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Grofers launches its own milk brand
Posted On : Thursday, June 20, 2019, 10:25 AM
Online grocery company, Grofers, has forayed into the milk business with the launch of its milk brand- G-Fresh Milk. With this launch, the company said, it has joined the efforts of FFRC set up by FSSAI to fight micronutrient deficiency in India by making fortified milk accessible to millions of its consumers. The new G-Fresh Milk is fortified with Vitamin A and Vitamin D as per the standards laid out by FFRC set up by FSSAI, the company said in a statement.
Myntra to set up 30 experience centres
Posted On : Thursday, June 20, 2019, 10:06 AM
Fashion e-tailer Myntra Wednesday said it is setting up 30 experience centres across major cities where customers can receive orders and try items as part of its efforts to enhance customer experience. Started as a pilot a few months ago in Bengaluru, the Flipkart-owned company has now set up five of these experience centres in Delhi-NCR, Bengaluru and Hyderabad ahead of its End of Reason Sale (EORS) later this month. "We started the pilot a few months ago with an experience centre in a Bengaluru tech-park where we receive a large number of orders. At these centres, we will offer value-added services like order pickup, instant returns, trial room and alterations of products," Myntra Jabong Head Amar Nagaram told. This not only results in better customer experience but also brings down cost of returns as customers can receive faster replacements, he added.
RBI fines HDFC Bank Rs 1 crore for not reporting bank frauds
Posted On : Wednesday, June 19, 2019, 10:50 AM
Reserve Bank Tuesday fined country's largest private sector lender HDFC Bank Rs 1 crore for not reporting frauds and non-compliance with other directions. The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency, the RBI said. "Examination in this regard revealed violations of RBI directions on 'KYC/AML norms' (know your customer/anti-money laundering)and on reporting of frauds," RBI said on its website. A notice was issued to HDFC Bank on why monetary penalty should not be imposed for non-compliance with the directions, the apex bank said. The fine was imposed through an order last Thursday after considering HDFC Bank's reply, oral submissions made during the personal hearing and additional submission made, the apex bank said.
Google Maps will alert you instantly if you are breaking this traffic rule
Posted On : Wednesday, June 19, 2019, 10:42 AM
Google has rolled out a new feature for the Android version of Google Maps app that will show you at what speed you are driving your car. Dubbed as Speedometer, this feature can be found in the “Settings” menu of the Google Maps app and needs to be turned on manually. This new feature comes after Google had earlier rolled out speed limit feature. After testing the new speed limit and speed camera reporting feature for a couple of years in select countries, Google is finally rolling out this feature to 40 countries including India. With speed cameras being deployed in several cities in India, this new Google Maps feature might actually help you avoid traffic cops and fines. While the new speed limit feature warns users about the speed limit on a particular route, the new speedometer feature will accordingly alert drivers as to whether they are speeding or not.
Amazon India most attractive employer brand, Microsoft India 2nd: Survey
Posted On : Tuesday, June 18, 2019, 11:34 AM
E-commerce giant Amazon India is the most attractive employer brand in the country followed by Microsoft India and Sony India, says a survey. According to the Randstad Employer Brand Research (REBR) 2019, Amazon scored high on financial health, utilisation of latest technologies and a strong reputation. Microsoft India emerged as the runner-up, followed by Sony India. Others in the top 10 most-attractive employer brands in India for 2019 include Mercedes-Benz at 4th position, IBM (5th), Larsen & Toubro (6th), Nestle (7th), Infosys (8th), Samsung (9th) and Dell (10th).
Paytm rebrands its gaming platform Gamepind as FirstGames
Posted On : Monday, June 17, 2019, 10:55 AM
Paytm is rebranding its gaming platform Gamepind as FirstGames, which claims to have garnered over 30 million registered users since launch in February 2018. With over 300 games and quizzes for gaming enthusiasts, the company is clocking a run rate Gross Merchandise Volume (GMV) of Rs 20 crore monthly, it said. The fintech firm is also looking to raise $30 million to expand its gaming platform and scale it with more games, according to people familiar with the matter. Players can win Paytm cash, movie tickets, flight tickets, and physical goods such as two-wheelers, according to the company’s blog post.
Flipkart cash burn at $1 billion under Walmart
Posted On : Saturday, June 15, 2019, 3:01 PM
Walmart-owned Indian e-commerce company Flipkart has burned nearly $1 billion since the US retail giant acquired a majority stake in it, regulatory filings showed, as it pushes aggressively to stave off rival Amazon for control of the country's online marketplace. Walmart last week disclosed in regulatory filings that Flipkart had $1.2 billion in cash and cash equivalents on its books as of April 30, down from the $2.2 billion the Indian company held in August 2018 when the US retail giant invested $16 billion for a 77% stake.
Zomato tests drone technology; reduces delivery time
Posted On : Thursday, June 13, 2019, 11:05 AM
Food-aggregator, Zomato has successfully tested its maiden drone delivery tech, a move that will reduce the time and energy to deliver food at customers doorstep. The test was conducted using a hybrid drone, with a fusion of rotary wing and fixed wings on a single drone. It was successfully and seamlessly able to cover a distance of 5 km, in about 10 minutes, with a peak speed of 80 kmph, carrying a payload of 5 kgs, the company said in a statement. "Today, the average time required for Zomato’s biker fleet to deliver food is 30.5 minutes. If we consider long-distance deliveries – let’s say, getting paranthas delivered from Chandni Chowk (in the heart of Delhi) to Gurgaon (outside Delhi), covering a distance of about 35 km) in less than 30 minutes – it would be impossible on a bike, or on the metro, or even with Usain Bolt. Here is where drone tech can change the game," the company said.
Flipkart leads in smartphone sales with 53% share in Mar qtr
Posted On : Wednesday, June 12, 2019, 9:32 AM
Belying exceptions that smartphone sales offline will gain momentum owing to restrictions imposed as part of the new e-commerce policy, sale of smartphones through online channels reached its highest levels of 43% in the just-concluded quarter, while that through offline declined 4%. The new e-commerce policy, which came into effect on February 1, imposed restrictions on marketplaces influencing the pricing of products, exclusive sale relationships between platforms and vendors, and limits on sellers’ share of inventory on the portals, among others. Flipkart emerged as the leader of the online market with a 53% share of the overall smartphone sales, but Amazon gave a tough fight, growing faster than the former with a 38% year-on-year growth to capture 36% of the market.
Amazon most trusted among Internet brands in India
Posted On : Tuesday, June 11, 2019, 10:38 AM
E-commerce major Amazon is the most trusted among the Internet brands in India, followed by Google and Facebook, according to a recent report by TRA Research. Among the 32 Internet brands surveyed, Indian messaging app Hike ranked fourth, beating Facebook-owned Whatsapp, which ranked 10th, said brand intelligence and data insights company's "Brand Trust Report 2019". Indian accommodation service provider and online hotel room aggregator Oyo Rooms was at the fifth position. The Indian online taxi aggregator Ola ranked sixth, way ahead of US-based Uber, which ranked 14th.
Mondelez cuts sugar content in Cadbury Dairy Milk by 30%
Posted On : Monday, June 10, 2019, 6:42 PM
India’s biggest chocolate brand Cadbury Dairy Milk has stripped down sugar content by 30%, making it the first brand in the Rs 10,000-crore domestic chocolate market to make such a move. India and UK are the first two markets of Mondelez to do so. “We are empowering consumers to snack right; this is the first time ever we are doing something like this,” Mondelez India president Deepak Iyer said. The 70-year-old Cadbury Dairy Milk, the company’s oldest and biggest brand in the country by value and volume, contributes 50% to Mondelez’s India business. Company officials said the existing Cadbury Dairy Milk will continue. Mondelez remains category leader in chocolates with 65% share.
TV sales roll on World Cup pitch
Posted On : Friday, June 7, 2019, 9:34 AM
Sales of television sets on e-commerce platforms Amazon India and Flipkart have grown significantly on the back of cricketing events like IPL and the ongoing World Cup. For Amazon, the category has grown 50% in each of March and April, compared with what it sold in February this year, said Garima Gupta, category leader-TVs at the Indian unit of the US-based company. A Flipkart spokesperson said the e-tailer had witnessed a 25% increase in television sales during IPL 2019 versus IPL 2018, with a predictable spike in the South, likely due to Chennai Super Kings progressing to the final of the tournament.
Swiggy launches 'Daily' app for homestyle meals
Posted On : Thursday, June 6, 2019, 4:40 PM
Homegrown food delivery startup Swiggy launched "Swiggy Daily", an app to give consumers access to a variety of simple homestyle meals prepared by home chefs, tiffin service providers, and organized vendors. Launched in Gurugram, the service will expand to Bengaluru and Mumbai in the coming months, Swiggy said. The app allows users to schedule their meals in advance or opt for a daily, weekly or monthly subscription. "There is a growing demand for quality and affordable everyday meals. With a mix of organised vendors and home chefs, Swiggy Daily will cater to this latent demand for homestyle meals that are an affordable, long-term solution for our daily food needs," said Sriharsha Majety, CEO, Swiggy.
Zomato rolls out 26 weeks paternity leave
Posted On : Thursday, June 6, 2019, 3:26 PM
Food aggregator Zomato has set a new benchmark for paternity leave in India. It has announced 26 weeks paid leave for new fathers. "There won’t be even an iota of difference in parental leave policy for men and women at Zomato going forward," Zomato founder Deepinder Goyal said in a blog on Monday. Citing a lack of universal paid paternal leave as the core issue that leads to fewer women leaders in organisations, the community, and the nation, Goyal said this resulted in a pressing lack of diversity across all levels of the organisation and needs to be solved proactively. This policy also applies to cases of surrogacy, adoption, and same-sex partners. The new parents will also be given an endowment of $1000, per child.
McDonald’s to pay Rs 70,000 for insect in burger
Posted On : Thursday, June 6, 2019, 3:11 PM
Almost five years after he ate a burger with an insect in it at a McDonald’s India food outlet and fell sick, a Delhi resident is set to get Rs 70,000 compensation after the Delhi State Consumer Disputes Redressal Commission upheld the order of a district forum. Sandeep Saxena, who lives in a east Delhi, had gone to the McDonald’s outlet in GIP Mall, Noida, on July 10, 2014. He had ordered a ‘McAloo Tikki’ burger besides other stuff. Saxena realised there was an insect inside the burger after he took a bite, following which he started vomiting. To his utter shock, when he opened the burger, he saw an insect which looked like an ant, or a mosquito, or a cockroach.