Category — Retail
ICT Service Management Solutions, owned by Taiwan’s Wistron Corporation (Apple’s original equipment manufacturer) will manufacture the iPhone SE at its factory located in Yeshwanthpur, a suburb of Bangalore.
Forbes reports that Wistron obtained an official certification from the Bureau of Indian Standards for Model A1723, which is the 4-inch iPhone SE with a small screen. “With its great screen with brightness and colors, it is an ideal phone for those who are using Apple for the first time. It will go well with Indian buyers,” said Amit Misra, an IT analyst from Bangalore. ”
With aim of getting a significant share in the India market, Apple discounted the iPhone SE to Rs. 19,999 or $310.
April 21, 2017 No Comments
A startup, Saathi (meaning ‘companion’ in Hindi), founded by three graduates from the Massachusetts Institute of Technology and a graduate from Nirma University in India, is hoping to improve access and waste disposal of sanitary pads for women in rural India.
275,000,000 women in India cannot access pads because they are too expensive (also scarcely available, and difficult to discard). “Only 16 percent of women have access to sanitary pads in India,” Kristin Kagetsu, co-founder and CEO of the company told NBC News during an interview at the company’s production facility, located outside Ahmedabad, in India’s western state of Gujarat.
The sanitary napkins are eco-friendly: they are made from locally-sourced banana fiber, which is highly absorbent and biodegradable; it doesn’t have to be burned when disposed, thus helping to reduce greenhouse gas emissions.
Saathi is one of the finalists in the Health and Wearable Technologies category at SXSW, Austin, Texas. It is looking funding this project, and according to its website, $12,737 have been raised toward a target of $20,000.
April 19, 2017 No Comments
Amazon India received the Reserve Bank of India’s approval to launch its own digital wallet in India. This will give the American online retail giant a slice of India’s fast-growing digital payments business pie.
Amazon will now be able to take on Paytm (an acronym for “pay through mobile”) and Freecharge both mobile payment platforms, as it prepares to launch a prepaid wallet service that will be broader in scope than its Pay Balance service which is restricted to only Amazon-based transactions.
Wallet services help customers bypass the two-step authentication process for online payments using credit or debit cards and makes the process smoother for online shoppers while plugging a key gap in the payments process that reduces the risk of loss of business from online shoppers, reports the Livemint.
April 14, 2017 No Comments
Colorado-based Crocs aims to double its India business in 3 years by widening its product portfolio and expanding the number of its retail stores. The shoe maker’s Managing director Deepak Chhabra told Press Trust of India, “We are growing at over 35 per cent year-on-year, and are looking at expanding beyond our core beachwear offerings. We plan to expand our brand to a pure casual footwear brand. Over 4-5 years, we want to be a larger player in the casual footwear category and capture 10 percent market share.”
Business Standard reports that currently in India the company has 1,000 points of sales including over 35 exclusive stores, and Chhabra added, “We plan to open 50 standalone stores this calendar year. Going forward, standalone stores will be an important growth channel for us. We want to expand our retail network in East and North-East part of the country.”
April 14, 2017 No Comments
Rebecca Lyons, International Marketing Director, Washington Apple Commission, (a self-governing body of growers and packers) told newspersons that the ‘Red Delicious’ variety of Washington Apples will flood India from September, with a record import till August 2018; and that imports of the fruit is likely to double this year to nearly 5.5 million tons.
Keith Sunderlal, the India representative of the Washington Apple Commission, said that the Commission wants to focus on tier-2 and tier-3 cities of India by increasing branding and creating more awareness about Washington Apples, which are currently available in over 100 cities reports BusinessLine.
April 12, 2017 No Comments