Flipkart-Snapdeal merger talks on

Softbank’s mounting losses in Snapdeal is not going to negatively impact the Flipkart-Snapdeal merger. The merger talks are still on though the Wednesday’s meeting did not happen.
Softbank has been reporting losses in Snapdeal for the past few quarters as part of its obligation to do so as a listed entity.
In the January quarter it had reported a loss of $475 million. Due to the losses, Softbank has stopped funding Snapdeal in the current form. It also started brokering the Snapdeal-Flipkart merger deal to salvage the investments in the company.

Renault Duster without airbags fails crash test

French automobile giant Renault’s popular SUV Duster’s base model sold in India has failed the crash test conducted by Global New Car Assessment Programme (Global NCAP). When tested for head-on collision at 64 kmph, the Duster was found unsafe for an adult sitting in the front and scored a poor two stars for a child seated in the back. Five-star is the highest rating the consumer safety testing body gives to cars.

Qatar Airways offers tickets at 50% discount

Hit by Trump administrations’ restriction on carrying mobiles and laptops on US-bound flights from various Gulf countries, Qatar Airways has offered a 50 per cent discount on business class tickets to woo passengers flying via its Doha hub.

Carlson Noida gets Radisson brand

Carlson Rezidor Hotel Group upgraded and rebranded its existing Noida Sector 55 property to Radisson. Radisson Noida had been operating under the banner of Park Plaza since 2008.
According to the company, the rebranded property will enjoy a plethora of benefits for its strategic location.
“Delhi NCR is a key market for us and Noida remains a promising destination backed by thriving corporates,” said Raj Rana, CEO, South Asia at Carlson Rezidor Hotel Group. Raj has been with the company since 1991 and has served key positions in Europe and the US.

Snapdeal-Flipkart merger likely today as Nexus almost on board

Snapdeal-Flipkart merger could well be officially announced on Wednesday. Nexus Venture Partners, one of the early investors in Snapdeal, has nearly agreed to end the impasse with regard to the merger. Though a few more details are to be ironed out, a formal agreement is most likely to be made in the coming days if not on Wednesday, sources privy to the development said.

This high-tech speaker proves that everything old is new again

“There is no such thing as ‘high fidelity,’” said the late audio pioneer Paul Klipsch. “Either you’ve got fidelity, or you’ve got infidelity.” It’s a quote that illustrates the core philosophy of Klipsch’s eponymous Indiana-based speaker company, which has remained in the vanguard of home audio for more than 70 years.

CashKaro, Yes Bank Launch Card-Linked Offers

Cashback and coupons player announced partnership with Yes Bank, to launch cashback Card Linked Offers (CLO).
Rohan Bhargava, Co-founder, says, “We are thrilled to have this opportunity to change the savings experience of millions, especially as CLOs will enable customers to save on both online and offline purchases. Card Linked Offers enable customers to earn cashback in a seamless manner that reflects into their bank accounts instantly.”

Western shoppers are fuelling a bounce in Made-in-Asia goods

Sanjay Janghala walks across a humming factory floor as employees of Orient Craft Ltd stitch together women’s blouses and embroidered dresses.
“That’s for Ann Taylor, that’s for Gap,” said Janghala, the factory head, before stopping to pick up a white dress. “This is for J Crew. This is all value added. This is all cut by hand.”

Sales pitch: Innovation, pricing, Ramdev ads & swadeshi

Patanjali, according to many FMCG experts and brand gurus, has been a runaway success and played a pivotal role in the success of ayurveda products. The company has forced rivals – both domestic and MNCs – to include ayurveda/naturals as an integral part of their portfolio.


The emergence of Patanjali as an FMCG trailblazer has coincided with a diminution of the customer base of many of its rivals among whom count big multinationals and desi giants.
Financial Chronicle flips through research reports of equity brokerage firms and banks to analyse the trend and road ahead for Patanjali. Last week, Baba Ramdev, the main pillar of the group, and Acharya Balkrishan, the CEO, announced a turnover of Rs 10,561 crore for the year-ended March 31, 2017, placing it only second to Hindustan Unilever (HUL), among FMCG companies operating in India.