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22Mar By AnkitaNo Comments

BUSINESS

Swiggy and PhonePe Tie-up for the Business Expansion

Swiggy, a food delivery app, and Flipkart's payment arm Phonepe have collaborated to provide more payment option to users during the food ordering payment. So apart from other online payment option, now you can pay via Phonepe wallet in the Swiggy app. PhonePe is currently being accepted by more than 60,000 online and offline merchants. "An increasing number of consumers are relying on online food ordering platforms like Swiggy for their food and beverage (F&B) needs," PhonePe Head of Business Development Pradeep Dodle said. Also, there is an introductory offer where people will get 25% cashback on PhonePe on their first order up to 100 Rs & 50 Rs on their subsequent order. This partnership with PhonePe gives our users many simplified payment options like UPI and PhoneP...

22Mar By PriyankaNo Comments

BUSINESS

Top Trending Business ideas in 2018

We are living in a time where emerging technology; Internet and Social Networking have created a land of abundant opportunities. Starting a new business today is lot more flexible and does not require enormous capital or high valued investment as it used to a few decades ago. Thanks to the power of technology and internet combined that has not only contributed significantly in changing the business landscape but has also created a scope for aspiring entrepreneurs to identify their “calling” and turn it into a business venture. Through companies like TrustRadius, it is becoming easier for businesses to interact with their audience/clients. Everyone has an opinion and what better way to voice it than through a review on the internet. Technology is always advancing, so businesses should us...

21Mar By Sheldan RungasamyNo Comments

BUSINESS

Ananda Plans 10 Crore Investment in UP

Ananda, a dairy and dairy products manufacturer installed two company owned, company operated (COCO) retails in Kanpur, Uttar Pradesh. The company is currently targeting launching about 150 stores in the city by FY 2018-19 with an investment of over Rs 10 crore to deliver quality dairy and dairy products to a larger customer base. The investment comes as a portion of an earlier pledge of Rs 500 crore to invest in the state made during the UP Investors Summit 2018. At the moment, Ananda boasts a total of six outlets in Kanpur excluding the two COCO stores launched yesterday in Ashok Nagar and MP Mill Sarvodaya Nagar. "The launch of these two stores today is a step closer to our goal to offer readily available healthy and nutritious products to our consumers. We see a huge potential...

10Mar By Sheldan RungasamyNo Comments

BUSINESS

JSW Now 50% Partner in Delhi Daredevils

A day after announcing their captain for the 2018 edition of Vivo Indian Premier League, GMR Group, owners of Delhi Daredevils announced they put ink on paper with JSW sports for an equal (50-50) partnership in their IPL franchise. The amount of the deal, however, remained confidential and the purchase is still subject to approval from the BCCI and other customary conditions proceedings. The IPL Governing Council is scheduled to meet on March 16 to seek into the matter but it only looks like a mere formality before a definitive confirmation. After investing in football, wrestling, and kabaddi, JSW Sports now ventures in the money-laden Indian Premier League following their investment in the Delhi Daredevils. The move does not come as a surprise as Sajjan Jindal's son Parth had previousl...

OLX Generates 3 Times Revenue With Pre-Owned Cars Category

8Mar By Sheldan RungasamyNo Comments

BUSINESS

OLX Generates 3 Times Revenue With Pre-Owned Cars Category

India's Online marketplace Olx has triple its revenue in the second-hand cars selling category by doubling its business seller base in 2017. The automobile category, which comprises of cars and bikes, is the most active section on the mobile platform and accounts for 45% of total user visits. 15,000 cars are up for sale on the app daily and each car obtains an average of above 1000 views. Additionally, in 65% of cases, a week is all it takes to sell a vehicle on the app. The market size for pre-owned cars in India presently stands at 3.8 Million units and OLX claimed to hold 77% of the market despite competing with CarDekho, CarTrade, Droom, Quikr, etc…. Moreover, OLX currently possesses 85% market share in consumer-to-consumer online trade and presently registers 6 billion page view...

Godrej Appliances Target 25%, Nearly 5000 Crore Revenue Growth in FY18-19

25Feb By NitishNo Comments

BUSINESS

Godrej Appliances Target 25%, Nearly 5000 Crore Revenue Growth in FY18-19

The Godrej Group sets target for its consumer durable's division Godrej Appliances nearly 5000 crores, 25 percent up in 2018-19. The group expected higher demand from tier 1 to tier 4 cities. The air conditioner (AC) segment of Godrej aims to increase its overall market share to 8 per cent from 5 per cent at present. The size of the AC market estimated to be 55 lakh units growing at a compounded rate of 20 per cent. However the penetration levels of AC is merely around 3.6-3.7 per cent in the country, according to industry estimates. The Air conditioners segment currently contribute close to 20 per cent of the Godrej revenues. "We should be close to Rs 4000 crore this financial year. We will be targeting a 25 per cent growth next year, at close to about Rs 5000 crore," Kamal Nandi...

Tech Mahindra to set up Centre of Excellence in Toronto; Invests C$100 Mn

23Feb By Sabhyata AgarwalNo Comments

BUSINESS

Tech Mahindra to set up Centre of Excellence in Toronto; Invests C$100 Mn

The Indian Multinational provider of IT, Tech Mahindra said that it would invest 100 million Canadian dollar over five years to set up a centre of excellence in artificial intelligence (AI) and block-chain. The news comes in light when the Prime Minister of Canada Justin Trudeau is visiting India with his family to promote enhanced bilateral collaboration between India and Canada. The company said that the investment is planned to focus on emerging technologies that are making innovations in industries. It further will serve to smart cities projects and fintech companies. Previously, Tech Mahindra had invested in startups working under the domain of automation, internet-of-things and artificial intelligence. The centre of excellence which will be set up in Toronto, would develop b...

How Tencent Becomes a Bigger Social Media Platform than Facebook

16Feb By RishabhNo Comments

BUSINESS

How Tencent Becomes a Bigger Social Media Platform than Facebook

Chinese internet giant Tencent Holdings has left Facebook Inc behind it and has become the world's most valuable social network company. Tencent is the company behind China's popular WeChat messenger and is the first company in China to be worth more than $540 billion. Tencent is right now sitting on an advertising goldmine and just 18% of its total revenue in FY 2016 came from online advertising. Comparing with Facebook's model: advertising makes up 98% of its total revenue. Tencent, however works on a different business model. Tencent- Early Start Tencent was started by Ma Huateng (aka Pony Ma) along with his four friends- Chen Yidan, Zhang Zhidong, Xu Chenye, Zeng Liqing in 1998. Its first product was launched in 1999 which was a free instant messaging PC service - OI...

Trump’s Harley Davidson Vs Modi’s Royal Enfield- The Beginning of Motorcycle War

14Feb By NitishNo Comments

BUSINESS, USA

Trump’s Harley Davidson Vs Modi’s Royal Enfield- The Beginning of Motorcycle War

The Supreme Leader of United States Donald Trump took a dig on India for high import tariff on Harley-Davidson motorcycles. Mr. President during a discussion with Congress members called it "unfair" and warned that in future they may increase the tariff on import of Indian motorcycles to the US. During discussion he said the recent decision of the Indian government to reduce the tariff from 75 per cent to 50 per cent was not enough and asked that it should be reciprocal, as the US imposes "zero tax" on the import of motorcycles. "We have so many countries where we make products, and they make products. We pay a tremendous tax to get motorcycles into their countries. But, Harley Davidson goes into certain countries. I won't mention the fact that it happens to be India, in this case,"...

How Negative Publicity Helped ‘Padmaavat’ Gain Huge Revenue

12Feb By RishabhNo Comments

BUSINESS

How Negative Publicity Helped ‘Padmaavat’ Gain Huge Revenue

It is generally said- "All's well that ends well" and it holds just right the entire team of Padmaavat. To our surprise the movie which was in doubt of hitting even a single cinema hall or multiplex, following huge outrage has somehow managed to recover all the investments made by co-producer Viacom18 Motion Pictures. The movie 'Padmaavat' whose named was changed from 'Padmaavati' was made at a cost of Rs 180 crore including P&A (prints and advertising) and distribution expenses. The movie has notched up Rs 307.05 crore in box-office collections as per the source Bollywood Hungama. However, since the film is still up and running, the figures may increase considerably. The figure- Rs 307 crore- is not as huge as it seems if you talk about profit of the co-producer. Only about h...

Twitter Booked Profit For The First Time Since It Went Public

9Feb By AdityaNo Comments

BUSINESS

Twitter Booked Profit For The First Time Since It Went Public

Twitter Inc for on Thursday, posted its first quarter results, which are rather surprising, as for the first time in its history as a public company it generated a hefty profit, thanks to its expansion outside the USA. As soon as the results were announced, the social networking platform experienced a massive boost of 12 percent in its shares, breaking the two-years record. In the fourth quarter of 2017, Twitter made a net profit of $91.1 million against the loss of $167.1 million for the same period, one year ago. Twitter has been running in consistent losses ever since it became a public company in 2013, is now expected to turn profitable all around the year 2018. Even though the number of people using the social media is going down, it is really promising that Twitter has found su...

Dell Says it will Explore IPO or Merger with VMware

4Feb By reutersNo Comments

BUSINESS

Dell Says it will Explore IPO or Merger with VMware

Computer maker Dell said on Friday it was considering a public offering of common stock or a combination with business software maker VMware, its publicly held subsidiary. Dell, the world's largest privately held technology company, is under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC for $67 billion in 2016 failed to meet financial targets, hurt by intensifying price competition. Combining with VMware would provide access to VMWare's $11.6 billion in cash, helping Dell trim its $52.5 billion debt pile. Last month's U.S. tax reform made servicing that debt more expensive due to caps on deducting interest expense. The combination would also make Dell a publicly listed company, offering a path for private equity firm Silver Lake to b...