With the online grocery market set to become active with the entry of Walmart, existing players like Grofers are becoming aggressive in terms of offerings. Grofers has launched five new private label brands that cover large range of FMCG products. With the launch of these brands, the company aims to double the revenue from private label products to 50 per cent this year and 70 per cent in the next three years.
The biggest missing piece in India’s startup story is the lack of communication and inadequate connect between industry and academia. The deadlock between these two will hurt the country’s tech startup ecosystem, which is the third largest in the world, Nasscom, cautions industry apex body.
Xiaomi Corp made a weak debut in Hong Kong on Monday, with the Chinese smartphone maker’s shares sliding as much as 6 per cent on valuation concerns, in an ominous sign for its technology sector peers lining up listings in the city. A packed initial public offering (IPO) calendar in the coming months will include a $4 billion deal from online food delivery-to-ticketing services platform Meituan Dianping and an up to $10 billion IPO from China Tower, the world’s largest mobile tower operator.
The luxury car market in India is stabilising after the shock of Goods and Service Tax (GST) and a hike in cess on the luxury cars in the country last year.
Significantly, three of the top five luxury car brands posted double digits growth in the first six months, January—June period (H1).
Tata Global Beverages Ltd (TGBL) will now focus on extension and scaling up its product lines – bringing in new products, said N Chandrasekaran, chairman, TGBL. “The focus of the company going forward will be to try and scale specific platforms and operations and also capture the growth in the Indian market. Even though in volume term, we continue to be number one in the Indian market, we can't say the same in value terms.
To make further inroads into the intensely competitive Indian telecom market, billionaire Mukesh Ambani on Thursday annou-nced ‘JioPhone Monsoon Hungama’, offering to replace old feature phone with JioPhone for just Rs 501.
Speaking at the 41st annual general meeting of Reliance Industries, Ambani also outlined a target of garnering 100 million JioPhone users in the “shortest possible time”.
He also announced added capabilities and functionalities for JioPhone, an internet-enabled feature phone that offers 4G connectivity.
Volvo, the Swedish luxury car maker, on Wednesday introduced the much anticipated Volvo XC40, its smallest sports utility vehicle to take on rival and market leader Mercedes-Benz, BMW, Audi and Jaguar Land Rover and to boost sales in Asia’s third biggest car mart.
With an aggressive introductory price of Rs 39.90 lakh at pan India, Volvo XC40 competes with the likes of the Mercedes-Benz GLA, Audi Q3, and the BMW X1 in the growing 40,000 units per year Indian luxury car market.
BSE-listed Salzer Electronics Ltd, a leading player offering total and customised electrical solutions – switchgears, wires & cables and energy management business, seems well set to acquire two overseas companies – Advanced ID Asia Engineering Co Ltd, Thailand and United Marketing and Trading Ltd, Hong Kong.
Masterpiece London is underway on the lawns of the Royal Hospital Chelsea till July 4. DAG, formerly known as Delhi Art Gallery, is showcasing 11 hand-picked works by Jamini Roy, Krishen Khanna, Tyeb Mehta, Rameshwar Broota, GR Santosh, MF Hussain, Ram Kumar, Shanti Dave, FN Souza, Bikash Bhattacharjee and Rabin Mondal. The paintings straddle the period from the 1940s to the 1980s - when Indian modern art was at its zenith.
The idea is to raise curtain over a narrative on Indian modern art during 20th century.
He worked with and spearheaded operations at two of the top ‘Big Four’ brands and now he is up to creating a ‘truly transnational consulting brand’ born out of Kolkata. Intueri Consulting LLP, the fledgling consulting firm floated by Ambarish Dasgupta, former India Head of management consultancy practices of PricewaterhouseCoopers and KPMG (in two different stints), promises to walk an extra mile with its clients and offer special attention on the basis of ‘deep research’. “That’s how we would like to position our brand- Intueri.