Vistry Group, a major UK housebuilder, anticipates a first-half loss of £30m due to significant price cuts on unsold homes. The company has reduced its inventory of private homes from £600m to under £300m, with average discounts rising to 7.1%.
The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS). This initiative aims to prevent business concentration among a few entities, drawing parallels to the early stages of UPI. Discussions with industry stakeholders and a process note have been shared.
The Reserve Bank of India is advocating for interoperability within the Trade Receivables e-Discounting System (TReDS). This initiative aims to prevent business concentration among a few entities, drawing parallels to early issues on the UPI platform. Industry discussions and a process note have been shared.
Meituan, China's food delivery leader, is accused of paying merchants to spread negative information about rival Taobao Shangou, a unit of Alibaba. This comes amid intensified competition and regulatory scrutiny in the sector.
UK shop price inflation slowed to 1% year-on-year in April, down from 1.2% in March, as retailers applied heavy discounting to clothing, furniture and DIY goods amid weakening consumer confidence. Non-food items turned negative at -0.1%, while food inflation fell to 3.1%. The BRC warned that Middle East conflict impacts are yet to fully feed through to prices. Consumer confidence hit its lowest since October 2023, with retail sales volumes at their weakest since 1983.
India's quick commerce market is experiencing a surge in competition as Flipkart and Amazon aggressively expand their dark store networks and offer deep discounts, intensifying pressure on profitability and leading to potential consolidation.
