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Wearable market growth expected to slow in 2024 amidst plateauing innovation and inventory pile-up, ET Retail

The wearable market is anticipated to witness its slowest growth in 2024 since its inception in 2020, with market analysts predicting a single-digit growth rate following a significant 34% year-on-year increase in 2023 to a record 134.2 million units. Factors contributing to this slower growth include a plateauing pace of innovation, inventory accumulation, and a decline in average selling prices (ASP) despite a 15.4% decrease in ASP.
Anand Priya Singh Vanshika Jain Vikas Sharma Counterpoint Research Southeast Asia Middle East

Government hikes authorised capital of FCI to Rs 21,000 crore, ET Retail

The FCI, the centre’s main grain-handling agency, which utilises the food subsidy to provide grains to 800 million people, incurs most of its expenditure on account of the minimum support price (MSP) given to farmers for the procurement of wheat and rice, their storage, transportation etc.
Food Corporation Of India National Food Security National Small Saving Fund Food Corporation Food Corporations Act National Food Security Act

Crash blocks I-74, ISP warns of more slide offs, accidents in Central IL

CHAMPAIGN CO., Ill. (WCIA) — A crash is blocking lanes on I-74 West at milepost 185, leaving only the shoulder as a passable option. Illinois State Police urge drivers to seek alternate routes. ISP troops 6 and 7 are responding to multiple slide offs and crashes in central Illinois, with the majority being in Champaign […]
United States Champaign County Winter Weather Center Illinois State Police Weather Center
Source: yahoo.com

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