Mobile gaming on the rise

Mobile gaming in India is on the upswing, driven by consumers staying at home amidst the pandemic-induced lockdown. As per a new CMR Report, The Next Gen Mobile Consumer,  mobile gaming has increased among three in every five serious gamers, with four hours being average duration of increase since the lockdown began in India. Interestingly, in line with the increased time spent on mobile gaming, the study points out the shift from freemium to paid gaming apps. Interestingly, 15% of the gamers switched to paid mobile gaming apps during lockdown. Across the…

Read More

Exports growth fall in negative territory again

After showing a single digit positive growth for the first time in this Corona pandemic affected fiscal in September,  India’s merchandise exports once again slipped in the negative territory in October. The total exports figure in October stood at $ 24.82 billion which marked a decline of 5.4 percent when compared to $ 26.23 billion in the same month last year. In October 2020, the value of non-petroleum exports was $ 23.21 billion, registering a positive growth of 1.84% over October 2019. The value of non-petroleum and non-gems and jewellery…

Read More

ESR India to develop 11 logistics parks in Maharastra

ESR India, part of the leading logistics real estate firm ESR which has stronghold in APAC, has made a major investment announcement. The company has inked an agreement with Maharastra government to set up 11 industrial and logistics parks in the state. These units will be mostly set up around Mumbai and Pune. On a cumulative basis, these projects would entail an investment of over Rs 4,300 crore by ESR India. “The Government of Maharashtra and the MIDC (Maharashtra Industrial Development Corporation) have been very supportive of our efforts to…

Read More

Amazon Fresh launched in four cities

Amazon India last week announced the launch of Amazon Fresh in Kolkata, Ahmedabad, Pune & Chennai through expansion of its specialized network that enables ultra-fast delivery services of daily essentials and grocery under the Amazon Fresh Store on Amazon.in. With this expansion, Amazon India has more than 25 such Amazon Fresh centres, with a 3X increase in processing space.. The company has also expanded its infrastructure with new centres in Bengaluru, Mumbai, Hyderabad and Delhi-NCR with growing customer demand for the grocery category. The specialized infrastructure is designed to ensure…

Read More

IFFCO- SBI come together for quality supply to farmers

www.iffcobazar.in, the e-commerce arm of IFFCO has announced its integration with the SBI YONO Krishi, which is the dedicated portal catering to the farmer’s needs. The partnership aims to pave the way for easy accessibility of a wide variety of agriculture products to large number of Indian farmers. Hassle free payment portal of SBI YONO and quality products of IFFCO is a combination which aims to drive the digital sales in this segment www.iffcobazar.in is one of the fast growing agriculture based e-commerce portals in India, promoted by IFFCO, biggest fertiliser…

Read More

ITC expands presence in cakes category with innovative-format

ITC’s Sunfeast, one of the most preferred consumer biscuits brand, is now expanding its footprint in the cakes category with the launch of a new sub-brand, Sunfeast Caker. The brand will have a portfolio of innovative products that will provide premium experiences to consumers at affordable prices, expected to help scale up the category and make snacking a delightful experience, addressing the needs of convenience and indulgence across a wider consumer base. Sunfeast Caker will launch with three formats including the signature and first in the category, ‘Trinity’, a differentiated product…

Read More

DEERIKA to launch 10 new stores in Gurugram

DEERIKA Hypermarket – the retail arm of DJT Corporation & Investments – has announced plans to launch 10 new stores in Gurugram by March 2021, aiming to expand its presence in the region. Deerika has also launched Express stores – convenient stores for daily essentials in residential localities in sector 57, sector 15 and DLF phase 3, Gurugram. Established in January 2020, DEERIKA’s flagship Hypermarket and one-stop shop has seen its customer base reaching 1,00,000 in the past 10 months as per a company release. The store sizes will vary…

Read More