Asmita Dey

Asmita Dey covers new economy at Financial Express.

Articles By Asmita Dey

30 Articles

Flipkart pins hopes on Big Billion Days sale, sets stiff target

The Bengaluru-headquartered firm is looking to clock gross sales that are 11 times more than on a normal business day, persons in the know said.

Flipkart, festival sale, Big Billion Days sale, flipkart Big Billion Days, normal business day, industry news

All-India vendors’ body voices concern over Amazon’s new ‘regional visibility programme’

As per sellers, there will be additional compliance costs of GST to take registrations and additional place of business in each state and fulfilment centres of Amazon apart from the burden of filing returns in each state.

All-India vendors, Amazon, Amazon India, New Delhi, GST, AIOVA News

Looking to raise up to $100 million before going to IPO: Upasana Taku, co-founder MobiKwik

MobiKwik co-founder Upasana Taku tells FE’s Asmita Dey that the firm has launched new businesses and is on track to become the top digital credit card issuer in the country very soon.

MobiKwik co-founder Upasana Taku News

Lipstick Index shows full colour in India

The lipstick index — women splurging on the lower cost cosmetic instead of bags and shoes during a slowdown — might be discredited globally, having been replaced by the nail polish index in the current decade, but it cert

The domestic market size (in terms of sales) of lipstick reached Rs 34.80 billion in 2018 from Rs 27.02 billion in 2016, data from Euromonitor International showed News

IKEA India plans to offer lower prices, source more

The easier norms for local sourcing by global single-brand retailers Peter Betzel, CEO, IKEA India, tells Asmita Dey could see it sourcing much more than merely textiles. IKea is aiming to reach 100 million Indian customers i

 IKEA, Peter Betzel, IKEA India CEO, single brand retailers, FDI, IKEA online stores, IKEA Hyderabad News

Reliance Jio first day first show: Movie production and viewing may get a new dimension

PWC’s Basu reckons producers might well prefer a theatrical release for a big budget film. Or for films made for screen audiences.

Industry News

Zomato, Uber Eats, Swiggy and Foodpanda asked to stop ‘predatory practices’

NRAI also expressed grievance over the flouting of contract terms by aggregators.

Industry News

Future Group to vie with Mukesh Ambani’s Reliance, Walmart for India’s grocery retail pie

Under a successful hybrid model, India’s online grocery penetration may move to about 6% as is the case in China and South Korea, which is a $30-billion opportunity, analysts said.

Industry News

Grofers adds SoftBank’s $170 million to cart

Tiger Global Management has invested close to $19.99 million while Sequoia Capital invested $1.99 million and Abu Dhabi Capital Group $9.9 million, according to documents sourced from paper.vc.

 Grofers, SoftBank, Grofers funding, industry news, FMCG, grocery News

Amazon, Flipkart discounts boost online spending

Given that proliferation of cheap internet is prodding consumers to take to online shopping, online firms' aggressive pitch to consumers to push sales can be understood.

As more and more people shop online, they are attracted by deep discounts and cashback offers News

Lifestyle enters partnership with Flipkart to sell its private labels online

Lifestyle International MD Vasanth Kumar told FE the alliance is aimed at generating 15% of the retailer’s sales from online channels in the next five years from 2%-3% currently.

Lifestyle, Flipkart, strategic partnership, private labels, Lifestyle International News

Singapore fund seeks CCI nod to buy 37.5 pct in Aakash Educational services

The investment, analysts at paper.vc estimate, could be upwards of $500 million.

Aakash Educational Services, aakash offer for sale, Aakash Educational Services sale, Aakash Educational Services share, Aakash Educational Servicesstocks, investment in Aakash Educational Services, Aakash Educational Services Singapore VII Topco I, Competition Commission of India News

Rivigo expects to turn profitable in current fiscal

Gurgaon-based Rivigo's losses increased by about 100% to `244.95 crore in the year to March 2018 compared to the previous year.

Rivigo revenue, Rivigo rating, Rivigo annual report, Rivigo earnings metrics, Rivigo market, Rivigo shares, Rivigo stocks, Rivigo earnings, Rivigo sales News

Flipkart to invest heavily in technology, supply chain, says CEO Kalyan Krishnamurthy

Flipkart Group CEO Kalyan Krishnamurthy talks to FE’s Asmita Dey on the sidelines of the event.

Industry News

Fully believe Indian consumers will embrace LifeWear concept: Yukihiro Katsuta, head and research of development, Uniqlo

Japanese retailer Uniqlo is set to make its India debut with three stores in New Delhi this year.

Uniqlo, Fast Retailing, LifeWear clothing concept, Yukihiro Katsuta, FDI in single-brand retail News

Netflix drops price, needs top class content

While Netflix’s content is believed to be more popular than that of Amazon Prime Video, the latter offers a one-day delivery service — a part of its e-commerce offering — a big draw.

netflix, netflix 199 plan, netflix mobile plan, netflix 199 plan india, netflix cheapest plan in india News

Scale and size of Indian market make it more challenging: Nigel Baptiste, director, partner engagement, Netflix

Nigel Baptiste, director, partner engagement, tells FE’s Asmita Dey about the company’s plans for India and the partnerships it is looking at.

Netflix, Nigel Baptiste, Netflix mobile plan, Netflix india, netflix paln rs 499, netflix plans details News

Oyo, RA Hospitality seek CCI nod for combination of entities

SoftBank's shareholding in the firm stands at about 45.69%. However, it may have further risen to 48% as reportedly, SoftBank purchased some shares from Greenoaks under a secondary transaction.

OYO, OYO rooms, OYO  life, India, RA Hospitality Holdings, industry news, Ritesh Agarwal  News

Govt may bring separate policy for electronics to boost FDI

Under the current local sourcing norms, the government mandates foreign companies investing beyond 51% in single-brand retail trading in the country to locally source 30% of the value of products sold.

policy, electronics, FDI, industry, Budget, foreign direct investment, PMO, IKEA, H&M, industry news, MSME, FDI, FDI inflow, DPIIT News

Baba Ramdev’s Patanjali says calling product ayurvedic doesn’t make it one; people can spot fakes

There is a significant demand for our products but due to cracks in the supply chain, we have not been able to make inroads into rural India.

Acharya Balkrishna, MD & co-founder, Patanjali Ayurved News

Byju’s raises $150 million in fresh funding, valued at $5.5 billion

Funding led by Qatar Investment Authority; also sees participation from Owl Ventures

Founded in 2011, Byju’s claimed to have tripled its revenue to Rs 1,430 crore in the year to March 2019. (Website Image) News

YouTube Music vs Spotify vs Jio-Saavn: Music lovers spending more time on global streaming apps

Although Spotify and YouTube Music’s users spent less time on the apps in May compared with April and March, it was still higher than the time spent on the local apps.

YouTube Music, Spotify, Jio Saavn, Wynk, Gaana News

Budget 2019: Why fuel cess will have cascading effect on prices

Budget 2019: Higher transportation costs could hike prices of FMCG and white goods

Union Budget 2019 India News

Budget 2019: Streaming services, blogs may attract ‘Google tax’

Budget 2019-20: The government collected over Rs 550 crore from the equalisation levy in FY18, nearly thrice the amount of Rs 200 crore collected in 2016-17.

DigiLocker, KYC, digital KYC, online Aadhaar, offline Aadhaar, know your customer News

Hunger Games: Swiggy’s swag in volumes matches rival Zomato’s zing in reach

Food delivery platform Swiggy may have edged past its competitors to become the most used app, but rival Zomato continues to have more reach.

Industry News

India Post Payments Bank eying to be preferred gateway for govt subsidy transactions

To boost volumes for its payments business, India Post Payments Bank (IPPB) is demonstrating its last-mile reach through its massive network of access points so as to become the preferred banking partner for various subsidy t

Banking & Finance News

GOQii vs Flipkart: Online vendors’ association to file plea

Flipkart and Amazon jointly command close to 80% market share in the country’s e-commerce sector, according to analysts.

GOQii vs Flipkart: Online vendors' association to file plea News