Pizza hut eyeing for over 700 outlets

Yum Brands-owned popular pizza chain Pizza Hut India is looking to significantly expand its presence in the country. The company is looking to double its outlets count – over 700 by the end of 2022. This was recently confirmed by a senior company executive to the news agency PTI. “In the long-term, India is one of our most important markets. In the medium term, we plan to double the number of outlets. We currently have 360 restaurants across 100 cities. We will double that to over 700 in the next five years,”…

Read More

Biyani eyeing to buy out HyperCity

Speculations are rife in the marketplace that Future Group chief Kishore Biyani is keen to buy out grocery retailer HyperCity which has a strong presence particularly in western India. According to a news report recently published in a national daily, both the parties are engaged in a parley to give a finalise the deal. HyperCity profile includes as many as 20 hypermarket stores which would significantly add to the portfolio of Future Group. HyperCity had reported a topline of Rs 1,077 crore in the fiscal 2016-17. “The deal involves Rs…

Read More

Amazon opens its biggest fulfillment center in India

E-commerce giant seems to be bracing up for Diwali bonanza as the company last week unveiled a staggering over 400,000 square feet warehouse unit in Telangana. This is fifth warehouse of Amazon in the state and its largest fulfillment center in India. The unit is 42nd fulfillment center of Amazon in the country and with its addition, Amazon’s warehousing capacity in the country has grown to over 15 million cubic feet. Akhil Saxena, a vice president for India customer fulfilment, at Amazon India said in a press release on Sep.…

Read More

Smile to pay with Alibaba

Global e-commerce giant Alibaba is all set to add another technological marvel to its operational offerings – allowing facial recognition of customers for payments. The service would be called “Smile to Pay” and on an experimental basis, it has been recently introduced for customers in Hangzhou district in China. It is for the customers who are using Alipay online payment platform. “Alibaba’s ‘Ant Financial‘ affiliate launched the ‘Smile to Pay’ service where the company’s global HQ are located and is being trialled with KFC,” a leading technology news agency reported early…

Read More

Shoppers Stop eyeing at double-digit sales growth

Shoppers Stop, India’s leading modern retailer, is eyeing at 12 percent sales growth in the current fiscal. According to a news agency report, the company is focusing on improving the profitability by taking several steps. “For the entire year, we are looking at 12 per cent overall sales growth and the profitability growth should be double of the sales growth for the year… growth of bottomline should be 25 per cent,” a senior official of the company was quoted as saying in the report. During the course of the current fiscal,…

Read More

Flipkart Global to provide export options to sellers

Flipkart, Indian e-commerce major, has unveiled Flipkart Global programme which will facilitate over a lakh sellers to export their products. The programme is promising to provide exports access to buyers in as many as 190 countries. The move follows Flipkart’s recent acquisition of eBay which has given it the access to 171 active customers of the latter globally. With Flipkart Global in place, the existing 25,000 export sellers on eBay India have been accommodated on the new platform. “India has immense export potential and there are many SMEs who have unique products…

Read More

Anil Goteti to spearhead eBay India

eBay India, which was recently acquired by domestic e-commerce giant Flipkart, will be spearheaded by Anil Goteti. Flipkart has chosen its marketplace head Anil Goteti to expand eBay’s business in India and also synergise it with its own operations. The churning at the top entails eBay India’s current country manager Vidmay Naini reporting to Goteti. At the time of acquisition, Flipkart had made it clear that eBay will continue to function as an independent entity helping the larger platform in the cross border trade. Indian customers of Flipkart are slated…

Read More

Fridays American Bar coming to India

According to a recent report published in a leading national financial paper, US restaurant chain TGI Fridays is all set to launch its bar based brand – Fridays American Bar- in India. It would be bar-focused and beverage-based outfit, a major change from its full service restaurants (12) currently present in India. “The company is experimenting with creation of another brand under the Fridays portfolio. In India, the new brand will be set up on smaller formats, which will give Fridays the ability to penetrate the market more, keep the…

Read More

Snapdeal’s Senior VP finance joins TFS as CFO

 Travel Food Services (TFS) has announced the appointment of  Vivek Patankar as its Chief Financial Officer (CFO).Vivek’s previous stint was as Sr. Vice President of Snapdeal since April 2015. Prior to this, he had an extensive stint at Unilever serving various verticals and his last role there was as Senior Finance Manager heading financial planning globally for a 50 Billion euro enterprise. Vivek is a qualified Chartered accountant and is an MBA graduate from Jamnalal Bajaj Institute in Management Studies. Commenting on strengthening the TFS team,  Gaurav Dewan, ‎Chief Operating Officer…

Read More

LazyPay partners with Ridlr to offer pay later service to Mumbai commuters

‘LazyPay’, PayU India’s exclusive deferral payment offering recently announced its partnership with ‘Ridlr’, the largest mass transit app in India, to enable ‘Buy Now Pay Later’ facility for its users. Using this premium check out experience Ridlr users can purchase BEST bus tickets and recharge passes on BEST as well as Mumbai Metro, in a single step without having to make a payment at the time of transaction. The customers are allowed to make the payment for all their tickets at one go, within 15 days from the date of…

Read More