Ajita Shashidhar and Arpita Mukherjee, Business Today New Delhi , 9 November 2014 During the recent Navaratri festivities, a character in a popular fiction show on Star Plus, Yeh Hai Mohabbatein, was shown shopping online for gifts for her family. She buys a piece of jewellery for her daughter from Amazon, the online retailer. She goes on to educate her daughter about the various facets of online shopping - ease of shopping, cash on delivery and so on. All this was woven into the script of the show. Similarly, the contestants of reality show Bigg Boss, on Viacom 18's general…
Sagar Malviya, The Economic Times Mumbai, 7 November 2014 Starbucks, the world's largest coffee retailer, posted nearly three times more per-store sales than established rivals in India in its first full year of operations in the country. Tata Starbucks, a joint venture between Starbucks and Tata Global Beverages, generated total revenues of Rs 95.42 crore in the year ended March 2014, according to its annual report filed with the Registrar of Companies (RoC) on Thursday. With 43 stores until March, a back-of-the-envelope calculation shows that each Starbucks shop sold coffee, snacks and merchandise worth over Rs 2.2 crore last fiscal,…
India has a rich culture and ecosystem of social enterprises, non-profits and many other social purpose organisations that serve the needs of many segments of society within a vast landscape. However, for a foreign investor looking for impact investing or other philanthropic opportunities in India, it can often prove to be a challenging journey. Devangshu Dutta (Third Eyesight/PVC Partners) and the Audrey Selian (Artha Platform) together provided a landscape overview of India, highlighted key challenges and pitfalls to look out for, and shared an insider view for international investors in this first part of AVPNโs India series.
Sagar Malviya, The Economic Times Mumbai, 3 November 2014 Online retail seems to be rapidly coming of age in India — in the financial year ended March, Flipkart's sales challenged those of its nearest brick-and-mortar rivals, according to filings with the Registrar of Companies, although the segments that they operate in aren't strictly comparable. Meanwhile, the marketplaces operated by both Flipkart and Amazon posted losses. Amazon, which entered India a year ago, logged a net loss of Rs 321 crore while Flipkart saw this more than double to Rs 400 crore, according to October 31 filings. Due to curbs on…
Rashmi Pratap, BLink (The Hindu Businessline) Mumbai, 31 October 2014 In the late ’70s, when power looms began to expand rapidly in Ahmedabad, the worried owners of 74 composite textile mills met a young man who had just completed his MBA from Mumbai’s Jamnalal Bajaj Institute. The idea was to craft a survival strategy as power looms were on a better footing — they did not have unions and didn’t even need a licence to expand capacity. The young man saw clearly that the answer lay in a new product category that not only had global appeal but also resonated…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
