Tag Archives: selling

Business

FirstCry, MobiKwik, Ixigo worst hit as new-age stocks tank amid sharp selling

FirstCry, MobiKwik, Ixigo worst hit as new-age stocks tank amid sharp selling

IANS

Several new-age stocks have witnessed sharp selling in the first half of January, as the stock market goes through correction amid global uncertainties.

This list includes stocks of new-age companies like FirstCry and MobiKwik which fell more than 20 per cent.

Mother and childcare e-commerce platform FirstCry’s stock has fallen by 24.82 per cent since the beginning of this year to date. Currently, the stock is trading at Rs 489.

Fintech major MobiKwik’s share price fell by 23.07 per cent to Rs 456. MobiKwik was listed in December 2024. After listing, the stock saw a big rally. Currently, it is trading at Rs 698.30 per share.

Insurance distribution provider PB Fintech’s stock has fallen 18.71 per cent between January 1 and January 17 and is trading at Rs 1724.

Le Travenues Technology Ltd, which owns online travel aggregator Ixigo, saw its stock decline by 20.63 per cent to Rs 142 so far this month.

FirstCry, MobiKwik, Ixigo worst hit as new-age stocks tank amid sharp selling

IANS

Food delivery and quick commerce service providers Zomato and Swiggy’s stock declined by 10.38 per cent and 12.75 per cent, respectively, to Rs 247 and Rs 473 apiece.

Apart from this, the stock of new-age insurance company Go Digit General Insurance has fallen by 11.76 per cent to Rs 288 since the beginning of January.

The stock of the leading fintech company Paytm also fell more than 9 per cent since the beginning of January and is currently trading at Rs 897 apiece.

The market has also seen a decline since the beginning of January. During this period, the Sensex fell by 2.42 per cent and the Nifty by 2.30 per cent.

According to market experts, the reason for the decline is global instability due to tariff threats by US President-elect Donald Trump, the high valuation of the Indian stock market, and the third quarter results of FY 2024-25 are expected to be weak.

(With inbputs from IANS)

Finance

British writer’s novel becomes bestseller after her social media post on selling just two copies goes viral

British writer's novel becomes bestseller after her viral social media post
British writer Vicky Ball becomes bestselling author after her social media post went viral. Photo Courtesy: Vicky Ball X page

The Internet has the ability to make or break things with its growing reach, popularity and acceptance. The power of social media was felt by a former British school teacher after her novel, which had only sold two copies, became a bestseller following her now viral post.

After just selling two copies of her novel, Vicky Ball had previously written on X: “Sold 2 books.”

Since then the post went viral and garnered more than 24 million views.

After receiving extra attention on Internet, one of her books, titled Powerless, moved up in Amazon’s teen and young adult fiction chart, media reports said.

According to reports, people from across the globe started ordering her novel.

Elated by the result of her social media post, Vicky, who works at the University of Essex and lives in Colchester, described the past few days as ‘incredible’ and said she could not believe that such developments could have happened over her post.

“Good morning. Happy Monday. It has been an incredible few days. I still can’t believe all this has happened from one tweet! Thank you so much for all your support and lovely messages. It means so much. I’m off to work now Have a great day,” she wrote on X on Monday.

Business

SEBI Bans Online Platforms from Soliciting and Selling Unlisted NCDs

November 25: The Securities and Exchange Board of India (SEBI) issued an ex-parte order against several popular unregulated and unregistered online platforms, including Altgraaf.com, Tapinvest.in, and Stable-Investments.com, prohibiting them from selling and soliciting unlisted Non-Convertible Debentures (NCDs) to retail investors.

In its order, SEBI stated that offering unlisted NCDs via private placement to more than 200 people should be classified as a public issue under the Companies Act, 2013. SEBI also noted that, prima facie, the structure employed by these platforms falls within the ambit of fraud as per Section 12A of the SEBI Act and Regulations 3 and 4(1) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to the Securities Market) Regulations, 2003.

The order further highlighted that these platforms made securities available for sale to the general public, rather than to a predefined group of investors. This practice violated the provisions of Section 42 of the Companies Act. Additionally, SEBI emphasized that the norms applicable to the public issuance of securities are equally enforceable for secondary market transactions.

Advocate Mayura Maru, commenting on the order, said, “We have been continuously writing to SEBI about such platforms, as thousands of crores of public money have been raised in recent years. Regulating these platforms is crucial for protecting small investors. These platforms clearly violate various corporate laws related to the issuance of securities to the public and disclosure norms, similar to what we saw in the Sahara case. We hope that regulators take appropriate legal action to ensure that such dubious investment structures do not emerge in the future.”


Mansi Praharaj

Business

Indian stock market remains on consolidation path, DIIs absorb heavy selling

Sensex snaps five-day losing streak, Nifty closes above 24,300

Indian stock market remains on consolidation path, DIIs absorb heavy sellingIANS

The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).

This broad-based correction is particularly evident in sectors with excessive valuations, according to experts.

However, despite the massive FII selling, the stock market is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high-net-worth individuals (HNIs).

DIIs have been a strong buyer absorbing the selling and mitigating the fall. They infused more than Rs 1 lakh crore in Indian equities in October, keeping the stock market healthy compared to its global peers.

On the other hand, the recent rebound in India’s domestic manufacturing activity is a positive sign.

“This year, government spending is expected to be back ended due to general elections this year, so there is a leading expectation of improved corporate earnings in H2 FY25,” said market watchers.

The festive season in Q3 is likely to revive consumption, which should support market sentiment and will aid find a floor in the near future.

On the global front, the return of Trump has reduced political uncertainty, providing relief to global markets. The Fed’s 25 bps interest rate cut also offers some support.

Market outlook: Futures and options expiry, FII data and global cues key factors next week

DIIs have been a strong buyer absorbing the selling and mitigating the fallIANS

After the massive FII selling of Rs 113,858 crore in October, FIIs have so far sold equity for Rs 19,849 crore in the cash market this month.

Experts said that the FII selling trend is likely to continue in the near-term till data indicate the possibility of a trend reversal.

On Friday, the Indian stock market closed flat. Sensex slipped 55.47 points, or 0.07 per cent, to 79,486.32. Nifty fell 51.15 points, or 0.21 per cent, to 24,148.20.

According to Deepak Jasani, Head of Retail Research at HDFC Securities, Nifty extended losses to a second session after a range bound zigzag move.

“The short-term trend of Nifty continues to be choppy, and this consolidation is likely to continue in the near term with a weak bias. The next lower supports to be watched around 23,800 levels. Immediate resistance is placed at 24,537 levels,” he mentioned.

(With inputs from IANS)

Business

As FIIs on selling spree, DIIs step in to absorb; Indian stock market remains on consolidation path

Sensex sheds over 900 points, all eyes on US election and Fed data

Sensex

The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).

This broad-based correction is particularly evident in sectors with excessive valuations, according to experts. Despite the massive FII selling, the stock market is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high-net-worth individuals (HNIs).

DIIs have been a strong buyer absorbing the selling and mitigating the fall. They infused more than Rs 1 lakh crore in Indian equities in October, keeping the stock market healthy compared to its global peers. On the other hand, the recent rebound in India’s domestic manufacturing activity is a positive sign.

“This year, government spending is expected to be back ended due to general elections this year, so there is a leading expectation of improved corporate earnings in H2 FY25,” said market watchers. The festive season in Q3 is likely to revive consumption, which should support market sentiment and will aid find a floor in the near future.

On the global front, the return of Trump has reduced political uncertainty, providing relief to global markets. The Fed’s 25 bps interest rate cut also offers some support. After the massive FII selling of Rs 113,858 crore in October, FIIs have so far sold equity for Rs 19,849 crore in the cash market this month.

Sensex snaps five-day losing streak, Nifty closes above 24,300

Experts said that the FII selling trend is likely to continue in the near-term till data indicate the possibility of a trend reversal. On Friday, the Indian stock market closed flat. Sensex slipped 55.47 points, or 0.07 per cent, to 79,486.32.

Nifty fell 51.15 points, or 0.21 per cent, to 24,148.20. According to Deepak Jasani, Head of Retail Research at HDFC Securities, Nifty extended losses to a second session after a range bound zigzag move.

“The short-term trend of Nifty continues to be choppy, and this consolidation is likely to continue in the near term with a weak bias. The next lower supports to be watched around 23,800 levels. Immediate resistance is placed at 24,537 levels,” he mentioned.

(With inputs from IANS)

Business

Sensex and Nifty down 1 percent in early trade amid heavy selling

Sensex and Nifty down 1 pc in early trade amid heavy selling

IANS

The Indian stock market opened in red on Thursday as heavy selling was seen in metal, auto, financial service, pharma, FMCG, energy, private bank and infrastructure sectors in early trade.

Sensex was trading at 79,549 after falling more than 800 points or 1 per cent. At the same time, Nifty was trading at 24,241 after falling over 250 points or 1 per cent.

However, the market trend remained positive. On the National Stock Exchange (NSE), 1,250 stocks were trading in green, while 999 stocks were trading in red.

Nifty Bank was at 52,061.85 after falling 255.55 points or 0.49 per cent. Nifty Midcap 100 index was trading at 57,4.350 after rising 87.70 points or 0.15 per cent. At the same time, Nifty Small cap 100 index was at 18,886.40 after slipping 19.70 points or 0.10 per cent.

Sensex

IANS

Bajaj Finserv, UltraTech Cement, Bajaj Finance, Nestle India, ICICI Bank and Kotak Mahindra Bank remained the top losers in the Sensex pack. At the same time, Tata Steel, HCL Tech, TCS and JSW Steel were the top gainers.

According to market experts, the Trump victory is turning out to be more potentially transformative than thought earlier.

“With the Congress and the Senate coming under Republican control and President Trump exercising power without bothering about another term in office, hugely transformational decisions are possible in the months following Trump’s assumption of office,” they noted.

In Asian markets, except Jakarta and Tokyo markets, the markets of Shanghai, Seoul, Bangkok and Hong Kong are trading in the green.

The US stock market welcomed Trump’s victory in the US presidential election in a grand manner. The US stock market closed in the green after a massive jump of 3.57 per cent on the last trading day.

In India, foreign institutional investors (FIIs) sold equities worth Rs 4,445 crore on November 6, while domestic institutional investors bought equities worth Rs 4,889 crore on the same day.

(With inputs from IANS)

Business

Indian stock market opens in red; selling seen in PSU bank, pharma sectors

Sensex trades lower amid weak global cues

The Indian stock market opened in red for the second consecutive day on Wednesday as selling was seen in PSU bank and pharma sectors in early trade.

Sensex was trading at 80,057.15 after falling 311.88 points or 0.39 per cent. At the same time. Nifty was trading at 24,372.75 after falling 94.10 points or 0.38 per cent. The market trend remained positive.

On the National Stock Exchange (NSE), 1,666 stocks were trading in green, while 586 stocks were trading in red. The Nifty Bank was at 52,890.30 after slipping 430.40 points or 0.82 per cent. The Nifty Midcap 100 index was trading at 56,460.75 after climbing 209.45 points or 0.37 per cent.

The Nifty Small cap 100 index was at 18,355.35 after climbing 156.40 points or 0.86 per cent. Maruti, IndusInd Bank, Tata Motors, TCS and ITC were the top gainers in the Sensex pack.

At the same time, Sun Pharma, Bajaj Finserv, Titan, HCL Tech, PowerGrid and Asian Paints were the top losers. Maruti, BEL, IndusInd Bank, Tata Motors and Bajaj Auto were the top gainers in the Nifty pack. Cipla, Dr Reddy’s, Sun Pharma, Shriram Finance, Bajaj Finserv and Titan were the top losers.

In Asian markets, except the Tokyo market, Bangkok, Hong Kong, Shanghai, Jakarta and Seoul markets were trading in the red. US stock markets had closed in the red on the previous trading day. According to market experts, in the near term, the market will be influenced by two factors — one positive and the other negative.

Sensex snaps five-day losing streak, Nifty closes above 24,300

The positive is the sharp decline in FII selling to just Rs 548 crore on Tuesday. This is an indication that the FII tactical trade of ‘Sell India, Buy China’ is coming to an end. With more DII and retail money coming to the market and FII selling tapering off, the market may get a near-term boost, aided by the festive mood.

But the uptrend is unlikely to sustain since the Q2 earnings numbers indicate softness in earnings for FY25, said experts. Foreign institutional investors (FIIs) sold equities worth Rs 548 crore on Tuesday, while domestic institutional investors bought equities worth Rs 730 crore on the same day. There was a boom in the market on Tuesday.

At the end of trading, the market rose on the strength of bank shares. Sensex closed at 80,369.03, up 363.99 points or 0.45 per cent. Nifty was at 24,466.85 after rising 127.70 points or 0.52 per cent. (With inputs from IANS)

Smartphones & Gadgets

5 ways Galaxy Tab S10+ and Tab S10 Ultra support assistive selling

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The best retail employees can spot a customer in need from a mile away. It might be the person looking lost as they’re scanning the aisles. Sometimes, it’s a shopper rummaging through the shelves with a dissatisfied look. Then, there are the consumers who stand with a product in one hand and their smartphone in the other, confusedly trying to compare pricing and features with competitor brands.

Providing the right help at the right time can make all the difference in a retail customer experience. It can increase customers’ likelihood of shopping with the same retailer again. Cross-selling and upselling become easier while the volume of returns is reduced. No wonder assistive selling has become an essential retail best practice.

Assistive selling with Galaxy Tab S10 devices

Assistive selling can take many forms, but it ultimately involves answering questions, providing advice, and making customers more confident in their purchase decisions.

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Traditionally, store associates relied on their own memories to guide customers about various products and services. They might also have had to run back and forth from the store floor to a PC to quickly look up inventory details and other information.

With mobile devices like Samsung’s Galaxy Tab S10+ and Tab S10 Ultra, however, retailers can provide associates everything they need to excel at assistive selling without leaving customers waiting and with greater access to critical data. Here are some examples:

1. Quick product lookup

Customers often start their retail journey with online research, but they don’t always remember what they saw or read by the time they arrive in-store. They also might not have found the details they were looking for about the materials used in a product and the availability of certain styles, sizes and colors.

With a 14.6-inch screen on the Galaxy Tab S10 Ultra and 12.4 inches on the Galaxy Tab S10+, retail employees have plenty of room and Multi-Active Windows to not only look up information but also showcase it to customers with ease. The high resolution and glare protection capabilities make it even easier to show these items to shoppers wherever they are in the store in vivid detail. This includes spec sheets about a product, rich photography and even videos that show a product in action.

If customers spot something they don’t quite understand at this point and want to learn more, employees can use Galaxy AI* features like Circle to Search with Google to draw around a word or object to dig deeper. This opens up opportunities to point out complementary products and accessories, potentially increasing their share of wallets.

2. Real-time translation

Sometimes, associates find themselves helping customers whose first language differs from theirs. This can complicate assistive selling because it’s not always easy to convey everything.

Galaxy Tab S10+ and Tab S10 Ultra solve those problems thanks to Interpreter, a Galaxy AI feature that can instantly translate employee-customer conversations as text or as content that can be read aloud. If they show something on screen, they can overlay translation with Circle to Search with Google so nothing gets missed.

3. Capturing special requests and follow-up instructions

Depending on what customers need, associates might have to contact a vendor to replace an item, order an additional product that’s not in store or customize an order to accommodate a special request. Getting all the particulars right goes a long way to building customer trust and long-term loyalty.

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Associates can use the included S Pen with their Galaxy Tab S10+ or Tab S10 Ultra to point or circle areas for emphasis, or click links on the screen for shoppers to see more information in real time as they’re shopping. They can also use the S Pen to jot down handwritten notes as they hear customers explain exactly what they want or need. If they do this over the course of a shift, it can add up to a lot of notes, which then become a pain to sort through and manage.

Enter Note Assist with Galaxy AI, which can instantly summarize, organize and call out the highlights of customer conversations that associates can then act upon.

4. Tips and tutorials

Customers may be almost ready to purchase an item, but they’re worried about how to clean the product, apply a feature in a specific scenario or simply get started once they’ve taken it home.

Associates don’t have to break products open to walk customers through these issues. Instead, they can use Second Screen mode on their Galaxy Tab S10 device to provide tutorials on a nearby monitor or display. It’s another tactic to demonstrate expertise and give customers more reasons to follow through with their purchase.

5. Virtual assistive selling and escalating customer issues

Associates are no longer limited to assisting customers who make a physical trip to the store. They can use their Galaxy Tab S10 device to provide virtual help over a video call, where AI-based Super Clear Voice ensures customers can hear their answers and advice.

Of course, there may be occasions when the most helpful thing an associate can do is book a customer for an appointment to see a product specialist or have an item repaired or upgraded. There’s no danger of customers getting impatient or irritated as Galaxy Tab S10 devices include an AI hotkey on the Samsung keyboard to quickly search schedules and confirm times.

Assistive selling boosts revenues by adding greater value to the shopping experience, and Galaxy Tab S10+ and Tab S10 Ultra will help any associate make it one of their core skills.

Does the Galaxy Tab S9 Series, Galaxy Tab S10+ or Galaxy Tab S10 Ultra offer the right fit for your business needs? Read on with this overview of Samsung’s tablet offerings. If you’re not currently an Android or Galaxy user, make sure to try Galaxy for Work on your current device today.

*Galaxy AI features by Samsung will be provided for free until the end of 2025 on supported Samsung Galaxy devices.

Technology

Star Health Data leak investigation: Hacker ‘selling’ 3.12 cr customers’ data for $150K, company responds

Hacker 'selling' 3.12 cr Star Health customers' data for $150K, company responds

Hacker ‘selling’ 3.12 cr Star Health customers’ data for $150K, company respondsIANS

After reports surfaced that customers’ data of Star Health, one of the largest health insurers in the country, was available on Telegram, a hacker has now put the entire 7.24 TB data, allegedly belonging to its over 3.1 crore customers, for open sale on a website for $150,000.

The company on Wednesday said a thorough forensic investigation is underway into the “targeted malicious cyberattack”.

The sale, which also offers “parts sale for 100,000 entries each for $10,000”, contains alleged insurance claims data of 57,58,425 Star Health customers (till early August 2024), along with 31,216,953 customers (till July), claimed the hacker.

The hacker, who goes by the name “xenZen” and whose whereabouts are not known, wrote on the website that “I am leaking all Star Health India customers and insurance claims sensitive data.”

“This leak is sponsored by Star Health and Allied Insurance Company, who sold this data to me directly. You can check the authenticity of the data in the Telegram bots below and read about how they sold it,” the hacker claimed.

The leaked data allegedly contains full names, PAN numbers, mobile numbers, emails, date of birth, residential addresses, insured date of birth, insured names, gender, pre-existing diseases, policy numbers, health cards, nominee names, age, claims, nominee relationship, insured height, weight, BMI and more.

The hacker is selling the alleged data via two separate and active chatbots on the website. One can see the alleged data after pressing the start button on the bots.

Hackers use OTP APIs for SMS bombing, 44 Indian APIs exposed

Hacker ‘selling’ 3.12 cr Star Health customers’ data for $150K, company respondsIANS

In a statement to IANS, Star Health Insurance said they were the victim of a targeted malicious cyberattack, resulting in unauthorised and illegal access to certain data.

“We make it absolutely clear that our operations remain unaffected, and all services continue without disruption. A thorough and rigorous forensic investigation, led by independent cybersecurity experts is underway, and we are working closely with government and regulatory authorities at every stage of this investigation, including by duly reporting the incident to the insurance and cybersecurity regulatory authorities, apart from filing a criminal complaint,” said the insurer.

The company further stated that “our CISO has been duly co-operating in the investigation and we have not arrived at any finding of wrongdoing by him till date. We request that his privacy be respected as we know that the threat actor is trying to create panic”.

“We also want to emphasise that any unauthorised acquisition, possession, or dissemination of customer data is illegal,” the company added.

After the data leak was first reported, insurer Star Health had filed a lawsuit against the social media platform Telegram and the hacker.
(With inputs from IANS)

(With inputs from IANS)

 

Business

Trailblazing Innovations in Direct Selling: A Spotlight on USANA

Diverse Modern Office: Businessman Leads Business Meeting with Managers, Talks, uses Presentation TV with Statistics, Infographics. Digital Entrepreneurs Work on e-Commerce Project.

The direct selling industry has been a dynamic and evolving landscape, marked by a series of innovative products that have revolutionized the industry and significantly impacted consumers’ lives. From household items to personal care products and now to health and wellness offerings, the industry has consistently adapted to meet changing consumer needs and preferences. One company that has been a beacon of innovation in this industry is USANA Health Sciences.

In the early days, direct selling was primarily associated with door-to-door sales of household items and personal care products. However, as consumer awareness and preferences evolved, so did the industry. Today, the direct selling industry is diverse, offering a wide array of products, from health supplements to tech gadgets and eco-friendly goods.

One of the industry’s most significant shifts has been towards health and wellness products. As consumers became more health-conscious, companies responded by developing products that promote a healthy lifestyle. These include dietary supplements, weight management products, skincare items, and essential oils.

USANA Health Sciences, a Utah-based company, has pioneered this trend. Known for its high-quality nutritional supplements, USANA has consistently pushed the health and wellness sector envelope. One of their most notable innovations is the development of their patented InCelligence Technology™.

InCelligence Technology™ is a groundbreaking innovation that leverages the intelligence of your cells. It uses specific plant-derived nutrients to unlock cellular communication within the body, promoting optimal health and longevity. This technology is incorporated into many of USANA’s products, including their flagship CellSentials™, a comprehensive multivitamin and mineral supplement.

Another significant innovation in the direct selling industry has been the rise of eco-friendly products. As consumers have become more environmentally conscious, companies have responded by developing products that are beneficial for the user and the planet. This includes biodegradable cleaning products and reusable items that reduce waste.

In addition to health and wellness and eco-friendly products, technology has also played a significant role in product innovation in the direct selling industry. Companies now offer a range of tech gadgets and devices, from fitness trackers to smart home devices, providing consumers with cutting-edge technology at their fingertips.

USANA has also embraced technology, using it to enhance its products and the customer experience. For instance, it has developed the True Health Assessment app, which provides personalized health recommendations based on individual needs and lifestyle factors. This innovative tool empowers customers to take control of their health, giving them the information they need to make informed decisions about their wellness.

In conclusion, the direct selling industry has witnessed many product innovations, with companies like USANA leading the charge. These innovations have transformed the industry from health and wellness products to eco-friendly items and tech gadgets, providing consumers with high-quality, unique products that cater to their needs and preferences. We expect to see even more exciting innovations as the industry continues evolving.


Neel Achary