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LG Electronics India expects 20% rise in sales this year
LG Electronics India expects 20% rise in

LG Electronics India aims staggering 20% growth in sales in the current year, which will be higher than industry growth of consumer durables. In a media interaction Sanjiv Agarwal, sales head, said the company is expecting to touch a turnover of 22,000 crore this year (January to December). "The first six months have been really good. Post GST introduction,

July 20, 2017  |  comments ( 0 )  | 

ShopClues launches home decor label Home Berry
ShopClues launches home decor label Home

India’s first and largest online marketplace has introduced its own home décor and furnishing exclusive label, called Home Berry. The exclusive label is an affordable range of bed and bath linen, including washroom towels and designer bedsheets with pillow covers. These products are designed for the Indian customers who want good quality branded furnishing but at affordable prices. This effort has been aligned with

July 20, 2017  |  comments ( 0 )  | 

Xiaomi plans to double India sales
Xiaomi plans to double India sales

Xiaomi, the second largest shipper of smartphones in the country in 2016, is planning to double its sales this year. The company had sales of Rs 6,500 crore last year and could overtake manufacturers like Micromax if it notches up Rs 13,000 crore in sales in 2017. “                                                  

July 19, 2017  |  comments ( 0 )  | 

Tablez India launches first stores of Springfield and Women'Secret in Bangalore
Tablez India launches first stores of

Tablez India, a part of LuLu Group International has launched its first store of Spanish fashion brands, Springfield and Women' Secret in India at Bengaluru.   A Grupo Cortefiel brand, Tablez India interests in Fashion, Speciality retail, and F&B, holds the master franchise rights for Grupo Cortefiel's brands, Springfield and women' secret, in India and Sri Lanka.   Headed by Adeeb Ahamed, the first

July 18, 2017  |  comments ( 0 )  | 

Bata looks to expand into Tier III and Tier IV markets
Bata looks to expand into Tier III and

Footwear retail company, Bata, is aggressively penetrating into footwear markets of tier III and IV cities in India in order to reach out to consumers in untapped markets, a company official said. At the 84th annual general meeting in Kolkata, Uday Khanna, Chairman, Bata India, said, "We are aggressively penetrating into the footwear markets of tier III and IV towns and have increased our focus to improve the performance of the single

July 18, 2017  |  comments ( 0 )  | 

Essel Finance signs Business Transfer Agreement with Intec Capital
Essel Finance signs Business Transfer

Essel Finance Business Loans (EFBL), the NBFC business of Essel Finance announced that it has signed a Business Transfer Agreement with Intec Capital Ltd.  EFBL proposes to acquire portfolio of Rs 272 crore along with bank borrowings for a consideration of equity shares in the company. The transaction is expected to be completed after concurrence from the bank and regulatory authorities. Intec Capital Ltd is registered with the RBI as a

July 18, 2017  |  comments ( 0 )  | 

MobiKwik ties-up with Samsung Pay for one-tap payments on select devices
MobiKwik ties-up with Samsung Pay for

Mobile wallet major, MobiKwik has joined hands with Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets. As part of the tie-up, MobiKwik wallet is now integrated with Samsung Pay Mini to enable one-tap payments at more than 1.4 million MobiKwik-powered merchants across the country, MobiKwik said. MobiKwik's mobile wallet will also be available soon to Samsung Pay users, it

July 18, 2017  |  comments ( 0 )  | 

Flipkart makes revised offer of about $950 mn to acquire Snapdeal
Flipkart makes revised offer of about

E-commerce player Flipkart has proposed a revised offer of between $900 million and  $950 million to buy smaller rival, Snapdeal, sources revealed. According to the sources, the new proposal is being evaluated by Snapdeal's board. Snapdeal had earlier this month rejected Flipkart's initial bid of between $800 million and $850 million as its board was unsatisfied with the offer and the payment terms. Flipkart's revised offer was

July 18, 2017  |  comments ( 0 )  | 

Paytm invests undisclosed amount in mobile loyalty startup MobiQuest
Paytm invests undisclosed amount in

Digital payments platform, Paytm, has invested an undisclosed amount in Noida-based mobile loyalty and data analytics startup, MobiQuest Mobile Technologies. The investment will help Paytm's merchant partners leverage MobiQuest’s data analytics and precision-marketing solution in acquiring, engaging and rewarding customers. Incorporated in 2007, MobiQuest offers a self-serve platform called M'loyal, which has 200 brands as clients

July 18, 2017  |  comments ( 0 )  | 

Raymond to launch Khadi by Raymond on October 2
Raymond to launch Khadi by Raymond on

Textile and apparel major, Raymond Ltd will launch Khadi by Raymond on October 2. Raymond was first to forge the first partnership with Khadi & Village Industries Commission (KVIC) and will promote the fabric in India and global markets. Ram Bhatnagar, VP & Head Sales, Raymond, told PTI, "We have decided to launch the khadi range on Gandhi Jayanti on October 2. We will launch it through 300 exclusive stores and about 10

July 18, 2017  |  comments ( 0 )  | 

Tansihq rolls out new limited edition collection in Mumbai
Tansihq rolls out new limited edition

Jewellery brand, Tanishq, has launched the Red Carpet Collection in Mumbai. The collection was launched by Deepika Tewari, General Manager - Marketing, Jewellery Division, Titan Company Limited and Rajan Amba, General Manager and Head Retail, Tanishq. The collection was launched at Tote on the Turf, Mumbai in association with Harper's Bazaar India. This distinct collection is dedicated to the woman who is stylish, independent, progressive

July 18, 2017  |  comments ( 0 )  | 

OnePlus plans to open its experience store in Hyderabad
OnePlus plans to open its experience

OnePlus, the global mobile technology startup, is planning to setup their second experience store in India. After inaugurating experience stores in India at Bengaluru, Noida and New Delhi, it looks like, up next is the “OnePlus Store in Hyderabad“. The OnePlus team had a brief poll on their Facebook page – asking and Hyderabad received the most votes. OnePlus is a company which has listened to it’s fans. Earlier when

July 17, 2017  |  comments ( 0 )  | 

Pernia’s Pop-up Shop to raise funds!
Pernia’s Pop-up Shop to raise funds!

Pernia’s Pop-up Shop (PPUS), an online fashion store for men and women, started in the year 2012, is in advanced talks with investors to raise its first round of funding of around US $1 to 1.5 million towards marketing and technology. Owing to the company’s robust growth, the brand now aims to become the Indian fashion destination for patrons across the globe. The latest feather in their cap is that Pernia’s Pop-up Shop

July 17, 2017  |  comments ( 0 )  | 

CAIT urges government to take up Consumer Protection Bill in Monsoon Session
CAIT urges government to take up

Traders' body, CAIT has urged the government to take up the proposed Consumer Protection Bill in the Monsoon Session of Parliament, starting next week. Confederation of All India Traders (CAIT) stated, "The passage of this bill is critical not only in terms of protection of consumer interests' but also to differentiate between the roles and responsibilities of small and genuine retailers." It said that the bill should also

July 15, 2017  |  comments ( 0 )  | 

Big Bazaar fined Rs 3 lakh for charging above MRP
Big Bazaar fined Rs 3 lakh for charging

Departmental store chain, Big Bazaar, has been fined with Rs 3 lakh for charging Rs 40 extra over a bottle of sesame oil in Surat. The Consumer Dispute Redressal Forum, Surat district has imposed the penalty on the departmental store run by Future Retail Ltd to set an example in order to curb the unfair trade practice among traders. In this case, a resident of Kamrej in Surat, Dilip Panchal, went for shopping in the departmental store

July 15, 2017  |  comments ( 0 )  |