Business

Will tapping renewable energy solve Tamil Nadu’s power problems ?

By Vipal Durge

KONICA MINOLTA DIGITAL CAMERA

Power shortage haunts Tamil Nadu again

Photo Courtesy: http://www.wikimedia.org

Chennai: The renewable energy market in India offers opportunities worth $ 10.51 billion as per the energy target set by the Ministry of New and Renewable Energy (MNRE). According to Renewable energy status report of 2014, India achieved production capacity of 32,269 MW, which is 12.95 per cent of the total potential available in the country.

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NOOSE TIGHTENS AROUND E-COMMERCE SALES AFTER PORTAL DEBACLE

S.Vishnhu Saaye

Chennai, Oct 30: Following the recent debacle of e-commerce portals in handling huge traffic during discounted sales, consumers have become even more apprehensive about buying online. Online portals cater to fewer customers in India, than stores that sell the same goods.

“It is hard to know if there really is a sale or if it’s only a publicity stunt. I do not want to get excited and disappointed for nothing, so I will never trust such sales again”, says Nalini.M, a student of the Indian Institute of Technology, Madras.

With the festival season around, websites such as flipkart and jabong seem to offer discounts 24 hours a day. (more…)

Diwali Economics

As banner sizes increase, profits decrease Credits: Vedika Agarwal

As banner sizes increase, profits decrease
Credit: Vedika Agarwal

Chennai, Oct. 23: With an average 15% drop in sales, firecracker dealers across the city are finding it difficult to get rid of their stock the day after Diwali. They attribute this fall in demand to the monsoons, growing environmental consciousness, and the availability of China-made firecrackers in the market.

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Offline retailers accuse e-commerce sites of exploitative practices

Chennai, Oct 24: Union Commerce and Industries minister Nirmala Sitharaman rubbished the reports which said that the centre would probe into Flipkart’s ‘Big Billion Sale’ on October 20. The e-commerce firm was accused of exploitative prices and unfair trade practices by the brick and mortar retail firms.

With the Diwali season around, this accusation becomes all the more important as the offline retailers target the ‘season’ time period to push the sales up. (more…)