Sagar Malviya, The Economic Times Mumbai, 16 December 2014 eBay India, one of the earliest online marketplaces in the country, has slipped behind both Flipkart and Amazon on revenues from seller commissions as its two rivals along with Snapdeal have been aggressively pushing sales with big discounting events and high-decibel marketing. eBay India posted revenues or income of Rs 107 crore calculated on commission earned from sellers along with advertising revenues for fiscal 2013-14, according to its annual filing to the Registrar of Companies. In comparison, Amazon Seller Services posted revenues of Rs 169 crore and Flipkart Internet that manages…
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Vijaya Rathore, The Economic Times New Delhi, 12 December 2014 Brioni, a luxury menswear brand from Italy, is currently looking for the "perfect" location in a south Delhi upscale mall to open a store, almost after a year it shut down its earlier store located inside a five-star hotel. Store location is not the only change that Brioni has initiated in the country. It has found a new partner to sell its jackets, ties and shirts in India. Another luxury brand, Etro, is holding talks with a number of retailers in India to make a comeback, after it split ways…
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Rashmi Pratap, The Hindu Businessline Mumbai, 12 December 2014 Vinay Singh does not own a debit or credit card, nor does anyone in his family, which has lived for four generations in Bihar’s Gaya district. Yet, they regularly shop online from Homeshop18 and Naaptol. Even their holiday hotel bookings are done online, again without internet banking or cards. Singh instead has a mobile wallet from Paytm, which allows him to load cash on his mobile phone through a nearby mobile retailer or ATM and use it for all his online transactions. In the recent case where a customer of Uber’s…
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Sagar Malviya, The Economic Times Mumbai, 11 December 2014 Just three years... and the fashion retail industry may be at the threshold of a revolution. Jabong and Myntra, India's biggest e-tailers of fashion, are clocking up impressive top line numbers and, more importantly, red hot 3-digit and 4-digit growth figures that signal a tipping point in how urban Indians will dress themselves — they will likely move most of their clothes shopping to e-commerce. Consider the numbers. In three years of operations (2012-2014), Jabong and Myntra's combined top line has hit Rs 1,000 crore for the year ended March 2014.…
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Himanshu Kakkar, Outlook Business New Delhi, 28 November 2014 There is no denying that business histories are rarely documented, let alone in print, so a museum that chronicles a renowned company’s tumultuous history was till recently a far-fetched idea. This is where the experiential DS Museum started by the Dharampal Satyapal (DS) Group has scored a major first, recounting the grassroots-to-major-group transition of the entity, covering its diverse interests, from tobacco, mouth fresheners, confectionery, food and beverage and dairy — its core businesses — to latex, agroforestry, packaging, hospitality and infrastructure — its emerging businesses. Started by Dharampal in 1929…
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