India | Pixr8 News

4Aug By Press Trust of IndiaNo Comments

INDIA

GST Bill a Game-Changer For Indias Economic Growth

The US India Business Council has termed the passage of GST bill by the Indian Parliament as a "game-changer", saying it is a significant milestone in efforts to improve the countrys ranking in World Banks ease of doing business index. The council congratulates Indian Government and members of Parliament for approving the Constitution (122nd Amendment) Goods and Services Tax (GST) Bill, 2014, an official statement by the US India Business Council (USIBC) said. This is a significant milestone in Indias ongoing efforts to improve its ranking in the World Banks ease of doing business index, it said. USIBC believes that the GST is a game-changer that will boost economic growth by streamlining domestic supply chains and removing the compliance burden of contradictory state tax regimes,...

Uber Launches Scheme For Local Taxis and Autos

28Jul By RishabhNo Comments

News

Uber Launches Scheme For Local Taxis and Autos

Taxi aggregator Uber today announced the Mi Pan Malak scheme to encourage taxi and auto drivers across the megapolis to join its platform. Under the scheme, the drivers can avail of offers and services through Ubers partnerships with leading financial institutions and car manufacturers with a down payment of as low as Rs 25,000, Uber said in a statement here. (more…)

My Learning From Chinese Citizens About Indian Online Market

25Jul By No Comments

BLOGS

My Learning From Chinese Citizens About Indian Online Market

We often compare India with China, especially when it comes to online markets. Both countries have a lot of similarities. They have a huge set of diverse population that are culturally, linguistically, geographically, and socially varied. Their primary language is not English. But, there are some glaring differences between the two countries, too. And we should learn from them. In my most recent visit to China, I met over 15 companies (large and small) in the IT and digital technology space. Their respective founders or their representatives presented their growth and plans to over 25 CEOs from Indian companies. Here are my key takeaways from the trip: Learn Globally. Implement Locally China has a large captive market to cater to. About 30% of the Chinese founders I met...

22Jul By Press Trust of IndiaNo Comments

INDIA

Indian Companies Can Now Obtain PAN or TAN Registration Within a Day

Companies can now obtain PAN or TAN registration within a day if they submit digital signature certificate-based application, thereby ensuring ease of doing business, Income Tax department said today. Besides, individuals can now get a new Permanent Account Number (PAN) through Aadhaar-based e-signature facility which will reduce the effective time in allotment. For fast-tracking the allotment of PAN and Tax Deduction and Collection Account Number (TAN) to company applicants, digital signature certificate-based application procedure has been introduced on the portals of PAN service providers -- NSDL eGov and UTIITSL. "Under the new process PAN and TAN will be allotted within one day after completion of valid on-line application," a tax department statement said. Similarly, a ne...

Flipkart Emerged as The India’s Most Preferred E-commerce Platform

3Jul By AnkitaNo Comments

News

Flipkart Emerged as The India’s Most Preferred E-commerce Platform

India's most trusted e-commerce brand Flipkart has emerged as the most preferred platform across the nation. The e-commerce portal stands out on the customers preferences, reported a consumer study conducted by research firm Red Seer Consulting. The platform that offers maximum value for money and a wider meaningful assortment has been voted highest among all e-commerce platforms in India, which includes customer support, ease of return, refund and reverse pick up speed. The survey titled 'The Indian e-tailing Leadership Index' is based on over three thousand customer interviews and six thousand delivery instances across the country. Some of the parameters that customers across India were surveyed include brand trust, value, product variety and availability, ease of return, web and a...

Only 3% Mobile App Users in India Spend Money on In-App Purchases

1Jul By AdityaNo Comments

ANALYSIS

Only 3% Mobile App Users in India Spend Money on In-App Purchases

Just about 3.1 per cent of mobile app users in India spend money on in-app purchases compared to 5.2 per cent globally, according to a new report. However, Indian users spend almost as much as global average for in-app buys. "Only 5.2 per cent of users spend money on in-app purchases globally and in India it is 3.1 per cent. The average paying user however spends USD 9.60 in monthly transactions per app with purchase activity globally -- and USD 8.78 in India," said the State of In-App Spending report by AppsFlyer, a mobile marketing attribution analytics company. The report based on In-app Purchase (IAP) behaviors of more than 100 million mobile app users across over 1,000 apps - found that, overall, Asian users spend 40 per cent more on in-app purchases than the rest of the world wh...

Mobikwik Started Cash Pick Up Service in Gujrat’s Business Hub Surat

29Jun By No Comments

News

Mobikwik Started Cash Pick Up Service in Gujrat’s Business Hub Surat

Mobikwik - the largest independent mobile payments company in India with over 32 million users and a network of 100000 merchants has launched cash pick up in Surat. With this launch, MobiKwik users in Surat can now load their wallet with cash from the convenience of their homes or offices. Upon request, a MobiKwik representative will reach user's location within 30 minutes and load user's wallet with cash instantly. Speaking on this launch, Upasana Taku, co-founder, MobiKwik said, "Cash pick up by MobiKwik is a unique service that helps us serve those who want to load their wallets with cash, instead of cards or net-banking. The service is also extremely helpful for unbanked users, who can now convert their cash into mobile money" MobiKwik is the only wallet in India that allows cash pic...

IRCTC Tie-Up With Defence Food Research For Better Food Quality in Trains

28Jun By AdityaNo Comments

News

IRCTC Tie-Up With Defence Food Research For Better Food Quality in Trains

Seeking to upgrade its catering operations, Indian Railway Catering and Tourism Corporation (IRCTC) today signed an agreement with the Defence Food Research Laboratory (DFRL) here for transfer of technology in food and beverage processing and packaging. Under the agreement, DFRL, a Defence Ministry establishment under Defence Research and Development Organisation (DRDO), will transfer the technical know how and testing for quality assurance to IRCTCs ready-to-eat packaged food for the rail travelers. The Licensing Agreement for Transfer of Technology (ToT) was initiated by IRCTC Chairman and Managing Director (CMD) A K Manocha and DFRL Director Rakesh Kumar Sharma, an IRCTC release said. "IRCTC has been taking several new initiatives to upgrade, professionalise and standardize its cat...

Online Education Platform Coursera Focussing on Tie-Up With Indian Enterprises

27Jun By AnkitaNo Comments

News

Online Education Platform Coursera Focussing on Tie-Up With Indian Enterprises

Online education firm Coursera is focussing on partnering Indian enterprises for corporate learning solutions as part of its efforts to expand its presence in the country. Coursera, which counts India as its third largest learner market after the US and China, has 1.3 million users here. Globally, it has a user base of 19 million learners. "India is a priority market for us in 2016 and we are making significant push here. We are building features into the product specific to local needs," Coursera Senior Advisor Nikhil Sinha said. He added that the company is also in discussion with various Indian educational institutions for offering courses through its platform to global users. Sinha said the aim is to be a tool that people use for both "educational benefits and career ...

Rs 10k Smartphone Segment in India to Grow 44% in 2016: Report

27Jun By NitishNo Comments

ANALYSIS

Rs 10k Smartphone Segment in India to Grow 44% in 2016: Report

The under Rs 10,000-smartphone segment is expected to grow 44 per cent this year, constituting 70 per cent of the market, a CMR report said. According to the research firm, smartphone shipment in the country is expected to grow to about 130 million handsets this year from 97 million last year by 163 brands. "The entry-level or sub-Rs 10,000 accounted for 75 per cent of the market in calendar year 2015 with 153 brands shipping in the price bracket," it said. For 2016, the segment is forecast to constitute about 70 per cent of the estimated 130 million shipment (91 million), it added. "The sub-Rs 10,000 segment is expected to grow at 44 per cent, driven by consumers upgrading from feature phones to smartphones," the report said. The mid-tier segment (Rs 10,000-20,000 bracket) is e...

Tata Starbucks Will Now Offer Indian Coffee in The US Market

27Jun By AnkitaNo Comments

News

Tata Starbucks Will Now Offer Indian Coffee in The US Market

Tata Sons and Starbucks have finalised multiple new joint initiatives to expand their collaboration at a global level, apart from building the iconic American coffee chains brand and business here. The initiatives include sourcing Indian coffee for the US market, introducing the Teavana brand of specialty teas in Indian stores, expanding the market of the Tata-owned mineral water brand Himalayan and skilling over 3,000 youths, the companies said. Tata Sons Chairman Cyrus Mistry met Starbucks Chairman and Chief Executive Howard Schultz last week in Seattle and finalised these initiatives, which will be rolled out by the year-end, the companies said in a joint statement today. The two groups have been running Tata Starbucks coffee chain in the country since October 2012 as part of a joi...

Infographic: How Domino’s is Winning The Pizza War In India

25Jun By NitishNo Comments

Story

Infographic: How Domino’s is Winning The Pizza War In India

Domino's Pizza in India is dominating the market. With a 70% share of the pizza market and 16% share of the total QSR (Quick Serve Restaurants) market they are clearly in first place. India's QSR market may reach Rs 25k in the next 5 years. Studying how Domino's has internationalized for the India is an MBA case study being written daily. In this article you will see why they are winning: 1. Centralized Management Domino's in India is run by Jubilant food works as a master franchise (source). This single owner concept is a big reason for speed & success. In other countries, Domino's has many different store owners that need communication from corporate. In India, corporate communicates only to Jubilant. They have been able to plan and execute with complete cont...