Beware….e-commerce websites might be selling you replicas

We all love to shop and nowdays online shopping is even more fun! E-tailers have made it so easy by offering a variety of products, delivered at the doorstep and at very competitive prices. Ever wonder how do they manage to give all of it at once? Something’s fishy…isn’t it? According to a Mumbai based apparel distributor, these large …

Millions of Vacant Houses in Urban India

We are well aware that the ‘construction’ projects are picking up real fast in and around the Urban India however, it is a bit strange to realize that most of the completed properties are still left “vacant”. According to a report by CBRE, there are close to 10.2 million housing units lying vacant in Urban India in parallel with the …

Samsung beats Apple in the Smartphone market

In the first quarter of this year, Samsung sales have increased phenomenally and it managed to overtake Apple in the ‘Worldwide Smartphone market’. According to the research group IDC, Samsung sold 82.4 million smartphones in the first three months of the 2015, for a 24.5 percent market share whereas Apple could sell 61.2 million iPhones for ~18% market …

Big value deal in IT space: Capgemini to buy iGate

Capgemini, the France based IT services major announced the acquisition of iGate, a US based IT service company for an all-cash deal valued at $4 billion. The deal is targeted to enhance Capgemini’s market presence in North American region, where iGate already derives 70 per cent of its revenues from clients like GE, MetLife and Royal Bank of Canada. …

Tesco invested Rs. 850 crore in India’s multi brand retailing

The growing purchasing power of Indian consumers is attracting a lot of foreign giants into the country. Recent addition is the investment made by Tesco, the British retail major, in multi brand retail trading, as informed by the commerce and industry minister Nirmala Sitharaman. Going a few years back, Tesco was the first global retailer …

Paytm and AliExpress in collaboration

Yet another big deal in the e-marketplace: the mobile commerce brand Paytm, based out of Noida, India has joined hands with AliEpress, which is an international online marketplace of Chinese e-commerce giant Alibaba. Ant Financial (Alibaba’s financial arm) picked up a 25 per cent stake in One97 Communications (that owns Paytm) in February for about …