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Havells posts Q1 net profit at Rs 210 cr
Havells posts Q1 net profit at Rs 210 cr

 Consumer electrical goods maker Havells India reported a standalone net profit at Rs 210.40 crore for the first quarter ended June 30, 2018 of this fiscal. The company had posted a net profit at Rs 121.38 crore during the April-June quarter of the previous fiscal, Havells India said in a regulatory filing.  Total income

July 21, 2018  |  comments ( 0 )  | 

Bata India reports 37% rise in Q1 2018-19 Net profit to Rs 82.6 crore
Bata India reports 37% rise in Q1

Bata India, the largest footwear retailer in India, reported Rs. 797.3 crore in Net Sales for its first quarter ended June 30, 2018, on the back of its high-decibel ‘Come & Be Surprised’ campaign featuring Kriti Sanon to mark the launch of its New Red Label collection. The number is not comparable to previous period because of introduction of GST from July 2017.  It proved to be an exciting quarter with a slew of

July 21, 2018  |  comments ( 0 )  | 

Canon India expands retail footprint in Mumbai
Canon India expands retail footprint in

Canon India has further expanded its retail outreach with the inauguration of its 254thCanon Image Square at Ambedkar Road, Khar (West), Mumbai. The store was launched today by Eddie Udagawa, Vice President of Consumer Imaging and Information Centre, Canon India.  Canon Image Square (CIS) are experiential storeswhere customers can have complete hands on experience of the products before they buy a product. These stores provide

July 21, 2018  |  comments ( 0 )  | 

Bajaj Electricals is expecting a growth of over 25% in Lighting segment
Bajaj Electricals is expecting a growth

Bajaj Electricals Ltd., India’s leading player in consumer durables, fans, lighting and engineering projects company, hosted the second edition of ‘.nxt upgrade’ show today in Delhi under the theme “Smart Indoors & Connected Outdoors”. The day-long event was hosted in Hyatt Regency, Delhi, which was marked with the presence of leading Architects, Consultants, Specifiers, City Managers, High level Government

July 21, 2018  |  comments ( 0 )  | 

Flipkart and Hotstar come together to announce a new ad platform
Flipkart and Hotstar come together to

New Delhi: In a first of its kind partnership in the industry, Flipkart, India’s leading e-commerce platform, and Hotstar, India’s leading streaming platform today has announced the launch of Shopper Audience Network, Flipkart’s new ads platform that allows brands to connect with customers through personalised TrueIntent video ads on Hotstar, Flipkart said this today in a statement. Developed by Flipkart, Shopper Audience

July 20, 2018  |  comments ( 0 )  | 

Yaantra sells 500k refurbished smartphones
Yaantra sells 500k refurbished

New Delhi: Yaantra, an online marketplace for repair, refurb and resale of smartphones said it has registered a new high as it sold 500,000 units of refurbished smartphones in two year from its platform. The platform was founded by Jayant Jha, Ankit Saraf and Anmol Gupta in 2013. Yaantra started with an annual track of repair & refurb of approximately 8000 smart phones. According to the company, with a significant presence in all major

July 19, 2018  |  comments ( 0 )  | 

V Mart embraces PeopleStrong Alt to empower digital HR
V Mart embraces PeopleStrong Alt to

New Delhi: Value retailer V Mart has announced its move to adopt machine learning and mobile for providing its employees an exceptional experience at work with PeopleStrong, India’s HR Technology Company. With this move, V Mart will be able to provide a unified employee experience from On-boarding to exit to all its employees – be it a retail front line workforce or the business teams in the corporate office, the company said this

July 19, 2018  |  comments ( 0 )  | 

Amazon Prime Days register 35% surge from small towns
Amazon Prime Days register 35% surge

Leading e-commerce company Amazon India has garnered more than 35% of new members from tier-II during its recently concluded Prime Day sale this week. Amazon India said it saw a surge in Prime subscriptions from several days before the sale, stating that more new Prime members joined the programme in the one week leading up to Prime Day than any week since the launch of Prime in India. Prime Day 2018 also was

July 19, 2018  |  comments ( 0 )  | 

Select CITYWALK adds Japanese luxury brand Onitsuka Tiger to its brand portfolio
Select CITYWALK adds Japanese luxury

New Delhi: Japanese Luxury Footwear Brand, Onitsuka Tiger is soon going to enter Delhi NCR with its store in Select CITYWALK mall. The launch will take place on Friday, 20th July, 2018 in the presence of Bollywood heartthrob Tiger Shroff, the company said this today. Foraying into Delhi-NCR with Select CITYWALK, this will be Onitsuka Tiger’s third store in India with its existing stores in Mumbai and Chandigarh.

July 19, 2018  |  comments ( 0 )  | 

Milkbasket launches voice buying
Milkbasket launches voice buying

New Delhi: Daily grocery delivery service Milkbasket today has launched “Voice Buying”. With this service, grocery buyers in India can place their orders using voice commands only. The service can be used on Google Assistant and will soon be available on Amazon Alexa, the company said. “Milkbasket is synonymous to grocery & convenience for our customers, and introduction of voice buying further elevates their

July 18, 2018  |  comments ( 0 )  | 

Flipkart adds recharge, travel tabs on its mobile app
Flipkart adds recharge, travel tabs on

In a bid to increase customer visits, online retailer Flipkart has added two new tabs on its mobile application — ‘Recharges’ and ‘Travel.’ While the first tab redirects the customer to Flipkart’s payments platform PhonePe, the second tab takes the user to MakeMyTrip to book travel tickets. This development, which pits Flipkart directly against Alibaba-backed Paytm, comes as companies in the consumer

July 18, 2018  |  comments ( 0 )  | 

Grofers to enter FMCG segment; targets Rs 2,500 crore sales in FY19
Grofers to enter FMCG segment; targets

New Delhi: Online grocery player Grofers today said it plans to enter the FMCG segment and the company is targeting overall revenue of Rs 2,500 crore by FY19. Grofers closed FY 18 with Rs 950 crore of sales and is targeting for a stronger growth trajectory in 2019, with a 50 per cent contribution from its private brands. The company has launched seven new brands under two categories Budget and Popular G-Brands. "With this, Grofers'

July 18, 2018  |  comments ( 0 )  | 

LG India starts open cell manufacturing of TV at Pune plant
LG India starts open cell manufacturing

Consumer durable company LG India has started open cell manufacturing of televisions in India at its Pune facility with two models and plans to scale it up. Speaking to media agencies, Younchul Park, India director (home entertainment) LG Electronics   said, “How fast we can scale it up depends on market adoption. However, we want to start open cell across sizes and eventually all the models will be

July 17, 2018  |  comments ( 0 )  | 

Amazon pumped Rs 230 crore into India wallet
Amazon pumped Rs 230 crore into India

Global e-commerce company Amazon has invested an additional Rs 230 crore into its wallet Amazon Pay in India, as per filings with the Registrar of Companies (RoC) sourced from Paper.vc. This comes within a few months of another investment of Rs 195 crore.  The latest funding has been routed through Singapore-based Amazon Corporate Holdings and Mauritius-based Amazon.com.incs. Amazon Corporate was allotted 23

July 17, 2018  |  comments ( 0 )  | 

Singapore based CCube Angels Network Invests in Inner Being
Singapore based CCube Angels Network

CCube AngelsNetwork, Singapore based angel investing network has invested in Inner Being Wellness Pvt.Ltd (hereinafter referred to as InnerBeing),a Nutri-food start up based out of Hyderabad.The start-up has received INR 35 million (SG $6,90,131) from partners, AtimKabra, Vipin Agarwal, Sandesh Pandhare and few others. Inner Being plans to use the funds raised in the current round for new product development, expansion in top tier citiesin

July 16, 2018  |  comments ( 0 )  |