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<ul><li>Jockey and Speedo seller Page Industries has seen a 13.8% fall in profits while gross margin is down to 40%. </li><li>Rising competition and rising costs are making the slowdown worse. </li><li>The $1.9 billion Sunder Genomal family that had a dream run with Jockey for years is facing headwinds now. </li><li>Mirae Asset Blue Chip Fund and Kotak Emerging Equity Scheme were among shareholders at the end of December 2019. </li></ul>The 1% decline in the share price of Page Industries, or the nearly 14% fall in quarterly profit, is not the entire story. 2019-20 is turning out to be more difficult than ever before due to three reasons— rising competition, rising input costs, and slowing demand. Profit margin is constantly shrinking— gross margin is down from over 63% at the end of March 2019 to 40% in December— for the company, which is sole licence holder for Jockey and Speedo brands, in India, Sri Lanka, Bangladesh, Nepal and the UAE. 
 
 
 
 
 
 
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 The latest third quarter saw 13.8% fall in profit to ₹87 crore and a 16% rise in expenses due to finance and employee benefits expenses. On the other hand, revenue grew at a relatively slower rate of 6.6% to ₹797 crore ($11 million). Mirae Asset Blue Chip Fund and Kotak Emerging Equity Scheme were among shareholders at the end of December 2019. More brands of innerwear have entered India, and some more have grown here The branded innerwear segment in India has been growing, with the entry of new players like Zivame, Clovia, Pretty Secrets which sell under their own brand online. Added to that, the variety of options having considerably grown with e-commerce giants like Amazon, Flipkart and Myntra, Snapdeal have increased considerably. To keep up with rising competition, the company has had to invest more. “A temporary dip in PAT (profit after tax) is entirely due to enhanced investments in sales and marketing, people and technology, which will drive sustainable growth in the years to come,” said the company’s official statement. As on September 30t, 2018, <a href="https://www.jockeyindia.com/news/press-releases" data-type="tilCustomLink" target="_blank">the Bengaluru-based company had over 20,000 employees</a>, spread over 15 manufacturing units in Bengaluru, Hassan, Mysore, Gowribidanur, Tiptur and Tirupur. Headwinds for underwear The Sunder Genomal family's— worth $1.9 billion according to Forbes— 26-year long dream run with Jockey is finally slowing down, along with the Indian economy. The share price has multiplied over nearly 90 times since the listing in 2007. Even in the last three years, since demonetisation, when the economy started to slow down the stock has gone 63.7%. However, you can neither write-off the promoters nor the brands they sell. Page Industries currenly sells to 130 million Indians but there is still a huge chunk of untapped market for branded players There is a big enough market for a lot of players but the sellers have to wait for the slowdown to end for the profit squeeze to ease. 
 
 
 
 
 
 
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 SEE ALSO: <a href="https://www.businessinsider.in/finance/news/dabur-share-price-and-indian-billionaires-anand-burman-family-net-worth/articleshow/73988597.cms" data-type="tilCustomLink" target="_blank">Chyawanprash, and the government’s blessings, are helping Dabur make hay even when the sun don’t shine</a> <a href="https://www.businessinsider.in/business/corporates/news/hawkins-dishes-out-delicious-earnings-and-dividends-thanks-to-corporate-tax-cuts/articleshow/74000686.cms" data-type="tilCustomLink" target="_blank">Hawkins dishes out delicious earnings and dividends thanks to corporate tax cuts</a> <a href="https://www.businessinsider.in/business/corporates/news/irctc-stock-multiplied-over-5-times-in-4-months-making-the-indian-government-richer/articleshow/74114079.cms" data-type="tilCustomLink" target="_blank">This stock multiplied over 5 times in 4 months making the Indian government richer by $2 billion</a>

Biting slowdown is squeezing Page Industries' profit margin on Jockey and Speedo

<ul class="summary-list"><li><keyword id="12403687" type="UNKNOWN" weightage="60" keywordseo="crypto-traders" source="Orion">Crypto traders</keyword> are competing for the right to own an <keyword id="11919795" type="UNKNOWN" weightage="60" keywordseo="nft" source="Orion">NFT</keyword> linked to a 2,000-pound <keyword id="12346444" type="UNKNOWN" weightage="60" keywordseo="tungsten" source="Orion">tungsten</keyword> cube.</li><li>The NFT would give the owner rights to visit the cube in storage once each year.</li></ul>Crypto enthusiasts are jockeying for a chance to touch a 2,000-pound tungsten cube once a year, with minimum bids topping $190,000. Crypto traders have <a href="https://markets.businessinsider.com/news/currencies/buy-midwest-tungsten-cubes-with-bitcoin-crypto-2021-10">become obsessed</a> with the extremely dense metal recently, and are now vying for a shot at owning an NFT of an extremely heavy tungsten cube along with annual visitation rights. Midwest Tungsten, which supplies the metal for industrial uses, is selling an NFT of its 14.545-inch, 2,000-pound cube, according to a <a href="https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/36033305814565393839012117540795495898903988734891995320738861183142759235585/">listing on OpenSea</a>."This NFT represents a real-world physical cube that will be stored at Midwest Tungsten Service headquarters and owned by the NFT owner. One visit to see/photograph/touch the cube per calendar year will be allowed and scheduled with a Midwest Tungsten Service representative," the company said on the site. The listing added that the NFT owner can opt to replace the cube with a larger size, depending on availability and capability, during each annual visit. Midwest Tungsten has been feeding into the crypto world's hype around its metal specialty. Last week, the company announced it would accept bitcoin for purchases of its small tungsten cubes. The initial interest in tungsten cubes may have stemmed from an Oct. 12 tweet joking that crypto traders caused a shortage of the item. An actual, temporary shortage of the cubes then resulted with one of the 4-inch cubes that weighs about 40 pounds selling for about $3,000 on Amazon, Insider previously reported. The sale of the 2,000-pound cube's NFT ends Nov. 1, and the minimum bid is 47.74 ether, which the site said equated to about $191,432.63. <a href="https://www.vice.com/en/article/n7njgd/crypto-investors-are-bidding-to-touch-a-1784-pound-tungsten-cube-once-a-year">Vice</a>, which first reported the news, said the metal's "surprising weight is, apparently, pleasurable." Insider previously wrote that <a href="https://www.crunchbase.com/organization/cms-holdings" target="_blank" rel="noopener">CMS Holdings</a>' Dan Matuszewski said: "crypto just has a propensity for the density."Midwest Tungsten general manager Kevin Anetsberger did not immediately respond to Insider's request for comment.

Crypto traders are bidding to own an NFT so they can touch a 'pleasurable' 2,000-pound tungsten cube

by <a href="https://www.businessinsider.com.au/facebook-google-australian-government-accc-inquiry-crackdown-2019-12" data-type="tilCustomLink">Jack Derwin</a>, <a href="https://www.businessinsider.com.au/" data-type="tilCustomLink">Business Insider Australia</a><ul><li>The <keyword id="97514" type="ORGANIZATION" weightage="20" keywordseo="Australian-government">Australian government</keyword> has revealed how it plans to police Google and Facebook and break its dominance of the local media landscape, almost two years after it launched its ‘<keyword id="8441798" type="UNKNOWN" weightage="20" keywordseo="digital-platforms-inquiry">Digital Platforms Inquiry</keyword>’.</li><li>In an announcement on Thursday, Treasurer Josh Frydenberg released the government’s response to each of the 23 recommendations the ACCC set out in July.</li><li>Under the plan, the government has committed to creating an ACCC branch dedicated to digital platforms and an ongoing inquiry into their dominance of digital advertising, but has largely rejected calls for greater funding of Australian journalism and instead opted to allow Facebook and Google to come up with their own codes of conduct.</li><li><a href="https://www.businessinsider.com.au/%E2%80%9Chttps://www.businessinsider.com.au%E2%80%9D" target="“_blank”">Visit Business Insider Australia’s homepage for more stories.</a></li></ul>After launching <a href="https://www.businessinsider.com.au/josh-frydenberg-says-the-governments-tech-crackdown-is-groundbreaking-but-it-falls-well-short-of-the-breakup-facebooks-own-co-founder-chris-hughes-wants-2019-7" target="_blank">a “world-first” and “groundbreaking” inquiry </a>into Facebook and Google more than two years ago, the Australian government has finally announced how it plans on fighting their market dominance. READ MORE: <a href="https://www.businessinsider.com.au/josh-frydenberg-says-the-governments-tech-crackdown-is-groundbreaking-but-it-falls-well-short-of-the-breakup-facebooks-own-co-founder-chris-hughes-wants-2019-7" target="_blank">Government’s tech crackdown falls short of the breakup Facebook’s co-founder Chris Hughes wants</a> The government has had the ACCC’s final report since July, in which <a href="https://www.businessinsider.com.au/australian-government-digital-platforms-inquiry-big-tech-accc-2019-7" target="_blank">the competition watchdog made 23 recommendations</a> to reign in the two tech titans. That sparked a 12-week public consultation period, with the government on Thursday finally revealing its cards. “I want us to be the model jurisdiction in the world for how we are dealing with digital platforms, social media platforms,” Prime Minister Scott Morrison told media. “And I have a simple rule: the rules that apply in the real world should apply in the digital world.” “The companies are on notice. The government is not messing around. We will not hesitate to act,” Treasurer Josh Frydenberg said. This is how the government will act on the ACCC recommendations. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">The government isn’t introducing greater protection for your data right now</h2>Another major sticking point was the ability and proclivity of digital platforms to hoover up user data for profit. In the US earlier this year Facebook was clobbered with <a href="https://www.businessinsider.com.au/facebook-ftc-record-penalty-mark-zuckerberg-2019-5" target="_blank">a $US5 billion fine </a>for this very habit, sharing it during the Cambridge Analytica scandal. The penalty also came with <a href="https://www.businessinsider.com.au/australian-government-digital-platforms-inquiry-big-tech-accc-2019-7" target="_blank">a list of restrictions</a> on exactly what the social media giant can and can’t do. Accordingly, the ACCC wanted to make data collection policies transparent and enforce “data portability” –empowering users to control their own data. The government supports this in principle but in reality, hasn’t announced any actual changes. Instead, it says it will consult further on this meaning for now, it looks like you’re mostly on your own. What it would commit to is raising the penalties for breaching the privacy act. With a bill to hit parliament next year, it’s unclear what kind of penalties this would entail however. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">The government won’t commit to a $50 million Australian journalism fund</h2>Throughout the inquiry, <a href="https://www.businessinsider.com.au/australias-free-to-air-broadcasters-issue-statement-demanding-the-government-step-up-and-tackle-the-growing-dominance-of-google-and-facebook-2019-9" target="_blank">some of the loudest voices condemning Facebook and Google’s might have been Australian media companies</a>. Their profits have been eroded as the journalism they pay for is shared freely on platforms from which they don’t derive a profit. In response, the ACCC recommended $50 million be collected form the tech platforms to fund local journalism. The government isn’t having it. Instead, it has said it’s funding of the ABC and SBS is sufficient — $3.2 billion and $887 million over the next three years. It will, however, increase grants for regional journalism. “The Government will enhance the Regional and Small Publishers Jobs and Innovation Package to better support the production of high quality news, particularly in regional and remote areas of Australia,” it said. It also won’t tinker with tax settings to encourage philanthropic contributions to media companies. READ MORE: <a href="https://www.businessinsider.com.au/australian-media-companies-are-now-making-exclusive-content-for-facebook-just-weeks-after-they-slammed-it-2019-8" target="_blank">Australian media companies are now making exclusive content for Facebook, just weeks after they slammed the platform</a> <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">A new ACCC branch will police big tech</h2>While the ACCC believed its recommendations will curtail the digital platforms, it also wanted to be given more teeth going forward. Its proposal? A new branch of the ACCC dedicated purely to future vigilance. Of all the recommendations this potentially was the most threatening given <a href="https://www.businessinsider.com.au/facebook-google-algorithm-scrutiny-australia-accc-2019-7" target="_blank">the ACCC wanted it to interrogate Facebook and Google’s algorithms.</a> The government appears to back this. “The Government is committing $27 million over the next four years for the creation of a new Digital Platforms Branch to undertake specific inquiries,” it said. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">It will be examining how the two platforms swallow up digital advertising dollars</h2>The government is also supporting the ACCC desire for an ongoing public inquiry to keep Facebook and Google on their toes when it comes to advertising. However, while the ACCC wanted a five-year purview, the report is unclear on a timeline. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">Facebook and Google can voluntarily notify the ACCC of future business acquisitions</h2>But it will only be a voluntary code worked out between Facebook, Google and the ACCC. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">They won’t be compelled to take down copyrighted material</h2>Instead the government will reexamine this recommendation at the end of 2020. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">Google Chrome’s default status on some devices looks to be unchallenged</h2>Google Chrome, the eponymous browser, was also been a target of the ACCC. The watchdog is concerned that by making it the default on Android devices, Google is unfairly consolidating a monopoly. Instead, it proposed Australia follow Europe’s lead and allow people to choose what browser they use from the get-go. The government appeared to not take a stance in its report. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">Google and Facebook will be allowed to come up with their own code to fight fake news</h2>Fake news, made endemic in the Information Age and emerging as <a href="https://www.businessinsider.com.au/trump-attacks-fox-news-over-polling-continues-war-on-network-2019-6" target="_blank">a catch cry by Donald Trump</a>, is also in Australian crosshairs. While the ACCC was jockeying for some concrete action, the government has opted for the platforms to continue self-regulating, by coming up with a voluntary code of conduct on how they will combat disinformation. “Should the actions and responses of the platforms be found to not sufficiently respond to the concerns identified by the ACCC, the Government will consider the need for further measures,” the report said. <h2 style="font-family: &quot;LabGrotesque Black&quot;, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-weight: 400; margin-top: 20px; margin-bottom: 1em; font-size: 30px; color: rgb(51, 51, 51); background-color: rgb(255, 255, 255);">Facebook and Google’s response</h2>For their part, the two tech giants welcomed the government’s response. “We share the Government’s view that now is an opportune time for democratic countries like Australia to work with industry on new regulation for the internet that protects the choice and opportunities for millions of Australians that use our services,” Facebook Australia and New Zealand director of policy Mia Garlick told Business Insider Australia. “We support a sustainable news ecosystem which is why we work with publishers to help them reach new audiences and invest significantly in tools to provide transparency over the content people and publishers see on our services. Our primary focus remains on achieving economy-wide privacy protection, data portability and a user focused digital news distribution code, while preserving the many benefits that technology delivers in this country.” That’s lucky considering the government seems unlikely to mandate its behaviour. Google was slightly less verbose. “We have engaged closely with the ACCC and the Government throughout this comprehensive process and will continue to do so in 2020, including on focus areas such as privacy, ad tech and our work with publishers,” a Google spokesperson said. Industry lobbyist DIGI told Business Insider Australia it will be screening the proposals for “unintended consequences” but it too appeared largely content with the government’s response at this stage. “DIGI is supportive of efforts to modernise relevant media laws for a digital era, and we look forward to contributing to the development of a regulatory framework that duly recognises some of the fundamental differences between digital products and media businesses,” managing director Sunita Bose said in a statement. With the government now taking an active interest in constraining the two platforms, however, it certainly won’t be the last word we’ll hear from them.

The Australian government has revealed how it plans to crack down on Facebook and Google. Here's what it has in store.

<keyword id="6354485" type="CITY" weightage="60" keywordseo="mobile">Mobile</keyword> Insights is a daily newsletter from <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> delivered first thing every morning exclusively to <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">BI Intelligence</a> subscribers. <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&amp;utm_medium=Edit&amp;utm_term=MI&amp;utm_content=link&amp;utm_campaign=BIIMobile">Sign up for a free trial of BI Intelligence today</a>. 

<a href="http://www.rapidtvnews.com/index.php/2013040227066/smartphones-not-tablets-used-for-most-mobile-video-consumption.html">Smartphones Used For Most Mobile Video Consumption</a> (Flurry via Rapid TV News) Nearly a third of time spent playing games take places on larger devices, namely full-sized <keyword id="6361927" type="UNKNOWN" weightage="60" keywordseo="Tablets">tablets</keyword>, small tablets and phablets, Flurry's research found. And they represented only 15 percent of device models in use in February and 21 percent of individual connected devices. But video is more often viewed on <keyword id="6354775" type="TECHNOLOGY" weightage="60" keywordseo="Smartphones">smartphones</keyword>. "It's somewhat surprising that tablets, which possess larger screens, do not see a larger proportion of time spent," the company said. "An explanation for the high concentration of time spent in smartphones could be that consumers watch videos from their smartphones on-the-go (e.g., commuting to work on public transit), whereas they opt for a bigger screen to watch video (e.g., computer or TV) when at work or home." <a href="http://www.rapidtvnews.com/index.php/2013040227066/smartphones-not-tablets-used-for-most-mobile-video-consumption.html">Read &gt;&gt;</a>
<div class="image-container float_right" style="width:400px"><div class="image"></div><a href="http://www.flickr.com/photos/lee445/2773196223/">Flickr / Lee445</a></div><a href="http://www.mobileworldlive.com/app-store-revenue-downloads-continue-upward-trajectory-canalys">App Store Revenue And Downloads Continue Upward Trajectory</a> (Canalys via Mobile World Live) The world’s four leading <keyword id="115504" type="ORGANIZATION" weightage="60" keywordseo="App-Store">app store</keyword>s generated $2.2 billion in total revenue from 13.4 billion <keyword id="6795187" type="UNKNOWN" weightage="60" keywordseo="downloads">downloads</keyword> in the first quarter of 2013, according to analyst firm Canalys. The research found that Apple’s App Store, Google Play, Windows Phone Store and BlackBerry World enjoyed a 9 percent increase in direct revenue from paid apps, in-app purchases and subscriptions compared to the previous quarter. This was slightly below the 11 percent growth in downloads. Apple’s App Store generated the largest proportion of revenue, while Google Play saw the highest number of downloads, accounting for 51 percent of the total. <a href="http://www.mobileworldlive.com/app-store-revenue-downloads-continue-upward-trajectory-canalys">Read &gt;&gt;</a>
<a href="http://www.mobilemarketer.com/cms/opinion/columns/15112.html">Why Mobile M&amp;A Deals Are Taking So Long</a> (Mobile Marketer) Despite the continuing migration of consumers from desktop to mobile devices, few significant deals have been struck. There was the acquisition of Amobee by Singtel and the successful IPO of ad network Millennial Media, but the overall pace of M&amp;A and IPO activity in mobile has been spotty. The reasons are many. Very few mid-staged companies have posted earnings sufficient to entice either “strategics” or private-equity buyers. There is also a huge disparity between the time spent on mobile devices (eyeballs) and the amount of marketing money chasing those eyeballs. The mobile landscape is still composed of a dizzying array of early-stage companies. <a href="http://www.mobilemarketer.com/cms/opinion/columns/15112.html">Read &gt;&gt;</a>
<a href="http://blogs.barrons.com/techtraderdaily/2013/04/08/aapl-survey-suggests-loyalty-upgrade-frequency-says-raymond-james/">Survey Shows Consumers More Loyal To iPhone Than Android</a> (Raymond James via Barron's) In a note to clients, Raymond James’s Tavis McCourt details responses to a survey of Apple customers regarding their purchasing intentions, responses he opines demonstrate higher loyalty toward the company than is enjoyed by customers of <keyword id="6355645" type="COMPANY" weightage="60" keywordseo="android">Android</keyword>. The survey, conducted March 14th through the 26th via the Web, with 250 people taking part, is part of series of such inquiries that McCourt says he conducts every three months. Among the conclusions that McCourt derives from the survey is that users of Apple’s <keyword id="6354606" type="COMPANY" weightage="60" keywordseo="iPhone">iPhone</keyword> are willing to upgrade more frequently than users of other platforms, willing to stick with Apple products more than customers of other platforms, and that a reduction in price is a principal factor that would bring in new buyers, whereas a larger screen on the iPhone would mostly prompt upgrades. <a href="http://blogs.barrons.com/techtraderdaily/2013/04/08/aapl-survey-suggests-loyalty-upgrade-frequency-says-raymond-james/">Read &gt;&gt;</a>
<a href="http://news.cnet.com/8301-1035_3-57578557-94/t-mobile-execs-see-early-momentum-higher-store-traffic/">T-Mobile Execs See Early Momentum</a> (CNet) <keyword id="30493" type="CITY" weightage="60" keywordseo="T-mobile">T-Mobile</keyword>'s decision to abolish contracts and cell phone subsidies has piqued the interest of consumers. That's according to T-Mobile's senior vice president of marketing, Andrew Sherrard, and its executive vice president for corporate services, David Carey. Carey said traffic was up in all of the stores he visited after the carrier made its switch late last month and announced the changes during a high-profile event in New York. Carey also said pre-registrations for the iPhone 5, which debuts on T-Mobile on Friday, have been strong, although he declined to provide any specific figures. <a href="http://news.cnet.com/8301-1035_3-57578557-94/t-mobile-execs-see-early-momentum-higher-store-traffic/">Read &gt;&gt;</a>
<a href="http://www.banktech.com/payments-cards/javelin-forecasts-big-growth-in-mobile-p/240152211">Big Growth Coming In Mobile Payments</a> (Javelin via Bank Tech) Javelin predicts significant growth in <keyword id="583485" type="UNKNOWN" weightage="60" keywordseo="Mobile-Payments">mobile payments</keyword> and moderate growth in prepaid cards, with further decline in cash and checks, in its 2013 Retail Point-of-Sale Update and Forecast. The report said that the highest growth for any payment type from now until 2018 will be in mobile payments. Mobile proximity payments accounted for only .01 percent of the $3.98 trillion in retail point-of-sale payments last year. Javelin predicted that mobile adoption and industry push for mobile payments that the total amount of mobile payments at the point of sale would increase from $398 million last year to $5.4 billion in 2018. <a href="http://www.banktech.com/payments-cards/javelin-forecasts-big-growth-in-mobile-p/240152211">Read &gt;&gt;</a>
<a href="http://www.cbc.ca/news/technology/story/2013/04/05/f-mobile-payments-smartphones.html">How Mobile Is Changing How We Pay For Things</a> (CBC) Calgary food truck owner Cosmo Spina used to watch potential customers walk away hungry because he couldn't accept their credit cards and they didn't have any cash. "I found that as I got busier and got to more places and more people, a lot of people just don't carry cash anymore, not even $10," Spina said in an interview outside the Husky building. Now, after adopting e-payment technology from one of the many players jockeying for position in this new market, both Spina and the customers who want to use credit cards at his Italian pasta truck are much happier. Cosmo Spina says about 20 percent of the customers at his Calgary food truck pay with a credit card, which he can put through a <keyword id="688028" type="CITY" weightage="60" keywordseo="Square">Square</keyword> reader. <a href="http://www.cbc.ca/news/technology/story/2013/04/05/f-mobile-payments-smartphones.html">Read &gt;&gt;</a>

BII MOBILE INSIGHTS: Smartphones Driving Huge Growth In Mobile Video

<ul><li>25% more sellers grossed sales over ₹1 crore as compared to last year’s <keyword id="2936509" type="PERSON" weightage="20" keywordseo="Prime-Day">Prime Day</keyword>.</li><li>Customers from over 96% pincodes of India placed their orders on Prime Day.</li><li>The company also revealed that more than 70% of new Prime members shop from outside of the top 10 cities.</li></ul>E-commerce firm <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> hosted its annual 48-hour long ‘Prime Day’ sale earlier this week, in India, and it recorded the most small medium business (SMBs) selling on the e-commerce platform ever. Personal computing, beauty, apparel, home and kitchen, smartphones and pantry witnessed the highest number of sales, the company said in a statement. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Smartphones </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">OnePlus Nord 2 5G, One Plus Nord CE 5g, Redmi Note 10 series, Redmi 9, Samsung Galaxy M31s, Samsung Galaxy M21 and Realme c11 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Highest-selling TV </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Onida Fire TV </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top appliance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">LG and Samsung in washing machines; Whirlpool and Samsung in refrigerators; Samsung in microwave in kitchen and home appliances. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top selling apparel brands </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jockey, GoSriKi, Biba and Max </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top selling beauty brands </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nivea, Biotique, Dove, WOW, L’Oreal, Mamaearth, Himalaya, Vaseline, Parachute, Lakme and Nivea </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Alexa </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">One in every 10 smartwatches and one in every 6 smartphones sold this Prime Day was Alexa built-in. </td></tr></tbody></table> Prime members shopped from 1.26 lakh sellers, which included artisans, weavers, women entrepreneurs, startups and brands, local offline neighbourhood stores. Of these, 31,230 sellers saw their highest ever single day sales during the two-day sale and nearly 25% more sellers’ grossed sales over ₹1 crore as compared to last year’s Prime Day. The company has over 8 lakh sellers listed on its e-commerce platform. Customers from over 96% pincodes of India placed their orders on Prime Day. “We dedicated this Prime Day to SMBs and local stores and are humbled by their participation. Prime members shopped from more than 126,000 SMBs and stores from across over 6,800 pincodes, making it the biggest ever sales for SMBs on Amazon.in. We are also excited that the month leading up to Prime Day became Prime Video’s best ever viewership period, firmly establishing that India loves free, fast shipping, exclusive shopping and digital benefits that Prime offers,” said Akshay Sahi, director of Prime and Fulfillment Experience at Amazon India. The company also revealed that more than 70% of new Prime members shop from outside of the top 10 cities including towns like Anantnag in Jammu &amp; Kashmir, Bokaro in Jharkhand, Tawang in Arunachal Pradesh, Mokokchung in Nagaland, Hoshiarpur in Punjab, Nilgiris in Tamil Nadu, Gadag in Karnataka and Kasargod in Kerala. SEE ALSO <a href="https://www.businessinsider.in/tech/news/india-has-limited-options-for-weapons-that-can-take-down-enemy-drones/articleshow/84836724.cms">India has limited options for weapons that can take down enemy drones</a> <a href="https://www.businessinsider.in/politics/political-media/news/there-are-at-least-four-hot-issues-in-india-that-the-government-has-no-data-for/articleshow/84820788.cms">There are at least four hot issues in India that the government has no data for</a> <a href="https://www.businessinsider.in/business/news/ola-expands-esop-pool-to-3000-crore-issues-stock-worth-400-crore-to-employees/articleshow/84820171.cms">Ola expands ESOP pool to ₹3,000 crore, issues stock worth ₹400 crore to employees</a>

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