Category: BUSINESS
Tata Consumer inks Strategic Partnership with Flipkart to Deliver Essential Food, Beverages & Grocery Products amid India Lockdown
India’s Largest E-Tailer, Flipkart Teams up with Spencer’s Retail to Boost Hyperlocal Delivery of Essentials
COVID-19 India Outbreak turns Boon for Online Gaming Platforms & Companies as more people isolate themselves Indoors
Odisha Government to setup Largest COVID-19 Hospital in India; will have 1000 Bed Capacity, to be operational in next 15 Days
Coronavirus: Indian Pharma Industry gets Rs 10,000 Crore Boost; Government to Build 3 ‘Bulk Drug Parks’ in 5 Years
Homegrown Food Delivery Startups Swiggy & Zomato Grand Merger on the Cards; Amid Threat from Amazon, Uber Eats & Flipkart Looms
Zomato, Swiggy Likely to Merge Just before the Amazon’s Entry In Online Food Delivery Business in India. India’s leading online food delivery startups Zomato and Swiggy grand mega merger on the cards soon amid looming threats from Amazon and UbeEats, according to media reports. Both Swiggy and Zomato are in negotiations over a strategic merger. […]
Bengaluru becomes the World’s Scooter-Sharing Capital, beating Madrid & Paris; clocking over 100,000 Rides a Day
Bengaluru is the world’s scooter-sharing capital, shows a report by German e-scooter maker Unu. Thanks to mobility startups Bounce and Ola-backed Vogo, the city accounts for over 15,000 of India’s 20,000-odd scooters – much ahead of Madrid and Paris. The two desi ventures together clock over 100,000 rides a day even as cab-aggregators Uber and […]
MakeMyTrip bets Bigger on Home-Stays; to add over 10,000 Alternative Accommodations in India, to take on Rivals like Airbnb
Online travel firm MakeMyTrip is looking to add over 10,000 alternative accommodation properties in India in 2020, with the company expecting to achieve double-digit growth in the segment during the period. Currently, the company has 1,70,000 bookable properties in India and overseas in the alternative accommodation segment which includes villas, apartments, home stays, guesthouses and […]
Apple, Realme are making Huge Waves in India’s Smartphone Market
Two foreign brands are making waves in India’s smartphone market, IDC data shows. Apple grabbed over 50% share in the ₹35,000-plus segment in July-September, reclaiming the top spot after two years. Its strategy: Competitive pricing of new iPhones and a drastic drop in prices of older models to cash in on festive demand. On the […]
Flipkart to introduce Nokia Smart TV in India with JBL Audio; Aiming to Disrupt India’s Television Market
Viacom18 Unveils India’s First & Only Multi-Format Kids App ‘VOOT KIDS’
Viacom18 is all set to foray and explore its digital ecosystem with the launch of its first subscription play. Viacom18 Media Private Limited is all set to expand its digital ecosystem with the launch of its first subscription play. Voot Kids has been a sub-app of the network’s AVOD (advertising led video on demand) service […]
Chinese Technology Giant Honor; After Smartphones to Foray into India’s Smart TV Market by 2020
Chinese handset maker Honor will foray into India’s smart TV market in the first quarter of 2020. For some time now, the Smart TV segment has become almost as active as smartphones. So much so, that there are many companies that bet on offering their own models, such as Honor. Well, this manufacturer has released […]
Chinese Automobile Giant Great Wall Motors to invest ₹7,000 Crores in Gujarat to set up a Manufacturing Plant
Great Wall Motors, China’s largest SUV maker, plans to invest ₹7,000 crore in an Indian subsidiary it has recently incorporated, Economic Times reports. The company has scouted for sites in at least five states, but Maharashtra has emerged the top contender. Among the options are the land purchased by Chinese truck maker Foton at Chakan […]
Blackstone Acquires 37.5% stake in India’s Aakash Educational Services for Rs 1,350 Crore
Chinese Smartphone Maker Xiaomi Becomes Largest Exclusive Brand Network in India’s Offline Market
Xiaomi inaugurated 2500th exclusive Mi Store. These 2500 stores are presently flourished across 790+ cities in all states. As per the retail research agency Channelplay, this is the largest single brand retail network in India (across all categories), followed by Samsung India, Cafe Coffee Day(CCD), Dominos India, and Bata India.
San Francisco based Silicon Valley backed ‘AngelList’ Launches India Focussed Angel Fund will Help Startups to raise Money
Silicon Valley-based AngelList announces angel fund for individuals and institutions to raise capital upfront and invest in startups. A half year in the wake of propelling India devoted support, Silicon Valley-based AngelList has reported angel fund product for individuals and institutions to raise capital forthright and put resources into new companies.
India’s Unicorn Boom is Coming; More than 100 Indian Startups sporting $1 Billion-plus Valuations by 2025
India could boast more than 100 startups sporting $1 billion-plus valuations by 2025, domestic IT body Nasscom predicts. Its annual report on startups says the country will be home to 95-105 unicorns having a combined valuation of $350-390 billion. India is already home to 24 unicorns, a distant third after the US and China. Seven […]
Ola, Uber are Hunting for Versatile Business Models Beyond Cabs; to explore more Growth Avenues
Ola and Uber are looking beyond cabs in their hunt for growth, Economic Times reports. Industry experts say the companies are likely to focus on bike taxis and autos, car rentals, corporate tie-ups and collaborations with public transporters to shore up ride numbers as their core business slows. That’s because four-wheeler taxis aren’t affordable for […]
Soon, Indians can make payments from their Digital Wallets through UPI while travelling Abroad
Indians travelling overseas could soon make payments through their digital wallets. Quoting unidentified sources, Economic Times reports that the National Payments Corporation of India is looking to expand its UPI payments system to other countries. The company is targeting Singapore and the UAE as its first international destinations and could launch there in six months. […]