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Wednesday, September 16, 2015

Sep 16, 2015 - After decades of being a conservative player, Godrej has become more aggressive

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After decades of being a conservative player, Godrej has become more aggressive

'When the world zigs, zag' goes the famous ad tagline. Godrej's taking this advice very seriously, but is it the right path?


Kirana stores the inspiration for big retail's small stores: BCG

Some analysts, however, believe convenience stores could be challenged by digital grocery in the future photo


Snapdeal launches a mobile wallet through its recharge and utility payments unit FreeCharge; receives approval from the RBI for a semi-closed wallet
FreeCharge, which does not own an open mobile wallet licence, has tied up with Yes Bank to launch its wallet


Abbott Healthcare in row with drug controller over cough syrup

Whether the sample of Abbott's popular "Phensedyl" was a genuine product or a fake has not been established, but the suspect batch of 80,000 bottles has not been recalled.


Omni-channel to be the next big play in retail

- “I haven’t seen such a behaviour in other South East Asian markets. While businesses in countries like Taiwan, Thailand and Philippineshave adopted e-commerce in a big way, there is a clear focus on bottomline. Money is being made on every transaction and majority of the companies there are gross margin positive,” said Iyer at the inaugural session of the two-day IRF summit in Mumbai on Tuesday.


Retail in therapy: Honchos urge, get down to business

Krish Iyer, CEO, Walmart India said, "I urge each one of you to participate in the forums and make the industry chambers really meaningful.".


SBI Card expects ecommerce transactions through credit cards to account for about 55 per cent-60 per cent of its total transaction value in the current fiscal

SBI Card today rolled out an online specific credit card --SimplyCLICK --in association with seven partners including Amazon India, BookMyShow and Cleartrip...


Omni-channel to be the next big play in retail

- “I haven’t seen such a behaviour in other South East Asian markets. While businesses in countries like Taiwan, Thailand and Philippineshave adopted e-commerce in a big way, there is a clear focus on bottomline. Money is being made on every transaction and majority of the companies there are gross margin positive,” said Iyer at the inaugural session of the two-day IRF summit in Mumbai on Tuesday.


PM's US visit: Apple's Tim Cook joins star-studded list of CEOs set to meet Narendra Modi

PM Modi will be keen to showcase initiatives such as 'Make in India' and persuade Tim Cook to invest in manufacturing and research and development in India.


The trouble with Foodpanda: Current and former Foodpanda employees reveal multiple flaws in culture and processes at online food-ordering start-up
Current and former Foodpanda employees reveal multiple flaws in culture and processes at online food-ordering start-up


Using Geisha Secrets to Build a $12 Million Cosmetics Company

The use of cosmetics goes back thousands of years. Now one entrepreneur is taking a page from the Japanese geisha ...


Google Play Gift Cards Now Arriving In Stores Across India

You can't gift people apps, books, or albums from the Play Store―but with Google Play gift cards, you can effectively do the same thing. But first, t... by Bertel King, Jr. in News


Amazon to offer sops to woo sellers; to provide complete backend support, plans to add cash on delivery mode

The online market place already provides an Easy Ship service whereby Amazon takes care of delivery from the seller's inventory when an order is placed.


In online marketplaces, sellers are the real kings
By Gaurav Hinduja Ecommerce marketplaces such as Flipkart, Snapdeal and Amazon have revolutionised selling by simply connecting "sellers of goods" (earlier called traders) and "the consumer" through their platforms. In the recent past, we have...


Wendy's all set to deliver burgers at your doorstep; eyes consumers shopping through mobile apps

The world's third largest US burger chain Wendy's is kicking off home delivery to beat the continued slowdown in consumption.


FitMeIn offers alternative to beating gym boredom, raises $100K funding from Green House Ventures

When an anonymous writer on a Quora thread asked the top reason for quitting the gym, a large number of replies cited monotony and boredom. According to a


News in numbers | Two Indian institutes in world's top 200 universities
The QS World University Rankings 2015 puts the Bengaluru-based IISc in the 147th position, while the IIT-Delhi ranks 179


"Our long-term plans for India continue to be stable" says Coca-Cola's Venkatesh Kini

Coca-Cola has kicked off a new reporting structure, aimed at making it more nimble and enabling faster decision-making, even as cola sales have shrunk...


OYO Rooms launches a new brand called OYO WE, a Women's Exclusive for women travelers with all-women staff and special amenities for women

OYO Rooms has launched a new brand called OYO WE, a Women’s Exclusive for women travellers with all-women staff and special amenities for women...


India Consumer Inflation Edges to Nine-Month Low

Business Today
NasdaqNEW DELHI--India's consumer inflation rate edged to a nine-month low in August, mirroring weak wholesale price pressures and building the case for the central bank to resume lowering interest rates later this month. The benchmark consumer price index ...India's August consumer price inflation easesBusiness Standardall 483 news articles »




With China buying too, iPhone 6S online orders could take weeks to ship
Los Angeles Times
Los Angeles TimesThe company announced Monday that online orders of the iPhone 6S, including the bigger-screened Plus variety, are on pace to exceed 10 million over the new two weeks, set to surpass the record first-few-weeks sales mark the iPhone 6 hit a year ago.ews articles »




HomeShop18 posts a loss of Rs 174.91 crore for the financial year ended March 2015, up significantly from Rs 83.9 crore from the previous financial year

HomeShop18 (TV18 Home Shopping Network) has posted a loss of Rs 174.91 crore for the financial year ended March 2015, up significantly from Rs 83.9 crore from


Mobile commerce firm Paytm to invest Rs 500 crore over the next four years for branding and promotion across sporting events

One97 Communications, owner of Paytm, has already acquired the title sponsorship rights for India's matches at home for a period of four years...


Parksons Packaging: An out-of-the-box carton designer

The Mumbai-based firm, which manufactures attractive cartons for top brands, has seen a near 10-fold increase in revenues in the past decade


Former Analyst Aims To Be Among World's Top Coffee Retailers
Businessworld
Former Analyst Aims To Be Among World's Top Coffee RetailersBusinessworld... Tchibo Coffee International, he learnt some basic lessons in branding. Tchibo started from 10x10 feet retail outlet in 1948 and ended up registering an exponential growth. Siddhartha too decided to give it a try with some outlets in Bengaluru and ...




Twitter partners with Stripe to expand 'Buy Buttons' to let shoppers buy a product and enter payment and shipping information without leaving Twitter
Payments processing company Stripe Inc launched a new tool on Monday that will connect retailers and brands to sell on platforms like Twitter Inc and tap an increasing number of consumers shopping on mobile apps.


Why is our success dependent on the business school we attend?
The moment you are in line for something serious you start stepping on a fair number of toes.


How hyperlocal logistics startup Opinio is differentiating itself with an online delivery tracker feature

Opinio is a tech-enabled hyperlocal logistics startup which helps small businesses (merchants) fulfill their demand by offering delivery as a service.


Kirana stores the inspiration for big retail's small stores: BCG

Some analysts, however, believe convenience stores could be challenged by digital grocery in the future photo


Same-day delivery of goods made possible through Flipkart

With a massive centre in the backyard of Chennai, online shoppers on Flipkart can hope to get their products delivered at their doorsteps the same day.The new warehouse, sources said, will service key regions in Tamil N


5 Myths About Selling on Amazon

Why your ecommerce business should be selling on Amazon, if you're not doing so already


Wendy’s all set to deliver burgers at your doorstep; eyes consumers shopping more through mobile apps

The world's third largest US burger chain Wendy's is kicking off home delivery to beat the continued slowdown in consumption.


The Egg Stop opens its three outlets in Kochi
The Egg Stop, the world's largest nutritious omelette café, has opened three franchise


Amazon to offer sops to woo sellers; to provide complete backend support, plans to add cash on delivery mode

The online market place already provides an Easy Ship service whereby Amazon takes care of delivery from the seller's inventory when an order is placed.


India: Tea stores chain Chai Point raises $10 million

Mountain Trail Foods, owner of the Chai Point network of tea stores, has raised nearly $10 million, a funding round led by Eight Roads Ventures, DSG Partners and existing partner Saama Capital


Growth important but retailers should watch bottom lines: experts

Ebitda margins of Indian retailers dropped to 2% in 2014 from 8% in 2011, while those of global chains were 7-11%


Amazon to offer sops to woo sellers; to provide complete backend support

The online market place already provides an Easy Ship service whereby Amazon takes care of delivery from the seller's inventory when an order is placed.


India Retail Forum 2015: Certification scheme for retailers launched at IRF

Adil Zainulbhai, Chairman, Quality Council of India (QCI) expressed his delight towards this initiative and said, “This ‘Trusted’ certification scheme will encourage more and more retailers to be customer centric and move towards the omni channel era.”


Online commerce can't kill brick & mortar: Rakesh Biyani

PwC survey says that 51% of retailers feel that the biggest challenge is creating a differentiated model


E-commerce gets its 'cattle class'
Singh is an example of a growing trend online where farmers and dairy owners like him have taken to online classified sites such as OLX and Quikr to find buyers for cattle.


Mobile shopping app Paytm challenges e-commerce rivals in India

Whether or not Paytm becomes the first Indian e-commerce company to ship 1 million items in a day ahead of others, it's becoming increasingly clear that mobil..


HomeShop18 posts Rs 174.91 Cr loss for FY15; Revenues at Rs 443.87 Cr

HomeShop18 (TV18 Home Shopping Network) has posted a loss of Rs 174.91 crore for the financial year ended March 2015, up significantly from Rs 83.9 crore from


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Tuesday, September 15, 2015

Sep 15, 2015 - With M2ALL launch, Mahindra forays into e-commerce

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Flipkart announces the launch of its fulfillment centre in Chennai, taking the total warehouse strength in the country to 15

Ecommerce marketplace Flipkart, in a bid to improve its supply chain in Chennai & surrounding areas, has launched a new fulfilment centre in the city.


Coca-Cola prunes Reporting Layers at its Regional offices

Coca-Cola has kicked off a new reporting structure, aimed at making it more nimble and enabling faster decision-making, even as cola sales have shrunk.


With M2ALL launch, Mahindra forays into e-commerce
Called M2ALL.com, the venture will offer the entire range of Mahindra products and services


Paytm snaps up former Airtel and Samsung senior executive Nitin Misra to head the product pipeline for its core payments business

Misras appointment is the latest made by the Noida-headquartered, Alipay-backed Paytm, as it looks to build a second tier of leaders to strengthen critical operations and scale faster.


ITC's Yippee noodles looks to step into fill Maggi void
Fortunes have changed for Yippee noodles after FSSAI banned Maggi in June calling it ‘unsafe and hazardous’


Budget Group ties up with 3 logistics firms; to invest $12 million into partnerships

Logistics company Budget Group today said it has tied up with global firms FARDAR Express, Network Courier and AJ Worldwide for wider reach.


How an Indian startup is taking eCommerce to the villages

DATAQUEST
DATAQUESTInthree Access Services, which owns Boonbox, an eCommerce portal, has taken this challenge head on and is now reaping the benefits of being a player with huge focus on rural India. To get more details on the strategy adopted by the firm, Dataquest ...




Taxi aggregator app Ola to invest Rs 5,000 crore in the coming year to expand its newly formed cab leasing business

Drivers can lease a car for a deposit of Rs 35,000 and monthly lease payments (of about Rs 15,000) with option to own vehicle after 3 years.


Tonnes of pulses, onions to reach domestic market in October
Ahead of the festive season, the Centre on Monday announced that 10,000 tonnes of pulses and 2,000 tonnes of onions would reach the domestic markets by October 20.


Flipkart launches fulfillment centre in Chennai, total strength 15

Owing to an increased demand and with a consistent focus on customer delight, the company has invested in improving the supply chain in Chennai and surroundin..


Delhi-based ShadowFax raises $8.5 million in a Series A round of funding from Fidelity Internationals investment arm Eight Roads Ventures

Delhi-based hyperlocal technology start-up ShadowFax has raised $8.5 million in Series A round by Fidelity’s proprietary investment arm, Eight Roads Ventures.


India's August consumer price inflation eases
India's consumer price inflation for August eased slightly to 3.66 percent from 3.69 percent in July and a staggering 7.03 percent during the like month of last year, official data showed on Monday.


Sony to focus on 'Make in India', aims robust growth in FY16

Sony India has undergone outsourcing tie-up with a Chennai based firm for making televisions. The firm is only into LED panel based TVs...


Zapyle.com raises $1 million in seed funding from a group of real estate firms and investment companies in Bangalore

Zapyle.com, a platform that enables users to buy and sell pre-owned luxury wear, has raised $1 million in seed funding from a group of real estate firms and investment companies in Bangalore.


Expect clear norms for direct selling; upbeat on India: Amway

Amway is pinning hopes on government's bringing clarity in guidelines for the sector as the company looks to move on from last year's troubles.


ITC's Yippee noodles looks to step into fill Maggi void
Fortunes have changed for Yippee noodles after FSSAI banned Maggi in June calling it ‘unsafe and hazardous’


Mahindra Group launches e-commerce platform
Called M2ALL.com, the venture will offer the entire range of Mahindra products and services


Inflation continues to drop, but onions, pulses still bite
CII expects the RBI to reduce interest rates by 50 basis points (0.50 percentage points) in the forthcoming policy with statements supporting further easing in the near future," said Chandrajit Banerjee, director general, Confederation of Indian ...


Xiaomi plans to push India sales through its ecommerce site Mi.com

Manu Jain said the company would 'scale up Mi.com without artificially constraining sales through partner sites like Flipkart, Amazon and Snapdeal.'


Ravneet Phokela, former vice-president and practice head of strategic brands group at Flipkart, joins Ather Energy as its chief business officer
Ather Energy is a start-up that builds smart electric two-wheelers; Ravneet Phokela to oversee marketing functions in new role


Munnar stir called off, women tea workers secure benefits
Workers of KDHP in Munnar ended their strike after 9 days, with the company agreeing to their demand for higher bonus, but repercussions are being felt in other tea estates.


Tea Trails raises Rs 6.6 crore, targets 250 stores by 2018

Tea Trails, a chain of tea cafes in Mumbai, has raised $1 million (about Rs 6.6 crore) in its first round of funding from a group of HNIs led by Anil Matai.


Work-life lessons from CEOs
Why some company heads surround themselves with books and plants, go running, and discourage employees from sending them emails


Toonz Retail to expand retail presence
Toonz Retail, engaged in retailing of kids-wear and toys, has launched its second mult


On-demand logistics startup Shipsy raises angel round
Shipsy has raised an undisclosed amount from a group of angel investors


Paytm wants to launch the country's first payments bank by the end of this financial year

Co is banking on its mobile wallet experience to give it a lead over established business houses as it plans launch by this fiscal-end...


Mahindra Group jumps into the booming ecommerce segment with the launch of M2ALL.com, a portal from where consumers can buy all Mahindra products

The e-marketplace for Mahindra's products and services, according to the firm, has begun taking bookings for the newly launched SUV -- TUV300.


You cant beat someone who doesnt quit. Meet the Fearless Farah of e-commerce who plays golf and loves wine

Anisha believes that always trying to solve a puzzle is the mantra to her win. There’s no point in building the same structure that is already there...


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Monday, September 14, 2015

Sep 14, 2015 - Ola raises around $225 million as part of a new funding round led by existing investor Falcon Edge Capital

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Ola raises around $225 million as part of a new funding round led by existing investor Falcon Edge Capital
Investment comes as part of a new funding round that could see the firm raise over $500 million, and is expected to be closed shortly


FSSAI proposes norms for nutraceuticals, ayurvedic products to check mis-labelling

To check mis-labelling of 'health supplements', FSSAI has come out with regulations proposing to ban the sale of such products as 'medicines'.


Online grocers like BigBasket, PepperTap, ZopNow & Localbanya to speed up delivery to outrun kiranas

Companies such as BigBasket, PepperTap, ZopNow say time and convenience are driving more sales for online groceries, unlike deep discounting in apparel or durables segment.


Jabong looks for new CEO as co-founders Sinha, Mohan exit; shuts its design office in London, under pressure from its parent to focus on cutting losses
Jabong, which recently shut its design office in London, is under pressure from its parent to focus on cutting losses


McDonald's India to double outlets with Rs. 750 cr investment in next five years

McDonald’s India is stepping up its operations in western and southern markets of the


Codex committee to discuss quality standards for spices

The 'Codex Standards' for the spices is being discussed at the second session of CCSCH under Codex Alimentraius Commission (CAC), Rome.


Expect clear norms for direct selling, aiming to treble turnover to Rs 6,000 crore in next decade: Amway

Amway is pinning hopes on government's bringing clarity in guidelines for the sector as the company looks to move on from last year's troubles.


Mad Over Donuts inaugurates cafe-style store at Churchgate,Mumbai
HospitalityBizIndiaThen we consolidated our position as to where we stand, how we can get consumers excited to come to our stores, how many donuts we sell per day, - consumption being the most important parameter in QSR. Now that people have accepted the brand and donut




Ratan Tata invests undisclosed amount in Zivame

Zivame recently closed a Series-C funding round of Rs 250 crore from Zodius Technology Fund and Khazanah Nasional Berhad.


Dell, InMobi forges a strategic alliance to leverage each other's capabilities and build a next-generation ecommerce platform for the latter's customers

Dell and InMobi have forged a strategic alliance to leverage each others capabilities and build a next-generation ecommerce platform for the latters customers.


Food inflation needs a policy response
For instance, dearer protein-based products such as milk, egg, meat and fish can potentially keep food inflation at alarmingly high levels, negating much of the gains that cheaper veggies would have otherwise provided. India's official ... Sample this




Why only IITs & IIMs? Some startups believe exceptional talent resides in lesser known institutions too

A few startups believe that the best people may not just be at IITs and IIMs but in other institutions as well, which may be in other parts of the country...


E-commerce players betting big on offline presence

Many e-commerce players have started foraying into physical retail space and the trend is going to become more prominent in future.


Why India's online shopping revolution won't kill brick-and-mortar stores

Research shows that brick-and-mortar retailers in India will grow at between 13% and 15% over the next two to three years.


Snapdeal launches 'one-hour' refund facility; ties up with a private bank to introduce an automated real-time refund transfer system based on IMPS

The online marketplace has tied up with a private bank to introduce an automated, API-based real-time refund transfer system based on IMPS technology...


Steroid-based skin creams for cosmetic use under lens
Tempted to buy that cream promising fair and unblemished skin? Think again.


Food inflation needs a policy response
Hindustan TimesIndia's official numbers say that retail food inflation was 2.15% in July. These, however, could be masking ... Sample this: Arhar is now selling at Rs135 a kg in some areas of Delhi compared to Rs82 a kg in September last year. Worse, it has risen ...




Switching to diet drinks won`t make you slimmer

If you are trying to shed some extra kilos, switching to sugar-free drinks may not really help.


Beating traffic blues: Companies like Philips, Microsoft butter up employees with ease of work ideas

Cos are acting to reduce commuter stress across commercial hubs, especially in and around New Delhi, Mumbai, Hyderabad and Bengaluru...


Beer manufacturers may lose fizz as water scarcity hits Maharashtra
The powerful beer industry in Maharashtra could soon face water woes. Post a de


MissMalini.com: How Malini Agarwal has opened a new growth avenue of Bollywood fashion in lifestyle e-tail?

In India, fashion is very much linked to and influenced by Bollywood celebrities. This is something that we have focused on for a long time in our content, sa..


Snow the secret ingredient for making wine in Finland

Snow, preferably a thick layer of it, is the recipe for successful winegrowing in western Finland, at what is believed to be the world's northernmost winery.


Dell, InMobi Join Hands for an e-Commerce Platform

Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Logistics player Budget Group on expansion spree
Ties up with foreign logistics biggies to expand its reach to 11 more countries


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Sunday, July 12, 2015

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