ReportWire

Tag: festive season

  • Why Cannes Is the Ultimate New Year’s Eve Destination in the South of France’s Off-Season

    [ad_1]

    I have said it before and I will keep saying it. You need to go to the South of France in the off-season. There is an intimate kind of glamour that feels effortless rather than performative once the summer crowds leave. And this winter, that magic is on full display at Ciro’s Cannes Beach at the Hôtel Barrière Le Majestic Cannes, where the iconic Croisette address has transformed into a glittering holiday haven that blends Riviera elegance with a warm, wintertime glow. Cannes is the place to be this Christmas and New Year’s Eve!

    A Riviera Winter Fantasy on the Croisette

    For the festive season, Ciro’s Cannes Beach sparkles beneath a thousand lights, creating an atmosphere that feels both inviting and unmistakably luxurious. The décor leans into a refined cosy chic aesthetic, with tartan accents woven thoughtfully throughout the space, adding a touch of classic holiday charm while complementing the venue’s timeless tones. The result is a setting that is designed to be immersive, elegant, and of course, photogenic.

    From the moment you arrive, you are immersed in the festive transformation. A stunning Christmas arch welcomes guests from the Croisette. At the heart of the beach, three grand Christmas trees stand surrounded by refined decorative elements including wrapped gifts and soft, glowing lights that reflect off the Mediterranean backdrop. Inside, the bar shelves are styled with glass vases and cloches filled with luminous ornaments, while the restaurant space is defined by a sense of transparency, rather than heavy décor. Tables are adorned with glass cloches of varying sizes housing Christmas baubles and figurines arranged in a harmonious seasonal palette of red, blue, and green.

    Thoughtful Touches for Families with Children

    Ciro’s festive programming also makes space for its youngest guests. A dedicated children’s writing workshop invites little ones to write letters to Santa in a warm, playful setting complete with paper, pens, stickers, and a magical mailbox installed on site. It is a charming detail that reinforces the venue’s ability to balance elegance with family friendly fun.

    New Year’s Eve in Cannes at Hôtel Barrière Le Majestic Cannes

    To close out the year, Ciro’s Cannes Beach invites guests to welcome 2026 on December 31, 2025, beginning at 7:30 PM, with a seaside celebration overlooking the Mediterranean. The evening pairs fine dining with Riviera chic, brought to life by a live strolling band that sets a festive yet refined tone throughout the night. The New Year’s Eve menu is priced at 290 euros per person excluding drinks and includes a glass of R de Ruinart Brut Champagne at midnight along with mineral water, while a children’s menu is available for guests under 12 at 60 euros excluding drinks.

    Hôtel Barrière Le Majestic Cannes

    While I highly recommend also summering on the Riviera, winter offers something that only the in-the-know, know. Cannes in the winter is sunny, quiet and joyfully fun. So add the off-season in the South of France to your list this winter.

    [ad_2]

    Source link

  • GST cuts and festive buying boost India’s vehicle market – GlobalData

    [ad_1]

    India’s Light Vehicle (LV) wholesale figures for September increased by 15% month-on-month (MoM) to 437k units, with Passenger Vehicles (PVs) up by 16% to 373k units and Light Commercial Vehicles (LCVs) with a gross vehicle weight of up to 6T climbing by 10% to 64k units. On a year-on-year (YoY) basis, LV sales increased by 6%, supported by gains in both PVs and LCVs, which rose by 6% and 8%, respectively.

    The MoM surge in PV wholesale volumes was driven by the early festive season (Navratri) and the implementation of new GST rates, which lowered car prices. Retail inflation eased to an eight-year low, contributing to positive consumer sentiment.

    Source: GlobalData

    Source: GlobalData

    Similarly, retail sales of PVs and LCVs in September declined by 7% MoM to 343k units, compared to 369k units in August, according to data from the Federation of Automobile Dealers Associations (FADA). PV retail sales fell by 7% MoM, while LCV sales dropped by 4% MoM. FADA also noted that the decline in PV retail sales on a MoM basis was due to the anticipation of GST 2.0 reforms, where the first three weeks were largely muted. However, the dynamics changed dramatically in the final week as Navratri festivities coincided with the implementation of lower GST rates, reviving customer sentiment and accelerating deliveries for both PVs and LCVs. As a result, the month ended with an overall growth of 6% YoY for the LV market.

    At the end of September, PV inventory levels in India increased to 60 days, up from 55 days in August, reflecting festive preparedness ahead of October’s peak season, according to data from FADA.

    Through the first nine months of the year overall, LV sales remained flat at 3.7 million units, comprising 3.2 million PVs (+1% YoY) and 522k LCVs (+1% YoY).

    Looking ahead, demand is expected to rise in October and subsequent months following the GST rate cut on automobiles and household items, which should lower costs and increase disposable income. The ongoing festival season, combined with price reductions from lower GST rates and aggressive marketing, is also likely to further stimulate demand.

    We have refined our outlook for India’s LV market to reflect a stronger near-term trajectory. The market is expected to maintain a solid growth momentum through 2025 and 2026, supported by healthy domestic demand, improving supply stability, and new product launches. The long-term outlook through 2032 also remains robust, with LV sales reaching 6.8 million units.

    Source: GlobalData

    Source: GlobalData

    This article was first published on GlobalData’s dedicated research platform, the Automotive Intelligence Center.

    “GST cuts and festive buying boost India’s vehicle market – GlobalData” was originally created and published by Just Auto, a GlobalData owned brand.

     


    The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

    [ad_2]

    Source link

  • SBI Card Sees Q3 Sparkle on Festive Season Spending Boost

    SBI Card Sees Q3 Sparkle on Festive Season Spending Boost

    [ad_1]

    SBI Cards & Payments Services (SBI Card), the country’s largest pure-play credit card issuer, is upbeat about clocking a better third quarter (Oct-Dec 2023) performance this year, riding on the strong ongoing festive season spends, Abhijit Chakravorty, Managing Director & CEO, has said.

    In his first interaction with BusinessLine post assuming charge at the helm of SBI Card this August, Chakravorty said that transaction volumes in the third quarter are “impressive” and that the company is bound to register a better performance in Q3 considering that the festive season started in October this year.

    “Last year the festive season was split between two quarters i.e festive season started from September 2022. We will be seeing better performance this quarter considering that festive season started as late as Oct 10”, Chakravorty said.

    “My receivables now are at an all time high, my spends are at an all time high. There is great appetite for consumption in the market. So all these leads me to believe that my business volumes to be continuously growing this quarter and those will bring me adequate returns”.

    SBI Card on Friday reported a 15 per cent increase in net profit for the second quarter ended September 30, 2023 at ₹603 crore (₹526 crore). Credit card spends saw 27 per cent year-on-year growth in Q2 at ₹79,164 crore (₹62,306 crore).

    CUSTOMERCENTRICITY

    Asked whether he intends to bring some “strategic shift” in the company’s working, Chakravorty said that it would be a largely “business as usual” approach, but quickly noted that he intends to focus on “customer centricity” as an add-on to the existing business plans.

    “I would be working closely on the customer satisfaction front. I would prefer to give my customers an absolute friction-free experience so far as card usage is concerned.

    We would like to see if there is any gap, if there is anything that can be done, if there is any value additions that can come towards customer satisfaction, have an ear to the market, look at the noises that are coming out and work on them and give them the best experience that they expect”, he said.

    Chakravorty however declined to give any profit guidance for the entire fiscal even as he pointed out that fourth quarter is expected to be an outlier this fiscal too and help boost overall financial performance.

    On Cards-in-force, Chakravorty said he expects to sustain the growth (21 per cent year-on-year in Q2) and noted that gross additions have been comfortable.

    “We had aspirations of adding 10 lakh plus new cards (on gross level) per quarter. That level we have been achieving (overshooting in last two quarters) and would like to maintain and achieve going forward also”, Chakravorty said.

    DIGITAL JOURNEY 

    Going forward, SBI Card would look to push more digital onboarding of customers rather than human sourcing that is prevailing now. 

    “We want to accelerate the digital journey and make customer interaction more digital. The digital journey is already there which helps in getting a card within 10 minutes, provided all documentation are aligned.

    Nothing can beat a digital experience. The delight created by a seamless digital experience, but that kind of awareness we would like to create in the market for our digital journeys which are already there”, he said.

    UPI CREDIT – A THREAT?

    Asked if SBI Card sees UPI on Credit as a threat, Chakravorty replied in the negative. 

    “UPI on credit is one more facility, one more window, but it is a limited window. As on date and as per our understanding on what we have read, we don’t see UPI on credit as a threat”, he said.

    He said that credit card is a niche payment option that will continue to prevail and expressed confidence that customer preference will not be taken away.

    [ad_2]

    Source link

  • Amul milk price hiked by Rs 2 per litre ahead of Diwali

    Amul milk price hiked by Rs 2 per litre ahead of Diwali

    [ad_1]

    The Gujarat Cooperative Milk Marketing Federation (GCMMF), which is famous for its Amul brand, has increased the price of milk by Rs 2 per litre to Rs 63 per litre. Previously, the price of full cream milk was Rs 61 per litre. Amul Shakti milk is now available at Rs 50 per litre, Amul Gold at Rs 62 per litre and Amul Taza at Rs 56 per litre.  The hike comes just ahead of the festive season and is expected to impact household budgets.  

    The milk brand had increased the milk prices by Rs 2 per litre in August. Mother Dairy had also hiked prices to compensate for the increase in procurement costs. Before that, the prices were increased in March. 

    Also read: CNG, PNG get costlier in Mumbai; check latest prices here

    Recently, Union Home Minister and Cooperation Minister Amit Shah said that Amul will be merged with five other cooperative societies to form a multi-state cooperative society (MSCS). At the 70th plenary session of the North Eastern Council last week, Shah said the process for the merger has already started. 

    He said: “The government led by PM Narendra Modi is giving priority to natural agriculture and digital agriculture and for certification of natural products, the process to form a multi-state cooperative society by merging Amul and five other cooperative societies has been started.”  

    The MSCS will ensure the export of the products after its certification so that profit can go directly into the bank accounts of the farmers, he added. 

    Also read: LPG price today: Commercial LPG cylinder rates go down by Rs 91.50 in Delhi, other metros

    Increasing budgets 

    As per the wholesale inflation data released earlier this week, the inflation rate of fodder at 25 per cent is at a record high, though it is a little less that the August level. This has directly affected the farmers, who raise cattle for a living. Due to this, the cost of milk production has been going up. 

    [ad_2]

    Source link