Oxigen, one of India’s oldest wallet payment system, said the load value on Oxigen Wallet prepaid visa cards have increased by 4 times in the last two days. It said people seem to be switching to prepaid cards to make payments in the wake of demonetization of high-denomination currency notes. “The daily average number of […]
Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability. “The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of the company’s turnover and the […]
FMCG company Uflex said it launched new pouche for liquids like ghee or clarified butter for long shelf life. The pouch with sonically sealed spout has been offered to Paras Dairy for packing it’s ghee. Uflex, founded in 1983, is India’s largest end-to-end flexible packaging company. Jeevaraj Pillai, Joint President, Packaging and New Product Development, […]
Future Group has decided to keep its Big Bazaar supermarket open till midnight today. “We are getting a lot of enquiries from customers… so we’ve decided to keep it open till about 11:50 PM,” Kishore Biyani, chairman of Future Group told the media. Though it is being portrayed as a measure of convenience for customers who […]
US sports goods manufacturer Nike has started online retail operations in India via its portal Nike.com. India-based users can now order from the global portal and have it home delivered. Earlier, only certain markets such as Australia, Hong Kong and Indonesia were being served by the online division of the company, arguably the world’s biggest […]
IT services provider ZenSar Technologies said it won a contract to implement Oracle Applications Release 12 to tranform the financial and procurement processes of e-commerce and catalog retailer Full Beauty Brands . FullBeauty Brands is a leading American plus-size women’s and men’s apparel and home goods company having eight proprietary brands. The key objective of […]
Heritage Foods Ltd said it agreed to sell its food retail business to Future Retail Ltd in return for shares in the Kishore Biyani firm. The businesses covered by the deal are grocery and food retail, agricultural sourcing, processing and marketing, and bakery. As part of the deal, Future Retail will issue about 1.80 cr […]
Gold Jewellery exporter, Rajesh Exports Ltd said it launched its 81st retail showroom under it’s brand name ´Shubh Jewellers´ at Bangalore. “With this launch the company has launched it’s second phase of retail expansion. The company in the second phase of retail expansion has finalized plans to launch series of retail showrooms in the four […]
Value retailer V2 Retail Ltd. said it has opened a new retail store at Sitamarhi, Bihar. By this launch V2 retail currently has 32 operational retail stores across the country. V2 Retail Limited is a retail company in India. It offers more than 70,000 products including ready made, apparels, household merchandise and other consumer goods […]
As the festive season is approaching many brands and online sites are offering huge discount sales and gifts on products to attract consumers in a wide range. And adding more color and to capture each moment of happiness FujiFilm India Pvt Ltd has introduced its new and exciting offers on its popular Instax Mini 8 […]
Cognizant said that it has entered into a partnership with Future Group, an Indian multi-brand retailer, to transform its consumer goods business, Future Consumer Limited (FCL), into a connected enterprise. “In an era where data, insights and supply chain intelligence are crucial ingredients for turning success into market leadership, Cognizant’s technology, business process, platform and […]
Dabur India Ltd’s beauty retail venture, NewU said it was bringing the make-up and beauty brand — Jaquline USA — to India. The new brand Jaquline USA will feature a range of make-up & beauty products. “NewU is the first Indian company to enter the Nail Care and Styling market with a range of products. […]
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 […]
