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Friday, September 18, 2015

Sep 18, 2015 - Nils Chrestin to run the show at Jabong as founders Arun and Praveen move out

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Jugnoo buys older start-ups to take on Ola and Uber; acquires both Bistro Offers and Yelo for $1 million in cash and stock - Business Standard
India's Jugnoo, a ten-month-old start-up that has apps for both auto rickshaw rides and food delivery, announced it acquired Bistro Offers, a restaurant discovery app and Yelo, a services marketplace. The deal size of both the start-ups combined is said to be worth $1 million in cash and stock.


SABMiller Gets Takeover Approach From Anheuser-Busch InBev

Anheuser-Busch InBev launched an effort to take over SABMiller PLC, a bold move that, if successful, would create a brewing giant that would dominate much of the global beer market.


Nils Chrestin to run the show at Jabong as founders Arun and Praveen move out

Nils Chrestin, of Global Fashion Group, is running the show at Jabong as its CEO Arun Chandra Mohan has quit and MD Praveen Sinha is on his way out.


Instant coffee makers import raw coffee as prices rise here

Prices of Indian green coffee of both varieties ­ Arabica and Robusta ­are about 10% higher than global prices. So exporters are importing raw coffee.


E-commerce bubble will burst soon, says former Network18 MD Raghav Bahl

The e-commerce bubble is likely to burst sooner than later as businesses run on profits and not on ideas, former MD of Network18 Raghav Bahl says.


RB's Global CEO on How the Brand Rode 'Swachh Bharat's Popularity in India

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


E-commerce creating smaller businesses: Kishore Biyani

Speaking about the current regulatory environment at the India Retail Forum (IRF) here, Biyani expressed disappointment over ever-increasing number of permits for doing business.


For India's Largest Online Lingerie Retailer, Privacy Pays

Zivame is one of several online retailers cashing in on the awkwardness many middle-class women feel buying underwear in public.


85 per cent of Indian e-commerce firms are over-valued including Flipkart, Snapdeal, says Vinod Khosla

Flipkart, the country's largest e-commerce company, is valued at $15.5 bn, while its rival, Snapdeal, is valued at nearly $5 bn


Dabur walks the baby talk

Homegrown FMCG major takes on MNC giants as it floats a new sub brand for baby care products


Consumer goods prices likely to rise in October as imports get costlier

Prices of consumer goods are set to go up 2-5 per cent in October as the weakening rupee has pushed up the cost of imported components in such electronic items.


Shree Renuka Sugars to merge UAE-based arm with itself

The amalgamation has been approved with a view to optimise the synergies of both the companies and strengthen the balance sheet of Shree Renuka Sugars.


Amitabh Bachchan, Kangana Ranaut feature in new BoroPlus TV ad

The brand has previously been endorsed by Bollywood celebrities such as Kareena Kapoor Khan, Sonakshi Sinha and Bipasha Basu.


Government to look into retailer's concern on priority basis

- The close-door meeting that took place at the sidelines of the India Retail Forum (IRF).


Sachin Bansal and Binny Bansal along with some others investors invest $3,50,000 in real estate start-up 'Plabro Networks'

Sol Primero, Outbox Ventures and angel investor Sangram Singh are others who along with Bansals invest $350,000 in the platform


Assam Government lifts ban on Wai-Wai noodles

The products were banned in June after samples of the products were found unsafe as they contained Mono Sodium Glutamate (MSG).


Walmart's mobile chief just joined PepsiCo to lead its new e-commerce push

Walmart's head of mobile and digital has joined PepsiCo to lead a big e-commerce push for the maker of Doritos potato chips and Pepsi-Cola. Gibu Thomas, who helped to drag Walmart into the digital age and spearheaded the launch of its Silicon Valley tech shop @WalmartLabs, quietly left the mega-retailer and started at PepsiCo this month, a PepsiCo spokesman confirmed to Quartz. Thomas didn't...


Big family businesses like Reliance, Birla showing more interest in startups in the digital space

Big Indian family business houses are now busy chalking out and implementing strategies to join the digital economy and get leverage from the ongoing startup ..


Assam government bans lentils from R S Triveni Foods Pvt Ltd

Assam government has prohibited storage, distribution and sale of Masur Dal (lentil) manufactured and packed by R S Triveni Foods Pvt Ltd.


Indiamart, an online marketplace for small and medium enterprises, aiming to generate Rs 2,000 crore in revenue by 2020

“Our SME business is growing at 50% every year but, I think, over a period of time, big businesses will start catering big time to our revenue.”..


Ikea scouts for sourcing partners in India

Swedish furniture retailer, Ikea is scouting for partners to source products for its stores in India and outside, as the company seeks to double its sourcing from the country by 2020.


Compete with yourself, not others: Precious lessons from ITC's Yogi Deveshwar

- Though he is mostly travelling for work or taking important reviews in his headquarters at Virginia House in Kolkata, golf offers that rare self-indulgence. This is where he competes with himself, not with others.


DIPP receives eight single brand proposals to open stores in India

IndianRetailer.comThe Department of Industrial Policy and Promotion (DIPP) has received eight proposals from global brands including Skechers, Kiko International, Ryohin Keikaku, Nike, Adidas and Swarovski to open stores in India through single-brand retail that allows ...




Ban on energy drinks forces makers to go for a remix

Food regulator against ginseng being used with caffeine in such beverages


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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...


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.


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.


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


"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 »




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


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.


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


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%


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


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..


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