Breaking News

Ikea doubling product sourcing from India

images

The world’s largest furniture retailer Ikea said it has decided doubling product sourcing from India by 2020, demonstrating the Swedish company’s commitment to comply with the 30% local purchase norms as it makes its commercial debut in the world’s fastest-expanding ...

Read More »

Amazon expands sellers’ infrastructure

amazon

In the on-going war for one upmanship in the online retail sector, the American based retail giant, Amazon is doubling its investments on sellers’ infrastructure this year in India itself, as the latest bulge-bracket fund-raising by Flipkart sets up a ...

Read More »

Apple to bid Toshiba’s chip making biz

images

In an attempt to make the most out of the recent twist in the sale of the world’s second-biggest flash memory chip making, Apple together with Foxconn considering to make a joint bid for Toshiba Corp’s semiconductor business, Japanese public ...

Read More »

Suzuki-Toshiba to make lithium battery

download

In their quest to put in place form work for building blocks of an ecosystem for the fledgling electric car industry in India, Suzuki Motor Corp has recently partnered Toshiba Corp and Denso Corp to manufacture automotive lithium battery packs ...

Read More »

Paytm-Genesis in JV for premium brands

images

In order to enable users scanning the store QR code and pay using the balance on their wallet, digital wallet player Paytm has recently entered into partnership with luxury brand distributor Genesis Luxury, which markets and distributes global luxury and ...

Read More »

ITC re-works its food & beverage portfolio

images

In an attempt to increase its market share in the segment, ITC is overhauling its food & beverage portfolio in categories that have been showing signs of fatigue more than a decade after the cigarette maker challenged the dominance of ...

Read More »

Flipkart shifts to core business

download

Pitching itself against global e-commerce giant Alibaba, Flipkart has set its sight on its core business, even as country’s largest e-tailer deepens investments to outflank Amazon in one of the world’s most hotly contested ecommerce markets. The player has sufficient ...

Read More »

Jio offers freebies to mobile phone users

images

In its quest to take more and more subscribers into its fold, Reliance Jio Infocomm has recently unveiled an attractive new plan for mobile phone subscribers, offering three months of freebies besides 1 GB data a day for a one-time ...

Read More »

Woodland plans new multi-brand retail stores

download (1)

In order to expand its operational ambit, footwear and apparel making player Woodland has planned to add 120 multi-brand retail stores in the near future as it is also gearing up and making plans to enter Japan and South Korea ...

Read More »

Flipkart expands online retail ambit

images

In a recent development in the country’s online retail sector, the domestic ecommerce player Flipkart in an attempt to further expand its operational ambit in online retail ambit, has sealed the global ecommerce player eBay buyout deal. In this connection, ...

Read More »