Snehal khanna Blog

Around 4 per cent of the time is spent on online shopping Indian  consumers spend as much as 28 hours a week on their smartphones , seven fold more than the time they end up spending in watching programmes on television as more users access internet on their mobile phone. According to the Mary Meeker report, released on Wednesday night, the delivery of  entertainment, education, healthcare and marketplaces is being reimagined in India with the mobile phone emerging as the primary device for access to consumers. In education sector, the report said education technology firm Byju’s has shown 15 per cent improvement in the quality of learning by accessing content on smartphones. In the healthcare sector, prices of laboratory tests have dropped by 50 per cent due to the aggregate inventory maintained by startups such as 1Mg and Portea. Customers made savings of around 20-30 per cent due to drug comparison on these platforms. As far as payments are concerned, the...

Apart from Jio price war, rising losses, increase in interest payments are other reasons RELIANCE JIO - The woes of Tata Teleservices continue to mount with its net worth eroding by Rs 11,653 crore at the end of the financial year ended March 2017, on rising losses and interest payments. The company announced a loss of Rs 4,617 crore for FY17, compared to a loss of Rs 2,023 crore in FY16. This is a bad news for its promoter, Tata Sons, which will have to keep investing in the company’s equity so that it can meet its liabilities, bankers said. But, the company’s debt stood reduced almost five per cent from Rs 30,192 crore in FY16 to Rs 28,766 crore in FY17. Because of the price war in telecom spurred by the entry of Reliance Jio, the Tata group company’s turnover declined to Rs 9,419 crore in FY17 from Rs 10,588 crore in FY16. The Tata group company is not the only one which struggled during the year. Aditya Birla Group’s Idea Cellular also reported losses of Rs 400 ...