Redmi Note 4 sets new record with 2.5 lakh phones sold in 1 flash sale

Redmi Note 4, this year’s successor to the most popular phone of 2016, has got off to an unbelievable start. The Chinese company sold a whopping 2.5 lakh (250,000) phones in the first flash sale itself, and that too in under 10 minutes. The previous record for the highest number of phones sold in a single flash sale was around 60,000, and was set by LeEco last year. What is surprising about the number is not that there were so many buyers — after all it sold millions of Note3s…

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SUSPENSE: Will Flipkart sell OnePlus 3 or not?

With minutes remaining for the planned 4 PM flash sale of heavily discounted OnePlus 3 phones, the suspense over whether Flipkart will actually go ahead with the sale or not has hit a peak. On social media, there are reports that Flipkart will actually go ahead and conduct a sale anyway. However, there are no signs of the impending flash-sale on the retailer’s website. The OnePlus3 listing that was there has still not made it back to the website even after nearly 24 hours of it being taken down. Flipkart,…

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Will OnePlus 3 from Flipkart get warranty support from manufacturer?

OnePlus 3, arguably the most successful premium phone of 2016 in India, may not get warranty support from the manufacturer if purchased from Flipkart, going by a statement by the company. The company issued a statement that seemed to suggest that Flipkart’s sale of the model is not authorized by the company. “We have an exclusive partnership with Amazon in India. We advice customers to purchase OnePlus products only through official channels as we cannot guarantee the authenticity of the products sold elsewhere,” the company said. Typically, warranty is provided to a…

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Domino’s Pizza starts cashless facility for phone orders

Domino’s Pizza has started cashless payment facility for those who order by phone as well. “Post demonetization, we have seen many customers choosing to order online. Consumers coming to our restaurants to dine in or carry out are able to pay With Credit caras or Wassets. However, there are many customers who still order with a phone. It is for these customers that we have introduced this cashless service,” said Dev Amritesh, President & Chief Business Officer, Domino’s Pizza India. Domino’s is India’s largest Pizza brand, and runs 1085 Pizza…

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LG India says Buy Now, Pay Later

LG Electronics India said select retail outlets will start offering LG home appliances at zero downpayment with the first EMI to be paid only after 60 days of purchase. The offer is applicable across various segments of LG’s consumer electronics and home appliances with Zero Down Payment and Zero Interest at select retail outlets. “Without worrying about cash crunch, this Christmas and New Year, bring home a reason to celebrate – the futuristic LG OLED TV,” the company said. The offer, being made available with the help of Bajaj Finance,…

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Shoppers Stop opens new MAC outlet in Malad, Mumbai

Retailer Shoppers Stop Ltd. said it has opened one ´M.A.C´ branded outlet at at Inorbit Mall in Malad, Mumbai. With the opening of this store the company now has 41 M.A.C stores under its operations. Shoppers Stop is an Indian retailing company promoted by the K Raheja Corp Group, started in the year 1991 with its first store in Andheri, Mumbai. The company began operating as a chain of department stores under the name “Shoppers’ Stop” in India. It has services across 35 cities in India. Shoppers Stop stores provide…

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Card payments slow as people start swiping more after Demonetization

Swiping a debit or credit card at the local grocery store or supermarket is supposed to be the best way to beat the demonetization blues, but going by social media feedback, these networks are getting overloaded as well. In fact, our own staff have found that they have had to swipe their cards 3 or 4 times for the transaction to go through. Sometimes, it doesn’t go through at all — especially in smaller shops which have only one point-of-sale or swiping machine. “It took me 10 minutes to complete…

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Razorpay introduces e-cash on delivery using UPI

Razorpay, a payment processing company, announced eCOD, a new service that lets customers pay for deliveries after the delivery is actually made. Unlike other recent offerings like Wallet on Delivery etc, Razorpay has built in support for UPI — which means that you can pay directly from your bank account without using any wallet. UPI, unlike other wallet system, deducts your money directly from your bank account. The product also supports wallets like OlaMoney, Mobikwik, PayUmoney and Freecharge. About 70% of all online transactions are estimated to take place using…

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Kerala merchant’s union strike against black-money currency move

Kerala’s merchants and traders union has asked its members to shut all shops from Tuesday to protest the Center’s decision to swap currency notes to control black money. The central government has withdrawn existing 500 and 1000 rupee notes and asked everyone holding the same to get them exchanged with new notes from their nearest banks. The move is seen as a reaction to the pinch felt by the trading class, arguably one of the worst affected by the crackdown. The reason given by the ‘Kerala Vyapari Vyavasayi Ekpana Samiti’…

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Crossword opens at Viviana Mall, Mumbai

Viviana Mall, one of the leading retail malls in Mumbai Metropolitan Region, said the bookstore Crosswors has opened its 1800 sq ft store in the mall. Crossword currently has 94 stores (50 own stores and 44 Franchised stores) spread in different cities across India. It is a wholly owned subsidiary of Shopper’s Stop Ltd. Apart from a varied variety of books, Crossword will also offer apparels, toys, gifting, music, movie, games, premium pens, stationary and toys to its customers, it said. The store will also provide the facility such as free…

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Suneel M Advani to take over as Chairman of Blue Star

Air conditioning giant Blue Star Ltd said its Vice Chairman Suneel M Advani will be elevated as the Chairman of the company from 1st December. The current Chairman Ashok M Advani who will turn 75 on November 17 will retire after 47 years of service and will be re-designated as Chairman Emeritus. Suneel M Advani is a double graduate in Electrical Engineering and Economics from MIT, USA. He also holds an LLB degree from Mumbai University. Suneel spent his entire working career in Blue Star, joining as a Management Trainee…

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Oxigen sees four-fold jump in prepaid Visa card usage

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 users have also increased by 167% which is clearly showing a trend that people are adopting new ways to make cashless transactions,” said Sunil Kulkarni, Deputy Managing Director, Oxigen Services India. Mobile Wallet app Oxigen…

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Shutters down on two Shoppers Stop, one Hypercity outlets

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 sales from outlet at Nirmal Lifestyle was Ts 1,667.90 lacs, which is 0.44% of the company’s turnover”, the company said. With these closures, the company now has 81 ´Shoppers Stop´ stores under its operations. The…

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Uflex launches pouch to extend shelf life for ghee

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, Uflex Limited said, “This is a sonically sealed spout offered to Paras Dairy for packing its Desi Ghee (clarified butter), which is currently in the process of reaching the market. Talks are on with some…

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Big Bazaar seizes the currency opportunity, keeps stores open

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 may not be able to buy provisions tomorrow, it will also create extra footfalls and revenue for the company. Under the rules announced by Prime Minister Narendra Modi at around 8 PM today, 500 and…

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Nike starts online sales in India

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 maker of sports clothing and accessories. As of now, Nike.com is offering free deliveries to India on orders worth Rs 14,000 or more. For other orders, one has to pay Rs 750 in delivery charges….

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Zensar wins Oracle deal from US catalog retailer Full Beauty

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 this reimplementation project entails a complete redesign of account charts and streamlining key financial and business processes for increased efficiency. Jeanne Franklin, Senior Vice President, Finance, FullBeauty Brands said, “For the project we chose to…

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Future Retail to pay Rs 273 cr in stock for Heritage Foods’ retail biz

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 shares to the shareholders of Heritage Foods. At the current market price of Rs 152.65, the shares are worth about Rs 273 cr. Shareholders of Heritage Foods agreed that they would share with Future Retail…

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Rajesh Exports starts second phase of retail expansion with Bangalore

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 southern states of India”, said the company. It had completed the first phase of retail launch by launching 80 Shubh Jewellers showrooms. “We had completed the first phase of 80 showrooms after which we had…

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