MAM
Urban Indians fear inability to afford homes: Ipsos July 2023 report
Mumbai: According to the July 2023 report of Ipsos Essentials, at least two in three urban Indians polled, who do not own homes, are concerned they will never be able to save enough to own a house. Interestingly, the majority of global citizens polled and citizens across the 15 markets polled, echo similar views. The views were particularly pronounced among the citizens of the UK (77 per cent), Mexico (73 per cent), Australia (72 per cent), Brazil (71 per cent), Canada (71 per cent) etc.
Perceived personal risk for Inflation
It’s a mixed bag: While 36 per cent feel high risk due to inflation; 40 per cent feel vulnerable due to inflation and 23 per cent feel insulated from inflation.
Ipsos India country service line leader, market strategy and understanding Archana Gupta elucidating on the topline findings said, “We see a bit of a paradox. While citizens are concerned about lack of finances for investing in the purchase of homes, at the same time, we see some improvement, as the perceived risk of inflation and price pressures seem to soften.”
We see a gradual upward movement in expected spending, especially for non-essential categories.
Trendsetters (those most likely to search for and experience novelties) report spending more in non-essential categories compared to the rest of consumers. This is the average for 29 markets.
Financial setbacks, reduced ability to save, and worries about paying bills loom because of increased mortgage rates
Rising mortgage rates forewarn the likely negative impact on consumer spending (This is the average for 29 markets).
This is the average for 29 markets.
Summarizing on the findings of the survey, Gupta said, “Consumers’ spending outlook signals potential for economic recovery, but housing costs are beginning to absorb spending power.”
Ipsos Essentials monitors how people across the globe navigate the new rules of engagement and the resulting impact on their state of mind, state of wallet, and future intentions. Each month Ipsos surveys consumers in 15 countries, including Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, South Africa, South Korea, Spain, the UK and the US.
MAM
Dish TV shareholders approve three independent directors
99.49 per cent vote of confidence strengthens board as company expands into connected TV, e-commerce and OTT.
MUMBAI: Dish TV has just been served a near-perfect vote of confidence and the shareholders have dished it out in style. Shareholders of the DTH operator have approved the appointment of three new Independent Directors with an overwhelming 99.49 per cent approval. The three appointees are Mr Arun Kumar Kapoor, Ms Heena Naishadh Bhatt and Mr Ashok Anant Paranjpe.
The strong mandate reflects continued investor faith in the company’s strategy, disciplined execution and long-term value creation. It comes as Dish TV focuses on stabilising its core DTH business while actively scaling new verticals connected TV platform VZY, B2B e-commerce ShopZop, and OTT service Watcho to build a more diversified and resilient growth trajectory.
Dish TV India Limited, CEO & executive director Manoj Dhobhal said, “We are encouraged by the shareholders’ approval of the appointment of the Independent Directors and sincerely thank them for their continued trust and confidence. The Board is already benefiting from the Directors’ collective experience, which will further sharpen strategic focus and support disciplined execution.”
With a fresh, strengthened board in place, Dish TV is well positioned to navigate the evolving media landscape. In a sector where every percentage point matters, a 99.49 per cent thumbs-up is the kind of ringing endorsement that suggests the company’s recipe for the future is already tasting right.
