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Indian Retail Stores faces 30% Loss due to Online Indian Festive Sales

BUSINESS, BUZZING, RETAIL
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Urban shoppers seem to be tightening their purse strings when it comes to in-store purchases. People are sticking to need-based buying and that’s led to lower footfall and tepid conversion rates for brick-and-mortar retailers in the pre-Diwali weekend. Small traders seem to be hit the hardest: Some have reported a fall of 25-50% in festive […]

Ratan Tata To Invest In Pune-Based Electric Vehicle Start-up Tork Motors; to boost Made in India Electric Two Wheeler

AUTOMOBILE, BUSINESS, BUZZING, STARTUPS, TECHNOLOGY
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Electric vehicle startup Torque Motors said on Monday that Ratan Tata has decided to invest in the company. However, the company has not disclosed the amount to be invested. Earlier, the Pune-based company has also received investments from Bhavish Agarwal, founder of Bharat Forge and Ola Cabs.

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