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Asmita Dey

Asmita Dey covers new economy at Financial Express.

Articles By Asmita Dey

157 Articles

E-comm players work on strategies to woo the next 200 million

“Beyond a point it’s hard to manage cash on delivery transactions so it’s important to make users comfortable with paying online,” Razdan says.

Buyers would need a lot more hand-holding and this would call for a lot more interaction across multi-level touch points, perhaps even micro sites with a simple user interface within the main platform.

Bollywood in 2021: Theatrical releases back but some may still pick OTT

As budgets for originals and local acquisitions grow bigger, the outlay is projected to grow at a CAGR of 18% during 2020-25 to $1.6 billion, they said.

As Jehil Thakkar, partner at Deloitte India, observes, “The days when every film, without exception, would first go to the cinemas may not ever come back. Windowing is now up in the air.”

Offices 2.0 await employees this year; companies prefer adopting hybrid work model

At Flipkart, a bunch of employees who are not being able to work optimally from home have been permitted to come to the office.

Most of the staff will continue working from home till May, said a company spokesperson.

E-retailers must scale up to become profitable

Nonetheless, the market is getting competitive as players like Reliance Industries scale up and new entrants like the Tata Group come in.

As experts point out, it’s not as though the business models are in themselves unviable, it’s merely that companies continue to invest in acquiring customers.

Investors continue to support consumer internet companies

“There is a limit in terms of how much Arpus can grow and many a time unlocking more markets provides a better return on capital invested,” Danak pointed out.

More than 10 start-ups across sectors ranging from beauty to payments turned unicorn in 2020 against nine in 2019.

Film exhibitors contend for fresh content to pull crowds to theatres

Cinemas are looking forward to screening Sooryavanshi, 83, Radhe, Brahmastra, Bell Bottom, Pathan, Prithviraj, Jayeshbhai Jordaar and Laal Singh Chaddha this year

A number of movies of huge scale are currently at various stages of pre-release.

Restaurants gear up to launch delivery only brands

The choice of offerings on your delivery-only menus may get more varied. Indian restaurants are preparing to launch cloud kitchens and delivery-only brands to serve more patrons.

Social commerce emerging as a new model for small and medium businesses to transact

Apart from social media-led product discovery, business models like reselling and group-buying have also evolved within the space.

WhatsApp, Facebook and Instagram with a collective reach of over 400 million users allow businesses to tap into potential customers.

FDI ‘violations’: RBI, ED asked to take ‘necessary action’ on allegations against Amazon, Flipkart and Walmart

At present, while the DPIIT formulates and notifies FDI policies, any violation of such rules is dealt under the penal provisions of the Foreign Exchange Management Act (Fema). This Act is administered by RBI, and ED is its e

For their part, the e-commerce players have denied the charges and maintained that they abide by the relevant rules.

Despite corona vaccine, 2021 brings little hope for shopping malls

However, mall owners, many of whom have extended slab-wise discounts till March, say that rents are already down by as much as 25% in some places and rentals as well as footfalls would now be determined only after government

E-commerce in 2021: More action in B2B, more offline-online teamwork, new players

“Other players like smaller FMCG companies that were not working as closely with marketplaces will do so now else they might struggle,” Mathur explained.

India’s retail market is largely unorganised and the larger players will look to leverage the 12 million kiranas to grow their presence.

No box office dhamaka anytime soon: BO collections for 2020 may barely touch Rs 500 crore

Producer Anand Pandit who opted for an OTT (over-the-top) launch for The Big Bull is in two minds about the release of the thriller Chehre starring Amitabh Bachchan and Emran Hashmi.

Production houses have been unable to set up too many shooting schedules and, though a handful of films has gone on the floors, it could be a long time before we see regular Friday releases.

Prime time: Bollywood streaming paying off

The OTT firm is gearing up to launch a diverse slate of India originals in the coming years

Amazon Prime Video has acquired 19 (direct-to-digital) films across five languages.

Full Cart: Retail sector sees uptick in sales as festive season lifts consumer sentiment

The upcoming wedding season and anticipated demand for winter clothing should also hold retailers in good stead.

The brand aims to touch 100% of the pre-Covid revenue levels by December.

‘Suraj Pe Mangal Bhari’ may have earned Rs 60-65L on opening day; exhibitors hopeful of better reception

Released on November 15, 'Suraj Pe Mangal Bhari' is the only new Hindi movie to have premiered at the theatres. Shut for nearly seven months, exhibitors had been pinning their hopes on fresh releases to get audiences back.

It’s a deal: Reliance Retail Ventures buys furniture e-retailer Urban Ladder

Even as several online businesses thrive and Goldman Sachs estimates India’s internet will have a gross transaction value of $180 billion by FY25, a three-fold growth over current levels, the number of burnouts too is going

RRVL will buy a 96% stake for Rs 182 crore.

Holding On: Consumer start-ups continue to get funds

The sector is expected to see high growth; a report by TiE Delhi NCR-Zinnov showed that 55 million had signed up for ed-tech services between January and August.

That’s a good 42% lower than the amount mopped up in the corresponding period of 2019, as data from market research firm Tracxn shows.

Diwali box office: Fireworks on OTTs, a few lights in theatres

Though producers have a slate of films, they apprehend viewers aren’t ready to visit the theatres just yet and could therefore prefer an OTT release.

Unfortunately, it will be a quiet Diwali for the theatres this time.

Ad revenues: Digital, OTT stealing the show, televisions channels losing appeal

Analysts at KPMG estimate digital ad revenues will shoot up to Rs 29,200 crore in FY22, ahead of television channels who are estimated to make Rs 25,800 crore

Barring Dil Bechara, all other direct to digital releases are behind a pay wall.

Driving Demand: Keeping it festive, small-town India is a big shopper online

They’re seeing customers from Jhumri Telaiya, Cumbum Thottiyam, Tawang Jaunpur and Mokokchung transact on their marketplaces.

Fashion retailer Cantabil that sells men’s apparel said tier-2 and tier-3 cities have contributed about 80% of the sales.

On track to become Ebitda and cash positive by March 2021: Saurabh Kumar, founder, Grofers

Since the lockdown, we have acquired 18 lakh new customers and more than 70% of those who shopped with us in the first month of the pandemic are still there.

We expect this trend to continue in the coming months as there seems to be a natural demand for groceries online.

We are on track to become Ebitda and cash positive by March 2021: Saurabh Kumar, Founder, Grofers

Customers are making planned monthly purchases instead of going for top-ups. We have also seen an increase in demand for our private label products as value-driven products have become highly relevant in the current scenario.

He said the company is bullish on private label products and investing in them regularly to enhance their share in total sales on Grofers.

Cinema theatres set to resume operations this week, several releases lined up

Although a mix of Hindi, regional and international movies are in store to keep the show running, big releases will be critical to get businesses back on track, Bijli said.

PVR is opening 496 screens across 10 states and four union territories starting October 15.

Amazon readying for big play in Indian payments market with sizeable capital infusion

To this end both players, as also Walmart/Flipkart-owned PhonePe have, over the last couple of years, been working to build a presence at every storefront across the country.

Earlier this year, Amazon had invested about Rs 1,355 crore in the payments entity.

Pandemic push: OTTs place their bets on regional content

The platform is mooting creating originals in Telugu at a later stage as Viacom 18’s Colors Telugu channel has a considerable base in the market.

The firm announced an upcoming slate of 25 original series and two direct-to-digital releases taking the total number of such films to three. (Representative image)

WhiteHat Jr. deal will help us accelerate our international expansion: Byju Raveendran

But since it is platform plus content, the entry barrier is quite high for someone else to create an expansive library of content.

There is an increase across metrics and we have seen conversion rates going up.

Edtech, food delivery spaces attract bulk of investments

Investments, which had slowed considerably in May and June, falling below $170 million, gathered pace in July and August when firms raised close to $800 million.

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