With a little over 5.26 lakh visitors, Auto Expo fails to pull crowds


India’s biggest auto extravaganza, the Auto Expo, which had attracted dozens of companies, came to a close on Tuesday, but not without concerns being raised over its declining popularity. 
The week-long biennial event, promoted by the Society of Indian Automobile Manufacturers(SIAM), has largely been dubbed as a non-event this time with just 5,26,914 general visitors. The number was well short of expectations of the organisers, making it one of the worst in over two decades. In December, the automobile lobby body had stated that it was expecting a rise of at least 7% in general visitors, which would, in absolute terms, be more than 6,00,000. 
Read Full Article Over Here : Business Standard News 

Comments

Post a Comment

Popular posts from this blog

The Flipkart-ebay deal and the high stake battle with Amazon

Image
Flipkart has been and will continue to make acquisitions to increase scale India's top e-commerce firm   Flipkart   has raised $1.4 billion in its biggest fundraising to date as it takes on US tech giant   Amazon.com   Inc for a larger share of the country's burgeoning online retail market. Chinese social media and entertainment firm Tencent Holdings Ltd, the world's biggest software company Microsoft Corp and online marketplace eBay Inc participated in the funding round, Flipkart said in a statement on Monday, which will value the Indian company at $11.6 billion. That is lower than the $15 billion valuation achieved at its last fundraising in 2015, reflecting how competition has intensified in the e-commerce sector as companies vie for a slice of the world's fastest-growing internet services market. Amazon last year said it would invest over $5 billion in India, and has recently expanded into online video and grocery shopping, seeking to expand aggressively
Read more

Amazon now has customers in 100% serviceable pin-codes in India: Jeff Bezos

Image
If things fall in place, then a deal with a major offline retailer might happen by the end of this year, according to a source Amazon might be the most visited shopping site in India, but for Jeff Bezos, the founder and CEO of the technology giant, it is still Day 1 in what may be the second-most important market for the firm outside the US. Bezos, in a letter to customers, said that Amazon now has customers in 100 per cent serviceable pin-codes in the country and is shipping packages from more than 50 fulfillment locations in 13 states. From talking about how Alexa plays devotional songs in local Indian languages to Amazon India working closely with communities in rural areas, Bezos said that the online marketplace has now become part of the country's culture and has adapted all its services and offerings accordingly. Stressing that Amazon India has captured the top spot for the last two years, Bezos pointed out that Amazon is the most visited site in the cou
Read more

Duties on life saving drugs hiked

Image
The government on Friday raised import duty on life saving and bulk drugs used to treat cancer, rabies, Parkinson’s disease among others to help domestic players. The customs department hiked duty on bulk drugs such as Carbidopa and Cefoparazone to 10 per cent from five per cent.  Read Full Article Over Here :  Business Standard News  
Read more