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. […]
Noble Skiodo TV — which has attracted attention with its ultra-cheap prices, has launched its biggest model in India: a 65-inch Full HD Android TV priced at Rs 85,000. At present, 65-inch TVs are the domain of big brands such as Samsung, LG, Sony and more recently, LeEco. However, these models cost above Rs 1 […]
Tata group’s multi-brand phygital ecommerce platform, Tata CLiQ announced a seven-day independence sales, offering items such as LED TVs and smartphones for as little as Rs 70. Consumers will get 70 great deals spread over a period of 7 days for everyone with special offers on electronics from 8th to 10th August and handsome discounts […]
Government of India stepped into a new era of procurement today with the inauguration of its e-Marketplace. It will now be possible for government officials to buy common use items in 26 categories like computers, office equipment, stationery, via the portal. Apart from goods, the system also allows for requisitioning services, such as engaging a […]
Lenovo said it will launch two new phones today, catching everyone by surprise as the company was expected to reveal only the K5 Note today. K5 Note is the third in the K5 series. The phone is priced at Rs 11,999 for the 3 GB version and Rs 13,499 for the 4 GB variant. The […]
Amazon has brought ‘premium membership’ program Prime to India at an inaugural price of Rs 499 per year. It is also offering a two-month free trial period. While the main selling point of the program is cheaper and faster shipping, it also comes with a unique advantage in India — if you are a Prime […]
SSG Capital Management Group is investing up to Rs 580 cr to acquire 40% stake in Future Supply Chain Solutions Ltd (FSC) from the existing shareholders of the company at a valuation of up to Rs 1,450 cr. This will include 14% stake to be acquired from Future Retail Ltd (FRL) and the management team […]
Flipkart today announced the acquisition of PhonePe, a Bangalore based mobile payments company. Co-founded by ex-Flipkart employees Sameer Nigam and Rahul Chari, PhonePe is building India’s first Unified Payments Interface (UPI) based product. UPI, planned to go live in the April, will allow users to transact using their unique identification and mobile phone number or […]
The number of people shopping online is expected to rise to 8 cr (80 mln) this year from 5.5 cr in 2015 with better infrastructure in terms of logistics, broadband and Internet-ready devices, according to an ASSOCHAM-PwC study. The overall e-commerce industry, valued at $25 billion at present has been growing at a compounded annual […]
