Big Bazaar and FBB has already uplifted their promotion and ad spends. The ad budget is said to have increased by Rs. 100 crore over the last year. The firm has almost doubled its adex for the two retail chain over the last year.
World's gigantic smartphone makers Xiaomi and Alibaba Group Holding Ltd's finance wing Ant Financial, later this Thursday announced a new joint venture to develop a mobile payment system using wearable technologies, a first for China's major tech firms.
AppsDaily Solutions Pvt. Ltd, the Mumbai-based mobile application development and distribution company, has raised funds close to Rs. 100 crore ($16 million) in a series C round of funding led by Zodius Capital.
Joining the party of India's blue chip business tycoons, the Burman Family Office, is increasing its pace of investment by investing Rs 250-300 crores across asset classes and stages in this financial year.
The Alibaba Group from China and an Indian mobile and analytics solutions company, Globals from Bengaluru, together intend to begin a startup incubator that will focus on mobile Internet and mobile commerce.
Ever since the Union Budget levied hefty increase in excise duty on cigarettes, ITC's stocks have been hampered affecting its core tobacco business and thus the company is thinking of separating its main business from other businesses.
Sensing the need to regularise direct selling, FICCI has urged the government to provide clarity. Shilpa Gupta, Head - Retail, FMCG, Luxury Gems & Jewellery, Direct Selling, FICCI, shares her views about the potential of this multi-level marketing model a
Xander Group's Virtuous Retail is on the lookout for strategic investors into its retail realty asset platform. Xander has already invested over Rs 2,000 crore into this venture, and it has 3 years before it expires in May 2018.