Written By Saritha Rai P R Sanjai & Bhuma Shrivastava | Bloomberg Ratcheting up competition, Ambani's portals are offering blockbuster discounts of as much as 50% on sugary confections and other holiday staples like spice mixes for India's rice delicacy, biryani Billionaire Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling $2 data plans and free voice calls. Four years later, he’s deploying a very similar tactic -- cutthroat pricing -- to gain an edge in the country’s increasingly competitive e-commerce space. As India this week hits the peak of its biggest shopping season, the festival of Diwali, the…
CONTINUE READING
Written By Sagar Malviya, ET Bureau Swedish fashion retailer Hennes & Mauritz (H&M) has overtaken its main rival Zara to become India's largest clothing brand by revenues in FY19-20, helped by aggressive store expansion and lower pricing. H&M expanded sales 28% to Rs1582 crore during the year ended March 2020, according to its latest filing sourced from Altinfo, a data insights firm. In comparison, Inditex Trent, a joint venture with Tata that runs Zara Source: economictimes
CONTINUE READING
Written By Samreen Ahmad Reports say the online grocer is in talks with salt-to-software conglomerate to sell around 50 per cent of its stake in the company for around $1 billion According to sources, the company is in final-stage talks with Tata Group and the deal could be sealed in a matter of days. Online grocer BigBasket, which is in final-stage talks with Tata Group to sell majority stake in the company, could be doing this because of lack of visibility in terms of investments from large investors, say experts. With big players such as Amazon and Reliance making serious…
CONTINUE READING
Written By Devika Singh Given the low footfall, QSRs like Chaayos and Chai Point have added more food items in their menus for delivery Experts say these chains are “stepping away from their core offering”. Social distancing has thrown a spanner in the works for tea cafés that were originally built around the concept of ‘catching up’. Given the low footfall, QSRs like Chaayos and Chai Point have added more food items in their menus for delivery, and are ramping up their packaged food offerings. According to a Zomato report released in August, dining was operating at 8-10% of the…
CONTINUE READING
Written By SAMAR SRIVASTAVA Even with solid tea, coffee and water brands, the company had seen uninspiring returns. Now, the re-invented TCP is writing a new script Sunil D’Souza, MD & CEO of TCP, is rejigging internal structures and distribution methods Image: Mexy Xavier Why are we not in the top echelons of Indian consumer businesses, was a question that resounded often within the hallowed walls of Bombay House, the headquarters of Tata Sons. The 152-year-old business house had some of the biggest consumer brands in the country across sectors—from automobiles and jewellery to consumer durables and beverages. Over the…
CONTINUE READING
