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    CashKaro data shows how Indians shopped this festive season: Smarter savings and growth beyond metros

    CashKaro data from six days of festive sales shows GMV up about 18x over a comparable regular period. Small cities, Telegram groups and smart shoppers stacking savings helped drive the surge, as fashion and electronics outpaced mobiles.

    Govt disburses Rs 36,754 cr under PLI schemes as on June 30

    The government has disbursed Rs 36,754 crore to beneficiary companies under the Production Linked Incentive schemes. These schemes have led to actual investment of Rs 2.58 lakh crore in manufacturing capabilities. While attracting investment, they have facilitated exports amounting to Rs 15.53 lakh crore and generated significant employment opportunities. In the pharmaceuticals sector, the scheme has recorded sales exceeding Rs 3.64 lakh crore.

    Resort-led real estate gains traction as buyers seek lifestyle beyond second homes

    Hospitality-led real estate developments are becoming popular as buyers seek resort-like lifestyles near metro cities. Developers are offering sale-and-leaseback models to cater to these demands in various locations. The evolving preferences of homebuyers emphasize lifestyle choices and integrated living environments that include hospitality elements. Multiple projects around Bengaluru are gaining traction due to the growing demand for quality experiences in residential developments.

    Govt floats fresh IT tenders at higher prices

    Government departments are revising IT hardware tenders with higher pricing. Many previous tenders lapsed as brands refused outdated price bids. Some state governments have now floated fresh tenders reflecting updated costs. Manufacturers faced penalties for defaulting on earlier fixed-price government orders. Decision-makers now accept current market prices for IT hardware procurement.

    Acer expands IT hardware manufacturing with new facility in Puducherry

    The new unit will produce computer monitors, all-in-one desktops, servers, workstations, power adapters, and up to 3 lakh laptops annually, creating high-skill local jobs.

    Acer ties up with Indkal Technologies to enter Indian phone market

    Indkal Technologies has struck a licensing agreement with Acer, enabling Acer to enter India's smartphone market. According to a joint statement on Thursday, this strategic deal marks Acer's debut with its own branded smartphones in India. Indkal plans to launch a diverse range of Acer-branded smartphones by mid-2024, aiming to capture a significant market share.

    The Economic Times
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