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V2 Retail’s expansion plan, 100 outlets by March 2019

V2 Retail’s expansion plan, 100 outlets by March 2019

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Image Source: Owler Fashion and Apparel retailer V2 is planning for an expansion, they are setting a target to double its reach. Recently it is having 48 outlets throughout the country but they want to expand to 100 outlets by March 2019. V2 is present mainly in tier II and tier III cities and they are also targeting to achieve an annual growth rate of 40% for next 2-3 years. They are also aiming to increase its revenue contribution from the in-house brands which includes Herrlich, Godspeed, Stylla and Zavinci. Currently, they account for 15% of total sales. It was formerly known as Vishal Retail. Now, this expansion plan will likely to boost V2. More at The Economic Times
Indians are downloading mobile Apps but are they spending big bucks?

Indians are downloading mobile Apps but are they spending big bucks?

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Image Source: creative.wideinfo.org Indians surpasses Us in 2017 regarding mobile app downloads. Increase in population and smartphone market penetration has made India a big market for the mobile apps. According to a report by App Annie, Indians had downloaded 12.1 billion apps whereas the US had downloaded 11.3 billion in 2017. But the question is is India spending big bucks on these or they are just getting downloaded? China stands first in spending on apps with $33.2 billion followed by the US who spend $15 billion. Whereas India is on 30th position with $0.2 billion spending. Most of them downloaded from Google Play in India but in case of spending, it is very less. Spending is dominated by IOS in India. On an average Indians have 78 apps downloaded on their phone but they u
‘Cautiously Positive’ outlook for Indian IT in 2018

‘Cautiously Positive’ outlook for Indian IT in 2018

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Image Source: News18.com Nasscom said that the information technology (IT) sector of India's outlook is 'cautiously positive' for the year 2018.  Eliminating speculation about 2018 being the comeback year for the concerned industry, the president of the industry body Nasscom, R Chandrasekhar has clarified neither was a decline or a massive revival was predicted for this year. He added that people proclaim a major revival very quickly, which is a problem. He said there are many phase lag and the outlook for the current year is 'cautiously positive'. For short-term the global economy is good; US economy is doing well, which usually does translate into greater IT spending even though it may not be visible today. There are old challenges as well as new once.  More at The Economic
Mumbai Dabbawala Association join hands with Paytm Payments Bank

Mumbai Dabbawala Association join hands with Paytm Payments Bank

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Image Source: IndianCEO Mumbai Dabbawala Association, well-known for its homemade food delivery across Mumbai partners with Paytm Payments Bank. Paytm Payments Bank is a bank that provides zero balance account and zero online transaction charges. With this, over 5000 dabbawalas now can receive instant payment for their services through Paytm QR. However, they are going to get benefits also of having a bank account and they are going to earn 4% interest on the savings account and up to 6.85% on wealth management accounts. Dabbawala Association can collect instant payment without the hindrances of handing cash from around 2 lakh Mumbai people. They can also avail withdrawals and deposits of cash from "Paytm ka ATM". More at The Economic Times
Flipkart to invest in deep-technology in Silicon Valley

Flipkart to invest in deep-technology in Silicon Valley

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Image Source: techwireasia.com Online retailer Flipkart is planning to invest around $25 million in at least one artificial intelligence startup to boost its technology. Flipkart is likely to invest in deep-technology in Silicon Valley for upgrading its technological infrastructure to compete with the online retail giant Amazon. Flipkart is lagging behind at least 4-5 years in respect to its technological advancement. Whereas, its rival Amazon is having a huge technical base globally.  Flipkart has experienced lots of exit of technology executives and reshuffle of engineering staffs since 2017 hence it was difficult for the company to focus on deep-technology. Now as per the report the company is looking forward to acquiring AI startups who can bring deep-technology. More at T
What is Good and Bad for you in The Union Budget 2018

What is Good and Bad for you in The Union Budget 2018

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Finance Minister Arun Jaitley has presented Union Budget 2018 today, know what is good and what is bad for you. Income Tax slabs of individuals remained unchanged this budget. However, it has given reasons for joy for senior citizens by increasing deduction under section 80D from Rs.30,000 to Rs.50,000 for them, an exception on interest income will be increased to RS.50,000 which was earlier Rs.10,000 on all FDs and RDs of banks and post offices. The budget 2018 also provides an increase in the investment limit to Rs. 15 lakhs which was previously Rs.7.5 lakhs in Pradhanmantri Vaya Vandana Yojana. Although there is no reason for cheers for salaried people. Arun Jaitley has reintroduced standard deduction of Rs.40,000 from the salary of personnel, but it will take away the existin
372 action points to improve Ease of Doing Business

372 action points to improve Ease of Doing Business

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Image Source: moneycontrol.com The government of India has announced 372 action points to improve the Ease Of Doing Business in India. Arun Jaitley while presenting the Union Budget 2018 today said that, Government has identified 372 basic business action plans for each state which they would follow in a "mission mode". To improve the Ease of Doing Business reforms, every state will carry on these basic actions and Centre will evaluate the performances of states on the basis of feedback from industries. This would attract more investment and a good business climate for the investors. Latest Doing Business report of the World Bank for 2018 shown India's position in rank 100th among 190 nations. India has jumped 30 places in ease of doing business and government is aiming to rank i...
SIDBI to offer loans directly to MSMEs without the Intervention of Banks

SIDBI to offer loans directly to MSMEs without the Intervention of Banks

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Image Source: i.ytimg.com Small Industries Development Bank of India has started directly to lend funds to industries without the intervention of commercial banks. The medium and small-scale industries now will get more benefits and getting loans will become easier. SIDBI, besides refinancing loans to banks and other financial institution started to directly finance the MSMEs to empower the startups and small and medium businesses. Becuase of the new move around 5 crore businesses to get benefitted.  SIDBI to provide the fund to MSMEs directly from its 80 branches spread across the country below market rates, and if any business needs funds from any place where the branch is not present they can opt for online mode of getting loans. They are approving online loans and till date,
Patanjali Ayurveda, a Potential Market Leader in FMCG

Patanjali Ayurveda, a Potential Market Leader in FMCG

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Image Source: Digital Info Box Patanjali Ayurveda is aiming to overtake country's biggest FMCG company Hindustan Unilever. A company which was merely a pharmacy 10 years ago now a consumer goods giant in India. Although HUL's annual sales shown a figure of Rs. 34,487 crores for the FY 2017, Patanjali Ayurveda has accounted sales revenue of Rs. 10,561 crores for the FY 2017. The revenue may be just one third that of Hindustan Unilever's, but Baba Ramdev-founded company has shown tremendous growth in recent years and is surely a potential market leader in FMCG segment. The five top products that helped the company's growth are Cow's Ghee, Dant Kanti Toothpaste, Ayurvedic Medicines, Keshkanti Shampoo and Soaps. More at The Economic Times
Tiger Global and Y Combinator funded Razorpay with $20 million

Tiger Global and Y Combinator funded Razorpay with $20 million

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Image Source: Pixabay Razorpay an online payment startup based on Bangalore raises $20 million from Tiger Global and Silicon Valley's prominent accelerator Y Combinator. The early investor in the company, Matrix Partners also participated in the recent fundraising round. Razorpay is a payment company that provides online payment facilities for the merchants in India. Razorpay founded back in 2013 and it was an initiative by the alumni of IIT Roorkee. Their aim is to revolutionize online payments by providing clean, developer-friendly APIs and hassle-free integration. They offer a fast, affordable and secure way of online payments. This online payment startup is the second Indian company who was selected for Y Combinator's startup program in Silicon Valley. The company will inv