Latest news with #JioMart
India.com
01-07-2025
- Business
- India.com
Bad news for JioMart, this panel finds them guilty of…fines over unfair trade practices with Rs…
The District Consumer Disputes Redressal Commission in Hamirpur, Himachal Pradesh has held JioMart (operated by Ghodawat Consumer Pvt. Ltd.) accountable for deficiency in service, mental harassment, and engaging in unfair trade practices. The commission has ordered the company to pay a total compensation of Rs 72,263 to the complainant. Complaint Against JioMart The complaint was filed by Babita Rani from Darkoti village. She had ordered 30 kg of rice of the brand 'The Star, 555 JSR Lachkari/Wada Kolam' through an online platform and received it on August 20, 2023. However, upon opening the bag, she found the rice had a foul odour and after consuming it, her entire family fell ill, she said. Advocate Anil Kumar, representing the complainant, argued that the product was hazardous to health. The Commission found the rice to be mixed with non-permitted basic colour based on a food laboratory report and categorised it as 'unsafe food'. Refund By JioMart The Commission directed the company to refund Rs 2,263, the price of the rice, along with nine per cent annual interest. It also directed payment of Rs 30,000 for mental harassment, Rs 20,000 towards litigation expenses, and an additional Rs 20,000 to be deposited in the District Consumer Legal Aid Fund, Kangra. The bench, comprising Chairman Hemanshu Mishra and Member Sneh Lata, also ordered the company to refrain from selling unsafe rice in future and to stop the use of non-permitted colour in food products. (With Inputs From PTI)
India.com
21-06-2025
- Business
- India.com
This US company going to invest Rs 25000000000 in India for..., China and Pakistan in tension due to..., the company name is...
This US company going to invest Rs 25000000000 in India for…, China and Pakistan in tension due to…, the company name is… Amazon Investment in India: American e-commerce company Amazon on Thursday revealed its plan to invest over Rs 2,500 crore in India this year. The company is planning to expand its network in India so that its services can reach more and more people. Amazon's Plan In India According to Amazon, with the investment of Rs 2500 crore, the company is focussing on expanding its network and upgrading its services to deliver faster and reliable services. Technology and innovation is more advanced than before and the interest of the employees can also be improved. This investment will enhance the company's processing capabilities, upgrade its operational network, and improve its delivery infrastructure, ultimately providing customers with superior service. India's E-Commerce Market Growing Rapidly It is worth mentioning that Amazon announced the investment at a time when India's e-commerce market is growing rapidly. The market valuation in 2024 was USD125 billion, and it is estimated to reach USD550 billion by 2030. The market is also supported by the increasing number of internet users in India. E-commerce growth in the country is being fuelled by a younger generation increasingly embracing online shopping. This trend is expanding e-commerce beyond urban centers, into smaller towns and rural areas. Companies like Amazon, Flipkart and JioMart dominate India's e-commerce sector. India's e-business landscape has changed completely because of the investment of billions of dollars in the rapidly growing e-commerce market in recent years. However, this new investment by Amazon can prove to be a challenge for existing e-commerce players such as Flipkart and Meesho.
Economic Times
10-06-2025
- Business
- Economic Times
Can JioMart, Rapido change the game for Eternal, Swiggy? Deven Choksey answers
Tired of too many ads? Remove Ads Also Read: Nexus Venture to invest Rs 125 crore in Rapido ahead of food delivery launch Tired of too many ads? Remove Ads , MD,, says coming to cash rich platform companies, while there's conversation about Eternal , Rapido and Swiggy , we are undermining the big elephant sitting in the room – JioMart . They have started the deliveries without charging the platform fees , whereas the likes of Blinkit and Swiggy charge fees. Players like JioMart with a significantly large amount of cash rich abilities can counter these kind of players in the the same time, most of these companies from investment perspective when we look at them, they are actually quoting at a fancy valuation s given the fact that they have been succeeding with the price hike and the charges, these fancy valuations might get affected if the competition like JioMart could start penetrating faster and could possibly create disruption with them. So, let us see how it goes, but not very comfortable because of the valuation also at the same time.I do not know whether it is sluggishness, but I do agree with one thing that the markets are basically moving with the rotational preferences. The RBI has brought down the rate of interest and infused the liquidity to CRR cut. Most of the banking stocks have started to find themselves in the favour also from the perspective of momentum as a result of which, some of the other stocks are not catching up with this momentum and are getting less preference which is remains by and large a market where a higher amount of momentum-based trading activity is happening. Also as valuations are otherwise reasonably priced, they are more or less discounting FY27 earnings from the perspective of whatever earning growth we are experiencing currently. I guess till '27, most of the stocks are fully priced in, as a result of which the markets because of the liquidity as well are basically showing higher amount of churn in the portfolios of some of the that is a way to operate this market and in such kind of a situation, when individual stocks correct or provide opportunity in the price corrections, that becomes a buy opportunity in my viewpoint and that could include some of the select ones – be it in the area of metal and commodities or auto and auto ancillaries, where we remain confident about the growth prospects going are not so bullish about these companies particularly because they are driven significantly by some of the variables which are not in control of companies. For example, the government policy is controlling the gas price. We ourselves do not find it very comfortable with this particular space at all because the smallest factor could possibly affect the business of these said that, from the utility perspective, these companies have created a significantly large amount of distribution points with the end consumer, be it on a B2B side of the activity where they would supply to the bulk consumers like gas stations. Otherwise, this is being supplied through the pipe gas to the consumers in general. In my view, both B2B, B2C models are definitely existing distribution points well connected. The fact remains that it is dependent on the government policies and that is why we are not very confident about putting a confirmed recommendation or confident touched upon a very important point. As for cash rich, I believe that while we are talking about Eternal, we are talking about Rapido, we are probably undermining the big elephant sitting in the room which is JioMart. They have already started the deliveries without charging the platform fees, whereas the likes of Blinkit and Swiggy charge fees. On multiple instances, be it from the customer they charge the platform access fees or be it from the hoteliers for whose food they are supplying or even for that matter other areas in which they are operating, I believe this is going to get significantly challenged with the players like JioMart who are having a significantly large amount of cash rich abilities to counter these kind of players in the the same time, most of these companies from investment perspective when we look at them, they are actually quoting at a fancy valuations given the fact that they have been succeeding with the price hike and the charges, these fancy valuations might get affected if the competition like JioMart could start penetrating faster and could possibly create disruption with them. So, let us see how it goes, but not very comfortable because of the valuation also at the same time.
Hans India
29-05-2025
- Automotive
- Hans India
Jio Launches Affordable Jio Electric Scooter 2025 for Urban Commuters
Jio has forayed into the electric vehicle market with the launch of Jio Electric Scooter 2025. Jio will target daily commuters, as it is five times cheaper to run than petrol scooters and offers an eco-friendly transport option. The scooter is designed for city riders, featuring a spacious footboard, comfortable seating, and sturdy 12-inch wheels suited for Indian roads. It runs on a 3.2kWh lithium-ion battery, giving a range of 80–100 km per charge, and has three ride modes—Eco, City, and Sport. It is also dust and water-resistant (IP67 rated). Charging is convenient with options for home plug charging and battery swap stations. The scooter includes smart features like 4G connectivity, real-time tracking, and integration with Jio Mart for online shopping. The scooter costs about ₹70,000 to ₹80,000. Petrol scooters cost a little more, between ₹70,000 and ₹90,000. It is much cheaper to use the electric scooter because charging costs only ₹300 to ₹400 per month. Petrol costs ₹2,000 to ₹3,000 every month. The electric scooter also needs less maintenance and cheaper insurance. The government may give discounts to make it even cheaper. Overall, the Jio Electric Scooter offers an affordable, smart, and practical choice for urban commuters switching to electric vehicles.
Time of India
14-05-2025
- Entertainment
- Time of India
Deepika Padukone and Ranveer Singh brings everyday moments to life in JioMart's new ad
HighlightsJioMart, India's online grocery platform, has launched its latest brand campaign titled 'Time aur Paise Dono Bachaye,' featuring Bollywood stars Deepika Padukone and Ranveer Singh. The campaign showcases relatable grocery dilemmas through four humorous films, emphasizing how JioMart helps families save both time and money. JioMart's new campaign sets a creative benchmark in India's quick commerce space, redefining grocery shopping as an effortless and economical experience. JioMart , India's online grocery platform , has launched its latest brand campaign, ' Time aur Paise Dono Bachaye ,' featuring Bollywood's power couple, Deepika Padukone and Ranveer Singh . The campaign leans into a compelling consumer insight : today's Indian households no longer want to choose between saving time or money — they want both. The campaign brings to life this core proposition through a series of four witty, slice-of-life films featuring Padukone and Singh. Each narrative draws inspiration from everyday grocery dilemmas—from last-minute kitchen emergencies and instant cravings to monthly restocks—turning these relatable moments into charming, humorous stories. The films highlight how JioMart becomes the smart, stress-free choice, helping families save both time and money, without fuss. By blending star power, everyday realism and a sharply defined consumer truth, JioMart's new campaign redefines what grocery shopping can feel like: effortless, economical, and emotionally resonant. With this campaign, the brand sets a fresh creative benchmark for India's growing quick commerce space—proving that saving time and money isn't a trade-off, but a right, the press note stated. Watch the video here:
