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Asmita Dey

Asmita Dey covers new economy at Financial Express.

Articles By Asmita Dey

112 Articles

Discounts galore but consumers not ready to loosen purse strings

Biba is planning to postpone its mid-season sale till the end of July, which, otherwise, took place in June.

Store walk-ins are minimal but online sales are picking up —prolonged work from home and Zoom calls have made some room for wardrobe reshuffling.

Byju’s valued at $10.5 billion after fund-raising

The free live classes which were to be rolled out in July and August were launched in April due to the lockdown.

Film exhibitors pulling out all stops to get viewers back to the silver screen

Private screenings are also an option that can be looked at, although it may not be a rational idea given that exhibitors will need to incur the regular fixed costs apart from having to bear added expenses for sanitisation.

Inox said it will launch private screenings — wherein customers can book a full screen to watch movies within a familiar setting.

Milk demand spiked in lockdown 1.0; fruits, veggies boomed in next: Milkbasket INTERVIEW

For a brief period of 8-10 days immediately post the announcement of Lockdown 1.0, we saw a 2.4-2.5 times spike in daily demand; that obviously put a lot of stress on the entire supply chain.

Business strategy continues to remain the same — to keep servicing daily consumption needs in the most user-friendly and efficient manner.

Co-working companies delay expansion plans as Covid hits business

The pandemic-led disruption, nonetheless, is a short-term development and business should look up from the second half of the fiscal year, companies reckon.

After all, a price differential of nearly 15% over traditional office spaces (according to analysts) seems too lucrative a deal for potential clients to overlook at a time when the priority is cash conservation.

Unlock effect: Mall footfalls rising but business still dull

Rajneesh Mahajan, CEO at Inorbit Mall, hopes business will turn a little more brisk once youngsters start socialising at restaurants and movie halls because the quantum of transactions right now, when measured against pre-Cov

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Covid-19 effect: Ed-tech hiring up, health-tech hiring sentiment intact

According to a recent Nasscom report, about 92% start-ups are facing a dip in revenues after the pandemic struck. While nearly 62% are seeing revenue decline of over 40%, the fall is as much as over 80% for about 34% start-up

Mall owners reluctant to drop rents, enter into revenue-sharing pacts

Few are willing to drop rentals, though some mall owners have eased the load for retailers by allowing them to stretch payments over a longer period.

Others have waived the rent for the period of the lockdown but are unwilling to get into revenue-sharing agreements.

Unlock 1.0: Restaurants welcome govt’s move but wary of challenges

Sagar Daryani, co-founder & CEO at Wow! Momo, said a considerable number of migrant labourers had moved back to their native places, and the biggest challenge would be to operate with limited staff.

Also, with the major chunk of business transactions happening late evening, the restriction on movement beyond 9pm is very “demotivating”.

Homegrown brands cash in on PM’s push for local products

Vikram Agarwal, MD at Faridabad-based Cornitos, said the company will strategise on introducing healthier product variants that will resonate well with local consumers in the current times.

After Amitabh Bachchan’s Gulabo Sitabo, more films set to see OTT releases

With the theatres unlikely to be open at least for a few more months and losses piling up, producers are increasingly exploring streaming platforms to release their films.

Industry experts believe the absence of a theatrical release may not have resulted in any substantial loss to the producer.

Covid crisis: Restaurants staring at closures due to uncertainties over lockdown

As per Dineout estimates, of the 4,05,000 QSRs (quick service restaurants)/takeaways with CFT (cost for two) of less than Rs 700, nearly 90,000 will shut.

Airlines, hotels stare at large job losses

Airlines and hospitality — the two most distressed sectors with their entire business locked during lockdown — are clearly the most disappointed with the government’s economic revival package, as there was nothing speci

the aviation industry will crash-land this fiscal with revenue loss of Rs 24,000-25,000 crore in the April-June quarter.

Liquor industry pinning hopes on home delivery for business revival

Home delivery will also allow brands to establish a wider distribution footprint quickly.

Home delivery will also allow brands to establish a wider distribution footprint quickly.

Lockdown effect? Bollywood producers look to go over the top

As they brace for losses of anywhere in the range of Rs 500-600 crore, Bollywood producers are increasingly exploring releases on OTT (over-the-top) platforms.

Zomato’s new survival plan in absence of food orders faces threat from JioMart, kirana stores

While Zomato has diversified into grocery business amid falling food orders, the company will face even bigger threats from kirana stores and JioMart once the lockdown lifts.

Retailers’ online game plan in age of e-commerce; what happens to stores that don’t make money

Retailers are looking to double down on e-commerce to drive sales since consumers are more likely to click their way to shopping from within the safe confines of their houses.

Lockdown relaxation: E-commerce firms see demand for non-essentials rise manifold

Consumer demand for non-essential products with e-commerce firms has increased manifold after the government last Friday lifted the ban on sale of such products by e-tailers.

Amzon is seeing a demand for various kinds of smart devices, products related to electrical appliances, work-from-home enablers and clothes.

Amazon says India business worst hit

Losses for Amazon’s international operations soared to $398 million in Q12020 from $90 million in the year-ago period with operating expenses shooting up to $19.50 billion.  The global e-retailer’s net income for the qua

Cloud kitchen business faces Covid heat as order volumes dive

Shrijith Ravindran, CEO at Pune-based Chiranjeev Restaurant and Foods, said the firm started home delivery for its cloud kitchen brand Won China in the first week of April.

alcohol, beer, home delivery of alcohol, swiggy, zomato

Emerging models: Small firms giving up office space to save rent

Given the Indian economy could well contract in 2020-21,following the disruption to the pandemic, even bigger companies might enourage some employees to work from home. For small businesses there might be no other option.

“Rents account for about 8% of revenues and we can use the money elsewhere,” Kapoor added. (Representative image)

Oyo cuts salary, sends employees on leave

Oyo’s consolidated losses increased to $335 million in the year to March 2019 from $52 million in FY18 as expansion into international markets, including key market China entailed heavy costs.

COVID-19 lockdown: Small-budget films could be released on video streaming platforms

Makers of small-budget movies are quite keen on a direct-to-digital premiere in the current environment, Gada said.

Shemaroo Entertainment CEO Hiren Gada said the company is looking to stream films that could not make it to the theatres due to the lockdown.

Funding for e-commerce could slow to a trickle

Indian internet consumer businesses raised $2.1 billion from investors in the January-March period, about 14% less year-on-year, data from market research firm Tracxn showed.

Supply of non-essential goods by e-commerce companies to remain prohibited during Lockdown2 to fight COVID19: Ministry of home affairs

COVID-19 lockdown: No immediate relief in supply of goods

The stock of products with retailers currently is just about sufficient and distributors have been directed to supply them with quantities that will last for about four days or so.

Of the nearly 13 lakh long-haul trucks, over 2 lakh trucks are stranded, said Pradeep Singhal, chairman at All India Transporters’ Welfare Association.

Covid-19 effect: Content production companies stare at large losses

OTT platforms do have a buffer in their libraries but delayed production schedules will hit revenues.

Box Office: Goldilocks movies are now Bollywood’s biggest earners

The reign of the top five seems to be coming to an end – collections grew by just 4% compounded in five years – as the Khans fade away.

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