- Online grocery is hot. Hundreds of players have jumped in. Several hundred million dollars were invested in 2015 alone. But it has also been a graveyard for start-ups.
If 2015 was the year of innovations in the hardware space, with fancy gadgets hitting the stores every other day, 2016 promises to showcase what these innovations are capable of. It is a no-brainer when you think about it really. Any event you plan, whether it is a global conference or a small networking mixer, is social by design, right? The pet products market may still be small, but fresh infusion of funds in the company from Ratan Tata may make a big difference. While some proposals of the abandoned Direct Taxes Code are already in force, its wider objectives seem to have been abandoned. Reliance Communications' plan to become India's second-largest telecom player looks promising, but is difficult to put into practice. Chief Economic Advisor Arvind Subramanian's mid-year analysis of the Indian economy indicates that while the country has done well in macroeconomic stability, a lot more needs to be done to boost growth and investments. What is worrying is that this unexpected boost has not produced any buoyancy in the economy. Alongside declining exports, domestic demand also remains low, undermining corporate appetite for investment. R.S. Sodhi, MD, Amul, talks about giving adequate value to the 3.6 million farmers feeding milk to his organisation. While pre-budget meetings with the FM happen every year, industry leaders were never so anxious to put out a list of things that they wanted to see in Budget 2016. Import of steel grew by a staggering 71 per cent last fiscal and has continued unabated in the first half of the current financial year. Imports are up 31.2 per cent now, and at 7.45 million tonne, it has already exceeded the full year 2013/14 tally. The book is an incisive guide, though not comprehensive, to creating winning businesses and forging fulfilling careers. The book provides insights on how to overcome stiff challenges in managing family businesses. India needs to watch the political developments in Venezuela closely and enhance its engagement with the eventual dispensation. Hybrids seem to be the future of computing devices and Toshiba's Z20t comes with a detachable 12.5-inch screen, which allows it to work in a true-tablet mode. The government drops Aamir Khan as brand ambassador of Incredible India campaign. His supporters perceive this as the backlash to his intolerance comments. CEOs of some of India's largest retail companies will deliberate on the future of retail, new trends, including omni-channel.
Analysts tracking the automotive industry say that the ban may change the buying cycles in the largest market. Companies are evaluating options to bring new fuels like biodiesel as a lesser polluting option. Since the past eight months the merged entity has been trading on the Bombay Stock Exchange, nervous investors have been asking two questions - is Shangvi's magic fading? Or, is the slump just a small hitch in Sun's glorious journey over the past one decade?
One of the worst affected is the automotive industry on Chennai's outskirts, where factories of top companies such as Hyundai, Ford, BMW, Renault-Nissan, Daimler, Royal Enfield and Apollo Tyres are located. As is the case every year, the forthcoming Budget will impact the market, with the extent of government spending playing a key role in reviving sectors such as infrastructure. The report says Rs 64,000 crore was collected as cess on secondary and higher education between 2005/06 and 2014/15. "Neither was a fund designated nor were schemes identified for the same," it says. Bears had the upper hand on Dalal Street in 2015. Facebook is projecting its Free Basics service as a purely altruistic exercise. It is anything but...
The grocery delivery business in India is somewhat more complicated than it is in the US.
Mary Barra, the Chief Executive of General Motors, was elevated as the Chairman of the Board on January 5, making her the first woman ever to head a global auto company.
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