Discount | Common News Update

Aug252020 by adminNo Comments

Eat Out discount used 64m times in three weeks

Business

Diners used the Eat Out to Help Out scheme more than 64 million times in its first three weeks, according to the latest Treasury figures. The scheme, which is now in its final week, offers customers in restaurants, pubs and cafes 50% off their meal, up to a maximum of £10 per head.It runs every Monday, Tuesday and Wednesday in August to encourage support for the hospitality sector.Chancellor Rishi Sunak said the scheme was supporting nearly two million jobs."Today's figures continue to show that Brits are backing hospitality - with more than 64 million meals discounted so far, that's equivalent to nearly every person in the country dining out to protect jobs."This scheme has reminded us how much we love to dine out, and in doing ...

Jul32020 by adminNo Comments

Tesco demands supplier price cuts in discount battle

Business

Tesco has reportedly asked suppliers to agree price cuts as it steps up its battle with budget supermarkets.The move is part of its shift to an "everyday low pricing strategy", which will see it use fewer promotions.A Tesco spokesperson said: "We are committed to open, fair and transparent partnerships with all of our suppliers."Tesco has given suppliers a deadline of 10 July to agree, according to the Grocer.Several suppliers told the trade publication that they faced pressure from the supermarket to lower their prices.Some raised concerns over the timescale of the demands, as well as a lack of clarity over how the change in promotions would work in practice. Tesco shoppers buying more during fewer trips Tesco sells Polish supermarket business Tesco laun...

Apr222019 by adminNo Comments

SBI offers 20 bps discount on electric vehicle loans

Finance

MUMBAI: In a bid to boost volumes for the struggling electric vehicles segment, State Bank of India Monday launched a discounted loan for buyers of such vehicles pricing 20 basis points lower than its existing auto loans. Of the 3.6 million (FY19) car industry, EVs constitute around 1,000 units per annum, according to industry data, and together with two-wheelers the industry notches up over 54,000 units annually despite the many policy pushes to promote this segment of transport. But the two-wheeler segment in a 20 million business annually now. Many in the industry blame the lack of policy clarity for the poor-show by this segment as the government has only been setting deadlines without thinking about the basic infrastructure and the billions of dollars of investments needed for that. T...

May12018 by adminNo Comments

Discount brokers expand business on data, Aadhaar KYC

Finance

CHENNAI/MUMBAI: Discount brokers — the low-cost, no-frills broking houses — have seen a phenomenal growth in the last two years on the back of the Aadhaar-enabled e-KYC process, launch of high-speed data services at low cost by Reliance Jio, and the five-year old bull market. The growth has been so strong that, as of fiscal 2018-end, Zerodha — an eight-year-old tech-driven startup in the broking space — became the third-largest in India in terms of number of customers, behind ICICI Securities and HDFC Securities. It ranked 16th on the list two years ago, and 34th five years ago. In the league table, it’s ahead of D-Street’s old horses like Sharekhan, Axis Securities, Kotak Securities, Angel Broking and Motilal Oswal Securities. Zerodha and peers like Upstox, Samco and SAS Online have seen ...