BSNL to Give 50 Percent Cashback on Talk Time Vouchers With 'Dussehra Vijay' Offer

Highlights

• BSNL talk time cashback offer will be applicable on select recharges
• It will be available on recharges made till October 25
• There is a full talk time offer on recharges made via its app or website

 

BSNL is offering cashback of 50 percent this Dussehra on voice recharges as part of a new promotional offer. Apart from this, there will be a full talk time offer on recharge transactions carried via the state-owned telecom operator’s mobile app or website for a limited period. Both offers will be applicable for BSNL users across India and will go live on September 25.
As part of the BSNL offer, customers who buy recharge packs between September 25 and October 25 will get 50 percent cashback for the recharge value. The offer is applicable on talk time recharges of Rs. 42, Rs. 44, Rs. 65, Rs. 69, Rs. 88, and Rs. 122, the company said in a statement. The full talk time offer would be applicable on recharges of Rs. 30 only, and the offer will start on September 25 and last till October 2.

R.K. Mittal, Director (CM) BSNL Board said, “We always come up with extra benefits on festive occasion. On this occasion we are offering up to 50 percent more talk value along with many FTT offers for all our prepaid mobile customers.”
This is the latest in a series of BSNL offers released over the past few months. A promotional offer launched earlier this month reduced the tariff for on-net calls to 15p per minute and off-net calls to 35p per minute for 30 days with recharge pack of Rs. 8. Users could get the same call tariff for 90 days with recharge of Rs. 15. For data consumers, the company also has a recharge plan with up to 90GB of data (1GB per day for 90 days) priced at Rs. 429.
BSNL is planning to roll out 4G VoLTE services on pan-India basis, and has asked the government for approval to use 700MHz band for 4G and 5G services. The company has also held discussions with Nokia over 5G field trials.
  
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Amazon Acquires 5 Percent Stake in Indian Fashion Retailer Shoppers Stop

Highlights

• Amazon's investment arm is eyeing the brick and mortar market of India
• Amazon's investment arm has acquired 5 percent stake in Shoppers Stop
• Shoppers Stop has 80 retail stores in India. It owns HyperCity as well

Amazon's investment arm has acquired a 5 percent stake in Mumbai-headquartered fashion retailer Shoppers Stop, the e-commerce giant confirmed on Saturday, as it expands its presence in India and eyes the bricks and mortar market.
Shoppers Stop said on Saturday said that its board of directors has approved an arrangement with Amazon.com NV Investments Holdings LLC, as part of which the fashion retail company will raise Rs. 179.26 crore ($27.6 million) from Amazon.com's subsidiary and issue a five percent equity share to the e-commerce giant's subsidiary in exchange. The board, Shoppers Stop said in a filing on Indian stock exchange BSE, has also proposed to hold an extraordinary general meeting of the company on October 18, 2017 to seek approval of the shareholders. Amazon.com NV Investment Holdings LLC is a limited liability company incorporated in the US, and registered as category III Foreign Portfolio Investor with SEBI in India. 
Amazon confirmed to Gadgets 360 that its investment arm has proposed to make the investment in Shoppers Stop, with a spokesperson adding that the company believes the fashion retail market in the country is "under penetrated and highly unorganised. We see a big potential in Shoppers Stop to disrupt this segment and want to be part of their growth story."
It's the first time Amazon has invested in an offline fashion retail in India. The move comes on the heels of rival Flipkart raising a war chest from Japan's SoftBank. Flipkart owns fashion e-commerce companies Myntra and Jabong.
Last week, Shoppers Stop said it had entered into an exclusive partnership with Amazon Seller Services, as part of which it would have a flagship store on the Amazon marketplace. The company said it will be selling its entire portfolio of over 400 products across apparel, footwear, and other categories on Amazon.in website. The move came two years after Shoppers Stop had entered into a similar agreement with Snapdeal.com.
Shoppers Stop has 80 retail stores across the country. The company has an online store of its own, but it is struggling to make a dent in the online space. Shoppers Stop also owns HyperCity grocery chain and CrossWord Bookstores. As of earlier this month, there were 19 HyperCity stores in India.

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