E-Commerce

Tata Group joins the league of online grocery business by acquiring Gurgaon-based GrocerMax...
29 Jun 2017 Published by Rahul Verma 125 Views

The versatile conglomerate Tata group will soon enter to another business in demand, online grocery business, after buying out the management team and technology infrastructure of Gurgaon-based GrocerMax.The acquisition will boost the online platform for Trent Hypermarket, an JV between Tata and British retailer Tesco. This will drive Tata’s venture to get hold with the leading names Amazon and Bigbasket in ever-growing grocery business. GrocerMax will switch off its business in Gurgaon becaus..

Government shown way to Amazon's FDI in food retail...
16 Jun 2017 Published by Rahul Verma 166 Views

The announcement by Food Processing Minister Harsimrat Kaur Badal cleared Amazon's proposed USD 500 million investment in retail of food products in India."There was some delay due to abolition of FIPB. It (Amazon's proposal) will soon be cleared," Badal, as reported TOI.With the abolition of the Foreign Investment Promotion Board (FIPB), the Amazon's proposal will now be vetted by the Department of Industrial Policy and Promotion (DIPP) under the Commerce Ministry.Badal pointed out that more in..

'Redefined' Nokia smart phones finally launched in India...
13 Jun 2017 Published by Rahul Verma 259 Views

Yes you hear it right… the famous ringtone of Nokia is back with the power pack ultra range of ‘redefined’ range of smart phone namely, Nokia 6, Nokia 5 and Nokia 3 is launched in India.Well, struggling with the idea of widow-based phones, the brand is revamped by HMD Global and finally floated in India in three different configuration under the price tag of 14,999, 12,899 and 9,499 respectively. The company has tied up with Amazon for Nokia 6 and Nokia 5 for sale Nokia 3 can also be purch..

Vodafone, Idea announces merger and plans to roll out 5G in India...
21 Mar 2017 Published by Rahul Verma 207 Views

Vodafone Idea MergerIn effort to wither away the ongoing war in wirelesss telecoms, Vodafone and Idea Cellular has announced merge, excluding Vodafone’s 42% stake in Indus Towers Ltd, to create India’s largest telecom company with a total revenue of over Rs 80,000 crore. Vodafone will be a dominant partner in the merger with 45.1% stake after it will transfer a stake of 4.9% to the Aditya Birla group for Rs3,874 crore to complete the merger.  “The promoters of Idea have the..

Payment Banks is ‘doorstep banking’ loaded with futuristic amenities...
08 Mar 2017 Published by Rahul Verma 159 Views

The concept of ‘Payments Bank’ initiated by Reserve Bank of India (RBI) to cast away traditional banking is reality and reaching to customer through interactive and feasible mobile phones services. The Payment Banks can accept transfers through mobile phones and services like automatic payments, purchases will pave way for the step of ‘cashless transaction’. The step was taken to ease pressure on tradition banking structure and after demonatisation its role is becoming crucial...

R-Day sale to boost online offline market, biggest after Diwali ...
25 Jan 2017 Published by Rahul Verma 213 Views

(Pic: Flipkart - The Republic Day Sale)The biggest event in India’s economy – demonetization- created dip in market and sentiments of investors and buyers and looking Republic Day for breather after Diwali grand event to promote sales. E-commerce platforms are in full swing to make this ‘national day’ happening for buyers as well as for their sales point of view and offering upto 60 pc discount on range of products.The online big bashThe online market giants are offering heavy discounts..

Demonetising notes in India: Real Estate experts reactions...
23 Nov 2016 Published by Rahul Verma 249 Views

The recent call by government to ‘demonetize’ old 500, 1000 currency has surprised many in real estate and realtors also have their mixed-views on this decision. Here are the quotes from experts and stalwarts. ANSHUMAN MAGAZINE, Chairman, India and South East Asia,CBRE“It is a bold move. While it may cause some pain in the short-term, the long-term outlook for the industry looks positive. It certainly helps that the real estate industry has already moved towards transparency in its op..

Spencer’s forays into grocery e-commerce in NCR and Kolkata...
22 Nov 2016 Published by Rahul Verma 674 Views

Leading retailer Spencer's is ready to own its food and grocery ecommerce venture in the national capital region (NCR) and Kolkata. It also has talks with three leading marketplaces including Amazon to list as a seller reports ET. The country’s fourth largest food and grocery retailer with 37 hypermarkets and 12 supermarkets will soon scale up the ecommerce venture in the South in another six cities, said Shashwat Goenka who heads the retail business (Spencer’s Retail) of  RP Sanji..

E-commerce giants eye festival season, market to fair 25% this year...
03 Oct 2016 Published by Rahul Verma 513 Views

The Navratri festival has started with reverence and Diwali is on the doorstep, the festivals of India and the biggest times ahead for the e-commerce market to celebrate the discounts and offers on wide-range of products with the ease of customers.The festival season ahead is filled with joy and celebration, also, elated sentiments in the market to drive factors accountable for peak sale. The e-commerce market is facing competition with the before Diwali, Christmas and New Year with huge discoun..

From startup to Rs 3000 Cr benchmark, think tank of Patanjali knows the success mantra...
27 Sep 2016 Published by Rahul Verma 422 Views

Pic: Yoga Baba Ramdev and Acharaya Balkrishan- Acharya Balkrishan who holds around 94% stake in Patanjali is listed at 48th position on the annual Forbes list of India’s 100 Richest People- Patanjali Ayurveda valued at Rs 3000 Crore- The company is targeting Rs 10,000 Cr revenue in 2016-17The fastest growing FMCG in India, valued at Rs 3000 Cr is positively churning the wheels of growth. Patanjali Ayurveda started journey from Divya Pharmacy at Patanjali Yogpeeth, Haridwar. Now, progressed wit..

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