Centrelink recipients charged more for Consumer leases
The state consumer commission has upheld the order of a district forum, which fined a building contractor in the city for abandoning an extension to a house midway through construction after receiving payment for the work.
A Potentially Weakening Consumer and the Feds Predicament
One aspect of the market's recovery since the financial crisis has been the strength of the consumer discretionary sector. Within the sector itself the retail industry group has outperformed both the S&P 500 Index and the overall discretionary sector itself. This strength could not occur over this long of a period without an improving consumer. The second frame in the below chart, however, shows the Market Vectors Retail (NYSE:RTH) ETF has begun to underperform the discretionary sector this year and is a potential sign of a weakening consumer.
HC poser on Consumer status of slumdwellers
In an order that may have far reaching consequences in the rapid slum rehabilitation driven construction in the city, the Bombay high court has raised questions about maintainability of a slum dweller's grievance against a builder before a consumer forum. The HC has sent a builder to the state consumer commission which will now have to decide "whether the eligible slum dweller under a slum rehabilitation authority (SRA) project, can even be termed a 'consumer' under Consumer Protection Act.''
Dell sees strong momentum in Consumer biz
Michael Dell, Chairman and CEO of Dell Inc, on Monday lauded Prime Minister Narendra Modi for his ‘Digital India’ and ‘Make in India’ initiatives and said his eponymous computer company saw tremendous growth potential in the country.