Written By Writankar Mukherjee, ET Bureau KOLKATA: The investment by Tatas into their e-commerce venture Tata CLiQ pales in comparison to Amazon and Walmart-owned Flipkart. Latest regulatory filings show Tatas invested Rs 292 crore in FY19 in Tata UniStore, the entity which owns the ecommerce marketplace. Though investment was up by 30% from FY18 (Rs 224 crore) as per the filings made to the Registrar of Companies (RoC), analysts said with such low investment it might be difficult for Tata CLiQ to win market share in the Indian e-commerce market with the cash-rich Reliance Retail, too, planning a mega entry.…
Written By Prasannata Patwa At this price point, Weston LED TVs and Smart TVs will compete with those of Xiaomi. Mumbai: Consumer electronics firm Westway Electronics Pvt. Ltd has launched LED TV sets in the affordable TV segment to cash in on the frenzy around the Indian Premier League (IPL), 2019 Lok Sabha elections and the ICC Cricket World Cup 2019. The company sells its products under Weston TV brand. A 32-inch LED TV starts from ₹12,000 and entry-level Smart TVs are priced at ₹14,000. The brand entered Tamil Nadu, Karnataka and Kerala on 1 April and will enter Andhra…
Written By Athira Nair & Apurva P Launched in 2016, Bengaluru-based Wakefit is promoting a healthy sleep culture with its mattresses, pillows, and protectors. The firm, which has seen 3x rise in annual revenue since inception, will launch new categories this year and continue to focus on online sales. Tough days should end in a comfortable bed. That’s what Wakefit, a sleep solutions startup, aims to provide. Researched and developed for ergonomically beneficial factors, Wakefit was launched in 2016 and offers mattresses along with other sleep-related products such as pillows and comforters. Wakefit, which claims to have been profitable since…
Written By DEEPTI CHAUDHARY Amazon India’s smooth ride may have faced a bump in the form of the revised e-commerce norms, but the company has taken it in its stride and is aggressively courting new customers. I am standing in a corridor in Amazon India’s 25th floor office in the north-western part of Bengaluru, looking at two people dressed in casuals. It’s a few days before Christmas, and it’s a mildly cold winter evening. There are no Christmas decorations that adorn the office, but it’s a relaxed vibe where I catch strains of George Michael’s “Careless Whisper”. I am about…
"Fashion is a zombie business. It is dead and it doesn't know it yet," says Devangshu Dutta, Founder of Third Eyesight, a specialist management consulting firm. This is a must-watch excerpt from a presentation and panel discussion anchored by Devangshu Dutta on 27 March 2019 at the India Fashion Forum, in Mumbai. The challenge he presents is simple: create a new business model for the fashion sector. https://www.youtube.com/watch?v=yyYoA0qyVfE
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
