Writankar Mukherjee

  • E-commerce firms tie up with retailers and e-grocers to help in last mile delivery

    E-commerce firms tie up with retailers and e-grocers to help in last mile delivery

    Uber, Domino's Pizza, Rapido, Zypp, Swiggy, Zomato and Scootsy have all ventured into grocery delivery in partnerships with retail chains such as Big Bazaar, Spencer’s Retail and Nature's Basket, and online grocers BigBasket and Grofers that are grappling with a massive shortage of employees due to flight of several migrant workers to their hometowns.

    Lockdown effect: Restaurants, cinemas & retailers at malls seek zero rentals till May

    Lockdown effect: Restaurants, cinemas & retailers at malls seek zero rentals till May

    The ₹4.2 lakh crore restaurant industry, which employs over seven million people, is staring at store closures, job losses, and significant erosion of profits and revenue because of the lockdown and social distancing norms. Force majeure refers to rare and unanticipated events, beyond the control of the concerned party that prevents him from fulfilling a contract.

    Impulse food supply runs dry on lack of clarity over government rules

    Impulse food supply runs dry on lack of clarity over government rules

    While different ministries have issued various guidelines to allow transportation of foods in general, these don’t mention specific categories. Hence, district-level authorities have only been allowing movement of essentials such as rice, edible oil, sugar, salt and pulses.

    Drinkers and smokers to pay more for their habit

    Drinkers and smokers to pay more for their habit

    Liquor hops in certain parts are selling through the backdoor only to select customers at a premium since liquor shops are closed throughout the country with the exception of Kerala where Indian Made Foreign Liquor (IMFL) is currently being sold. Production and supplies of both liquor and cigarettes have been suspended since the lockdown announcement.

    Apple hikes iPhone prices by 5% due to increase in GST

    Apple hikes iPhone prices by 5% due to increase in GST

    The government last month increased GST on smartphones to 18% from 12% earlier, while in the Budget it increased net import duty by 2% by withdrawing the exemption on social welfare surcharge which was earlier available on the basic custom duty on mobile phones.

    Retailers selling cigarettes and liquor in black hike prices

    Retailers selling cigarettes and liquor in black hike prices

    While grocery shops are the only ones selling cigarettes since pan-and-cigarette shops remaining closed for the 21 days lockdown, these retailers are selling packs at Rs 5-15 more than their printed price citing limited stock, a senior industry executive said.

    Vinod Nambiar joins More Retail as MD

    Vinod Nambiar joins More Retail as MD

    Nambiar joins the 650-odd store retail major with over 30 year experience in Hindustan Unilever India and Colgate. He was earlier with Colgate in his last assignment where he was the president for Asia-Pacific region and was also the chairman for Indian operations. He takes over the responsibility from Sumeet Narang who is the founder and managing director at Samara Capital.

    Losses incurred by retail trade is around $30 billion- CAIT

    Losses incurred by retail trade is around $30 billion- CAIT

    The Indian retail sector comprising 70 million small medium and big traders employing 450 million people, does a monthly business of around $70 billion, estimates CAIT. The body said the retail sector is the worst hit.

  • No blogs yet have been written by the author, we’re sure the author will contribute one soon

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service