- India to grow at 7.2 per cent in 2018-19: Government
- Bandhan Bank to acquire HDFC-led Gruh Finance
- Banks’ NPA level on the decline: RBI Governor
- Resolve issues over dues by Jan 11: SC to RCom, RJio
- Govt allows ONGC, OIL to induct foreign partner
- Funds to cut equity allocations in 2019: Blackrock
- Trade war ‘certainly’ hurting China economy: US official
- Highway labourer at par with construction worker after new wage norms
- RBI forms committee to look into issues of MSMEs, functioning of banks
- After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb
- MF equity assets only 4% of India’s GDP, lags global average of 35%: Report
- Essar Global Fund completes Rs 42,000 cr final debt tranche
- Centre eyes $600-m from Round II of OALP bids
- Corporates set to report lower revenue, profit growth in Q3
- Direct tax mop-up rises 14.1% to Rs 8.74 lakh cr during April-Dec 2018
- Lupin gets USFDA nod for generic schizophrenia drug
- US-based Ecolab sets up global digital centre in Bengaluru
- IL&FS Transportation defaults on dividend payment of Rs 7.12 cr
- HDFC is the biggest winner in Bandhan-Gruh Finance merger
- India takes over operations of part of Chabahar port in Iran
- KPMG special audit finds Reid & Taylor promoters defrauded firm of ₹3,524 crore
- Bitcoin pushes past $4,000 as technical gauge turns positive
- 15 airlines bid for 111 routes in third round of UDAN auction
- Elon Musk lays foundation of USD 7 billion Tesla plant in China
- Jet Airways in talks to defer or reduce payments to vendors as lenders push for revival plan by month-end
- Crude shocker can be rude shocks for economy: RBI economists
- Amazon emerges as most valuable US firm amid market turmoil
- Srei, Norway’s ECN in equipment import pact
- Rs 40,000 cr investment expected in OALP-II bid round
- To improve revenues, BSNL ties up with Eros for web content
- OVL acquisitions fail to augment energy security
- No decision on interim dividend yet: RBI
Tag: Amazon
Retail News Round Up_April 04,2016
- Ramdevs Patanjali offered loans by ICICI, HDFC Bank and looks to raise Rs 1,000 crore this fiscal
- Amazon Indias authorized capital doubles to Rs16,000 crore and makes foray into fashion world
- After Maggi, Baba Ramdev’s Patanjali Atta Noodles found sub-standard; three times higher ash content found
- Zomato opens new vertical for fresh revenue stream Business Standard, to begin sales of cloud-based point-of-sale product to restaurants to boost revenues
- Mallya’s craft beer firm brews fresh funding in US
- ITC shuts its cigarette factories over warning confusion
- Godrej Consumer eyes global market chipping in 50% of total sales
- Parle Agro to spend Rs 150 cr on advertising, distribution
- Vini Cosmetics promoter Darshan Patel plans to raise Rs 400 crore to fund buyouts
- Fendi Casa plans 4 new outlets in India over next 5 yrs
- Food and Drugs Administration suspends licences of bakery
- SwitchMe secures funding from a clutch of investors
- Ola lets its users auto connect to WiFi in cabs; coming to autos
- Tesla Motors to ship Model 3 to India, now taking pre-orders
- Portea Medical acquires Health Mantra to expand offerings
“Do not be embarrassed by your failures, learn from them and start again.”
– Richard Branson
Retail News Round Up_March 28,2016
Retail News :
- Dera Sacha Sauda chief Gurmeet Ram Rahim Singh launches 151 products
- Saama Capital Management sold its Snapdeal stake
- Allowing pre-owned iPhone imports will negate: Make in India
- Amazon plans two-hour delivery in Berlin
- Xpressbees plans to use Rs 85 crore to build capacity in northeast states
- Jewellers strike enters 25th day, no solution in sight
- Shoppers Stop reviewing duty-free airport venture
- V-Mart to expand in eastern states, targets 150 stores in FY17
- CPM to open 1,500 outlets to sell organic vegetables during Vishu
- Amul plans setting up processing unit in Northeast
- Ringing Bells open to cooperate with Government agencies
- FM Arun Jaitley says Government’s big push to create entrepreneurs from SC/ST, women
- Uber to invest $500 million by June in India as it takes on rival Ola
- Kesoram Industries to hive off its rayon business to Cygnet Industries for Rs 480 crore
- Wings Travel acquires Bookmycab; international expansion planned
- RCOM extends talks with Aircel to merge wireless business
- Agartala to get additional bandwidth; to become new internet gateway
- BSNL announces Rs 2000 Cr modernization drive
“You may have to fight a battle more than once to win it.”
-Margaret Thatcher
Retail News Round Up_March 18,2016
Retail News :
- DLF sells Saket shopping mall to subsidiary for Rs904 crore to streamline and monetize its existing assets Livemint
- Kotak Mahindra Capital and ICICI Securities exit Infibeam IPO over pricing disagreement
- Statistics Ministry planning to include ecommerce in calculation of CPI
- Flipkart arm Ekart ties up with Apollo Pharmacy for delivery and pickup services
- Nike unveils its first self-lacing sneaker
- Kalyan Jewellers to open 7 showrooms in Qatar
- HUL sells off its rice brands to LT Foods
- Xiaomi goes Apple way, seeks 30% local sourcing relaxation in retail application
- Amazon Was In Talks With Flipkart for a Possible Acquisition
- HDFC Bank Launches SmartUp – A Banking Solution Specifically For Startups
- Paytm targets seller base of 5 lakh by FY17-end
- Mobikwik goes hyperlocal, launches ‘Explore Nearby ‘
“Plenty of people miss their share of happiness, not because they never found it, but because they didn’t stop to enjoy it.”
– William Feather
Retail news Round Up_March 17,2016
Retail news :
- Procter & Gamble to challenge ban on Vicks Action 500 Extra
- Amazon Tatkal to help people sell products online
- Gurgaon-based Elitify.com in talks to raise Rs 13 crore
- Protest rally in Delhi on March 17 against 1% excise duty proposed on gold jewellery
- Italian fashion brand Neil Barrett comes to India
- Woodland plans to unveil adventure watch, fitness band
- Aim to develop restaurant base to 500 stores over the next 5-6 years: Amit Jatia, Westlife Development
- Patanjali to set up 4 more plants in 2 years
- United Breweries, Sanofi India and Bayer CropScience boards to go with Vijay Mallya as chairman
- Brand Patanjali driving buzz on social media
- FourthLion enters organised retail with ‘WalkIn’ at Coffee Day
- Marico relaunches Set Wet deo with Ranveer Singh
- Capital Float introduces special schemes targeting women entrepreneurs in India
- FDI up 29% post Make in India initiative: Nirmala Sitharaman
- Private equity funds, textile companies vie for debt-ridden Alok Industries
- Myntra to Introduce Standardized Size Chart to Reduce Merchandise Returns
- ICICI Bank Launches Contactless NFC-based Mobile Payment System
- Infibeam All Set To Launch Indian eCommerce’s First Ever IPO; To Raise Upto Rs 450 Cr At A Valuation Of Rs 2237 Crore
“Challenges are what make life interesting and overcoming them is what makes life meaningful.”
– Joshua J. Marine
Retail news Round Up_March 16,2016
Retail news :
- Sri Sri Ravi Shankar plans to take FMCG space by storm
- E-commerce firm Infibeam seeks up to $67 million in sector’s first IPO
- Amazon offers to help startups in AP BusinessLine
- Government promises jewellers ‘zero interference’ with taxman over excise duty levy
- Private equity funds, textile companies vie for debt-ridden Alok Industries
- Maha govt for invoking IT Act on illegal online medicine sale
- Government to promote India as investment destination for startups
- Google, Microsoft, and Mozilla Announce ‘WebAssembly’- A Faster Web Standard
- Reliance Jio signs intracircle roaming deal with BSNL
- Viacom18 ties up with Robosoft, Kaltura & others for VOOT
- Zee Media launches global English news channel WION
- Credihealth adds 50 more hospitals to its platform across India
“Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.”
-Margaret Mead
Retail news Round Up_Feb 26,2016
Retail news :
- Flipkart to shut its grocery delivery app Nearby within 5 months of launch
- Etail giants like Snapdeal, Amazon lose market share in 2015; small etailers emerge as real winners
- Ex-eBay India head is the new COO of Jabong
- Flipkart to spend more on technology, to increase tech team headcount by 50%
- Amazons Jeff Bezos has the best hand in Indias e-commerce game
- CouponDunia to launch in-store discount coupons
- MTR expands its breakfast portfolio with new launches
- Chinese smartphone maker OnePlus plans local engineering team for India
- LeEco to foray into TV segment, to commence sales through brick-and-mortar stores
- India Inc lauds plan to bring digital payment at par with offline payment
- Lenovo Announces World’s First Project Tango Smartphone; Coming in July 2016
Summery : RailBudget 2016
- WiFi would be provided at 400 more stations; 100 stations already have WiFi as of now
- Railways would work with eCommerce companies to increase revenue via freight route
- Railways receives around 100 terabytes of data every year. They will now use Big Data to analyse and use this enormous data
- Social media would be now used more prominently for customer care and outreach
- Indian Railways is expecting an operating ratio of 92% this year
- Rs 1.21 lakh total capital planned for Railways Budget 2016
- Rs 8720 crore was saved last year, which would be used this year
- Rs 8.5 lakh crore would be spent on Railways modernization
- 2000 km of rail line would be electrified this year; which is an increase of 50% compared to last year
- 2500 kms of rail line would be converted into broad-gauge this year; its an increase of 30% compared to last year
- 17,000 bio-toilets would be created; 475 new toilets across various railway station
- Mizoram and Manipur would be connected via broad gauge
- IRCTC website would now handle 7200 tickets per second, which is an increase from 2000/second right now
- 2 lakh online users would be now able to access IRCTC website at a given time, compared to 40,000 right now
- 2500 water vending machines would be installed at railway stations
- All major railway stations would be monitored by CCTV camera
- Antyodaya Express would be launched, which would be unreserved long distance train across major routes
- Humsafar Express would be launched, which would be completely 3AC coached, for long distance routes
- Tejas Express trains would be launched, which will have speed of more than 130 kms/sec (starting with Agra-Delhi-Agra route)
- Reservation for women and aged citizens would increase; women will get 33% reservation in catering
- IRCTC will soon take over catering services across all trains; local cuisines would be preferred
- Cancellation of tickets can now be accomplished on phone using 139
- Exclusive Radio and FM service would be launched for passengers
- Baby food would be available for new mothers who are travelling
- India’s first Rail Auto Hub would be launched in Chennai
- All unmanned crossing shall be abolished by 2020
Retail News Round Up_Feb 18,2016
Retail News :
- Worlds cheapest smartphone priced at Rs 251 hits Indian market
- Paytm to leverage merchant partnerships & consumer base to triple its wallet transactions to $10 million a day
- Fashion brand Ws parent plans to raise $100 million from PE funds
- Google makes fresh push into grocery delivery
- Britannia to invest Rs 900 crore on new greenfield plants, innovation
- Amazon launches ‘Tatkal’ initiative for small and medium businesses
- Abof clocks Rs 100 crore gross merchandise value within 90 days of launch
- Alibaba to work with NDRC in rural areas
- Amazon expanding deliveries by its ‘on-demand’ drivers
- Small sellers skip add-on options in online marketplaces
- PepsiCo inks pact with Maharashtra to promote fruit processing
- Big Bazaar Direct ties up with Oxigen Services to expand its e-commerce reach
- Tracxn raises fresh funding from Nandan Nilekani, Mohandas Pai, Neeraj Arora & Anand Rajaraman
- Uber Signs Agreement with Maharashtra Govt to Create 75,000 Jobs #MakeinIndia
- Foodpanda launches 30 Min Express Delivery in Gurgaon
- Freedom 251 Quadcore Smartphone 1GB RAM Launched For Rs. 251 ($3.8)
“Don’t let the fear of losing be greater than the excitement of winning.”
-Robert Kiyosaki
Today’s M & A Deals_Feb 17,2016
M & A Deals :
- Kotak Realty Fund to invest afresh in commercial properties
- Milk Mantra in talks to acquire another dairy firm
- Amazon acquires Noida-based payment gateway EMVANTAGE
- Background verification firm BetterPlace gets under $1M from Unitus Seed Fund
- Product customisation startup icustommadeit raises $4M in pre-Series A round
- GrowX seed funds TableHero with $1M
- Home services startup Zimmber acquires FindYahan
- Gati to invest in logistics startups
- Online marketplace Salebhai gets investment from HNIs
- Medinfi Healthcare gets fresh angel funding
- Yet-to-launch instant messaging app Tring gets angel funding
- Rocket Internet’s Wadi.com raises $67M in record Series A funding in the Middle East
Today’s Wealth Mantra !
“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.”
– Dave Ramsey
Retail News Round Up_Feb 15,2016
Retail News:
- Snapdeal raises $200 million funding round from Ontario Teacher’s Pension and others and now valued at $7.5 billion
- Amazon sets up dedicated ‘Make in India’ online stores in India & United States
- AV Birla Group rolls out 2x2x2, a new policy for senior appointments
- Ratan Tata on a investment spree; funds retail technology startup SnapBizz
- Sterlite, Coke, Raymond commit over Rs 21,400 cr in Maharashtra
- Make in India: ITC to invest Rs 800 crore in Odisha for hotel, food park
- Online portals record rise in customers from non-metros
- ITC Aiming for Pole Position in Fragrance Biz
- Rasna chairman Piruz Khambatta named ambassador for Make in India
- Asian food brands make a home in India
- Anil Agarwal to set up Indias first LCD panel plant
- CareOnGo forays into e-commerce healthcare platform
- Rising spectre of cybercrime in the pharmaceutical sector
- Govt Launches Dedicated Website For Indian Handloom Products
- Rediff’s cash reserves at Rs 32.2 crore; Shares may be delisted in two quarters
- ZipGo launches petition to help reinstate service
- Budget Expectations 2016: Online Service Tax Relief, GST, IPO Policy support & more
“There are opportunities for all of us, we just have to open our eyes and hold ourselves completely accountable”
– K. Abernathy