Miscellany

Miscellany

Malls bank on experience as bargain hunters take to e-retail

As e-commerce companies are raining discounts and grabbing a large part of the festive season spends, malls are banking on their experiential quotient to attract customers.

 Deep discounts, cash-backs and other offers have made e-commerce the must-go destination for the bargain hunters. E-commerce has already pocketed a considerable portion of discretionary festive spends, but malls are not disheartened. .

Eshopbox launches centre in Mumbai

E-commerce fulfilment and technology firm Eshopbox recently announced the launch of its state-of-the-art fulfilment centre (FC) in Mumbai. The company that manages online selling and fulfillment for enterprise brands now covers states like Maharashtra, Rajasthan, Goa and Gujarat.

Volvo clocks record 40% sales growth in Jan-Oct 2018

While the mass car market struggle to sell cars even during the festival season in the country, Swedish luxury car maker Volvo has cheered the industry by clocking 40 per cent sales growth between Jan-Oct.

The brand sold a record 2,194 units in Jan-Oct 2018 period, registering a 40 per cent year-on-year growth.

Sales were led by the XC60 and the new XC40 SUVs. Interestingly, the Jan-Oct 2018 sales surpassed the number of vehicles sold throughout 2017 at 2,029 cars.

Musk shakes up SpaceX in race to make satellite launch window

SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth.

Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office, the culmination of disagreements over the pace at which the team was developing and testing its Starlink satellites, according to the two SpaceX employees with direct knowledge of the situation.

Red Hat in Big Blue’s stable

The New York-based International Business Machines, IBM, has triggered mixed responses in the industry after it announced the acquisition of Open Software major Red Hat from North Carolina for a whopping $34 billion, a 60 per cent premium on the latter’s market capitalisation. Some termed the deal as Big Blue’s desperate and last-ditch effort to catch up with the cloud industry, a bus that it miserably missed in the last five years.

Pre-owned gadgets have many takers now; online sales surge

Even as electronic gadget users change their devices such as smartphones and laptops more frequently now, refurbished goods are finding many takers. This product category is witnessing a tremendous growth this festival season.

ShopClues, which has a special category for refurbished products, has seen 70 per cent growth in festival sales compared to last year’s.

Compared to a normal month, ShopClues has done five times more sales during the festival month.

India’s first engineless train flagged off

The Rs 100 crore country’s first engine-less train “Train 18”, developed by the Integral Coach Factory (ICF) here and regarded as a successor to the prestigious Shatabdi Express, was unveiled on Monday by Railway Board Chairman Ashwani Lohani.

Train 18, the first long-distance train sans separate locomotive (engine), was flagged off at the ICF premises by Lohani and would undergo trials in the coming months, ICF officials said.

Paytm twist: Sonia’s family claims she is being framed

In the extortion case of Paytm co-founder Vijay Shekhar Sharma, even as the police assigned motive to company vice-president of communication, Sonia Dhawan, saying she plotted the extortion to buy a house worth Rs 4 crore in Delhi, along with her husband Rupak Jain, Dhawan’s family has claimed otherwise.

Police say Jain’s property business was not doing well and the couple hatched the plan to extort money from Paytm co-founder Vijay Shekhar Sharma.

Pages