Are consumers shopping for a Samsung or LG TV or a Godrej refrigerator online? Not really. Most consumer durable majors are actually launching online-only products and even sub-brands to catch the attention of the price-sensitive Indian consumers

Although the deepening economic has caused households to tighten their purse strings, badly affecting most consumer industries, the e-commerce sector is bucking the trend

The manufacturing sector reported a 1.2 per cent decline in output during August, as opposed to a growth of 5.2 per cent in the corresponding month last year. It contributes 77 per cent to the IIP on its own

Whirlpool of India share price rose 4.38% to Rs 2,145.35 compared to the previous close of Rs 2,055.40 on BSE

Excluding gold loan companies, which have seen a rally in stock price, promoter wealth in the sector has halved to $7.7 billion from $15.6 billion at FY18-end

Speculations are rife that Lee is likely to meet Reliance Industries Ltd (RIL) Chairman Mukesh Ambani during his India visit. Samsung was one of equipment providers for Reliance Jio's 4G network business.

With close to 40 per cent of its overall consumer electronics sales generated during the festive season, even amid reports of slowdown, Samsung expects a double-digit growth across this category

While Sensex ended 396 points or 1.03% higher at 38,989, Nifty gained 1.15% or 131 points to 11,571.

Sensex soared over 1,426 points intraday before closing higher by 1,075.41 points or 2.8 per cent at 39,090.03, a level not seen since July 17. In the two-day rally, Sensex gained 2,996.56 points or 8.30 per cent, while the 50-share Nifty soared 895.40 points or 8.36 per cent.

The benchmark Sensex spiked over 5 per cent, 2,256 points to 38,349, after the FM Sitharaman slashed basic corporate tax rate to 22 per cent from 30 per cent while for new manufacturing companies it has been cut down to 15 per cent from 25 per cent.

While Sensex closed 1,921 points or 5.32% higher at 38,014, Nifty ended 5.32% or 569 points higher at 11,274.

Rural and urban inflation sliding down when the headline interest rate (RBI's repo rate) has also been falling reflects all is not well with the economy. It calls for a comprehensive policy response to spur income and investment to revive consumption demand

With Indian consumers tightening their purse string, auto and consumer durables companies are approaching this festive season like a regular period, without ramping up stocks