communication
Flipkart… Answer to US Giant Amazon …Amazing Performance !!!
Flipkart, India’s answer to US online giant Amazon, said Saturday its sales would cross the milestone $1 billion-mark this year, ahead of schedule, in the country’s exploding e-commerce market.
Founded in 2007 by two ex-Amazon.com employees and university friends, Flipkart.com has become India’s biggest shopping portal hit and has drawn backers such as New-York based venture capitalists Tiger Global Management LLC.
“In March 2011 we announced by 2015 we wanted to hit $1 billion” in sales when they stood at just $10 million, said founders Sanchin Bansal and Binny Bansal, who happen to share the same surname but are unrelated.
Now the privately held firm expects to hit $1 billion in sales “one year before our target” which means “we’ve grown 100 times in the last three years,” the pair, who pool operational responsibilities, said in a statement.
The figures reinforce Flipkart’s leadership position in the Indian e-retail market.
The founders, now both 32, said they were “happy and proud” at the progress of Flipkart in which they invested an initial $10,000.
The Bansals are seen as typical of the new risk-ready breed of entrepreneurs that has emerged in India amid years of fast economic growth, relying not on inherited wealth but their own-start up talents to launch businesses.
“E-merchandise retailing sales stood at $1.6 billion in 2013. By 2018, we think they will be $14 billion and in 2023 they will reach $60 billion,” Saloni Nangia, president of leading consultancy Technopak Advisors, told AFP.
While there were already Indian online sellers, Flipkart helped sales take off by allowing customers to pay cash-on-delivery, a move Nangia calls a “game-changer”.
An increasing number of Indians are going online but they are uncomfortable giving credit card details over the Internet. Others do not have a credit card and the Flipkart method allows them to place orders.
“This cash-on-delivery system helped consumers gain trust in online shopping — they saw products arrive,” Nangia said.
Flipkart began selling books but then expanded to mobile phones, televisions, cameras, computers and home appliances.
It has yet to report a profit in the fiercely competitive market with its nearest rival, eBay-backed Snapdeal, targeting $1 billion turnover by mid-decade. The world’s biggest online retailer, Amazon, also entered the market last June.
More retailers are seen going online as real estate is costly “so it makes it hard to have bricks-and-mortar stores”, said Nangia.
India’s vast young population, rapidly embracing the Internet, would “drive the e-tailing story”, she added.
Now, months after putting retail store plans in India on hold, the world’s largest retailer, Walmart, is readying a major e-merchandising push in the country based on the Amazon model, media reports say.
source:::::google news site
natarajan
Joke of the Day…” I thought you said there were no Police …” !!!
A man awoke one evening to discover prowlers in his storage shed. He immediately called 911, gave his address, to report the prowlers and possible burglary. The operator at the other end said “Are they in your house?” He said they were not, only in his storage shed in back of the house. The operator said there were no cars available at that time. He thanked the operator, hung up the phone and counted to 30 and called again. “I just called you about prowlers in my storage shed. Well you do not have to worry, as I just shot them all dead!” Within seconds there were 3 police cars, an ambulance and fire engine at the scene. After capturing the prowlers red-handed, the policeman asked the caller, “I thought you said you had shot them all!” The man answered, “I thought you said there were no police available
source::::joke a day.com
natarajan
Cartoon of the Day…

source:::::glasbergen.com
natarajan
Walk the Work !!!
Desk jobs are slowly killing us. Perhaps even worse than dying early, our office-potato lives are making us moresusceptible to joint pain, fatigue, and illness. To fight off these modern diseases, Iuse a treadmill desk, which keeps me in motion all day long. Unfortunately, treadmill desks are pretty pricey, going for around $1,400 on Amazon.
Posted by Gregory Ferenstein in techcrunch.com ..7 march 2014

Now, a new study has quantified the impacts of treadmill desks on workplace productivity and the results convincingly show why it’s worth it to a company’s bottom dollar to buy walking stations for the entire office.
The researchers conducted a year-long controlled experiment with employees in a financial firm. On average they found that supervisor ratings of employee productivity increased 10% (on a 1-10 scale) and energy expenditure per day shot up 70 calories. This generally confirms other evidence on walking desks, including one that found that doctors are 10% more accurate at diagnosing patients while on a walking workstation (actually, their diagnosis rate went from 88% to near perfect, 99%, while walking).
“The results suggest that the introduction of treadmill workstations, as hypothesized, has a significantly favorable impact on both physical activity and work performance,” the team concludes. “It seems that companies ought to consider making treadmill workstations available to their sedentary employees.”
With any rudimentary back-of-the napkin calculations, outfitting the entire office with walking stations is a penny saver. As long as the new equipment satisfies this the simpleProductivity Increase + Healthcare Savings > Cost of Treadmill Per Employee equation, it makes perfect sense.
A 10% bumb in satisfaction is huge. If the average employee is worth $50K/year, treadmill desks add an extra $5K worth of productivity. Indeed, if the actual productivity spike is anywhere near what other studies have found, it’s likely worth more than the $1,400 price tag. And, it’s not hard to see why treadmill desks are so beneficial: being tired at work causes a massive drain on resources. Being upright helps curb this — and even a slightly perkier workplace is worth a lot of money.
Then, you have to factor in healthcare. Many workplaces offer hundreds of dollars in savings for employee wellness programs, which can save the business itself in insurance costs, sick days, and worker comp. Sick days alone are worth a few hundred dollars per day per employee.
To be sure, office plans that only incentive gym memberships may be insufficient to optimize their employees health: sitting all day long can offset some of the beneficial effects of occasional exercise, which is probably why desk jobs are associated with cardiovascular disease.
I love my treadmill desk, and I walk around five hours a day (and that’s probably more than most will use it). One unit can easily be split by two or more employees. So, the actual cost of a treadmill desk is a maximum of $700 per employee.
In short, so long as the profitable increase in productivity and healthcare savings is more than $700, it’s worth employers to outfit the entire office with treadmill desks.
source:::: techcrunch.com
natarajan
This Dad and Baby Workout is Adorable !!!
This Dad and Baby Workout is So Adorable..
natarajan
Joke of the Day…. ” Yes …that is it … ” !!!
Two elderly couples were enjoying a friendly conversation when one of the men asked the other, “Fred, how was the memory clinic you went to last month?”
“Outstanding,” Fred replied. “They taught us all the latest psychological techniques: visualization, association, etc. It was great.”
“That’s great! And what was the name of the clinic?”
Fred went blank. He thought and thought, but couldn’t remember. Then a smile broke across his face and he asked, “What do you call that flower with the long stem and thorns?”
“You mean a rose?”
“Yes, that’s it!”
He turned to his wife, “Rose, what was the name of that memory clinic?”
source:::::joke a day.com
natarajan

