ALL INDIA MOBILE RETAILERS ASSOCIATION
Online discounts to rain heavy from July, ease dry spell of electronics, apparel cos Brands are gearing up for a surge in online discounts and promotions starting this month, aiming to clear unsold inventory ahead of the festive season. Expectations are high for the discounts to be the steepest since Covid-19, particularly in catego...
07 Jul, 2024, 11.45 AM ISTOnePlus names Robin Liu as India CEO The smartphone maker also reappointed Ramagopala Reddy as vice president for India region. He will be spearheading product strategy efforts. The reshuffle also saw Samrudh Pai, head of retail expansion, move on from the company.
05 Jul, 2024, 08.43 AM ISTMost phones sold online end up in grey market A New Delhi-based retailer aware of the practice said the aggregators, or “cutters”, have hundreds of user accounts on online platforms, operated by a network of young people under their employment who place orders from different accounts to work ar...
13 Jun, 2024, 08.52 AM IST- ADVERTISEMENT
Risk weighting slows unsecured loan growth The growth of unsecured credit in India, including personal loans and credit card outstanding, slowed to 18% in April from 23% in November 2023. The Reserve Bank of India's risk weighting on such exposures aims to reduce delinquencies in the banking...
04 Jun, 2024, 12.23 AM ISTAs retail sales growth slow, retailers to cut deep discounts to drive profits Retailers like Aditya Birla Fashion and Retail, Arvind, and V-Mart are avoiding deep discounts to boost profits. Madura Fashion reduced discounts by 500 basis points in the previous fiscal year to drive profitable growth. Madura Fashion manages bran...
03 Jun, 2024, 12.41 AM ISTNow, a 'Bank Clinic' to guide you on complaints The Bank Clinic is an initiative by the All India Bank Employees' Association (AIBEA) to help customers address their grievances amid rapid expansion in technology and a series of Reserve Bank of India (RBI) guidelines on retail banking. A customer ...
03 Jun, 2024, 12.14 AM ISTShortage of long-haul truck drivers hits logistics industry Low pay scales, harassment by highway authorities and cops, adverse weather conditions, risk of accidents, lack of benefits at work, lack of hygienic restrooms and night parking facilities are some of the reasons for high attrition that is also diss...
02 Jun, 2024, 10.47 AM ISTIn-store mobile phone sales dry up on rising temperatures The India Meteorological Department (IMD) has forecast severe heatwave conditions across ten states in North India since the middle of May with temperatures touching 50 degrees in some areas, with some respite expected from May 31.
01 Jun, 2024, 09.30 AM ISTIAMAI view on draft Digital Law not shared by all constituents: four members tell MCA Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.
01 Jun, 2024, 06.01 AM ISTDoT dials cops to stop network gear theft The Department of Telecommunications (DoT) has issued a directive to tackle rampant theft of critical network gear causing Rs 800 crore losses for telcos, disrupting 4G/5G expansions and affecting mobile coverage quality.
30 May, 2024, 03.22 PM ISTGovt eyes time, spend curbs to tackle gaming addiction The government is leaning towards imposing time limits as opposed to certifying games as permissible or non-permissible through self-regulatory organisations (SRO), an official at the IT ministry said.
29 May, 2024, 03.17 PM ISTElectronics companies seek Rs 35,000-crore incentive plan for components "The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 20...
27 May, 2024, 12.35 AM ISTRetailers cut stocks of impacted spice brands like MDH and Everest About a third (32%) of retailers are limiting stocks of MDH and Everest branded packaged spices alleged to have contaminants exceeding permissible ethylene oxide levels, according to Kirana Club, which has 1.8 million kirana stores on its network.
21 May, 2024, 09.10 AM IST'Broadcasting policy must exclude OTT, online gaming and music': Stakeholders to TRAI Media and entertainment industry stakeholders are urging the Telecom Regulatory Authority of India (TRAI) to confine its recommendations on the National Broadcasting Policy (NBP) solely to matters within the broadcasting sector. They advocate for th...
21 May, 2024, 12.53 AM ISTInternational calls for iPhones made in India ring louder; Apple may hit Rs 1 lakh cr export mark in FY25 Apple exports a bulk of its total India production. In FY24, Apple’s total production in India touched $14 billion (Rs 1.2 lakh crore). The company’s exports crossed $10 billion (Rs 85,000 crore). Both these figures were the highest achieved by any ...
13 May, 2024, 05.30 AM ISTChinese smartphone companies looking to expand their footprint face a loud adversary—Indian retailers Chinese smartphone brands face retailer backlash in India over low margins, delayed payments, and stock issues. Retailers demand higher margins and timely settlements, impacting brands' offline expansion plans in a shifting smartphone market.
11 May, 2024, 09.54 PM ISTChinese smartphones rely on Reliance counters for better India presence Chinese smartphone firms are increasingly relying on Reliance Retail's distribution arm to reach stores in the hinterlands due to a slowdown in online sales. Xiaomi's sub-brand Poco has forged a strategic partnership with Jio Mart Digital to distrib...
01 May, 2024, 05.10 PM ISTMobile retailers'' body threatens to stop sales of OnePlus from May 1 over ''unaddressed concerns'' South India Organised Retailers Association plans to halt OnePlus sales from May 1 due to unresolved concerns, including low profit margins and customer dissatisfaction. Retailers face unsustainable losses, urging a proactive response from OnePlus. ...
10 Apr, 2024, 09.07 PM ISTRetailers say Samsung's upgrade offer exposes them to compliance risks Many mobile phone retailers are facing trouble due to Samsung's new "smart upgrade offer." The retailers allege malpractices in the ongoing device exchange offer that is exposing them to risks in regulatory compliance. In response, Samsung has taken...
03 Jan, 2024, 12.30 AM ISTRetailers ask cos to cut 4G phone price Demand for 5G smartphones, particularly in the sub-₹15,000 segment, is expected to surge with multiple new launches lined up in December. "The advent of 5G technology, coupled with affordable pricing and robust government initiatives, has created a ...
07 Dec, 2023, 09.41 AM IST