Wary of shopping

Despite the number of Indian online shoppers making cross-border transactions growing 85 per cent, there was just a marginal growth of 1.6 per cent in total spend in 2016 over the previous year. The average spend by the customers drastically fell last year, according to the Annual Global Cross-Border Consumer Research 2016 done by PayPal and Ipsos.

Moonbow plans big to be among top purifier brands

Hindustan Sanitaryware & Industries, which has entered the water and air purifiers market under the brand Moonbow, is planning to set up its own factory in the country.
Aiming to be among the top three players, the company is aggressively strategising to capture 12-13 per cent market share and target a sales turnover of Rs 500 crore from water purifiers business and Rs 120 crore from air purifiers over the next three years.

Universal Udyog on an expansion mode

Kolkata headquartered Universal Udyog Ltd, manufacturers of Universal brand of edible oil is on an expansion mode. The company is in the process of shelling out nearly Rs 130 crore over the next 18 months or so to ramp up its capacity, put up new plants and roll out new products. Going by the plans envisaged by the company, once all its expansion plans are executed, the company is expecting to take its turnover to Rs 100 crore by the end of 2017, which would be a four times jumpo, said Binay Singh, chairman of Universal Udyog Ltd.

BMW names new India head

Vikram Pawah, 45, has been appointed the president of BMW Group India, effective from 1 March. Pawah brings over 25 years of international experience both in the automotive and non-automotive industry. He started his career at Jay Engineering Works, India and has held multiple leadership positions within Honda Cars in India and Australia. Most recently, he was the managing director of Harley-Davidson India.

Mercedes-Benz wins Indian luxury car race despite SC red flag

India’s biggest German luxury carmaker Mercedes Benz, has retained its leadership position in the country for the second year in a row by retailing 13,231 cars in the calendar year December 2016 despite marginal fall in sales.
This is the first time Mercedes-Benz recorded its first decline in sales in five years, hurt badly by the Supreme Court imposed eight-month ban on sales of diesel cars having more than 2-litre engines in Delhi-NCR belt on concerns over pollution.

ROI-Driven Marketing for B2B

The small and medium business (SME) sector offers significant growth opportunities, and marketing to this large segment of business in India makes sound sense for growth. Although many companies of local and international origin have positioned their products and services for the SME sector, many still have not been able to make a mark in a significant way. SAP, Oracle, Microsoft, IBM….you name it, they are all targeting the SME segment, if you just take IT sector companies alone. Perhaps Amazon is making more inroads into this sector disrupting established players’ business models.

Tractors see robust growth

The tractor industry in India, Asia’s third biggest economy, has witnessed a robust growth in volumes in the current fiscal with farm sentiments buoyed by reasonable rabi crop production during April-May, healthy monsoons as well as government support programmes.
The tractor industry has always been a barometer for the state of rural economy in India. Healthy monsoons supported improved kharif sowing as well as production (as per first advanced estimates) besides replenishing the reservoir water pan India, paving way for good winter crop.

Flipkart recasts top deck, Kalyan becomes CEO

E-commerce major Flipkart has elevated former Tiger Glogal Management executive Kalyan Krishnamoorthy (in pic) as its chief executive officer (CEO), replacing co-founder Binny Bansal. Bansal will be the new Group CEO while co-founder Sachin Bansal will continue as the executive chairman.
This is the second major shake-up within the company, which did not spare the founders. In January last year, Binny Bansal was made the chief CEO, replacing Sachin Bansal.

Cars to watch for at the Detroit Auto Show

Last year was a good one for global carmakers. In the week before the North American International Auto Show that will start on Monday in Detroit, Audi, McLaren, Mercedes, Jaguar, and Land Rover, among others, announced record-breaking sales numbers for December and predicted new highs for 2016. Some, like Ford, held steady in certain segments; the company’s F-Series finished its 35th straight year as the bestselling vehicle in the US.

Bollywood veteran Om Puri dies of heart attack

Veteran actor Om Puri, known for his unforgettable performances in cinema classics like "Ardh Satya", "Aakrosh" and "City of Joy", passed away at his residence here this morning after a massive heart attack.

The 66-year-old actor is survived by estranged wife Nandita and son Ishsan. "I am in shock right now. It's unbelievable. He passed away around 6-6.30 AM. He was lying on the kitchen floor," Nandita told PTI.

"I can't talk now. I am at Cooper hospital for the postmortem," she further said.