Sam Altman-led OpenAI may have played a key role in a sharp rise in global memory prices, sparking debate online. Sharing the post, user @aakashgupta wrote: “OpenAI may have caused the worst consumer hardware crisis in a decade with purchase orders that were never real.” In…
MUMBAI: The spectre of price hikes is looming for consumers as rising oil prices on the back of escalating West Asia conflict risks inflating input costs for companies which will eventually have to pass on the increase to shoppers across the country, straining household budgets. From lotions and detergents to ACs, washing machines and even…
The homebuyers also pointed out that possession in one case was accepted only due to urgent need. (AI image) In a significant judgment reaffirming consumer protection in housing disputes, the Supreme Court has held that homebuyers cannot be compelled to accept possession of flats without an Occupancy Certificate and that contractual clauses limiting compensation cannot…
UAE Health Product Recall: 4 Items Pulled for Safety Concerns, Unapproved Ingredients In a recent consumer safety alert, the Emirates Drug Establishment (EDE) has ordered the urgent recall of four health-related products from the UAE market due to serious safety concerns and regulatory violations. The recall affects three dietary supplements and one medical product and…
File photo (Picture credit: AP) US stocks were mixed in uneasy trading on Tuesday as companies flagged weakening consumer confidence and investors continued reassessing the impact of artificial intelligence on corporate earnings.The S&P 500 was virtually unchanged after swinging between a modest gain and a drop of nearly 1%. The Dow Jones Industrial Average rose…
NEW DELHI: Supreme Court has taken exception to district and state consumer forums fast becoming sinecures for retired district and HC judges and admitted that the apex court had passed sweeping orders in the past for activating these forums without realising the pendency of cases in these institutions.A district consumer forum is headed by a…
MUMBAI: Chiefs of India’s consumer companies are seeking more tax cuts, wider measures to put money in the hands of the middle-class and support consumption, which has begun to look up after months of sluggishness but runs the risk of being buffeted by external macro factors. CEOs are also pinning hopes on the Budget to…
