Impacting Lives of Beginners: Mrs. Neena Bhatia, Principal ABC Public School

Impacting Lives of Beginners: Mrs. Neena Bhatia, Principal ABC Public School

  Who was your inspiration in Childhood ? My father was my inspiration in Childhood. He always preached us that luck sure comes at the door and knocks too but your efforts More »

Top of the Town: Ravindra Bhadana, MLA  Indian politician and a member of the 16th Legislative Assembly of Uttar Pradesh of India

Top of the Town: Ravindra Bhadana, MLA Indian politician and a member of the 16th Legislative Assembly of Uttar Pradesh of India

1. आपका बचपन में प्रेरणा स्त्रोत कौन था? मेरे पूज्य बाबाजी स्वर्गीय श्री रामसिंह जी । जो एक कृषक थे, एक सामाजिक व्यक्ति थे। उन्होंने जिंदगी में मुझे जीना सीखाया। प्ररेणा भी More »

Top of the Town: Mr. Vikram Parakash Lamba, MD American Institute of English Language Pvt. Ltd.

Top of the Town: Mr. Vikram Parakash Lamba, MD American Institute of English Language Pvt. Ltd.

Mr. Vikram Parakash Lamba, MD American Institute of English Language Pvt. Ltd. with 300+ Centers all across India Who was your inspiration in Childhood ? My mother and father were my source More »

Top of the town: Dr. Mohini Lamba, Director in American Kids Play School, Early Childhood Curriculum Developer, Montessori Teachers Trainer

Top of the town: Dr. Mohini Lamba, Director in American Kids Play School, Early Childhood Curriculum Developer, Montessori Teachers Trainer

Who was your inspiration in Childhood ? My inspiration was my family. I was surrounded by educators in my family. Ma Nanaji, Mamaji, my mother everybody was into academics. My Mamaji was More »

Top of the Town: Mrs. Monika Kohli, 52 years young model and actor, into print ads, T.V. commercials and movies

Top of the Town: Mrs. Monika Kohli, 52 years young model and actor, into print ads, T.V. commercials and movies

Who was your inspiration in Childhood ? I always believed that inspiration is from inside and not from outside. Only you can inspire yourself. Outward inspirations are momentary and do not stay More »

Top of the town: Respected Rajendra Aggarwal, MP

Top of the town: Respected Rajendra Aggarwal, MP

  Who was your inspiration in Childhood ? My dad and my uncle were my inspiration in my childhood. Both of them were associated with RSS. They inspired me to join RSS More »

Top of the town: Dr. Vishwajeet Bembi, renowned Physician and Social Worker

Top of the town: Dr. Vishwajeet Bembi, renowned Physician and Social Worker

Dr.Vishwajeet Bembi, renowned Physician and Social Worker Who was your inspiration in Childhood ? My mother was my inspiration in my childhood and she is still my inspiration. My brother had also More »

Top of the town: Mr. Rakesh Kohli, Chairman, Stag International known for sporting goods in different countries of the world.

Top of the town: Mr. Rakesh Kohli, Chairman, Stag International known for sporting goods in different countries of the world.

Who was your inspiration in Childhood ? My grandfather was my biggest inspiration. I had learnt the minutest details of life from him. I learnt a lot from him about business. Like More »

Top of the town: Mr. Prem Mehta, Principal City Vocational Public School

Top of the town: Mr. Prem Mehta, Principal City Vocational Public School

Who was your inspiration in Childhood ? I think in my childhood it was the national leaders like Gandhi ji and Nehru ji who inspired me the most because our exposure at More »

Top of the town: Dr. Mamta Varshney, Lecturer and Poetess

Top of the town: Dr. Mamta Varshney, Lecturer and Poetess

Who was your inspiration in Childhood? Radio was my source of inspiration as I used to listen to loads of music and radio and tape recorder were the only source to listen More »

 

कुश्ती खिलाड़ी की गोलियां बरसाकर हत्या, परिजनों में मचा कोहराम

Wrestling player shot dead, Kohram in family
अस्पताल में जांच करती पुलिसPC: अमर उजाला ब्यूरो
मेरठ के कंकरखेड़ा में रविवार देर रात कुश्ती खिलाड़ी की गोलियां बरसाकर हत्या कर दी गई। पुलिस ने हत्यारोपियों की तलाश में बाईपास पर घेराबंदी की। लेकिन वे हत्थे नहीं चढ़े। हत्या का कारण रंजिश बताया गया है।

पुलिस के अनुसार श्रद्धापुरी डबल स्टोरी निवासी पिंकुल चौधरी (22) पुत्र राजेंद्र पहलवान एक कॉलेज में छात्र के साथ कुश्ती खिलाड़ी था। रविवार रात पिंकुल दोस्त रोहित और मोनू के साथ स्कोडा कार से शास्त्रीनगर से घर लौट रहा था। कार डबल स्टोरी में पहुंची तो वहां बाइक सवार तीन युवकों ने कार रुकवाकर पिंकुल को आवाज लगाई। पिंकुल कुछ समझ पाता, एक युवक ने पिंकुल के सीने में पिस्टल से तो दूसरे ने चेहरे पर तमंचे से गोली चला दी। दोनों दोस्त उसे बचाने दौड़े तो हमलावरों ने फिर फायरिंग कर दी। खून से लथपथ पिंकुल को निजी अस्पताल ले जाया गया, जहां डॉक्टरों ने उसे मृत घोषित कर दिया।

परिजनों में मचा कोहराम

गोली मारकर हत्या

पिंकुल की मौत के बाद परिजनों में कोहराम मच गया। उसकी मां और परिजनों का रोकर बुरा हाल था। पुलिस ने किसी तरह परिजनों को शांत कराकर शव मोर्चरी भेजा।

सुशांत बना मुख्य आरोपी
इंस्पेक्टर कंकरखेड़ा सचिन मलिक ने बताया कि हत्या में सुशांत राठी निवासी सौनटा थाना मंसूरपुर मुजफ्फरनगर मुख्य आरोपी है। जिसने अपने दो साथियों के साथ घटना को अंजाम दिया है। सुशांत भी न्यू सैनिक कालोनी में रह रहा है। सुशांत ने साथियों के साथ मिलकर पांच साल पहले साकेत पेट्रोल पंप पर मेरठ कॉलेज के दो छात्रों की गोली बरसाकर हत्या कर दी थी।

रंजिश में की हत्या
इंस्पेक्टर के अनुसार हत्याकांड को प्लानिंग के साथ अंजाम दिया गया। हत्यारोपियों ने कार रुकवाकर पिंकुल से बात की और फिर सीने और चेहरे पर गोलियां बरसा दीं। प्रारंभिक जांच में यह पुरानी रंजिश का मामला लग रहा है। परिजनों से पूछताछ और सुशांत के पकड़े जाने के बाद इसका सही खुलासा होगा।

Deepika’s father is looking for a match for her?

While a war may have been waged to covet her in the film ‘Padmavati’, Deepika recently shed some light on her love life off-screen.

It feels like home playing in India: Tim Weah

United States striker Tim Weah says his side felt like playing at home during their 5-0 thrashing of Paraguay in their FIFA U-17 World Cup pre-quarterfinal match.

Tough quality norms hit imports of Chinese toys

Toy imports from China have dropped to less than a half, according to industry estimates, since the government introduced tough quality criteria and mandated certification of compliance by accredited agencies from September 1.

This has hit supply and pushed up retail prices 8-14 per cent, while wholesale prices have risen about 30 per cent, executives said, cautioning that further increases are likely.

Supply is likely to be hit further during the festive season right up to Christmas, Mattel Inc, Future Retail and other retailers said, pointing to the paucity of infrastructure in the country to test imported toys and issue Bureau of Indian Standards (BIS) certifications.

“There has been a drop of more than 50 per cent in imports of Chinese toys since the government introduced the norm,” said Manish Kukreja, president of All India Toy Manufacturers Association.

“India imports four-five lakh stock keeping units (SKUs) annually. SKUs are actually varieties of toys. There are only three to four National Accreditation Board for Testing and Calibration Laboratories (NABL)-accredited laboratories in India which can test 100 -150 SKUs in a week.”

Chinese toys account for an estimated 70 per cent of India’s Rs 5,000-crore toy industry.

India needs a massive upgradation of infrastructure to handle the huge volume of toys, executives said.

“The new import notification insists on conformance to the revised Indian standards and procuring certification only through NABL-accredited labs. However, not only are there thousands of SKUs in the Indian market, but also the testing ecosystem and infrastructure will have to be scaled up to meet the new testing mandates,” said Ishmeet Singh, country manager-India, Mattel Inc. “This will no doubt delay the availability of toys to children in the immediate months of festivals.”

The comprehensive notification issued on September 1 prescribes criteria for physical and mechanical properties, chemical content, flammability, and testing for indoor and outdoor toys for both electrically and mechanically operated ones. The notification by the Director General of Foreign Trade said import of toys would be permitted freely only if the manufacturer abided by the Bureau of Indian Standards (BIS) benchmarks.

Rakesh Biyani, director, Future Retail, said: “The consignments are getting stuck at the customs because of this new restriction norm. We import toys that are safe according to international standards. Now, those toys will have to comply by the Indian standard, which is almost same as the international standard. In the long run, the process will get delayed and availability of toys at our stores will dwindle. If this situation continues, there will be a drop of 50 per cent in toys in November at our stores. The new norm should become effective from April 2018.”

Biyani said that prices have risen up to 14 per cent and may go up further.

It’s raining core sector jobs at IITs

NEW DELHI: Offers are aplenty this placement season for students at the nation’s top engineering colleges who aspire to work in core sectors. Indian Institutes of Technology (IITs) in Mumbai, Guwahati, Roorkee and Kharagpur have seen as much as a 25% increase in pre-placement offers (PPOs) from companies that deal in core engineering sectors, such as manufacturing, infrastructure, petroleum and mining, placement officials at these IITs said.

“This is the highest jump we have seen in the last few years in PPOs from the core sector. This is a result of the institute’s push over the last couple of years to encourage more core companies at the campuses,” said Debasis Deb, who is the chairman of IIT-Kharagpur’s career development centre. The IIT received 60 PPOs from the core sectors this year, compared with 48 last year. Students are equally enthusiastic to join core jobs, even though non-core jobs usually offer larger pay packages. “Students of late have shown interest in core sector jobs as probably by doing so they can use the knowledge received during their four years at IITs better,” said Kaustubha Mohanty, head of the Centre for Career Development at IITGuwahati.

PPOs are where companies give permanent job offers to interns who suit their requirements. The final placement season will formally begin in December, but several top IITs have invited core sector state-run companies to visit their campuses next month. Many students view jobs in core sectors as an opportunity to contribute to nation-building, as the country targets to build new infrastructure, increase share of manufacturing in GDP to 25% from 16% and create 100 million new jobs by 2022. They see huge potential in projects like ‘Make in India’ and Smart Cities.

“Initiatives such as ‘Make in India’ will attract more investment to make India a global manufacturing hub. All such initiatives have, in turn, pushed the core sector PPOs at IITs,” said NP Padhy, professor-in-charge of placement at IIT-Roorkee.

The number of PPOs offered in R&D has increased 80% at IIT-Bombay in the past one year. “More students are enthusiastic for R&D profile for summer internships and companies are also opening up more R&D opportunities for IIT-Bombay students,” said a student at the IIT’s placement cell. Engineering, technology and R&D are core for all departments. IT or software is core for computer science and partially for electrical engineering students.

At IIT-Delhi, core PPOs were as high as 80% of the total offers this year. Its industrial liaison officer at training and placement, Anishya Madan, said: “Core has always been big at IIT-Delhi as far as PPOs are concerned.”

At IIT-Guwahati, core sector PPOs accounted for 20% of total offers this year, compared with just 14% last year. The IIT received 105 PPOs till date. Companies that have offered PPOs to IIT students this year include Reliance Industries, Texas Instruments, ITC, Microsoft, Adobe, Wipro, Qualcomm, Samsung, Tata Steel, Daikin, Dr. Reddy’s and Dar Al Handasah.

Overall, all IITs saw a jump in total PPOs this year compared with last year. The sectors that have made fewer offers this year include FMCG and finance. The number of finance PPOs decreased 16% at IIT-Bombay as fewer investment banks and fintech companies turned up with PPOs.

“Investment banks and fintech companies have typically been the major recruiters that give PPOs at Bombay,” said a student from its placement team. According to Padhy of Roorkee, FMCG companies gave out fewer PPOs this year owing to the overall low hiring sentiment in the sector. From the core sectors, the IIT has seen a 15% jump in PPOs, he said.

French information technology company Capgemini, which has picked up students through PPOs, said its engineering campus intake volumes were very high. “Hence, we are currently looking at widening our internship for engineering freshers and are working with select campuses in this area,” said Anil Jalali, its chief HR officer for India. IIT-BHU is an exception that saw a drop in PPOs from core companies this year.

It’s raining core sector jobs at IITs

NEW DELHI: Offers are aplenty this placement season for students at the nation’s top engineering colleges who aspire to work in core sectors. Indian Institutes of Technology (IITs) in Mumbai, Guwahati, Roorkee and Kharagpur have seen as much as a 25% increase in pre-placement offers (PPOs) from companies that deal in core engineering sectors, such as manufacturing, infrastructure, petroleum and mining, placement officials at these IITs said.

“This is the highest jump we have seen in the last few years in PPOs from the core sector. This is a result of the institute’s push over the last couple of years to encourage more core companies at the campuses,” said Debasis Deb, who is the chairman of IIT-Kharagpur’s career development centre. The IIT received 60 PPOs from the core sectors this year, compared with 48 last year. Students are equally enthusiastic to join core jobs, even though non-core jobs usually offer larger pay packages. “Students of late have shown interest in core sector jobs as probably by doing so they can use the knowledge received during their four years at IITs better,” said Kaustubha Mohanty, head of the Centre for Career Development at IITGuwahati.

PPOs are where companies give permanent job offers to interns who suit their requirements. The final placement season will formally begin in December, but several top IITs have invited core sector state-run companies to visit their campuses next month. Many students view jobs in core sectors as an opportunity to contribute to nation-building, as the country targets to build new infrastructure, increase share of manufacturing in GDP to 25% from 16% and create 100 million new jobs by 2022. They see huge potential in projects like ‘Make in India’ and Smart Cities.

“Initiatives such as ‘Make in India’ will attract more investment to make India a global manufacturing hub. All such initiatives have, in turn, pushed the core sector PPOs at IITs,” said NP Padhy, professor-in-charge of placement at IIT-Roorkee.

The number of PPOs offered in R&D has increased 80% at IIT-Bombay in the past one year. “More students are enthusiastic for R&D profile for summer internships and companies are also opening up more R&D opportunities for IIT-Bombay students,” said a student at the IIT’s placement cell. Engineering, technology and R&D are core for all departments. IT or software is core for computer science and partially for electrical engineering students.

At IIT-Delhi, core PPOs were as high as 80% of the total offers this year. Its industrial liaison officer at training and placement, Anishya Madan, said: “Core has always been big at IIT-Delhi as far as PPOs are concerned.”

At IIT-Guwahati, core sector PPOs accounted for 20% of total offers this year, compared with just 14% last year. The IIT received 105 PPOs till date. Companies that have offered PPOs to IIT students this year include Reliance Industries, Texas Instruments, ITC, Microsoft, Adobe, Wipro, Qualcomm, Samsung, Tata Steel, Daikin, Dr. Reddy’s and Dar Al Handasah.

Overall, all IITs saw a jump in total PPOs this year compared with last year. The sectors that have made fewer offers this year include FMCG and finance. The number of finance PPOs decreased 16% at IIT-Bombay as fewer investment banks and fintech companies turned up with PPOs.

“Investment banks and fintech companies have typically been the major recruiters that give PPOs at Bombay,” said a student from its placement team. According to Padhy of Roorkee, FMCG companies gave out fewer PPOs this year owing to the overall low hiring sentiment in the sector. From the core sectors, the IIT has seen a 15% jump in PPOs, he said.

French information technology company Capgemini, which has picked up students through PPOs, said its engineering campus intake volumes were very high. “Hence, we are currently looking at widening our internship for engineering freshers and are working with select campuses in this area,” said Anil Jalali, its chief HR officer for India. IIT-BHU is an exception that saw a drop in PPOs from core companies this year.

Corporate philanthropy: Inside Shiv Nadars' world of good

What follows business success is often philanthropy. Family businesses inspired by Rockefeller, Mellon and Gates and concerned about the social, educational, digital and other divides in India want to pay back to the society. Shiv Nadar, billionaire technology czar and founder of the HCL Group, is perhaps one of the early movers on this front, starting to give back early, in the mid-1990s, by setting up an engineering institute in Chennai. Over the last decade the eponymous Shiv Nadar Foundation (SNF) has expanded philanthropic efforts to support ventures in arts, education and healthcare

“HCL Technologies is a public listed company—that’s not quite a family business. But SNF is a family-run, family-supported venture mainly in the areas of philanthropy, with education being a major part of what we do,” says Kiran Nadar, trustee, SNF, & chairperson, Kiran Nadar Museum of Art (KNMA).

The museums opened in 2010 with Nadar taking her personal collection public (there are two museums, in Saket, South Delhi and Noida on the outskirts the capital). Entry is free; there is no fund generation from KNMA.

Nadar has a collection of 5,000 contemporary and modern art works, besides photographs and miniatures, out of which 400-500 are on display at any given time. “The museum is my baby,” says Nadar, who also participates in other activities of the Foundation. Daughter Roshni Nadar Malhotra, executive director and CEO, HCL Corporation & trustee at SNF, looks after Vidya Gyan, two free boarding schools for the underprivileged in Uttar Pradesh’s Bulandshahr and Sitapur districts. Malhotra also handles the finances of the corporation.

On more families coming forward to set up philanthropic ventures in India, Nadar says, “Not many people do philanthropy seriously in India. That’s why philanthropy has not grown to the size it should have. When I started the museum I thought more people will follow suit. That hasn’t happened. There are some people showing interest but clearly a lot more needs to be done.”

In her case, Nadar cites a supportive family that’s interested in various fields. “An art collection is expensive to build. Shiv saw that we needed to do something in a different field; art was what I was interested in and I wouldn’t have been able to build the collection or the museum without his support,” adds Nadar, who also plays competitive bridge and is a wellknown international player on the circuit.

Shikhar Malhotra, who is married to Roshni, oversees the schools programme— the three Shiv Nadar Schools in Gurgaon, Noida and Faridabad. And the patriarch oversees the board of the foundation he founded, besides projects like Samuday for building model villages and Shiksha, a technology-enabled learning initiative for the under privileged and the digital have-nots.

Under Samuday, launched two years back, HCL is adopting 100 villages. The goal is to transform the villages with scalable models, impacting village communities and life in five areas — water, women’s welfare, education, health and malnutrition and sanitation. The model could then be implemented in other villages.

“Corporate governance and philanthropy can work together to transform societies,” Nadar had told ET at the launch of Samuday in 2015.

European nations are quite advanced in corporate philanthropy, and there are family-run foundations that have been around for around 100 years. “We will get ahead as we have an opportunity to get best global practices and to leapfrog. For Indian companies, social ventures can become a competitive tool as well,” Shiv Nadar had said back then.

Global corporations such as the big four consultants — Deloitte, Pricewaterhouse -Coopers, EY and KPMG — besides companies like GE, IBM and Hewlett-Packard have strong corporate governance practices and have made significant contributions to society in their home countries.

As the Indian economy expands, Kiran Nadar sees a bigger role for family foundations in multiple areas including education and healthcare even as people get more interested in arts and other fields. For example, Nadar sees the museum not just for the aficionados but even for novices and lay people.

“It’s a form of education, art education for the people. Hopefully more people will be inspired at set up philanthropic ventures that help the society.”

Sensex, Nifty retreat from record levels on profit-booking

MUMBAI: The benchmark BSE Sensex retreated from record levels to trade lower by 56 points in early session on Tuesday as realty, auto, healthcare and metal stocks fell after participants booked profits.

The 30-share index fell by 56.19 points or 0.17 per cent to 32,577.45 in early trading. It had opened higher at 32,654.41 and advanced to a high of 32,659.32 in opening trade.

The gauge garnered 799.65 points in the previous three days to scale all-time high of 32,633.64 after touching intra-day record of 32,687.32 on Monday.

The wider Nifty of NSE too slipped from record by falling 8.80 points or 0.09 per cent to 10,222.05 after touching a high of 10,239.25 at the outset.

Fresh weakness in the rupee against the dollar and continued foreign fund outflows dampened the sentiment, brokers said.

Among major Sensex losers, Tata Motors, ONGC, M&M, Infosys, Dr Reddy’s, Cipla, HDFC Bank, HDFC Ltd and Tata Steel fell up to 1.11 per cent, dragging the index into the negative terrain.

In the Asian region, Japan’s Nikkei rose 0.17 per cent, Shanghai Composite Index up 0.06 Per cent and Hong Kong’s Hang Seng gained 0.14 per cent in their early deals.

The US Dow Jones Industrial Average ended 0.37 per cent higher on Monday.

Malta car bomb kills Panama Papers journalist 

VALLETTA: A Maltese investigative journalist who exposed the island nation’s links to offshore tax havens through the leaked Panama Papers was killed when a bomb exploded in her car, the prime minister said.

Daphne Caruana Galizia, 53, had just driven away from her home in Mosta, a large town on Malta‘s main island, when the bomb went off, sending the vehicle’s wreckage spiraling over a wall and into a field, Prime Minister Joseph Muscat said.

Caruana Galizia’s death resulted from a “barbaric attack” that also amounted to an assault on freedom of expression, Muscat said. He said the journalist “was one of my harshest critics, on a political and personal level” as he denounced her slaying.

One of the topics she examined was the Maltese content in the Panama Papers leaked in 2016. She wrote that Muscat’s wife, the country’s energy minister and the government’s chief-of-staff had offshore holdings in Panama to receive money from Azerbaijan.

Muscat and his wife, Michelle, denied they had companies in Panama.

Caruana Galizia filed a police report two weeks ago saying she was receiving threats, law enforcement officials told Malta news outlets today.

The slain journalist had written a twice-weekly column for The Malta Independent since 1996 and wrote a blog, “Running Commentary.”

A half hour before she was killed, she posted to her website an item about a libel claim the prime minister’s chief of staff had brought against a former opposition over comments the latter made about corruption.

Caruana Galizia herself had been sued for libel over blog entries. Opposition leader Adrian Delia sued her over stories linking him to a prostitution racket in London. Economy Minister Chris Cardona claimed libel when she wrote that he visited a brothel while in Germany on government business.

Yesterday’s Parliament session was scrapped, except for briefings about the bombing given by Muscat and Delia, who called the reporter’s slaying a “political murder.”

Caruana Galizia is survived by her husband and three sons. One son, Matthew, was on the International Consortium of Investigative Journalists team that won the Pulitzer Prize for its work on the Panama Papers scandal.

The leak exposed the identities of rich and powerful people around the world who allegedly had offshore holdings in Panama.

Flipkart again beats Amazon in festive season sale

BENGALURU: Flipkart clinched the crown again at the annual ecommerce festive season stakes, increasing its lead over Amazon India in a market where total sales are estimated to have surged by up to 40 per cent over last year’s events.

Flipkart’s share of festive season sales increased to 50 per cent from 45 per cent last year, capturing much of the market lost by a relegated Snapdeal, as per industry estimates. Amazon’s market share during the festive sales period that has stretched about a month is estimated to have remained unchanged at 35 per cent, though the company said it saw a 50 per cent share in other metrics like order volume and active customers.

Flipkart and Amazon India accounted for about 80 per cent of this year’s overall festive season sales, according to analysts. The final phase of the mega sales events ends on Tuesday. “We expect online retailers to have sold goods worth $2.8-2.9 billion this festive season (beginning with Flipkart and Amazon’s flagship sales in September), as compared to $2-2.1 billion last year,” said Satish Meena, senior forecast analyst at Forrester Research.

“The large discounts and cashbacks on smartphones this festive season contributed to the growth in GMV.” Flipkart took the lead over its American rival during its first flagship sale in September itself. India’s largest online marketplace registered gross merchandise volume, or gross sales, of Rs 4,300 crore during its five day Big Billion Days sale, up from Rs 2,300 crore during last year’s event (excluding fashion platforms Myntra and Jabong), according to industry analysts. Amazon registered Rs 2,500 crore in GMV during its Great Indian Festival Sale in September, up from Rs 1,800 crore last year.

Amazon India cited an independent report by Kantar IMRB to say “the highest number of customers continued to place their trust on Amazon in the first two editions of Amazon Great Indian Festival Sale, with Amazon.in seeing nearly 50per cent of both customer as well as order share for the festive sales so far”. Flipkart did not reply to email queries. While another online retailer, too, estimated overall industry sales during this year’s festive season at about $3 billion, some analysts projected more modest numbers.

“The total sales would have touched $2 billion this festive season, compared to $1.5 billion last year,” said Arvind Singhal, chairman of retail consultancy Technopak. “The ecommerce industry annually sees sales of around $20 billion, so it is not likely that sales during one month would have touched $3 billion.”

A few payment processing companies pegged total festival season sales this year at $2.25 billion. However, product returns account for 20-30per cent of total sales depending on category, which is likely to bring net sales down. Also, Amazon India calculates gross merchandise sales after eliminating the tax component on each unit and accounting for product returns and cancellations. Apart from GMV, sales volumes also shot up during this year’s festive sales, according to logistics service providers to ecommerce companies.

According to TA Krishnan, chief executive of Ecom Express, ecommerce shipments during this year’s festive season sales hovered at about 4 million a day, up from 3 million during last year’s festive season.

“High (average selling price) items such as smartphones and electronics saw at least a 35 per cent increase in volumes this year, which added to the GMV,” Krishnan said. Overall, the total ecommerce market size is estimated to have grown, thanks to aggressive marketing and steep discounting by online marketplaces and retailers. “This year, both Flipkart and Amazon have been aggressively pushing to increase the total pie,” said Rutvik Doshi, managing director at Inventus Capital Partners.