LALIT REWARDS
Stop, thief! Retail giants are facing a new 'lifting' problem - not just from customers, but also staff & vendors
Indian retail faces increasing shrinkage issues due to thefts and errors, with Trent Ltd reporting a rise in shrinkage to 0.41% of sales in FY24. V-Mart Retail's shrinkage increased from 0.4% to 0.5% in the same period.
Hotel chains chase customers with tailor-made loyalty programmes
There has been a noticeable surge in consumer interest in loyalty programmes in India, paralleling the expanding middle class and rising disposable incomes, says an industry insider.
BJP's DT Lepcha wins Sikkim Rajya Sabha seat uncontested
BJP did not win any seat in the last assembly elections, in which the SKM came to power. Lepcha along with nine MLAs of the SDF switched over to the BJP, making it the second largest party in the assembly overnight. Later, the BJP also won by-elections to two seats, taking its tally to 12.
Sports ministry confirms Satwik, Chirag for Khel Ratna, Shami and 25 others for Arjuna award
The Dyan Chand award in the life-time category will be conferred to three persons. Guru Nanak Dev University, Amritsar is the recipient of the Maulana Abul Kalam Azad (MAKA) Trophy 2023, while Lovely Professional University, Punjab and Kurukshetra University, Kurukshetra are the first and second runner-ups.
Zepto CEO's big sales target; sustainable ventures in focus for public markets at ET Startup Awards 2023
India's newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).
ET Startup Awards 2023 | Indian startups go back to the basics in a changed world
A high-powered panel, with some of the top names from India’s tech brigade, discussed the new order and how they were laying the foundation for sustainable revenue and profitability. The panel also touched upon how the focus for startups continues to be public markets.
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After 200 raids, Delhi Police arrests 3 suspected ISIS terrorists who hold NIT Btech degree and PhD from Jamia
Delhi Police's special cell has apprehended a "most wanted" terror suspect, Mohammed Shahnawaz Alam, along with two associates associated with an alleged "ISIS-inspired" module. The police claim that the module was planning high-intensity blasts in key locations in Delhi. The arrest was made after raids in multiple locations in northern India.
Consumer, hospitality staff likely to get best salary hike in 5 years
According to Aon, a global professional services firm which tracks the talent trends, the fast-moving consumer goods (FMCG) sector is set to offer double-digit (10.1%) average pay hikes this year, for the first time since 2019, and the hospitality sector too is likely to pay much higher increments (9%) after a sharp fall (1.4%) in 2020 following the outbreak of Covid-19 which brought business to a halt.
YCombinator-backed gamified savings startup Fello raises $4 million in fresh funding round
The gamified fintech platform had raised $1 million in its seed round in November 2021.
Why ICICI Pru Commodities Fund is betting on cement and metals in 2023
“This fund is very different from some other funds because we can play multiple sectors, multiple commodities and we can also play up cycle and down cycle in commodities. For example, if one is positive on oil, one can buy upstream. If one is negative on oil, one can buy OMCs.”
Ex-Flipkart executive Ranjith Boyanapalli’s Flash raises $5.8 million funding
Flash aims to cater to India’s top 25 million online shoppers, who account for nearly 70% of online shopping revenue and are estimated to grow to 65 million by 2030.
Madhya Pradesh's policy to reward public prosecutors for successfully arguing death penalty cases comes under SC scanner
A bench headed by Justice U U Lalit took note of a submission of Attorney General K K Venugopal that such a practice of rewarding prosecutors should be "nipped in the bud". The attorney general is assisting the top court in a suo motu case registered to examine and institutionalise the process involved in collection of data and information to decide award of death penalty.
Akudo bags $4.2 million in seed funding led by Y Combinator, others
Founded in August 2020 by Lavika Aggarwal, Khanna, and Jagveer Gandhi, Akudo provides personalised prepaid Visa cards to teens.
Life comes full cycle: How cycling horned Wellness Forever founder's perspective on work
Fitness, mental health and a sense of adventure. With cycling ticking so many boxes, the trend is having a high moment.
One more arrested in Rs 3,500-crore 'Bike Bot' scam
Lalit Bhati was arrested by the Noida unit of the STF along with officials from the Economic Offences Wing (EOW) of the Meerut police on Monday, a senior officer said.
Stock market was due for a breather after strong run up: Lalit Vij, Principal PNB AMC
"The investors are correcting their portfolio allocation given that over long periods, equity is likely to deliver better returns than other asset classes."
Most of our sales come from products which are below Rs 1,000: Lalit Agarwal, CMD, V-Mart
"Our key product assortment, merchandise mix, supply chain management wherein the customer gets the best of the product and with the best of the value is what our focus has been," said Agarwal.
Greenhouse solar can plug the massive need for land to promote renewable energy
Greenhouse roof mounted solar projects could be a possible solution because of their multiple benefits to society and the Government.
Shashank Manohar: High on integrity, tough on principles
The reticent 58-year-old Nagpur-based lawyer in the past decade, has been known as someone, who bears a tough, no- nonsense attitude.
Jagmohan Dalmiya: Game changer of Indian cricket
He was the most influential cricket official and entrepreneur between Kerry Packer and Lalit Modi, and his impact may have been greater.
The loneliness of Sushma Swaraj, fall girl forever
Let’s spare a thought for the long career of Sushma Swaraj, fallen from her pedestal but also the fall girl.
Swaraj Kaushal: Sushma Swaraj's achilles heel or her pillar of strength?
Kaushal holds the distinction of being the youngest person to become a governor in the country.
Startups like Paytm, Wooqer, MyRefers, ShopClues raise the bar this appraisal season with big hikes, ESOPs & foreign trips
At least two startups, Bengaluru-based Wooqer and MyRefers, a referral-based jobs site, will be doubling top performers’ salaries.
How startups have successfully established their own rules of hiring, rewarding & retaining talent
Short on cash and unable to hire top-notch staff, startups can make up by painting a grand vision, aiming for a big goal and pumping in passion.
After being expelled how Jagmohan Dalmiya returned to the driver’s seat at BCCI
Jagmohan Dalmiya’s comeback to the helm of cricket administration is a testament to the complex politicking that goes on at the BCCI.
Global, domestic factors fueling market rally: Lalit Nambiar, UTI Mutual Fund
There seems to be a flow factor towards equities globally and emerging markets also. Therefore, India has benefited from that.
Expect Sensex to be around 21,000-22,000 levels by April-end: Lalit Thakkar, Angel Broking
2013 will be one of the best years, fundamentals will deliver and it is possible that we are going to see 15% earnings momentum.
Will GoI’s move to create new commercial posts mean end of IFS cadre as career diplomats?
A new world defined in terms of commerce demands new diplomats trained in trade, feel commerce and finance ministries.
Did Congress reward Robert Vadra's associates?
Documents available with TOI show Congress leader Lalit Nagar's brother, Mahesh Nagar, purchased land on behalf of Robert Vadra, not just in Haryana but also in Rajasthan.
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