Horticulture production in India has been surpassing the production of food grains for many years. In 2014-15, the total production of horticultural produce was estimated by the Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture to be approximately 281 million tonnes as against 252 million tonnes of food grain production and 275 million tonnes of oilseeds. Horticulture and floriculture have result in growing foreign earnings, and India’s domestic market is also growing. In fact the demand for many types of vegetables and fruits which are not native to India such as lettuce, broccoli, gherkins, as well as for…
Priyanka Pani, The Hindu Businessline Mumbai, 6 September 2016 Going digital seems to be the mantra for some of India Inc’s generation-next. Kavin Mittal, son of Airtel’s Sunil Bharti Mittal; Ananyashree Birla, the eldest daughter of Kumar Mangalam Birla, Chairman of Aditya Birla Group; Isha and Akash Ambani, scions of the Reliance Group, are spearheading various online and digital ventures. The new generation not only wants to carve a niche for itself by getting into the online ventures but also plans to take on the digital biggies. Harminder Sahni, founder of consultancy Wazir Advisory, said that “the trend clearly shows…
Ankita Rai, Financial Express New Delhi, 30 August 2016 Affiliate marketers such as coupon, cashback and deal sites often work as a match made in heaven for retail/e-commerce firms when the latter take baby steps into the business world. These sites drive traffic to e-commerce players on commission basis, similar to the cost of acquiring a new customer or a sale.Till last year, affiliate marketers benefitted a great deal from the e-commerce slugfest as e-tailers doled out attractive commissions.But in recent times, something has changed as e-tailers focus on positive unit economics and relook at their business models in light…
Suneera Tandon, Quartz New Delhi, 19 August 2016 The Indian defence services could teach the country’s top private retailers a thing or two about making money. A chain of 3,900 stores of the Indian defence ministry’s canteen stores department (CSD) earned Rs236 crore ($35 million) in profit in financial year 2014-15, according to a report in the Economic Times on Aug.17, based on a reply to a right to information query. For the same period, the Kishore Biyani-owned Future Retail, which runs supermarket chains such as Big Bazaar and eZone, reported a profit of Rs153 crore; the corresponding figure for…
Chitra Narayanan, The Hindu Businessline Bengaluru, 18 August 2016 When Harry Potter and the Cursed Child was launched globally, Snapdeal arranged deliveries of the book within two hours of the order being placed. It could do so thanks to its predictive demand management system fuelled by big data, and its 69 ‘fulfilment’ centres across the country.In the age of instant gratification, it’s getting harder and harder for companies — especially e-commerce retailers — to meet customer expectations as shoppers want stuff here and now. Drones may help in the future. But today, as Samay Kohli, CEO and co-founder of Grey…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
