Retail news :
- Flipkart to shut its grocery delivery app Nearby within 5 months of launch
- Etail giants like Snapdeal, Amazon lose market share in 2015; small etailers emerge as real winners
- Ex-eBay India head is the new COO of Jabong
- Flipkart to spend more on technology, to increase tech team headcount by 50%
- Amazons Jeff Bezos has the best hand in Indias e-commerce game
- CouponDunia to launch in-store discount coupons
- MTR expands its breakfast portfolio with new launches
- Chinese smartphone maker OnePlus plans local engineering team for India
- LeEco to foray into TV segment, to commence sales through brick-and-mortar stores
- India Inc lauds plan to bring digital payment at par with offline payment
- Lenovo Announces World’s First Project Tango Smartphone; Coming in July 2016
Summery : RailBudget 2016
- WiFi would be provided at 400 more stations; 100 stations already have WiFi as of now
- Railways would work with eCommerce companies to increase revenue via freight route
- Railways receives around 100 terabytes of data every year. They will now use Big Data to analyse and use this enormous data
- Social media would be now used more prominently for customer care and outreach
- Indian Railways is expecting an operating ratio of 92% this year
- Rs 1.21 lakh total capital planned for Railways Budget 2016
- Rs 8720 crore was saved last year, which would be used this year
- Rs 8.5 lakh crore would be spent on Railways modernization
- 2000 km of rail line would be electrified this year; which is an increase of 50% compared to last year
- 2500 kms of rail line would be converted into broad-gauge this year; its an increase of 30% compared to last year
- 17,000 bio-toilets would be created; 475 new toilets across various railway station
- Mizoram and Manipur would be connected via broad gauge
- IRCTC website would now handle 7200 tickets per second, which is an increase from 2000/second right now
- 2 lakh online users would be now able to access IRCTC website at a given time, compared to 40,000 right now
- 2500 water vending machines would be installed at railway stations
- All major railway stations would be monitored by CCTV camera
- Antyodaya Express would be launched, which would be unreserved long distance train across major routes
- Humsafar Express would be launched, which would be completely 3AC coached, for long distance routes
- Tejas Express trains would be launched, which will have speed of more than 130 kms/sec (starting with Agra-Delhi-Agra route)
- Reservation for women and aged citizens would increase; women will get 33% reservation in catering
- IRCTC will soon take over catering services across all trains; local cuisines would be preferred
- Cancellation of tickets can now be accomplished on phone using 139
- Exclusive Radio and FM service would be launched for passengers
- Baby food would be available for new mothers who are travelling
- India’s first Rail Auto Hub would be launched in Chennai
- All unmanned crossing shall be abolished by 2020
