linkedin Platform-first martech start-up Wondrlab has signed up electrical equipment brand Panasonic Life Solutions India (earlier known as Anchor Electricals) under its experience platform. With this, Wondrlab will create a series of exclusive brand outlets for Panasonic Life Solution India’s offerings. The mandate also includes helping the brand expand its retail footprint in India using retail design and build. The products will be showcased in its exclusive brand outlet located in Ghaziabad. Sunil Narula, vice president, marketing, Panasonic Life Solutions India said, “We are delighted to associate with Wondrlab to elevate our consumer connections across India. The showroom will display a varied range of products right from home automation, energy-efficient products to the latest addition of MirAIe – a premium IoT platform that instils future living, and Electric Vehicle Chargers. With our retail expansion in Ghaziabad – one of the fastest-growing
Union Budget 2021: Manufacturing sector expects tax reforms, support for expansion of distribution, supply chain As India moves ahead on its growth trajectory, with partial recovery from COVID-19, a strong impetus in manufacturing through the Union Budget 2021 is crucial FP Staff January 31, 2021 20:48:22 IST Representational image.
In its December
State of the Economy report, the Reserve Bank of India (RBI) revealed that the nation is emerging from the economic slump much faster than anticipated. As India moves ahead on its growth trajectory, with partial recovery from COVID-19 , a strong impetus in manufacturing through the Union Budget-2021 is crucial, say major players in the sector.
Photo by rupixen.com on Unsplash Marketing is a very sentiment-driven business in India. Having said that, though, it has a direct correlation to the economic growth of the country. As already established in the two preceding around the upcoming budget (media agency expectations; print, radio, TV expectations), anything that drives GDP growth also drives up marketing spends. This year, more than ever, marketers are hoping for a growth-oriented budget, one that creates more job opportunities for consumers thereby increasing their disposable income and propelling spends. As brands look forward to India resuming its aggressive GDP growth, here’s a look at the marketers’ state-of-mind, and their speculations and anticipations from the Upcoming Union Budget 2021 that’s slated to be announced on February 1.
Panasonic Life Solutions breaks ground for its manufacturing unit in Sri City
January 25, 2021
The company plans to invest ₹600 crore and likely to employ about 600 people by 2022
Panasonic Life Solutions India, a subsidiary of Panasonic Corporation, has initiated work on a new electrical equipment material manufacturing facility at Sri City in Andhra Pradesh.
The company plans to invest ₹600 crore over II phases on the new facility. It had previously announced investment of ₹294.7 crore in phase I, according to a Sri City statement.
The ground-breaking ceremony was held on Monday with Tetsuyasu Kawamoto, Managing Director, Panasonic Life Solutions India taking part in the ceremony virtually.
Cyber security is becoming big business. Here s why
Illustration by Raj Verma
Grocery is a boring, low-margin business. But that did not prevent cyber criminals from stealing data of 20 million customers of online grocer BigBasket and selling it for a staggering $40,000 or nearly Rs 30 lakh on the dark web. And that too non-financial data such as name, email ID, PIN, contact number, address, date of birth, location, IP address.
BigBasket had thankfully not stored customers financial data such as debit/credit card details. But companies and their customers are not always so fortunate. In 2016, security of close to 3.2 million debit cards issued by major banks, including SBI, HDFC Bank, ICICI Bank, Yes Bank and Axis Bank, among others, was compromised. The breach, caused by a malware on an ATM network, resulted in not just financial loss to consumers and banks but also dented people s trust in digital banking.