(Source: facebook.com, via thenewenlightenmentage)
(Source: facebook.com, via thenewenlightenmentage)
(The Last Day: A mini-episode - The Day of the Doctor prequel - Doctor Who via http://www.youtube.com/attribution_link?u=/watch?v=Eem2Ehq_xBI&feature=share&a=srmG-GuVkcUr8AYlDTLWrw)
Damn this pic looks so real. RT @irajdeep pic.twitter.com/MfAXbwgYA9— José Covaco (@HoeZaay)
Not really surprising, but there’s new data that says Atheists are generally smarter than religious people.
The Most Astounding Fact - Neil deGrasse Tyson
So, they just announced the 12th Doctor! Peter Capaldi - In spite of his huge career as an actor on british television and movies, I didn’t know who he is - I don’t watch any british tv other than doctor who! Anyway I looked at his wikipedia page. Not long ago, he played WHO doctor - heh!
'Game of Thrones'/'Arrested Development' Mashup (via Cracked)
Some very cool news for paypal users from India who are using the service for selling stuff internationally. the RBI is now allowing you to receive up to $10,000 per transaction instead of the previous $3,000 limit imposed through paypal.
While there is a good chance that this was done as one of the several measures to halt the rupee decline, it’s still the right step forward for ecommerce.
investment bank Piper Jaffray recently asked 4800 teens to share their spending patterns, brand preferences, media and entertainment habits and other information. Turns out, most teens, who update their facebook statuses every five minutes and tweet every thought they have, shop online, but prefer to shop in stores given a choice - 78% of girls and 75% of boys said they’d rather go to actual stores.
Shop online? Many teens do it, but more prefer the store | Pew Research Center
American teens have long been the country’s most-wired age group. But contrary to the stereotype of hyper-connected teens, they say some things are better done in person.
Most of this month, the media has been abuzz with gloomy stories about how e-commerce companies are ‘getting consolidated’, shuttering, cost-cutting and so on; I think what is happening now is absolutely fantastic for India’s e-commerce Industry in the long term.
I have no idea how e-commerce entrepreneurs were able to convince venture capitalists to pour hundreds of millions of dollars into nothing more than simple e-retail shops between 2010 and 2012, but they did, and spent their money into creating giant cash bleeding machines. The era of unreal valuations and over-optimism about e-commerce, it seems, is thankfully almost over and what will emerge from this is what I like to call “real”, organic, natural e-commerce as could have been the case right from the start, if it wasn’t for the unnecessary VC money.
You may recall this post from a long time ago where I made some predictions about where Indian e-commerce is headed over the next five years, the first of these predictions has come true; I quote:
Most of the venture-backed stores that are currently making losses will continue their downward spiral and will die out. The ones who will survive, are the ones who are currently profitable or are on their way to be profitable.
The fulfilling of this prophecy will inevitably ensure that the rest of the predictions in that post will also come to pass (see how I sound almost biblical there?). — This means a more dynamic, organic, innovative and functioning e-commerce industry in the country that will be a lot of fun to be part of.
E-commerce Slowdown: Flipkart, Jabong cutting jobs - The Times of India
E-commerce & idli profitability - The Hindu
e-commerce may indeed be the future of commerce, but if it is, then the future is a tough place.
E-Commerce in India at Turning Point - India Real Time - WSJ
A ripple of mergers and closures among India’s e-commerce websites that began last year is threatening to become a wave, as these companies find it harder to get fresh funding.
Successful Indian Startups Sacking Employees In Huge Numbers
Bangalore: The cutback of India’s e-commerce sector has led to the handing out of pink slips by online retailers as they shift attention from acquiring customers to controlling costs. Among the companies sacking staff, Flipkart and Jabong, the leaders in the e-commerce space have nearly sacked about one-tenth of the workforce, reports TOI.
Online Fashion Retailer Rock.in Shuts Down
Online fashion retailer Rock.in, backed by Partech International, a venture capital firm based in France and Silicon Valley, has shut shop. This is one of the many e-commerce companies that shut shop in the country over the last three months.
Add Product Schema Microdata to Magento | Revital Agency
This quick tutorial will show you how to add the Microdata for a Product to your Magento Cart. The Schema.org Doc: http://schema.org/Product
Indian Courier Services Review For E-Commerce Businesses: Infographic
Here is an Infographic created by folks at Zepo to visually present the comparative ratings.
Andreessen predicts the death of traditional retail. Yes: Absolute death
“Retail guys are going to go out of business and ecommerce will become the place everyone buys. You are not going to have a choice,We’re still pre-death of retail, and we’re already seeing a huge wave of growth. The best in class are going to get better and better. We view this as a long term opportunity.” Said Andreessen
Business Line : Industry & Economy News : Remove FDI ban from retail e-commerce: Assocham
Industry body Assocham has asked the government to remove the ban on foreign direct investment in retail e-commerce business.
It was a very strange move by the government to ban FDI in e-commerce in the first place while at the same time, allowing FDI in physical retail, and if this was because Walmart and other Retail giants lobbied for the ban to happen, the ban will be lifted as soon as these giants will want to start their e-commerce operations in the country, not sooner.