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Asmita Dey

Asmita Dey covers new economy at Financial Express.

Articles By Asmita Dey

180 Articles

CCI investigation: Flipkart, Amazon challenge Karnataka High Court order before division bench

In September 2020, the CCI filed an appeal in the Supreme Court against the interim stay order issued by the Karnataka High Court, following which fresh hearing in the case started in the High Court.

The case, which dates back to January 2020, saw several hearings and submissions made by the parties concerned before the single judge dismissed the plea of the two e-commerce players last week, giving CCI the go-ahead to launch a probe against them.

Business recovery: Malls, restaurants pin their hopes on faster Covid-19 vaccination

A quick recovery will also help some malls support their staff, many of whom had been temporarily taken off payrolls due to stretched finances. Viviana Mall, for instance, had to cut about 50% of its employee strength during

If a shopper earlier spent Rs 1,000 on an average, he is spending Rs 1,600 now. Among product segments, electronics has already seen a near 100% recovery while departmental stores and active wear categories are clocking significant sales.

Rental economy gets pandemic boost as consumers turn cost-conscious

Online platform Furlenco, which rents out furniture, smart television sets and white goods to consumers, said it has seen an increase in its user base, which has translated into a 20-30% rise in monthly sales.

Urban Company valuation at $2.1 bn post $255-m fundraise

The company, which offers a range of regular and specialised at home services is also considering broadening its global footprint and some of the locations it is looking at are Indonesia, Malaysia, Hong Kong and Taiwan.

Audio streaming gains popularity as homebound listeners seek variety

Companies are building on their slate of podcasts, a segment that is increasingly finding favour with more users

With an estimated 57.6 million monthly listeners, India is the third-largest podcast listening market after China and the US, according to analysts at PwC

Eateries launch own ordering websites

“We used Instagram to market the brands. The marketing costs are justified given that we are building the brands for the long term,” Bhanage said.

Devidayal, who runs Mumbai-based dine-in brand The Table and four delivery only brands, said currently about 25% of her company’s total delivery revenues come from direct sales and 75% via aggregators.

PhonePe in talks to buy Indus OS for $60 million

If the negotiations are settled well in time, the deal could close in the next four to eight weeks, they said.

PhonePe did not respond to FE’s queries.

M&A is part of how we will seek growth in this ecosystem: Mayank Kumar, co-founder, upGrad

Many learners in the country aim to crack government jobs after completing their degree education.

Mayank Kumar, upGrad co-founder and MD

Stalled Shoots: OTTs may acquire content to strengthen pipeline of new releases

Most content companies FE spoke to said they may not be able to meet their quarterly targets and that some scheduled launches would be delayed. However, content planned to be released before June will stay on schedule since p

Netflix, Amazon Prime Video, Eros Now, SonyLiv, Voot did not respond to FE’s queries.

After Radhe, more movies look at alternative release avenues

“Given that cinemas in major markets are unlikely to open in the near term, producers may also rope in players like Tata Sky as a satellite partner for broader coverage. Internal discussions within the industry suggest that

Some production houses are however still keen on having a wide theatrical release. YashRaj Films has reserved its entire 2021 slate — including Ranbir Kapoor-starrer action film Shamshera and Prithviraj with Akshay Kumar — for releases in the cinemas.

Star may take a big hit as IPL called off

Star has paid a staggering Rs 16,347 crore to acquire the IPL broadcasting rights for a five-year period ending 2022.

“The health and safety of players, staff and everyone involved in the IPL are of paramount importance,” the broadcaster said.

With crowdfunding, logistics and innovative products, start-ups pitch in to tackle Covid crisis

Noida-headquartered Vehant Technologies has developed a thermal screening camera that can detect the temperature of people in real time. The product also has a visual camera facility that can capture if a person is wearing a

The start-up is helping Covid-19 patients and suspected patients with consultations, arranging for beds, connecting them with plasma donors and providing transportation to hospitals through its network of more than 3,400 ambulances.

Survival at stake: Radio needs to re-invent itself

A recent analysis by EY showed the radio sector would take the longest time to recover from the impact of the pandemic; even by 2023, estimated revenues of Rs 2,750 crore would be smaller than the Rs 3,110 crore earned in 201

Even if advertising revenues recover, which they are, given how the digital segment of media and entertainment (M&E) is becoming more popular by the day, radio operators will need to re-invent themselves if they want to survive.

As more states impose curbs, e-commerce companies brace for operational challenges

Although they are better equipped to deal with the crisis this year than the last, a varying set of regulations mandated by individual states have made the task arduous.

Small businesses, which sell a significant share of these products, will be impacted due to the cancellations.

Start-up funding touches new high in 2021

Besides large venture capital funds like Prosus Ventures, Tiger Global and SoftBank that have made big bets on a bunch of local start-ups, many institutional investors and pension funds are investing in online businesses.

With Sizing, retailers can also pay attention to tracking the customer's needs based upon their size.

Covid-19 resurgence: Retailers seek rental concessions as businesses get affected again

As local authorities in many parts of the country are imposing fresh restrictions to tackle a renewed surge in coronavirus infections, upsetting business recovery, retailers are back to the negotiating table with mall-owners

The weakening financial profile of tenants, particularly of highly impacted sectors, is exacerbating the situation, Icra said.

Going viral: Theatres postpone releases amid fresh surge in Covid-19 cases

Already, Yash Raj Films’ Bunty Aur Babli 2 and Punjabi film Puaada, initially slated for April screening, have postponed their releases for now.

“There is a dip in footfalls, the momentum ahead will depend on further curbs and checks issued by authorities if any,” Sawhney says.

Covid-19: Second wave unpalatable for restaurants in Maharashtra

With night curfew from today, business will be hit harder

Already, owing to the rules that had been in place in the state (prior to the second wave), revenue generation and footfalls have been 20%-30% less compared to other parts of the country. (Representative image)

Byju’s in talks for fresh $700-million fund raise

In an interview with FE in September last year, founder & CEO Byju Raveendran said the company added more than 25 million free users on the platform between April and August compared to just above 40 million in the first four

Byju’s, which claims to have as many as 80 million registered users and 5.5 million subscribers, has seen its revenues grow at a compounded 125% over the past three years to approximately $400 million.

Retailers rewrite strategies to woo shoppers

Fabindia and Hidesign believe that since the target customers of brands often overlap, it makes sense to offer them the ease of shopping in one place.

Netflix to premiere over 40 India originals this year

Netflix that competes with global players Amazon Prime Video, Disney+Hotstar and a clutch of home-grown services like Zee5 and AltBalaji in India has been devising ways to get more subscribers on to the platform; whether it i

A lot more people joined the service last year and experimented with varied content, says Shergill.

Malls may unveil Victoria’s Secret stores as early as next year

“We do not have concrete information yet about the kind of outlet they will introduce here, whether it will only be a beauty store like the ones they have at the airport or if it will be a full lingerie store. If they only

Agri-tech: Slowly but steadily making gains

Transactions on the platform have increased five-fold post Covid. This company will soon help fund farmers who purchase agri inputs on the online marketplace.

Also with consumers now willing to spend a lot more on healthy foods that have less chemical content farmers too seem willing to try out technology to make their produce healthier.

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.

“There is a dip in footfalls, the momentum ahead will depend on further curbs and checks issued by authorities if any,” Sawhney says.

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.
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