Rather than owning products, consumers now prefer to subscribe to them as services. Subscription economy in India is growing beyond media and entertainment as businesses across industry sectors are now offering subscription services. Change in consumer behaviour has fuelled the growth, with people opting to use these services instead of buying products. India has approximately […]
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Local OTT platforms see growth and are on par with major players like Amazon Prime Video and Netflix. Regional over-the-top (OTT) media services like Aha, Sunnxt, NammaFlix, and Manorama Max are gaining subscribers on par with major OTT platforms like Netflix and Amazon Prime Video in India. A spokesperson from Aha, a Telugu OTT service, […]
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D2C startups got their break in the unicorn club in 2021, however, the sector falls behind others such as Fintech. Despite the positive growth in the number of Direct-to-Customers (D2C) start-ups, so far only three have attained the unicorn badge. Presently, there are more than 800 D2C startups in the country, out of which 507 […]
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Despite a minor uptick in revenue following the downward trend in self-driving car sales, owners in Bengaluru remain wary about the new Covid variant. Sales of Bengaluru’s self-driving car firms have dropped during the pandemic. Although sales were up in August and September 2021, they have started to fall since then. Ravi, a senior executive […]
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Export of coffee and domestic consumption has increased. India’s coffee exports have increased from 2.25 lakh tonnes in 2020 to 2.45 lakh tonnes up to September this year. The domestic consumption also showed a slight increase of approximately 1.6 percent in 2021, said Coffee Board of India. K.R. Shetty, Director at Indian Coffee Trade Association […]
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The import of raw bamboo sticks saw an increase of 78 percent from 2009 to 2019, pushing hand-rolling artisans out of business. Bengaluru: Despite several attempts from the state and central governments, the cottage industries manufacturing hand-rolled agarbattis (incense sticks) are slowly dying. Though India remains one of the top exporters of incense sticks, the unavailability […]
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Smartphone sales in India are at a peak, but retailers face the heat of e-commerce. Even though the overall sales of smart phones are at an all-time high, retail store owners have seen a drop in sales throughout India. Harsh Vardan, purchase manager of a mobile retail store which has more than 200 stores across […]
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More people in Bengaluru are using air conditioners as the city has become hotter because of urbanization and fewer open spaces. Fayaz, marketing manager of an air conditioner sales organisation, said the sales have gone up by 35-40 percent in the last five years. “We first ask the customer the purpose of buying an air […]
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The unorganised tyre retreading sector in Kalasipalya mostly finds the use of ‘hot method’ in retreading. The unseasonal rains have added to the misery of tyre re-treading industry in Kalasipalya which was already struggling due to the pandemic. The number of re-treaded tyres sold daily have reduced by 60 percent. Yaseen 18, employee at AK […]
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Non-Resident Indians (NRIs) across the globe are using cryptocurrencies for remittance to avoid expensive cross-border payment transfer charges. Recently, all of the major cryptocurrency exchanges have seen at least a 100 percent rise in trade and investment. A World Bank committee has suggested the benefits of Central Bank Digital Currency (CBDC) in cross-border payments. The process of […]
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