Sep 9, 2016 - It is in US' interest that India becomes stronger economy

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Sree Vijaykumar From the Editor's Desk Lenskart has 200 offline stores. Firstcry.com has over 150, Pepperfry over 10. These are all e-commerce companies. Why are they embracing brick-and-mortar, the business model they are supposed to disrupt? There are multiple reasons. The barrier to entry to start on ecommerce company is rather low. Brick and mortar presence adds credibility in a crowded online market. Besides, the cost of running a small store (Rs 8 - 15 lakhs) is not much more than that of a billboard (Rs 5 - 10 lakhs). And stores can accept customers, adding to sales, in addition to improving brand presence. Brick and mortar also helps expand the market for ecommerce companies - walk-ins can be converted into more frequent online shoppers. The holy grail though is omni-channel, where the retailer lets the customer go through purchase, pick up, returns, home delivery across physical store and online in a seamless manner. In developed markets, brick and mortar retailers are becoming increasingly omni-channel. It will be interesting to see if things develop differently in India. Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Sponsors of the day HP Printers: Exciting offer on HP LaserJet MFP Printers Aditya Birla Finance: Easy, quick, unsecured business loans upto Rs. 10Lakhs   It is in US' interest that India becomes stronger economy "Global growth rates are clearly down. It means that everybody has to work a little bit harder." New Sebi norms led to speculation, we have deferred QIP by two quarters: Rana Kapoor, Yes Bank “We will raise the QIP well within this fiscal year, March 17 which I am very much on record and we have plenty of investors who are willing to invest in the bank that is least of the issues.” Dividend yields may be misleading: Don't rush your banking bets ICICI Bank, South Indian Bank, Punjab & Sind Bank, Jammu & Kashmir (J&K) Bank and Karnataka Bank currently offer dividend yields in the range of 2% to 3.2%. How government can make healthcare affordable in India Just as with organised purchase of medicines, organised purchase of care can bring down prices Cauvery water dispute: Karnataka bandh today, 25,000 personnel to be deployed Farmer and pro-Karnataka organizations in the state have called for a strike over a Supreme Court directive to release Cauvery water to Tamil Nadu Lenders move Supreme Court for arrest warrant against Vijay Mallya Banks’ affidavit in Supreme Court was in response to Vijay Mallya’s plea seeking recall of notice in a contempt-of-court case against him At Larsen and Toubro, a daunting act of balancing the juggernaut lies ahead AM Naik’s successor is faced with the task of precariously balancing the juggernaut, until macroeconomic winds turn more favourable Building US-India defence relations Political conditions don’t exist that justify a joint defence commitment, but there is every reason to develop joint military capabilities Tesla probes Dutch fatal crash, says auto pilot not on It is the second fatal crash involving a Tesla Motors electric car, after a driver was killed in May in Florida while driving on auto-pilot Just Dial gets RBI’s in-principle nod for prepaid wallet Local search engine Just Dial says it needs to submit certain reports to the Reserve Bank of India (RBI) up to 5 March 2017 for final authorization HP Enterprise strikes $8.8 billion deal with Micro Focus for software assets Micro Focus International approached HP Enterprise in February, four months before Britain voted to leave the European Union in a shock referendum RBI cancels registration certificate of 5 NBFCs The entities whose certificates were cancelled are Simco Consultants, Lunkad Securities, Rajvir Marketing and Investment, Crystal Investments, and Shri Jaya Investments Agency. SAIL’s net loss widen to Rs534.92 crore in Q1 SAIL’s total standalone income declined by 3% to Rs9,238.08 crore in April-June quarter this fiscal from Rs9,493.11 crore during the same quarter in 2015-16 Taiwan’s Foxconn invests in Chinese ride-hailing start-up Didi Chuxing Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, in a deal that could value the start-up at about $33.7 billion Reliance Jio, Bharti Airtel, Vodafone, Idea to meet Trai today Reliance Jio has accused incumbent players like Bharti Airtel and Vodafone of not releasing sufficient inter-connection ports Google acquires Apigee in $625 million deal to expand enterprise Google is buying Apigee for $17.40 a share in cash as the search giant gets serious in enterprise software Byju’s raises $50 million from Chan Zuckerberg Initiative, others Online education start-up Byju’s is Chan Zuckerberg’s first Asian investment; funds to be used for expansion in the US, UK and offering more subjects What to do if you get an income tax notice Read it carefully and take action as per prescribed process. If you don’t know what to do, take a tax professional’s help ICICI says automation to handle 20% transactions by March-end At present, the solutions have been introduced in processes in the retail banking, agro business, trade and forex, treasury and HR functions. Top Rankers raises Rs4.5 crore from Careernet Consulting Top Rankers will use the funds for improving technology and geographic expansion in India President Pranab Mukherjee approves landmark GST Bill Ratification of the GST Bill by 50% states and President’s assent has raised hopes that govt will meet the 1 April 2017 deadline for rollout of the tax reform Auto, metals stocks trade at highest premium to long-term average valuation Year-to-date, these indices have rallied 37.46% and 24.08%, respectively, again posting the best gains among sectoral indices Why auto makers are eager to partner with taxi aggregators Apart from cars, tie-ups such as the one between Mahindra and Ola also allow conglomerates to sell services and products from their other businesses To comply with foreign investment norms Amazon India's Cloudtail to stop selling mobile phones Cloudtail is a joint venture between Amazon Asia and Infosys founder Narayan Murthys personal investment vehicle Catamaran. High retail spending to spur modern retail shops in Hyderabad: Knight Frank Samantak Das, chief economist and national director, research, Knight Frank said, “Hyderabad at 9% has the least penetration of modern retail compared to the top seven cities in India. Plenty of takers for FDI in food retail in India: Badal India has got it's plate full when it comes to takers for foreign direct investment (FDI) in food retail says Food Processing Minister Harsimrat Kaur Badal, who is currently on an Eurotrip order to woo food retail giants to invest in India. Wai Wai to be served in noodle bars CG Global enters fast-food business with this brand extension Urban Ladder plans to get a physical avatar Seeks nod for single-brand stores Retail takes the IoT route IoT connectivity has resulted in better customer engagement, operating efficiencies and reduced costs and improved operating efficiencies Myntra introduces 'Try and Buy', aims to simplify online shopping Online fashion major, Myntra has recently announced the introduction of ‘Try and Buy’ (T&B), a new service option aimed at breaking the final barrier to shopping fashion online; touch and fee Metro Cash & Carry opens first store in UP, looks at opening 5 more by 2020 Almost eight years after it first started scouting for opportunities in the country's most populous state, German business-to-business wholesaler Metro Cash & Carry has set foot in Uttar Pradesh, opening its first outlet in the state capital Lucknow. Telecom Regulator Calls Time-Out as Reliance Jio-COAI Battle Turns Anti-Consumer All stakeholders – the government, the regulator and India’s telecom operators – need to remember that the interests of the consumer need to be placed above all else. Anil Ambani nears two mega telecom deals MUMBAI: Reliance Group chairman Anil Ambani is close to signing two, separate deals to deleverage the telecommunications business. Don't hike cell tower radiation, activists petition telecom ministry Citizen activists have petitioned the telecom ministry demanding that there should be no increase in the radiation levels of cell tower antennae in the city as “this could harm the health of those living in the vicinity” DoT ignoring National Telecom Policy, TRAI recommendations, says petitioner Amid talks about Digital India country’s thirst for high-speed data, a unique Public Interest Litigation (PIL) has come up before the Chhattisgarh High court, challenging the unusual delay in revising the existing board band speed to 2 Mbps and higher speed thereafter and the centre’s failure to implement National Telecom Policy 2012. Now, access driving licence on your mobile using DigiLocker The digital copies of driving license and registration certificate can also be shared with other departments for verification purpose. India may get 5G with the rest of the world: Telecom Secretary India stands a chance to get 5G technology with the rest of the world as the country enters an era of Internet of Things (IoT), telecom secretary J S .. Focusing on customer experience, Myntra signs up LogiNext to track order shipments We will be utilising the LogiNext platform for better trackability across service providers as well as optimum utilisa-tion of our delivery force," said Ashutosh Lawania, cofounder, Myntra. India's most valuable startup, Flipkart has spawned a whole bunch of entrepreneurs Over the past few years, an increasing number of Flipkart employees are treading similar entrepreneurial paths, finding launchpads in the company. Urban Ladder wants to convert into a single brand retailer The move makes Urban Ladder the first foreign-funded ecommerce marketplace to capitalise on new regulations that allow foreign-funded single brand companies to sell directly through online portals. Elevating the offline experience Shopping in-store is still a big deal The Indian E-commerce: Still Sunshine Despite constant news of budget constraints and shakeup in e-commerce, industry experts, gathered at the debut Golden Cart Summit and Awards, reiterate that e-commerce continues to be a high-growth sector in India, , magazine 19 september 2016, The Golden Cart Summit, e-commerce, bw events, jabong TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India