Some of the gains made by the e-commerce sector during the COVID-19 lockdown is permanent and retailing will never be the same again even after the pandemic, said Sanjiv Mehta, chairman and managing director of Hindustan Unilever Ltd. As India’s largest supplier of consumer goods, HUL has a lot at stake in health and longevity […]
GTPL Hathway, one of India’s top cable TV and cable internet providers, indicated it was not overly worried about telecom players like Bharti Airtel luring away its local cable operator partners under their new LCO partnership strategy. Bharti Airtel had announced some weeks ago that it plans to authorize local cable operators (LCOs) to resell […]
Reliance Jio’s wired connectivity service, called Jio Fiber, has finally achieved what many thought was impossible — break the two-decade long declining trend in the number of wired phone connections in India. The number of wire-line connections in India started declining around two decades ago as mobile call tariffs fell sharply, spurring BSNL customers to […]
India’s communication ministry today said that there was no possibility of an operator being asked to pay the dues of another operator simply because it has entered into a spectrum sharing agreement with the other. This was clarified by Minister of State Sanjay Dhotre in reply to a question by MP K Subbarayan on whether […]
Lakhs of COVID-19 frontline staff may have been caught on Delhi Police’s traffic violator’s database during the nationwide lock-down from late March to May. According to the Union Home Ministry, Delhi Traffic Police issued around 14.5 lakh (1.45 million) electronic traffic tickets between March 25 to May 31 via its system of automatic road cameras […]
More than 18,000 jobs have been lost in India’s aviation sector over a four month period due to the COVID-19 pandemic, civil aviation minister Hardeep Singh Puri said today. The biggest loss was among ground handling crews, with 8,466 people losing their jobs in this segment. The total number of ground handling crew, who are […]
Even as evening TV viewership has fallen back to its pre-COVID levels after the COVID-19 lockdown, overall TV viewership continues to remain elevated due to higher levels of daytime consumption in the era of work-from-home. According to numbers disclosed by Sunil Lulla, CEO of TV viewership measurement agency BARC, TV viewership in India has gone […]
Over the past three years, smartphone displays in India and the world have undergone a major transformation: While two years ago, nearly all of them were based on the 16:9 aspect ratio, today the sweet spot has shifted to 20:9. This is the result of the race to remove the bezels to make the phone […]
As Vodafone Idea unveils a new brand identity, the financial troubles facing the company has as thrown into question the very future of the Indian telecom operator. There has been speculation that American telco Verizon or online retail giant Amazon may infuse money into the operator, but such rumors have been quashed by the Indian […]
The Direct to Home (DTH) satellite broadcasting service has emerged as perhaps the only segment that has seen a clear benefit from the COVID-19 lock-down, with all three listed players seeing an increase in their customer revenue during the lock-down. The biggest jump in revenue was reported by Airtel Digital, which saw its revenue jump […]
Arvind Ltd, one of India’s biggest textile and garment manufactures, said its business revenue was down about 37% in August compared to the previous year due to the impact of the Coronavirus lockdown and it expects domestic market to remain subdued till early 2021. Revenue in August was at Rs 414 cr in August, compared […]
Department store chain Shoppers Stop, the pioneer of organized retail in India and one of the country’s largest retailers of fashion and beauty products, will connect its individual stores to its Amazon shopfront by next month as part of its omni-channel strategy. It also said it would focus on Tier 2 and Tier 3 towns […]
Reliance Jio, which started wired broadband operations in September last year, has started speeding up the roll-out of its Jio Fiber service after an initial slow-down. The company started the service with around 8 lakh connections as of October end, most of which were converts from its trial service. Over the next two months, it […]
One of the remarkable aspects of post-lockdown two-wheeler sales in India has been the surge seen in the numbers of Hero MotoCorp, India’s largest motorcycle maker. While sales trends were largely depressed for rivals Honda (down 37% in July), Bajaj Auto (down 23%), TVS (-16%) and Royal Enfield (-23%), Hero — despite its massive market […]
Sun TV Network, one of India’s largest home-grown broadcasting companies, said it will redraw at its investment plans for SUN NXT over the next three months in light of the app’s performance and the company’s cash flow. The company had, a year ago, announced that it will invest Rs 150 cr over 18 months to […]
Prestige Estates Projects Ltd, which operates nine malls including The Forum Mall in Bangalore, said footfalls are down 75%-80% at malls due to the COVID-19 pandemic. Speaking to investors after detailing the company’s June quarter results last week, company officials also said they were seeing signs of stress among customers of residential properties, even though […]
D-Mart, India’s most famous deep discount retail chain, said it is working on expanding its footprint beyond its current footprint of 214 locations, but the ongoing COVID-19 will impact the number of new stores that will be opened this year. The company, which started with just two stores in Mumbai in 2002-03, expanded to 214 […]
Godrej Properties, the fastest growing of India’s real estate majors, saw a surge of NRI (non-resident Indian) customers as well as a huge pick-up online sales during the COVID-19 lock-down. Despite a harsh lock-down in place in India during most of the Apr-Jun quarter, the company managed to sell a whopping 2,130 homes during the […]
D-Mart, arguably India’s most successful low-cost retailer, may be looking at a multi-city e-commerce launch in coming days, after years of avoiding the sector citing the gruesome economics of online retail in India. Avenue Supermarkets, or D-Mart as most people would know it, is known for its fanatic focus on keeping costs down and its […]
Matrimony.com, one of the largest matchmaking companies in the world, said it continue to offer discounts and special pricing to attract new internet users who are coming online via the 4G wireless data revolution. The company, which operates the Bharat Matrimony website and others, has typically charged several thousand rupees for its paid membership. Only […]
