Blackhawk Network sets up development centre in India
The centre currently has a 200-seater facility which it will fill over the course of the year. The major investments would be towards talent acquisition.
Vehicle retail sales nosedive in December in spite of discounts
The number of registrations at RTOs came down by 15% in December as compared ...
You’ll never find an entry point if you wait for India to trade at a discount: Bill Maldonado
Logically, money will go out of developed marke...
IT rejigs its bills as deals dry up
Financial engineering has been an industry practice for long, but its nature is now changing.
CCI orders probe against Amazon, Flipkart over discount practices
India's competition watchdog has ordered its investigative wing to probe Amazon and Flipkart over their discounting practices, exclusive brand launches on the platforms and the preferential treatment they have allegedly offered to certain mobile phones sellers.
Offline traders warn of Xiaomi, Samsung boycott over online discounting
Retailers have been relentlessly campaigning against exclusive deals, cashback offers, etc, by the two.
13 pvt cos bid to operate ONGC's 64 fields
A total of 13 private companies, including Oilmax Energy and Deep Industries, have placed bids for the operatorship of ONGC’s 64 small producing fields, according to people with knowledge of the matter.
Phone? Discount days may not be far off
Xiaomi, Realme and Samsung, which play both in the online and offline space, haven’t been able to clear inventory of old models in the October-December quarter while they continue launching new devices, industry watchers said. They added that Vivo and Oppo, who play mainly in the offline segment, also face similar issues but to a lesser extent.
How global investors traded Reliance Capital bonds at 70% discount amid revival hope
The discount narrowed to 70% in the latest transactions from 80% in trades in November.
Cyient Q3 revenue drops on one-time client discount; firm cuts jobs
The company’s revenue dropped to $155.2 million, from $165 1 million a year ago.
Discounts on BS-IV vehicles come down
Over the past three months, including the festive season, auto companies had given huge discounts — as high as Rs 1 lakh — to customers depending on the model. This was to reduce their BS-IV inventories leading up to the transition to BS-VI from April 2020.
Mobile phone retailers threaten brands of boycott unless online discounting is stopped
Cellphone retailers under the umbrella of their apex national body, All India Mobile Retailers Association (AIMRA) has informed brands like Xiaomi, Samsung and OnePlus that unless online discounting is controlled, retailers will deduct the difference and sell at online prices and may even consider boycotting the brand altogether.
In a first, Delhi Development Authority sells CWG Village flats at 30% discount
DDA was trying to sell about 120 premium flats in Commonwealth Games Village but was unable to do so due to high rates. About a decade ago, when the Commonwealth Games Village came up, some of the plush three-bedroom flats in the residential complex were sold for more than Rs 7 crore. DDA is now trying to find takers for unsold flats at a price of Rs 4 crore.
Digital payment gains should be used to acquire merchants, says Nirmala Sitharaman
The prebudget meeting on Friday was necessitated after the government waived off MDR for merchants on digital payments made through RuPay debit cards and Unified Payments Interface (UPI) devices from January 2020.
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