Infibeam Incorporation Limited, a Indian ecommerce company, said it entered into licensing agreement and joint venture with Dubai-UAE based KSK capital for offering “e-commerce solutions to merchants and consumers” in about 40 countries in Middle East & Africa. It was not clear whether Infibeam would provide the back-end software and platform for the project or […]
Amazon has kickstarted its ‘Great Indian Fesival Sale’ today morning and is offering some decent deals on mobile phones, especially smartphones, for those on the lookout for value. The most interesting offers are on the Moto range, followed by Samsung, Xiaomi and LeEco. And unlike earlier years, most of the deals this Diwali are focused […]
What do you do when your rival Amazon is holding its big holiday sale two days ahead of you? If you’re Flipkart, you make sure that your customers know what’s in store for them if they wait. According to clues we’ve picked up from the social media and other promotions, Flipkart will offer some hefty […]
Flipkart, one of India’s top online shopping sites, has warned users not to click on suspicious links or otherwise give credence to purported offers from the website seen on social media platforms. “With the Flipkart Big Billion Days just round the corner, a host of fake offers and discounts are being offered on various fraudulent […]
Nandan Denim Limited (NDL), a Gujarat- based fabric manufacturer, said it is planning to issue 50 lakh convertible warrants to foreign investors at Rs 200 each, aggregating to Rs 100 cr. “The company will be issuing 25 lakh fully convertible warrants each to Foreign Portfolio Investors, LTS Investment Fund Ltd and LGOF Global Opportunities Ltd […]
Mahindra & Mahindra´s agri solutions company Mahindra Univeg Pvt Ltd. said it has invested in Merakisan PVt. Ltd., an agri e-commerce start-up. Mahindra Univeg Pvt Ltd. is a 60:40 joint venture between Mahindra Agri Solutions Ltd. and and Belgium based Univeg (Greenyard Foods). It focuses on developing fresh fruit supply chain in India and imports […]
Clocking a compounded annual growth rate (CAGR) of about 16 per cent, the packaged food market in India is expected to have crossed $51.5 million (mn) mark in 2015 as against $25 million in 2010, noted a recent ASSOCHAM-TechSci Research joint study. “In wake of the increasing disposable incomes and growing number of nuclear families, […]
Café Coffee Day (CCD), India’s leading youth aggregator has tied up with leading and ‘neutral’ Wi-Fi service provider O-Zone Networks to provide free Wi-Fi access to customers at its cafes in select cities across the country. CCD will now provide high-speed connectivity to its tech-driven customers through a dedicated leased line at its cafes, the […]
Palred Online Technology said its wholesale ecommerce platform under the LatestOne.com platform has got off to a successful start. The platform — which aims to supply equipment sourced from China and other countries directly to shops, distributors and retailers — is processing 4,000 orders per day, the company said. The wholesale operation was started about a […]
India’s leading e-commerce marketplace, Flipkart has emerged as India’s most preferred e-commerce platform, the company said quoting “E-tailing Leadership Index” of research firm RedSeer Consulting. “With an overall score of 95, Flipkart has been ranked ahead of players like Amazon (87), Snapdeal (66), Paytm (65) and Shopclues (59), in the second edition of the survey […]
Samsung’s fitness devices — Gear Fit2 fitness band and Gear IconX smart headphone — are now available for pre-order on Flipkart. The devices were unveiled in India earlier this month and are priced in the Rs 13,490-13,990 range. The Gear Fit2 band is priced at Rs 13,990 and comes in black, blue and pink colours […]
Future Retail, one of the leading retail chains in India, has increased its retail floor space by 3 lakh square feet to 1.3 cr square feet during the April-June quarter this year, said the company. The company has increased its floor spaces in nine cities which includes Hyderabad, Pune, Mumbai, Indore, Nellore, Gaya and Keonjhar. […]
Dabur India announced a 1.2% growth in revenue to 1,923 cr from 1,901 for the April-June period as compared to the same period for the previous year, possibly due to reduced sales promotional activities. The sales promotion expenditure came down by 12.5% to Rs 196.5 cr from 224.7 cr. The reduced expenditure in advertisements seems to […]
Online shopping site Myntra.com distanced itself from a controversial poster of Lord Krishna showing him ordering clothes from the retailer as Draupadi was being disrobed. Taking off from the Mahabharata epic, the poster depcits Krishna searching for ‘extra long sarees’ as Dushasana peels off Draupadi’s clothes. According to the epic, Draupadi was pawned by her husbands […]
Tata Consultancy Services, a leading IT company from India, today announced a new software that enables retailers to gauge customer behaviour data from sensors placed in retail stores that can measure and analyse their movements and buying behaviour, said the company. This can help the retailers understand and deliver a personalised experience to their customers […]
Aditya Birla Fashion & Retail said it was not directly linked to the reported merger between Aditya Birla Group’s More supermarkets and Future Retail’s Big Bazaar. The company was responding to a question by the stock exchanges after its stock rose in response to a report in the Economic Times that the two retail chains […]
The NSE today has sought clarification from Aditya Birla Fashion and Retail (ABRL) on whether any negotiations for merger has taken place with Kishore Biyani’s Future Group. The exhange’s request for clarification has come after a report in the Economic Times. The report said that Biyani’s Future Group was in early discussion with ABRL to […]
eBay India, a leading online marketplace and shopping destination, has launched a one week campaign by giving 60% off on products in the clothing and accessories category, celebrating World Fashion Day on Aug 21. Consumers can style up their fashion and enjoy the deal with a wide range of products across the clothing and accessories […]
The Centre requested states to crack down on hoarders of essential commodities ahead of the festival season, and if necessary, create a special police department for the purpose. As of now, only Tamil Nadu has a special police department dedicated to prevention of hoarding and other price manipulation of essential commodities. At a meeting held […]
Jyothy Laboratories said profit increased by 78.2% in the Apr-June quarter to Rs. 45.9 crore, helped by lower commodity prices. Sales were up by 8.9% from Rs 403.9 crore compared with the same period last year. He further added that good monsoon across most of the country will see a revival of demand in consumer goods. […]
