Future Group scales down e-commerce operations, 400 laid off
Kishore Biyani-led Future Group has scaled down its e-commerce venture, Retail 3.0, and laid off 350-400 employees. Also, Future Group recently shutdown many of its EasyDay stores amid little traction for its EasyDay grocery app.
FYI: Future group has already partnered with Amazon India as its online (exclusive) partner.
India’s 1% has more than 4X the wealth held by the bottom 70%
India’s richest 1% hold more than four-times the wealth held by 953 million people who make up for the bottom 70% of the country’s population, while the total wealth of 63 Indian billionaires is more than the full-year budget!
What about income inequality? Well, it would take a female domestic worker 22,277 years to earn what a top CEO of a technology company makes in one year.
Saregama launches Carvaan GX01 Earphones
Priced at Rs. 1999, GX01 wired earphones have been specifically designed for an augmented aural experience and come with a 14.2 mm sound driver, Carvaan signature sound and enhanced bass.
ASUS Zenbook Duo Review: Dual Screen Laptop! [First Impressions]
We got our hands on the 14 inch Asus Zenbook Duo UX481 – yes, with dual screens – and here are our quick first impressions!
The Only 4 Word of Mouth Strategies that Matter
What are the key word of mouth strategies that matter? There are essentially four main strategies that make a business worth talking about.
They are product, service, value, and story.
The best businesses may be awesome in 2 or even 3 of these drivers. Being exceptional at even just one of these can tip the scale.
The farmer gets Rs. 1 on your 250 Rs coffee (value chain)
To gain high profit levels, companies are squeezing the grower’s price.
For every cup of hot coffee that costs consumers Rs 250 on an average in any upscale coffee bar/lounge, the farmer’s share is only Re 1.
In India, coffee prices have been on the decline for almost three decades, thereby further aggravating the crisis in the picturesque coffee belt. To overcome growing debts, estimated at over Rs 8,000 crore, many growers have turned their homes into home.
The Maker of Yamazaki Whiskey visited desi thekas, bars before launching in India
So, when the world’s third largest producer of whiskey was planning an India launch, the CEO and Chief Blender came to India. 6 times a year.
He visited pubs, bars and even thekas to lean how Indians like their whiskey.
Well, that’s called as customer development !