Govt announces probe into Wal-Mart lobbying report
The government has reportedly announced an inquiry into lobbying practices by Wal-Mart Stores Inc.
Wal-Mart disclosed in a report to the U.S. Senate that it had paid $25mn over four years to lobby American lawmakers to help gain access to overseas markets, including India.
Government officials said that privately there is nothing to investigate since Wal-Mart's lobbying activities in the United States were not illegal, according to reports.
While Wal-Mart has reported that allegations it had lobbied in India were "entirely false".
12-12-12 sees online shopping boom in India
The first of its kind 24 hour online shopping festival organized by Google India on 12-12-12, has been a huge success with unprecedented number of users surfing online to find the best deals. The festival which saw participation from over 50 leading e-commerce companies in India was aimed at encouraging shoppers to adopt online shopping with a focus to reach out to first time online buyers.
Speaking about the response till 4:00pm today, Rajan Anandan, VP & Managing Director, Google India said, “This is by far the biggest online shopping event that India has witnessed in the history of eCommerce in the country. All our partners have seen massive increase in online traffic and some of them had already sold out their stocks by 3:00pm. The response has been phenomenal and beyond our expectations and we hope that this initiative will further fuel the growth of online shopping in India.”
As per early reports, some partner companies witnessed the following responses on their respective sites Read more…
Reasons for allowing FDI in retail Sector
Foreign Direct Investment (FDI) complements and supplements domestic investment. Domestic companies are benefited through FDI, by way of enhanced access to supplementary capital and state-of-the-art technologies; exposure to global managerial practices and opportunities of integration into global markets.
Government had instituted a study, on the subject of “Impact of Organized Retailing on the Unorganized Sector”, through the Indian Council for Research on International Economic Relations (ICRIER), which was submitted to Government in 2008. The ICRIER study indicated significant benefits for various stakeholders, such as consumers, farmers and manufacturers, arising from the growth of organized retail.
Based upon the study, as well as the experience of other countries, it is the Government’s assessment that implementation of the policy permitting FDI, up to 51%, in multi-brand retail trading, is likely to facilitate greater FDI inflows into front and back-end infrastructure; technologies and efficiencies to unlock the potential of the agricultural value chain; additional and quality employment; and global best practices. This, in turn, is expected to benefit consumers and farmers in the long run, in terms of quality and price. Read more…
IIFL Institutional Equities recommends 'Add' on Titan
IIFL Institutional Equities, a part of the IIFL Group, one of the leading players in the Indian financial services space, recommends “Add” Titan.
According to IIFL Institutional Equities report, Titan management highlighted that jewellery demand was healthy in the festive season (3QFY13). However, operating performance in the watch segment was muted. We expect Titan’s 3Q revenue to grow 21% YoY, led by strong growth in the jewellery segment.
Multiple tailwinds (50% space addition in jewellery segment, pick-up in gold demand, direct gold import and higher studded jewellery share) should drive healthy 24% EPS Cagr over FY12-15ii. However, RBI’s hawkish stance would weigh on gold demand and remains a concern. Reiterate ADD, the brokerage added.
The report was published by IIFL’s Institutional Equities Research desk
FashionAndYou gears up for Great Online Shopping Festival by Google
Online retailer FashionAndYou is all set to be a part of the Great Online Shopping Festival by Google on 12.12.12. FashionAndYou, along with various other E-commerce players, will encourage shoppers to adopt online shopping while reaching out to the first time online buyers. It’s popular concept ‘Going Going Gone’ is going extravagantly massive for GOSF with discounts up to 90% off on fashion and lifestyle products.
Looking for something more interesting? Fashionandyou.com is showering 12 Dior Jadore festive gift hampers to 12 top shoppers of every hour starting at sharp 10 am. If you remain unimpressed, there’s more - the top shopper of the day will get a Blackberry Playbook!
Speaking of the launch of the initiative, Rajan Anandan, Managing Director & VP sales & Operations Google India said, “We’re very excited to partner with all the leading e Commerce players in the Industry to bring the concept of Cyber Monday to India. The online shopping industry is already over a 1.5 $ billion and with this initiative, we want to reach out to first time buyers and promote online shopping to them.
Arvind to bring iconic Surfwear brand Billabong to India
Arvind Lifestyle Brands, a subsidiary of Arvind Ltd, one of the largest players in the apparel brands and retail space, today announced the signing of an exclusive distribution agreement with the iconic surf lifestyle brand Billabong in India. Arvind will market Billabong's products through open stand-alone stores, as well as shop in shops in Department Stores & Leading Multi-brand stores.
In turn, Billabong will leverage Arvind's significant expertise in building international brands in India to enhance its iconic status and presence in this important emerging market. AU of which will help Arvind further augment its category leadership in the retail space through its truly robust multi-brand, multi-price and multi-channel strategy. Read more…
Airtel joins Great Online Shopping Festival
Bharti Airtel, a leading global telecommunications company with operations in 20 countries across Asia and Africa, today announced that its website www.airtel.in has joined the bandwagon of eCommerce websites participating in Great Online Shopping Festival - a 24 hour shopping marathon organized by Google India.
As part of this, online shoppers can visit www.airtel.in on 12th December 2012 and check out a variety of deals on digitalTV, Value Added Services, devices and more being offered by Airtel on this first-of-its-kind cyber sale day in India.
As a double dhamaka, customers paying via airtel money can even avail an additional discount on top of the deals being offered by popular eCommerce websites - eBay, Homeshop18, Myntra, 99Labels, India Today, Learn Today, India Plaza and Bag it today. Airtel Online is currently one of India’s largest non-travel eCommerce websites and attracts more than 30mn visitors every month. Read more…
Open Mind simplifies HR Helpdesk of Bharti Walmart through Amey
Open Mind, as any growing startup in business outsourcing providers; seek to cater to a huge number of clients by delivering the best call centre services. In this business backdrop, technology is one of the key factors to consider when ramping up. Open Mind therefore, looked forward for a solution that could fulfill its business requirements. These needs have been taken care of by Drishti's Ameyo.
Open Mind sought for a solution that would diminish downtime and enhance productivity and efficiency. The advanced IVR of Ameyo has enabled the firm to reach out to more customers and deliver them with quality service. Open Mind being dynamic in it's business operations, sought for scalability and future proof solution that has been provided to it through Ameyo. Open Mind that pegs itself as a versatile business outsourcing provider, has been outsourced by Bharti Walmart to run their internal HR helpdesk. AMEYO primarily was implemented for this elite campaign by Open Mind. Read more…
Pizza Hut launches Crown pizza, king of all pizzas
Pizza Hut, launches the king of all pizzas – the most royal product ever-The Crown Pizza. This unique majestic Pizza with sumptuous Kebabs jewelled around the mouth-watering pizza toppings, is shaped like a crown and gives a regal culinary experience. With this innovation the King of pizzas spreads holiday cheer to pizza lovers across India.
The new visually appealing range of pizzas has a unique crown shape with choice of Vegetarian or Non Vegetarian kebabs around the delicious topping in the centre. Read more…
Gitanjali Gems acquires jewellery brands Nirvana and Viola
Gitanjali Gems Ltd has acquired jewellery brands Nirvana and Viola along with State-of-the-art manufacturing facility.
Aishwarya Rai Bachchan fans throng Kalyan Jewellers store
Thousands of fans lined up the roads on either side leading up from the hotel to the KalyanJewellers store in Vadodara on the 9th of December 2012, where Aishwarya Rai Bachchan had come to inaugurate the store. A special stage was erected just outside the store in anticipation of such a large crowd for her to address the fans before she went ahead with the formalities of the launch of the store.
This is the second store launch of Kalyan that Aishwarya has inaugurated the first one being in Kochi on the 19th of August 2012.
Aishwarya came looking resplendent in apple green Falguni and Shane anarkali and addressed her fans. She then alongside other dignitaries including the Managing Director of Kalyan Jewellers lit the auspicious lamp and said a few words of her association with the brand Read more…
Promart opens store at Dwarka with Neha Dhupia
Promart Retail- a discounted retail chain and value format concept, announced the opening of its store at Dwarka with Bollywood actress Neha Dhupia. The store is spread across 2380 sq. ft near Rajapuri Chowk and this is Promart’s first store in New Delhi. Former Miss India, Neha Dhupia, officially raised the curtains with great pomp and show amidst a large audience. The Bollywood actress graced the occasion by posing with the winners of the ‘Meet and Greet’ contest organized by Promart’.
The store houses an extensive range of kids wear, ethnic wear; casual and formal wear for men and women. Brands like Pepe, Arrow, Lee, Mufti, Puma, Spykar, and Wrangler are available at upto 60% discounts throughout the year. Due to the winter season around the corner, Promart has stocked up brands like Lee, John Player and Agamic with sweatshirts, jackets and sweaters that will be available in the store. Promart offers amazing deals and discounts for a seamless shopping experience to all its buyers in the price range of INR 49 upto INR 1899.
On this occasion, Ashish Garg, Managing Director, Promart said, “Though our focus lies in the Tier II-Tier VI cities, we got an opportunity to open a store in Dwarka, and hence we opted to take this up as a challenge. We will only look at opening stores in the metros at the right time and right place. Promart is currently working on opening 100 stores by the FY2012-13.
Announcing the new store at Dwarka, Punit Agarwal, Chief Executive Officer (CEO) Promart, said, we feel that having a store which is situated on the outskirts of Delhi was the apt choice to make as rentals are low and people here do not have much choice to shop. The either have to travel within the heart of Delhi for their shopping needs or do not have a choice when it comes to quality products at reasonable prices. Hence, with the launch of this store, we are confident of serving our customers by offering them exciting deals and discounts every day.”
Overwhelmed with the response, Neha Dhupia said,” It feels great to be a part of the Promart family. I have earlier visited one of their stores and was pleasantly surprised at the amazing collection that the store has under one roof. I am hopeful that people will also get to catch the trendy and affordable mix of brands at the most affordable price points.”
ARROW celebrates ‘The Suits Carnival’
This December, Arrow celebrates the festive season with ‘The Suit Carnival’ – the most extensive range of suits and blazers, with Body-tailored and Zero Calorie fits
Arrow Leisure Suits are officially not for official occasions. Add a small dash of flair to your chill out wear. A leisure suit can pull together an outfit with understated style. Perfect for brunches, beer afternoons with pals from work or a reunion. Arrow has a wide collection of suits for every man, ranging from classic black to neutral camel, cream and navy blue.
Arrow Ceremonial Suits are for those days that come just once in a lifetime, special days for which you need to be dressed in your finest. The fit of a suit is perhaps the most important aspect when it comes to that 'perfect made for him' look. Whatever form the ceremony takes, it certainly merits your sharpest appearance. Be it weddings, dinners or New Year celebrations, Arrow offers you suits to suit all occasions. Read more…
P N Gadgil arrives in Aurangabad, Thane and Hadapsar
175 years old P N Gadgil Jewellers entered Marathwada which was a much sought after by P N Gadgil Jewellers. The glorious brand renowned for craftsmanship and credibility is adding a glittering touch to the Western Maharashtra and Marathwada.
P. N. Gadgil is opening new grand showrooms in Aurangabad, Thane and Hadapsa, Pune. The spacious 6000 sq. ft. showroom in Aurangabad is set to be inaugurated on 16th December 2012 in the presence of Rang de Basanti fame Soha Ali Khan, Shivsena M.P. Shri Chandrakant Khaire and the inauguration will be at the hands of Shri Dajikaka Gadgil. The 4200 sq. ft. Thane Showroom is strategically located in a prime, well connected area. The 10,000sq.ft Hadapsar Showroom is nestled at the premium location opposite Magarpatta City.
The showrooms house a range of traditional and modern gold ornaments including necklace, mangalsutra, chains, bangles and an exclusive heritage Jewellery. The glory of the showrooms is a special section of Jadau, Polki, Chakri Diamonds and traditional Maharashtrian ornaments, beautifully and intricately crafted by PNG. Read more…
Max brings fun back into fall with their latest Winter collection
Fashion is moving towards its eclectic best and so is Max! This winter, Max the leading value fashion brand in the country, has unveiled its stellar Fall Winter 2012 collection. Mix ‘n’ match is the key of the season, giving fashionistas the creative license to experiment with different trends & looks. Stunningly designed, this collection captures contemporary fashion whilst reflecting international quality and style.
Men’s and Women’s wear:
Jackets in various styles, which are both functional and fashion-forward, are the theme this season. Quilted denim casual jackets, patterned zip thoroughs, hoodies, biker jackets, floral bombers and also classic jackets give more of a chic look. So, Layer up in style this season.
The Sweatshirts category has a combination of the athleticism of winter outdoor sportswear with current street fashion. Details such as color blocking, geometrical shape inspirations, variations on traditional silhouettes, quilted fabrications, varsity inspired prints & applications are the highlights. The non hooded sweatshirts also have a varsity touch to it.
The Sweater category is seen in variations of argyle patterns (placement/repeats), Fair Isle & Scandinavian patterns, engineered stripes, cable structures, and stripers. The main collection continues to offer cottons and acrylics. Styles are seen in cable and self structured fabrics. Mock layering, shawl collar, sleeveless, crew and v necks are the styling variations found.
Classic Mirinda unveils two new flavours Apple and Grape
PepsiCo’s popular in addition to its classic Orange taste, Mirinda introduces two flavours -Apple and Grape. Mirinda’s the three fantastic flavours and colours beautifully blend old with new. The launch takes forward the legacy of Mirinda to surprise while adapting to modern trends and taste.
The new campaign is also in line with Mirinda’s unique ability to present the traditional spiked with uncontrollable fun and freshness. The Mirinda galatta gives everything original, an unexpected and hilarious twist.
The two new flavours are being launched with a quirky ad film which is a colourful and remixed rendition of the legendary song sequence from a classic blockbuster “Moondru Mudichu” and features leading actress and Mirinda brand ambassador, Asin. Directed by the National Film Award winning Tamil Director, Gautham Menon, the ad recreates the classic love triangle from the film and sees Asin in a boat where her two suitors are vying for her attention. As they try to outdo each other, the drama unfolds with a unique Mirinda twist. The soundtrack of the ad is a catchy and modern remix of the classic track "Vasantha Kala Nadigalile". Read more…
Pepe Jeans London introduces AW12 collection "Academy"
Pepe Jeans London presents a plethora of interesting outfits, produced in a seasonally appropriate palette of colors and designs, the new trend “Academy” which renders the ideal of layering, combining and revamping the way people dress. With sporty-casual approach to style, Pepe has tried to keep the collection simple though stylish yet attractive and rugged in a trendy way, developing a unique personal look.
“Academy” Collection by Pepe Jeans pulls off the sporty casual trend to its best. It relies on a few simple combinations of pieces to create a set of looks that are more than a sum of their parts. Details are used to great effect, making each piece individual. The collection showcases a versatile range of clothing that allows the rugged man look.
This contemporary collection of sports-inspired casuals has been developed with an active lifestyle in mind. Collegiate sportswear mixes with modern jersey-led casual to channel an unmistakably masculine look designed to fit the bill on the streets as well as the locker room. Zip-through hooded tops appear alongside funnel-neck, track-tops, sleeveless hoodies, and nylon track blousons for an easily layered collection which is brought to life through a kaleidoscope of sports-inspired graphics. Read more…