Indian shoppers accounted for 13 per cent of the total hours spent by mobile users across the globe on their shopping apps in 2023, next only to China in this regard. According to the "State of Mobile -2024" report released a few days ago by data.ai (previously known as App Annie), which looks into various segments of the app economy across the world, in the last calendar year, users in India collectively spent 12.84 billion hours on shopping apps. This represents an increase of over 73 per cent from the time they spent in 2020 and of more than 3.5 per cent over 2022.
Walmart group firm Flipkart continues to dominate the e-commerce segment with 48 per cent market share while Softbank-backed Meesho has emerged as the fastest growing e-commerce platform in terms of user base in India, a latest report by AllianceBernstein said. According to the report, Flipkart's user base grew 21 per cent year-on-year (YoY), Meesho accelerated at 32 per cent while Amazon lagged at 13 per cent user growth primarily due to relative premium offerings as compared to peers. "As of FY23, Flipkart was the market leader, with a 48 per cent share in India eCommerce.
The country's largest lender State Bank of India (SBI) will revamp its banking application (app) YONO and position it as a complete digital bank (DB) under a new rubric 'Only YONO' for enhancing customer experience and ease of use. The bank plans to bring in a consultant to help draw up the project plan, keeping in mind business goals for the next five years. With 54 million monthly active users (MAUs), SBI YONO has seen growth of over 35 per cent in MAUs in 2021.
An estimated 14.3 crore accounts on the popular social networking site Facebook may be false or duplicate, with a major chunk of them coming from developing markets like India and Turkey.
Emerging markets like India are a "key source" of growth for Facebook, with increasing number of users logging onto the site through handsets, driving up its advertising revenues 76 per cent to $2.34 billion during the December quarter.
The California-based social networking giant had 78 million users in India in the January-March period.
ocial networking site Facebook has said it is having approximately 50 million duplicate accounts besides 22 million of misclassified and undesirable accounts.
The California-based firm reported a healthy growth of 5 per cent in its monthly active users in India to 82 million as of June 30, 2013 from 78 million in June 30, 2012.
She added that 78 per cent of the traffic on Twitter now comes from outside the US, signifying the growing importance of emerging markets.
Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
Facebook CEO Mark Zuckerberg has said steps taken by the social media giant have helped protect the integrity of more than 200 different elections around the world, including in India, and have also played an important role in stopping abuse ahead of US elections.
Social networking giant Facebook has added 13 million users in six months to take its user base to 125 million.
Facebook, which has more than 1.32 billion monthly active users globally, has over 1.07 billion mobile MAUs.
Social media giant Facebook has crossed 100 million active users in India, its largest base outside the US.
He also praised PM Modi for his leadership and said that it is the best time for both the countries to work together.
Its international revenue stood at $53 million in 2012, accounting for 17 per cent of its overall revenue.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances