BIG BAZAAR
Reliance JioHotstar domain saga: Is domain flipping the next big online hustle to make quick bucks?
Internet enthusiasts are buying domains to profit, but big gains require skill and patience. Experts say domain flipping can be profitable if done right, but success requires skilled research and early trend-spotting, not blindly chasing popular domains. All you need to know about domain flipping
Etailers ramp up employee wellness as festive sales heat up
As festive sales peak, etailers like Flipkart, Amazon, Myntra, and Meesho are enhancing employee wellness measures. These include live bands, fashion shows, wellness challenges, and more to keep morale high. With consumer demand subdued, companies aim for strong sales through higher discounts and promotions.
PB Fintech shares dive on plans of healthcare foray; should you worry?
PB Fintech share price dropped over 9% after the company indicated plans to enter the healthcare space. Rahul Jain from Dolat Capital discusses the company's strategy and its implications for investors. The move aims to create an ecosystem, but concerns remain about the scale of the investment and its impact on valuations.
Next-gen e-commerce: BigBasket¡¯s Hari Menon to track the quick-commerce surge and currency of speed amid big opportunities¡ªregister now to join the Fireside chat at ET Soonicorns Summit 2024
At the ET Soonicorns Summit 2024, on September 20, learn from disruptors to take ownership of your startup¡¯s journey and scale it to the next level. In a Fireside chat, BigBasket¡¯s Hari Menon will dive deep into the previously written-off but now booming quick-commerce sector, share BigBasket¡¯s diversification playbook, and discuss what the future holds for the sector in terms of growth and opportunities. Bengaluru is calling!
Reliance expands trading area by 50% for non-food & general merchandise chasing higher margins
Reliance Retail, India's largest retailer, is expanding its non-food and general merchandise trading area by 50% in grocery stores to boost margins. This move supports its hyper-local e-commerce platform Jiomart. The company aims to double its business in the next 3-4 years and is focusing on premium segments as disposable incomes rise.
Technology's grip on modern life is pushing us down a dimly lit path of digital land mines
The risks are being amplified by the tightening control of a corporate coterie popularly known as "Big Tech": Microsoft, whose software runs most of the world's computers; Apple and Google, whose software powers virtually all of the world's smartphones; Amazon, which oversees data centers responsible for keeping websites running (another key service provided by Microsoft and Google, too, in addition to its e-commerce bazaar); and Meta Platforms, the social networking hub that owns Facebook, Insta and WhatsApp.
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'Heeramandi' review: Netizens laud Sanjay Leela Bhansali's period drama as a captivating spectacle
Sanjay Leela Bhansali's 'Heeramandi: The Diamond Bazaar' is a period drama set in Heera Mandi during India's independence movement, featuring a stellar cast. The series generated buzz before its Netflix release, with social media reactions mixed but generally positive. Bhansali described it as his most ambitious project. The series intricately explores themes of independence, power, and love, portraying the lives of courtesans and their patrons in Heeramandi.
Godfrey Phillips woos Reliance, Tata & DMart to put 24Seven in their bags
Godfrey Phillips India had said in an exchange filing on April 12 that it plans to exit the loss-making 24Seven convenience chain "following a detailed review of the company's retail business division". The negotiations will hinge on valuation, said one of the persons cited. "The (Modi) group leadership has held talks with groups which have obvious synergies, as of now. The talks are at different stages," the executive said.
2024: A space odyssey; hypermarts cut shelf space as Q-comm occupies mindspace
Hypermarkets in malls are losing space due to declining sales due to quick commerce apps like BlinkIt and Zepto. Mall operators like Landmark Group's Spar India have reduced store sizes and closed some outlets in Delhi NCR and Bengaluru. Reliance Smart Bazaar and Deerika Hypermart have also experienced a decline in sales. The trend has shifted from hypermarkets being the big draw to dining as the new pull factor.
Gold rush to summit sees demand trampled
Gold prices soar in Kolkata's Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors.
Amazon¡¯s Bazaar to challenge Meesho; AI & edtech
Amazon has started onboarding sellers from across the country and is asking them to list unbranded products, priced at Rs 600 or less. The platform will offer products like apparel, watches, shoes, jewellery and luggage.
Yashish Dahiya on 3 factors will lead to higher profitability for PB Fintech looking ahead
Yashish Dahiya of PB Fintech, discusses the contribution margin and EBITDA margin of the business. He highlights the significance of renewals and the higher margin they bring compared to fresh business. Dahiya also mentions the impact of ESOPs and the company's strategic focus on expanding services and controlling more of the value chain. He mentions investments in Visit Health and the company's plans for account aggregation, payment aggregation, and reinsurance brokerage.
Global, domestic brands bet big on smaller cities
Most non-metro cities are established trade and business hubs and are now witnessing multinational corporations and start-ups setting up offices as well. The growing population in tier-II cities is further propelling demand for a diverse range of retail offerings.
Dealshare founder, president of retail business in race for CEO post
¡°There is a review going on since Rao stepped down as the CEO. Singh and Medda are the two candidates from the existing management. But the (proceedings) are being run by (a) third-party firm to follow due process,¡± a person briefed on the matter said.
Future Retail approaches liquidation as efforts to secure buyer fall short
Future Retail confirmed the insolvency professional's move to initiate the liquidation process. The application for liquidation under Section 33 of the Insolvency and Bankruptcy Code, 2016, was filed with the National Company Law Tribunal (NCLT), Mumbai bench, on November 9.
New patterns coming up in India and we have to predict those to make money: Pashupati Advani
¡°The equipment manufacturers are definitely there, the cement is also seeing some life, steel is seeing some life because these are all essential ingredients for any kind of construction and that is the sector I have been looking at and I have nibbled at over the last three, four months.¡±
Delhi man loses over Rs 1 lakh in Big Bazaar discount ad scam on social media
A total of Rs 40,000, Rs 39,900, and Rs 40,000 were deducted from the man's account. Delhi man realised that his debit card had been hacked when he noticed these unauthorised transactions, leading him to block his debit card and report the incident to Flipkart and ICICI Bank.
Buzzing Stock: Future Retail hit 5% upper circuit. Here's why
The company owns large and small format stores under the Big Bazaar Brand. It also has a 100% subsidiary which runs nearly 100 stores under the WH Smith brand. The shares of the subsidiary could be available for a buyer to purchase. The company also owns the Foodhall brand of stores though the stores under the brand number are under ten currently
Dealshare appoints Big Bazaar ex-chief as president of retail business
Kamaldeep Singh will head the company's online and offline business and will report to Vineet Rao, cofounder and chief executive of Dealshare, the company said.
Reliance Retail turns Future¡¯s Central into Centro fashion stores
Reliance took control of over 200 Big Bazaar stores, 34 Central stores and 78 Brand Factory outlets after Future Group defaulted on payments for renewing leases in April. With the new fashion & lifestyle departmental store format, Reliance Centro, will compete with Shoppers Stop and Lifestyle.
NCLT admits Bank of India's insolvency plea against Future Retail
The Mumbai bench of the NCLT has allowed the initiation of insolvency proceedings against Kishore Biyani Group company Future Retail Ltd. In April this year, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.
Future Enterprises offers one-time settlement via sale of assets
Future Group, of which FEL is a part, failed to clinch a Rs 24,713-crore deal with Reliance Industries to sell its retail assets. FEL manufactures, designs, procures and distributes fashion apparel for group companies.
What happens to the Big Bazaar vouchers after the stores have been taken over by Reliance?
A source quoted in the report said that the money cannot be refunded since the accounts of Future Retail have been frozen. An industry executive said that the 30 stores still remaining with FRL can be used to redeem the vouchers.
Reliance Retail to set up own stores in Future's locations, launch many soon
Smart Bazaar will have a bigger focus on everyday apparel and general merchandise than Reliance Retail's existing Smart supermarkets, modelling them on the lines of Big Bazaar so that consumers can feel connected.
'The shops are gone': How Reliance stunned Amazon in battle for Future Retail
Reliance's takeover began with utmost stealth on the night of Feb. 25 when its staff began arriving at Future stores. Many in Future's management were in the dark about the plans as store employees from all over the country frantically began to call, according to people with direct knowledge of the matter.
Future, Amazon lawyers agree to initiate talks for an out-of-court settlement
The Supreme Court said it will hear the matter again on March 15 and told the three parties Amazon.com, Future Retail (FRL) and its promoter Future Coupons Pvt Ltd (FCPL) to find ways to reach a settlement. Senior lawyers Harish Salve, representing FRL and Mukul Rohatgi, appearing for FCPL, agreed to the proposal.
Reliance to take over operations of 250 more Future Retail stores-sources
The plans - which sources said will be executed within weeks - come after Reliance took possession of and started rebranding about 200 of Future's Big Bazaar supermarkets over the weekend, and is set to further hollow out Future, which has been at the centre of a pitched battle between Reliance and Amazon.com Inc.
Future Retail suspends supermarket operations as Reliance plans takeover
Reliance Industries Ltd will rebrand the Future stores after the company failed to make payments for them to Reliance, sources said on Saturday, closing most outlets of the popular Big Bazaar chain.
Reliance takes control of Future Retail stores, offers jobs to employees
Reliance Retail has started to take possession of the premises in which Future Retail is operating its stores such as Big Bazaar and replaced them with its brand stores, said sources close to the development. It has also started to offer jobs to employees of Future Retail stores and bring them on Reliance Retail's payroll.
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