Prince Mathews Thomas, Forbes India New Delhi, April 20, 2012 All Ajay Jain wanted was for people to buy his photographs. Though he was an engineer and an MBA and had worked in various industries ranging from IT to media, his passion lay in travel and photography. But he was not able to sell enough of his pictures through exhibitions. So he started a gallery and started marketing it online. Yet, nothing really worked. That’s when the 41-year-old decided to transform the gallery in South Delhi’s Hauz Khas Village into a café with wi-fi, coffee, tea and cookies. The attraction…
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Meghna Maiti , Financial Chronicle Mumbai, April 17, 2012 Futurebazaar.com, the online retail venture of India’s largest organised retailer — Future group is supplementing its business-to-consumer (B2C) business with a business-to-business (B2B) initiative. This marks a major departure from its initial B2C positioning. The Kishore Biyani-controlled group aims to extend the concept of offering deals, leveraging centralised warehousing and inventory management and volume purchases to companies; in an effort to tap into the corporate gifting market. “We will offer companies a wide range of products and killer deals on orders such as 100 units of a LCD TV or jewellery…
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Pia Heikkila, The National Mumbai, April 15, 2012 An average apartment, basic amenities and interiors in need of modernisation, is for rent in Worli Seaface in Mumbai. "The apartment is suitable for a family or company executives," reads the property agent's blurb. Monthly rent? A mere US$17,000 (Dh62,442). It's even worse for those Mumbaikars daring to dream of buying their very own home. According to various agents, anyone with a budget of less than half a million dollars for a small one/two-bedroom apartment will be priced out of south, central and west Mumbai all together. That seems quite lot in…
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Janees Reghelini , Retail Today Mumbai, April 2012 Once again the Central Government doesn't seem to have listened to retailers' calls. Janees Reghelini analyses this year's budget. Modern retail might be growing fast, but it is now starting to face considerably more obstacles than it did in its nascence. It is also having a much wider impact on India’s economy. “Traditionally, retail has been known to be one of the largest employment generators in the world. For a country like India this is the biggest advantage. Policy changes by the government, for example, will open up strategic investment opportunities for…
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Sarah Jacob , The Economic Times
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