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Walmart, Metro, McDonald's among India's 10 best workplaces in 2018
Walmart, Metro, McDonald's among India's

Cash and carry firm Walmart India, Metro Cash & Carry and fast food major McDonald's have been enlisted as the top ten retail companies in India to work for in 2018 by the Great Place to Work Institute, India (GPWI) and Retailers Association of India (RAI) in a joint study called Great Places to Work 2018. An assessment of 29 companies that operate

February 21, 2018  |  comments ( 0 )  | 

Capillary Technologies Pumps In $20 Million From Investors
Capillary Technologies Pumps In $20

Capillary Technologies which serves the Cloud-based software Solutions to the companies to retailers has announced to have pumped $20 million over the past year from its existing investors, including Warburg Pincus and Sequoia Capital. In a statement, the company said it wants to enhance its product range with these funds, powered by Artificial Intelligence and Machine Learning catering to Asia and other upcoming emerging markets. The company

February 21, 2018  |  comments ( 0 )  | 

B2B e-commerce startup Udaan raises $50 million from Lightspeed, Yuri Milner
B2B e-commerce startup Udaan raises $50

In a mega investment of early stage India startups, Udaan, a business-to-business e-commerce portal in its second stage has raised around Rs 320 crore or $50 million funding. The company which has been started by three former top Flipkart employees, Udaan has picked up the huge cheque, especially so keeping in mind the skittish investor sentiments around India tech, from its existing backer Lightspeed Venture Partners and Russian billionaire

February 21, 2018  |  comments ( 0 )  | 

H&M India To Start Online Business This Year
H&M India To Start Online Business This

Swedish fashion retailer Hennes & Mauritz (H&M) is planning the online foray in the country this year to boost its sales and recognition after watching the potential market other e-commerce firms have gained along the years. The multinational retail giant registers 12 per cent of its sales from the online outlets. H&M India country manager Janne Einola at the Retail Leadership Forum stated, "We plan to launch our online store

February 21, 2018  |  comments ( 0 )  | 

Intex Targets 6% Share In AC Market In India
Intex Targets 6% Share In AC Market In

Home grown consumer electronics maker Intex Technologies has revealed its sales policy aiming to grab around 6 per cent share of the air-conditioning segment in the next two years and the company is betting on tier II & III markets with its competitive pricing. The Delhi-based company has always kept its low prize trend which is 15 to 20 per cent lower than the established players to make it more affordable. In the AC segment, Intex

February 20, 2018  |  comments ( 0 )  | 

Toyota Aims Market Domination With Its mid-size sedan 'Yaris'
Toyota Aims Market Domination With Its

Japanese automobile giant Toyota Kirloskar Motor Ltd is in the hope of breaking its cords to lead the midsize sedan segment with its upcoming new launch 'Yaris' later this year. Dominated by the troika of Honda City, Maruti Ciaz and Hyundai Verna, the Indian market remained low for its first new launch of ill-fated Etios sedan and hatchback twins in 2010. The company is banking on class-leading safety features that include seven

February 20, 2018  |  comments ( 0 )  | 

Samsung unveils Wind-Free Cooling technology AC's Starting from 50,950
Samsung unveils Wind-Free Cooling

Electronics major Samsung has launched new range of air conditioners in Chennai, equipped with company's Wind-Free Cooling technology, targeted at customers with specific needs and preferences. According to the press release issued by the company, the new air-conditioner is integrated with the company's Wind-Free Cooling technology into its design providing customer with cooler indoor climate and optimal energy efficiency. Regarding the

February 20, 2018  |  comments ( 0 )  | 

U Hostels enters India’s alternate accommodation market with premium hostel concept
U Hostels enters India’s alternate

U Hostels is a new and contemporary concept in India for all the "Backpackers, as it will be the most modern and stylish hostel of India. They offer a budgeted/ affordable Plush accommodation amped by aesthetically designed urban structure, a young and lively ambience and above all, utmost hygiene standards to ensure a comfort and enjoyable stay for every traveller. They are equipped with an array of state-of-the-art amenities and aim

February 19, 2018  |  comments ( 0 )  | 

Samsung India sets sales goal of over $10 billion this year
Samsung India sets sales goal of over

Samsung India is in the constant attempts of growing the sales of more than $10 billion (about Rs 64,000 crore) this calendar year after having recorded nearly $9 billion in 2017. Smartphones, premium television and appliances like refrigerators and washing machines will be the key products that could increase the sales as per the industry executives who were present in the annual strategy meet “Samsung Forum” held last week in

February 19, 2018  |  comments ( 0 )  | 

Infibeam shifts business policy in line with 4G wave
Infibeam shifts business policy in line

Infibeam, India’s first listed e-commerce player has planned a strategical change from its subscription-based e-commerce to transactional-based e-commerce as the internet user base increased with the advent of cheaper 4G. The major shift in its model also reflected in its last three-quarters results as transactional revenue has boosted its Infibeam Web Service contribution by 66% to its total revenue. Vishal Mehta, MD, Infibeam

February 19, 2018  |  comments ( 0 )  | 

Dairy adds sour taste to  Danone's 'resilient' year
Dairy adds sour taste to Danone's

Danone the French food major reported the competitive market sales this fiscal driven largely by the success of its bottled water such as Evian and baby food brands, but its dairy business stagnated. Danone in a statement said the competitive market sales this fiscal were driven largely by the success of its bottled water such as Evian and baby food brands, but its dairy business stagnated. Danone in a statement said that bottom-line net profit

February 17, 2018  |  comments ( 0 )  | 

Walmart in talks to buy 40% of Flipkart's Stakes
Walmart in talks to buy 40% of

The U.S retailer Walmart Inc is planning to get a stake of more than 40% in the Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, sources familiar with the matter said. In the expectations of biggest overseas deal, Walmart is looking at buying new and existing shares in Flipkart and the due diligence is likely to begin as early as next week, the sources said. They declined to be

February 17, 2018  |  comments ( 0 )  | 

Godrej Appliances wins 207cr contract From ESSL
Godrej Appliances wins 207cr contract

Godrej Appliances has sealed an investment deal of  207 crore which will be spend by  Energy Efficiency Services Ltd (EESL) to supply, install and commission 52,000 inverter air-conditioners for government and railway establishments. Working under the ministry of power, EESL is a joint venture of NTPC, Power Finance Corporation, Rural Electrification & Power Grid Corporation. This contract is for designing, manufacturing,

February 16, 2018  |  comments ( 0 )  | 

Food delivery industry want the faster route home
Food delivery industry want the faster

With mergers, acquisitions and aggressive penetration 2017, it is the high time for Indian food tech sector, defining the way the sector will shape in 2018. As the saturation at every level has occurred, it has become increasingly clear that both growth and market share will be dependent on a strategy that lays emphasis on food delivery - the cash cow for the sector. According to the industry experts, 2018 will see aggregators go the whole mile

February 16, 2018  |  comments ( 0 )  | 

Dyson to invest Rs 1,300 crore in India operations
Dyson to invest Rs 1,300 crore in India

British tech firm Dyson in the next five years has anticipated to attract GBP 150 million (about Rs 1,300 crore) into its Indian operations planning to make inroads into the burgeoning consumer durable market here. The company, which today launched its products in the Indian market, will set up 20 stores across Delhi-NCR, Mumbai and Bengaluru. Dyson Chief Engineer and member of Dyson Board, Jake Dyson said, "India is a very important market

February 15, 2018  |  comments ( 0 )  |