Manu Kaushik and Arpita Mukherjee, Business Today New Delhi, 23 November 2014 Ahmedabad-based Anish Nagpal has been selling products online since December 2011. He sells clothing, footwear and home decor under his own brands, Cenizas and Macoro. In October, as festival buying peaked, Nagpal's company cashed in by selling over 80,000 items, much higher than the average of some 50,000 in other months. However, around 90 per cent of his sales, in terms of the number of items, were on Flipkart and Snapdeal, the two big e-commerce rivals which, fattened with funding, have unleashed high-decibel advertising campaigns. The others -…
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Pradipti Jayaram, Hindu Businessline Bangalore, 21 November 2014 If you’re someone who has for long harboured the dream of studying at prestigious universities abroad, such as the University of Oxford, Harvard or UCLA, or even someone who just wants to make that impression, merely by owning merchandise from those institutions, there is good news for you. The University of California and Los Angeles’ merchandise is already available at Lifestyle stores across India. Harvard University has been selling its merchandise online in partnership with Myntra. Likewise, the University of Oxford recently tied up with Franchise India and US-based Bradford Licensing to…
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Rahul Wadke/Rajesh Kurup, The Hindu Businessline Mumbai, 20 November 2014 Till a couple of months ago, Peshwa Acharya used to call up Shailesh Bhai, owner of a nondescript electronics shop Maruti Infosystem at Lamington Road here to buy mobile phones or laptops. He would get discounts as high as 12 per cent and home delivery. But of late, he makes nearly half of his purchases through e-commerce sites; the reason: transparency in pricing, array of choices, convenience of buying and even higher discounts. “People like me will move over completely to online buying as India is now leapfrogging to e-tailing…
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Hindustan Times New Delhi, 20 November 2014 Multinational retailer Wal-Mart on Thursday refuted the allegations made by Cobrapost.com of foreign direct investment violation in India and insisted that it regularly conducts membership audit internally to keep a tight vigil and continuously improve strict compliance norms. Cobrapost, which recorded the entire operation on video, had shared its findings exclusively with HT. Based on that, HT reported on Thursday that Wal-Mart, Metro Cash & Carry and Carrefour, which are allowed to sell goods and merchandise only to wholesale customers in India, are blatantly violating rules and selling to individuals. Wal-Mart claimed it…
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Varun Sood, The Economic Times Bengaluru, 11 November 2014 Wipro's consumer care and lighting business could end this fiscal year with $1 billion (Rs 6,000 crore) in revenue, as the privately-held company expects the Narendra Modi-led government's promised reforms to start reflecting on the ground, leading to a better second-half of the year for the company. Wipro Consumer Care & Lighting, which reported a little more than Rs 5,000 crore in revenue in the year ended March 2014, saw a 25% growth in revenue in the quarter ended September, according to a senior company executive. "We did 11% volume growth…
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