Tag: Flipkart

Retail news Round Up_Feb 26,2016

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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

 

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Retail news Round Up_Feb 23,2016

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Retail News :

  • Patanjali Ayurved injects new life into herbal market, helps rivals sell more personal care products
  • Paytm plans to launch ecommerce platform for luxury products; ropes in Gucci, Furla and Burberry
  • World Bank arm IFC eyes Rs 170-crore investment in Lenskart
  • Infosys, TCS, Others vie for Paytms Rs 125-crore IT deal for bank foray
  • Amazon quietly launched 7 fashion brands while ramping up hiring for its own clothing line
  • Flipkart sees 400% increase in sale of household items over weekend
  • PC Jeweller acquires WGC’s bridal gold jewellery brand ‘AZVA’

  • Tesco Bengaluru Aims to Connect More Deeply with UK Team: Alison Horner, chief people officer,Tesco Bengaluru
  • Consumers have a new mentality that is helping Coca-Cola and Pepsi pull of the ‘greatest marketing trick of the century’
  • Apple urges govt to form commission on encryption issues
  • Godrej, Videocon launch premium model ACs to tap market demand
  • Blue star to invest Rs 215 crore in 3-4 years
  • E-pharmacy startups bag early investors
  • Govt Announces Digital Market Place For Farmers; Wants To Revolutionize Agriculture Using #DigitalIndia
  • Joister Infomedia to Offer Free WiFi at All Railway Stations in Maharashtra

 

“When you take risks you learn that there will be times when you succeed and there will be times when you fail, and both are equally important.” 
-Ellen DeGeneres

 

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Retail news Round Up_Feb 19,2016

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Retail news :

  • Private equity firm Samara Capital files winding-up petition against Guardian Lifecare
  • Flipkart and Amazon launch initiatives to to get sellers on board in 60 minutes
  • Walmart just signaled a terrifying new reality for American retail
  • Ikea to make India global sourcing hub for bamboo products

  • Online retail store Jaypore raises Rs 30 crore in funding from Aavishkaar
  • Lenskart plans to expand operations through franchise model
  • Costa Coffee to focus on making India outlets profitable
  • Tata Global looks to accelerate Starbucks store expansion
  • Giving Indian shoppers less means big bucks for D-Mart
  • ParkAvenue Deodorant Wears a New Look, Courtesy WOW Design
  • Wal-Mart to create hundreds of fresh food manager roles
  • Pharmacy aggregator CareOnGo raises angel round
  • Xpressbees busy raising funds, bags Rs 85 crore for SAIF Partners, IDG Ventures, NEA, Vertex, Valiant Capital
  • Truecaller Launches TrueSDK to Help 3rd Party Apps Verify New Users via Phone Numbers
  • Tata Unveils the First India-Made Robot ‘Brabo’ in 2 months #MakeinIndia

 

“Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it.”

-William Durant

 

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Retail News Round Up_Feb 17,2016

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Retail News :

  • Walmart eyes $300-mn investment by 2020; to open 19 new stores
  • com to acquire online payments company Emvantage Payments
  • Global diamond industry urged to spend $200mn
  • Luxury League hosts ‘Global Design and Innovation Session’ for Make in India week
  • Brands make micro-nutrient value addition to get closer to customer and compliance
  • PNB declares United Breweries Holdings ‘wilful defaulter’
  • Make In India: Investments on hold, but Siemens is bullish on long term opportunities in India
  • Sustainability not size is the new mantra for investors of startup ecosystem
  • MylesPartners Zomato for Hunger Drive
  • After Flipkart, Myntra Too Admits Their App-Only Mistake; Officially Announces Mobile Site Relaunch
  • Indian Company to Launch World’s Cheapest $7 Smartphone!

 

“Success is a state of mind. If you want success, start thinking of yourself as a success.”
-Joyce Brothers

 

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Retail news Round Up_ Feb 10,2016

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Retail news :

  • Senior executives at Paytm selling their shares to tech titans at a premium
  • Nestle to bring back chicken variant of Maggi on Snapdeal
  • Government mulling 100% FDI in market place model of ecommerce
  • Brick-and-mortar retail stores in revival mode as online sellers avoid deep discounts

  • Amazon plans to launch global shipping and logistics business
  • Budget 2016: Government may end excise exemptions for some grocery items in preparation for GST
  • Walmart to sign 3 pacts with Telangana government to expand presence
  • Amazon plans to offer loans to Indian sellers
  • Flipkart inks exclusive partnership with Kalyan Jewellers
  • India Bullion & Jewellers Association not to support strike call by All India Gem & Jewellery Trade Federation
  • H&M to expand presence in north India
  • US Apparel brand Urban Factory enters India on its own
  • Packaged goods to get costlier on increase in agri-commodity prices
  • Swedish furniture giant IKEA likely to invest in Mizoram
  • Urban Ladder to expand modular solution business in 2016
  • Government eases duty norms for imported goods for exhibition
  • IRCTC & Chaayos Partner to Bring 25 Varieties of Chai & Snacks Straight to Your Train Seat

 

“Success in business requires training and discipline and hard work. But if you’re not frightened by these things, the opportunities are just as great today as they ever were.”

-David Rockefeller

 

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Retail news Round Up_Feb 02,2016

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Retail news :

  • Baba Ramdev accuses HUL and Nestle for conspiring against Patanjali
  • Flipkart to offer its logistics services to third-party e-commerce firms
  • China economy is going to be just fine, says Alibaba
  • GST, competitive logistics, e-mandis and food processing parks may integrate to sell daal at Rs 20/kg and mangoes at Rs 10/k
  • Craftsvilla.com finds the logic in Sendd buy, values company at $5 million

  • Snapdeal partners EESL to sell LED bulbs
  • These startups will provide direct connect between retailers and customers
  • Vatika Group to invest Rs 100 crore for 200 ‘Nukkadwala’ restaurants
  • LeEco to sell subsidised Le 1s smartphone on Flipkart tomorrow
  • Emami expects to start Guwahati plant in October
  • Sequoia closes $920m fund, largest by any VC for India
  • VIP Industries Q3 Net rises 32.94% at Rs 11.3 crore
  • Govt plans 20 textile parks to boost industry
  • Myntra Plans US Expansion, Sets Up Myntra Inc Subsidiary!
  • Reliance Jio LYF 4G Smartphones Available via Grofers; Moto X Force Spotted on Amazon India Before Launch
  • Very Soon Govt to Allow Cinema halls, Restaurants, Shops, Banks To Be Open 24X7

 

“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

 

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Retail News Round Up_Feb 01,2016

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Retail News  :

  • Flipkart invests Rs 666 crore to push logistics cart in next growth drive
  • Even as losses pile up at home, Myntra plans entry into US
  • KFC fined Rs 5 lakh for sub-standard food items
  • B-schools see strong placements; 12% rise in average offer size
  • Walmart, Target, and Aldi are addressing a huge weakness – and it’s turning into Whole Foods’ worst nightmare
  • Myntra is working on optimizing cost
  • Chinese retailing giant JD.com tests drone in rural areas
  • The Beer Cafe is looking to raise nearly $40 mn from PE funds
  • With muted biscuit growth, Parle targets bigger bite in snacks
  • Healthy’ corn moves beyond snack to full meals
  • Blue Star enters air cooler segment, eyes Rs 150 crore sales
  • Wonderchef targets USD 20 million sales; to make in India in 3 years
  • FDA holds campaign against tobacco

 

“None can destroy iron, but its own rust can! Likewise none can destroy a person, but its own mindset can!”

-Ratan Tata
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Retail News Round Up_ Jan 28,2016

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Retail News :

  • Coca-Cola initiates talks with IPL teams to sponsor them as rival Pepsi is out
  • Ecommerce firms like Snapdeal, Flipkart go all out to woo merchants for their platforms
  • P&G grows just 2% in India in October-December quarter after exiting few low margin segments
  • Snapdeal plans to cash on ‘flash sales’ model in 2016
  • Non-IT firms like Jindal Steel, Godrej seek people with domain expertise to enhance digital presence
  • Gifting company Giftxoxo acquires Actizone
  • Kalyan Jewellers will hit the 100 showroom mark by FY17 end
  • Foodpanda finds no takers even at $10m price tag

  • Tailorman to enter Hyderabad, Mumbai and Delhi this year; targets touching 40 stores
  • First State Investments Management picks up stake in Marico for Rs 184 crore
  • Daily Ninja in talks to raise fresh round of funding within two months
  • FDA fines 4161 for violation of COTPA
  • Labour Ministry to move cabinet note for consultations on model Central Shop and Establishment Act
  • PayPal’s revenue beats Street view on higher transactions, customers
  • Start-up-India plan can translate the country from job-seeker to job-creator: T V Narendran
  • LeEco Expands to 300 towns in India with 555 Service Centres
  • 700 Indian Startups Plea To PM Modi,Save Net Neutrality In India and WikiMedia Says No Association With Free Basics

TRAI’s Response to Multi-Million Dollar Free Basic Campaign Will Restore Your Faith in Govt Agencies!

 

“It is a well-known fact that bringing in technologies in retail sector is good for consumers.”

-N. R. Narayana Murthy
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Retail News Round Up_ Jan 27,2016

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Retail news :

  • German investor Rocket Internet may close down FabFurnish, Printvenue; looks for Indian partner
  • Snapdeal plans to lend Rs 1k crore in six months to attract sellers
  • Chinese investors bet big on India, internet giants pour funds into digital startups
  • Apple reshuffles India business, changes roles of senior executives
  • Top smartphone players like Samsung, Micromax becoming poaching grounds for Chinese entrants
  • Anchor Electricals aims to be export hub for Panasonic
  • Roca, maker of Parryware products, to focus more on digital marketing
  • Ronnie Screwvalas UpGrad in advanced talks to acquire three companies
  • Nutraceuticals, food supplements no longer to be considered proprietary foods by FSSAI

 

“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

-Warren Buffett

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Retail news Round Up_ Jan 26,2016

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Retail News :

  • Apple reshuffles India business, changes roles of senior executives
  • How startups like Urban Ladder, Wego and others are taking care of employees’ work life balance
  • Coca Cola to enter dairy drinks segment in India, roll out Vio brand

  • Mumbai’s dabbawalas challenge Subodh Sangle who said the group plans to set up a delivery company
  • Flipkart looks to curate product range for ‘Smart Homes’
  • Kurl-On inks deal with Amazon for online brand store
  • McDonald’s to open more than 60 restaurants in Russia in 2016
  • World’s oldest men’s salon brand Truefitt & Hill expands in India
  • Labour Ministry asks EPFO, ESIC not to inspect startups for 3 years
  • Gionee Seeks DIPP Permission to Open Own Retail Stores in India
  • Lukup Reveals Plans to Offer Innovative 1GBPS Internet Connectivity at Home
  • Amazon Launches Certificate Manager. Offers Free SSL & TLS Security Certificates

 

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Happy Republic Day !