CROMA
Buy Apple iPad for just Rs 30,000 with special bank discounts: Check offers, eligibility, specs
Croma is offering the Apple iPad 10th generation at a discounted price of Rs 30,000 for ICICI and SBI credit card holders, down from the listed price of Rs 33,900. Key features of this model include a sleek flat-edge design, 5G support, a Type-C port, a 10.9-inch display with slim bezels, a 12-megapixel rear camera, and an A14 Bionic chipset. The device is compatible with the Magic Keyboard Folio and supports regular software updates.
International 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 company in India till date for a single financial year.
Amazon launches Fire TV Stick 4K in India
The Fire TV Stick 4K, powered by a 1.7 GHz quad-core processor, offers fast 4K content streaming, seamless navigation, and quick app launch. The device supports Wi-Fi 6-compatible routers and 5GHz and 2.4GHz Wi-Fi bands, enabling customers to stream content at different internet frequencies.
Tata Digital CEO steps up focus on costs, business cohesion
Naveen Tahilyani, handpicked by Tata Sons chairman N Chandrasekaran from the group's insurance business Tata AIA Life Insurance, is also bringing in a collaborative mindset to smoothen operational glitches and boost participation from group companies, company sources said. Since taking up the new role in February, Tahilyani is being guided closely by Chandrasekaran, who is keen to see the consumer app gain a stronger foothold before seeking any external investor interest.
More than 30 major retail brands entered 14 Tier-II cities during Jan-Sep period last year: Report
Over 30 retail brands, including Croma, Armani Exchange, Malabar Gold & Diamonds, Reliance Smart, Tanishq, H&M, Marks & Spencer, GAP, Starbucks, Pizza Express, and Under Armour, have opened stores in 14 Tier-II cities. These cities include Chandigarh, Jaipur, Indore, Goa, Mangalore, Kochi, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Vizag, Mysore, and Coimbatore.
2023 Year In Review: quick commerce was lapped up by the urban public, but has a long way to go
While executives in the industry said that the public demand for quick commerce had been established, especially in urban and high-population-density areas, the key task in 2024 would be to improve profitability and experiment with various categories as well as sale events.
Smaller cities a big market for Apple, account for over 60 per cent of sales now
"Before the pandemic, Apple's focus was merely on Tier-I or maximum Tier-II markets through its premium resellers and broader regional distributors as bulk of the demand came from and was catered to tier-1 markets which was more than 65-70%," Neil Shah, vice president of Counterpoint Research, told ET.
Black Friday Sale 2023: Top Indian retailers unveil massive discounts and deals across electronics, fashion, and more
Top Indian brands gear up for Black Friday sales post-festive season, offering enticing discounts ranging from 50-70% across electronics, fashion, and beauty. Retail giants like Amazon, Nykaa, and H&M join in, anticipating a sales surge. Alongside significant discounts, the latest iPhone 15 garners attention with an attractive Rs 8,000 discount offer, making it available at Rs 71,900, boasting enhanced features like a 48-megapixel camera and USB-C port. As Black Friday approaches, Indian shoppers brace for a shopping spree filled with irresistible deals and opportunities.
Black Friday sales: Desi fervour for a Western phenomenon a boost for Indian retailers
Black Friday is becoming a global phenomenon for brands to attract Indian consumers and boost sales. The rise in demand is particularly relevant for lifestyle products like consumer durables, IT products, garments, and wearable accessories. The Black Friday sales market in India is predicted to witness a CAGR of 37.4% by 2032. The push on Black Friday sales is largely driven by e-commerce, with companies witnessing higher traffic.
Black Friday 2023: India's top retailers unveil massive discounts and online bonanza
Black Friday 2023 heralds a transformative shopping season in India, mirroring the West's tradition. Top retailers like Croma, Amazon, Nykaa, Adidas, and more offer massive discounts, while the e-commerce surge reshapes the market. With electronics leading the fray, the iPhone 15 and gaming consoles steal the spotlight. As India embraces this global shopping frenzy, the stage is set for an unprecedented shopping extravaganza, promising unparalleled deals and a digital shopping bonanza for eager consumers.
Why is Tata Group raising its bet on its super app Tata Neu?
The $1 billion injection will be on top of the $2 billion that Tata Group invested in the venture earlier this year, the sources told ET, asking not to be identified discussing information that is private. Tata Digital will receive the new funding in the coming year should a deal proceed.
Urban Company launches water purifier range; to be available via third-party retailers
The Gurgaon-based company has been working on introducing its own line of consumer products for almost two years now, and is currently experimenting with smart locks.
"We strongly condemn the action": Croma issues statement after duo thrashes staff for delay in iPhone delivery
Electronics retailer Croma has condemned the physical assault on one of its staff members by two customers in Delhi due to a delay in the delivery of an iPhone order. The company stated its commitment to customer service but emphasized its zero tolerance for such behavior. The two men involved in the assault have been arrested. The incident highlights the challenges faced by retailers in meeting high demand for new product releases, such as the recently launched iPhone 15 series.
Delhi top city for iPhone enthusiasts, beats Mumbai by overwhelming margin: report
Delhi has surpassed Mumbai as the top city for iPhone purchases, with a massive 182% increase in sales this year, according to a report by Croma. Delhi saw a 47% growth in iPhone sales from 2020 to 2021 and a 106% growth from 2021 to 2022. Mumbai also experienced a significant increase in iPhone purchases, with a tenfold increase in 2022.
Welspun One plans to invest over Rs 600 crore to develop in-city warehouse in Thane
Welspun One Logistics Parks (WOLP) plans to invest over Rs 600 crore to develop a Grade-A, in-city warehousing facility in Thane near Mumbai. The facility will support urban last-mile delivery and is expected to be operational in the second half of 2025. WOLP aims to create a portfolio of 16-18 million sq ft over the next 4-5 years across tier 1 and 2 cities, with an overall investment of over Rs 8,000 crore.
Tata Digital standalone FY23 revenue grows 13 times to Rs 204 crore, loss up 23%
Tata Digital is the ecommerce arm of the Mumbai-based salt-to-aviation major which houses digital assets such as egrocery firm BigBasket and online pharmacy 1mg, besides its own digital offerings like Tata Cliq, Croma and others.
Tata-owned Infiniti Retail's sales nearly double to Rs 16,015 crore in FY23
The company in the filings did not give any reasons behind the financial performance. Industry executives said this jump in revenue – highest growth rate in at least the last five years – is driven by Croma becoming the exclusive online seller for all electronic products in the group’s e-commerce platform Tata Neu and rapid offline store expansion.
Tata's Infiniti Retail set to double authorized share capital to Rs 4,000 crore in expansion bid
The Tata’s are using Croma as the main seller for electronics and smartphones in its online platforms including the superapp Tata Neu. In fact, industry executives said Croma has been consistently burning cash to offer discounts which at present is one of the steepest in the industry.
Tatas infuse ₹500 crore into Croma owner to expand ops
A couple of months back, Tata Group's other ecommerce platform, Tata Cliq, exited the electronics category and has sold the inventory to Infiniti Retail for about ₹113 crore.
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