India frozen food market projected to grow at a CAGR of around 15%

India frozen food market projected to grow at a CAGR of around 15%

According to TechSci Research report, “India Frozen Food Market By Product Type, By Organized vs. Unorganized, Competition Forecast and Opportunities, 2011 – 2021”, India frozen food market is projected to grow at a CAGR of around 15%, during 2016-2021. “Frozen food market in India is growing due to convenience associated with frozen food products. Demand […]

India withdraws the Legal Tender status of INR 500 and INR 1,000 banknotes

India withdraws the Legal Tender status of INR 500 and INR 1,000 banknotes

Government of India have withdrawn the Legal Tender status of INR 500 and INR 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016.  This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism […]

Amazon plans to set up digital wallet in India

Amazon plans to set up digital wallet in India

E-tailer giant Amazon is planning to set up a digital Wallet in India. The company, as a part of its initiatives to create an online payment business, would create the new digital Wallet system through acquisitions, a local newspaper reported quoting insider sources from the company.  The plans were revealed at a time when Flipkart, […]

Online Grocery in India estimated to develop at 55 percent

Online Grocery in India estimated to develop at 55 percent

Newly released market research study shows that the online grocery market in India would develop at 55 percent through 2021. The report released by TechSci Research, a global market research and consulting company with offices in Canada, UK and India suggests that the easy availability of products and improved logistics will help the country achieve the […]

Walmart realigned its India operations to Emerging markets (EM) portfolio

Walmart realigned its India operations to Emerging markets (EM) portfolio

US retailer Walmart realigned its India operations to Emerging markets (EM) portfolio. This means that India would not be a part of its Asia region any more. The retailer has also announced that Enrique Ostal would take charge as the Executive vice-president and CEO of its operations in Latin America, India and Africa. This would be an added responsibility to Enrique […]

Zomato becomes the first Indian e-business startup to become profitable

Zomato becomes the first Indian e-business startup to become profitable

India’s biggest food startup and food delivery company, Zomato, reported that it has earned back the original investment in a few major markets – including India – and will hit profit by mid-2016. When it does as such, Zomato will be the first Indian e-business unicorn to become profitable, a critical point of reference in a business sector where Indian […]

Mobile phones bought from Amazon India are no longer eligible for refund

Mobile phones bought from Amazon India are no longer eligible for refund

In a surprising move, Amazon india has announced that mobile phones fulfilled by Amazon are not eligible for refund. The change in the return policy was updated through its India website on February 7th. According to the new rules, shoppers who purchase mobile phone from Amazon would not be in the capacity to return the phones […]

Amazon India’s loss expands to $ 254 million even as sales jumps six-fold

Amazon India’s loss expands to $ 254 million even as sales jumps six-fold

Amazon’s net loss from India business augments to $ 254 million even as sales hop six-fold. Amazon Inc’s net misfortune for the year finished March 2015, taking the joined misfortunes of the ‘Big 3’ online firms counting Flipkart and Snapdeal to Rs 5,052 crore as they chased for purchasers by offering profound discounts. Amazon Seller […]