Companies & Sectors
RIL proposes to sell 3.25 crore shares in NW18

Shinano Retail Private Limited is 100 percent owned by Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of RIL

 

Reliance Industries Limited (RIL) on Monday announced that it is proposing to sell 3.25 crore shares of Network18 Media & Investments Limited (NW18), to bring down the aggregate shareholding of the promoter and promoter group to 75 percent and increase the public shareholding to 25 percent as mandated by the regulations.
 
"Reliance Industries Limited today announced that it is proposing to sell 3.25 crore shares of Network18 Media & Investments Limited, (representing 3.10 percent of the equity capital of NW18) to bring down the aggregate shareholding of the promoter and promoter group to 75 percent and increase the public shareholding to 25 percent as mandated by Clause 40A of the listing agreement pursuant to Securities Contract (Regulation) Rules, 1957," said a company statement.
 
In this regard, Shinano Retail Private Limited, a promoter group company of NW18, has issued a notice of Offer for Sale of 3.25 crore shares of NW18 through the stock exchange mechanism in accordance with the Securities and Exchange Board of India (SEBI) circulars.
 
Shinano Retail Private Limited is 100 percent owned by Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of RIL.
 

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Shopping through mobile phones may cross $638 bn by 2018
Global e-commerce sales made through mobile devices are expected to cross $638 billion by 2018, says a joint study by ASSOCHAM and Deloitte.
 
At present, the availability of e-commerce applications on various mobility devices is helping to drive sales and revenue. E-tailers like Flipkart, Amazon and Jabong now get 50 percent of their revenues from consumers shopping on their mobile phones, D.S. Rawat, secretary general ASSOCHAM said.
 
However, while shoppers want real-time, relevant, and personalised information and offers, retailers will need to surround this service with very strong privacy and security. Trust, transparency, and protecting customer information will be critical in retaining loyalty as mobile retailing becomes the norm, the study said. 
 
"Online commerce companies should enable all features from search-to-purchase on mobile apps, such as facilitating product research, price comparison, view ratings and reviews, and payment."
 
The launch of wearables, such as Google Glass and Apple Watch, has opened new opportunities for reaching out to customers, the study said, adding that e-tailers would keep an eye on developments in this arena.
 
The e-marketplaces are growing significantly with the increase in the internet penetration and smartphone usage. Internet enabled mobiles are making shopping a unique experience for buyers.
 
According to the joint study "Global Powers of Retailing 2015", online marketplaces rather than pure inventory-led companies tend to serve as the primary e-commerce model in Asia.
 
"The high costs of holding inventory, poor logistics and supply chain challenges in India are shifting the inventory-led companies and new entrants to adopt marketplace model," the study said.
 
It also said cash-on-delivery is the most preferred mode of payment in India with 45 percent of the shoppers using it, while 21 percent shoppers opt for debit cards and another 16 percent go for credit cards.

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BlackBerry's up to Android smartphone

The device, called Venice, will run Google's mobile OS and complete suite of apps, Droid Life reported

 

Blackberry seems to have finally shed all qualms about the Android and is ready to hog the platform.
 
There have been rumours of the possibility of BlackBerry releasing an Android device this year. The device, called Venice, will run Google's mobile OS and complete suite of apps, Droid Life reported.
 
According to a leaked press render, the device looks rather elegant, featuring a rounded front display, complete with microUSB, headphone jack, and large speaker.
 
However, this is not all. The display can slide up, revealing a full keyboard for those who wish to use one. Venice, in that way, seems to be a blend of modern design and a bit nostalgia.
 
The Venice will be hitting AT&T's network, but there is no timeframe for the release.
 
As shown in the render, the device looks to be running all of Google's applications, meaning the device will likely have access to Google Play.

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