India's e-commerce market is poised to grow by 84 per cent to $111 billion by 2024 on the back of accelerated adoption of digital technologies amid the COVID-19 pandemic, a report by fintech firm FIS said on Wednesday. The report noted that countries, including India, have seen a shift in consumer behaviour caused by COVID-19, and new payment trends are shown to be on the rise. FIS, in its 2021 Global Payments Report, examined current and future payment trends across 41 countries. India's e-commerce market is projected to grow by 84 per cent between now and 2024 to about $111 billion (from about $60 billion in 2020) driven by mobile shopping, which is projected to grow 21 per cent annually over the next four years, the report said.
Presenting the magazine covers which grabbed our attention this year.
'Once positions are hardened and troops start building defences, it is difficult for soldiers to step back.'
Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.
After opening on a weak note, the 30-share BSE index settled 226.79 points, or 0.55 per cent, higher at 41,613.19 -- hitting an intra-day high of 41,697.03 and a low of 41,275.60. Likewise, the broader NSE Nifty closed 67.90 points, or 0.56 per cent, up at 12,248.25.
Foreign portfolio investors (FPI) have pumped in a net sum of Rs 49,553 crore in Indian markets this month so far on back of high liquidity coupled with improving global indicators and clarity after the US presidential elections. FPIs invested Rs 44,378 crore in equities and Rs 5,175 crore in the debt segment, taking the total net investment to Rs 49,553 crore between November 3-20. In October, FPIs invested a net sum of Rs 22,033 crore.
Japanese Prime Minister Shinzo Abe said on Monday that the government will keep in close touch with all relevant groups to ensure a virus outbreak does not have affect the Summer Olympics. Olympics Minister Seiko Hashimoto said organisers are not considering cancelling the Olympics, which start on July 24.
Jonatan Christie gifted Indonesia the Asian Games gold medal they most yearned for when he beat Taiwan's Chou Tienchen in an exciting men's singles badminton final in front of a vociferous home crowd on Tuesday.
The President-elect has already infuriated China by talking over phone with the Taiwanese President, the first by a top American leader since 1979.
China has imposed strict quarantine measures for all those returning from other countries.
India's shuttlers, including London Olympics bronze medallist Saina Nehwal, expressed shock after reports emerged that a sparring partner of the Taiwanese national team, who was in Birmingham during the All England Championship, tested positive for the coronavirus.
Tech giant Apple on Monday said it is undertaking a detailed investigation following the violent incident at its supplier Wistron's Narasapura facility in Karnataka last week.
IIT Roorkee has so far seen the highest domestic salary rise Rs 80 lakh, up by a third from Rs 60 lakh last year.
US State Department spokesperson Morgan Ortagus on Sunday said five years ago on September 25, 2015 the Chinese President, standing in the White House Rose Garden, promised 'China does not intend to pursue militarisation' of the Spratly Islands, and China's outposts 'would not target or impact any country'.
Hundreds of pillow fighters battle it out around the world to celebrate World Pillow Fight Day.
World leaders thanked India for its help and support in combating the coronavirus pandemic through "early and meaningful" shipments of COVID-19 vaccine doses, as they addressed the high-level UN General Assembly session this year.
The official told the reporters during a conference call on Friday, ahead of the next week's 2+2 India-US Ministerial in New Delhi, that the Trump administration was providing support to India through defence sales, joint military exercises and information sharing.
All the gold medallists from Saturday's action at the Tokyo Olympics.
An outbreak of the coronavirus in Beijing has further "complicated" plans to start the postponed Chinese Super League (CSL), a medical expert advising the country's soccer association said. The CSL was scheduled to start in February but has been postponed indefinitely due to COVID-19.
Xi said he hopes that the two sides will uphold the spirit of non-conflict, non-confrontation, mutual respect and win-win cooperation, focus on cooperation, manage differences, advance the healthy and stable development of China-US ties, and join hands with other countries and the international community to promote the noble cause of world peace and development.
Taiwan's Hsieh Su-wei has enjoyed double good fortune at Melbourne Park this week.
'The Chinese are only about 160-170 km behind.' 'It will not take much time for them to bring their troops back, considering that they have better infrastructure -- and the weather is now favourable.' 'They can move in much faster as the terrain favours them.'
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
Harris, in a major foreign policy speech as part of her three-day visit to Singapore, said America's vision includes the freedom of navigation which is vital to all.
'If one puts the context of what Xi Jinping said at the UN about not wanting a 'hot or cold war with any country', one realises that his speech was quite bizarre.' 'The world does not expect such statements from China, a nation aspiring to be a superpower.
China may accord recognition to the new government in Kabul at an early opportunity, predicts Ambassador M K Bhadrakumar
'India cannot allow Beijing's policy of stabilising and destabilising the border at will to perpetuate its own ends.' A riveting excerpt from Manish Tiwari's 10 Flashpoints; 20 Years National Security Situations That Impacted India.
List of international sports events affected by the coronavirus that has killed over 900 people and infected more than 40,000 in China
'The Ever Given, which had 200,000 tonnes of cargo, was too long for the Suez Canal.'
No new domestically transmitted cases of the novel coronavirus disease were reported on the Chinese mainland on Thursday, the National Health Commission said.
Images from Day 1 of the Wimbledon tennis championships in London, on Monday.
The Chinese Super League will kick off on July 25 after a delay of almost five months from its scheduled start, the Chinese Football Association (CFA) said on Wednesday. The league was originally set to start on February 22 but was postponed indefinitely because of the spread of COVID-19, which first emerged in China late last year.
United States Secretary of State Antony Blinken has said that he had a productive meeting with visiting External Affairs Minister S Jaishankar during which they discussed the bilateral ties, COVID-19 relief efforts, India-China border situation and Afghanistan and vowed to work together to address areas of shared concern.
'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.
With Honeywell demanding what Indian Air Force sources term an "exorbitant" price for F-125IN engines, the IAF has told HAL that it has abandoned its plan to upgrade 80 Jaguar fighters with new Honeywell engines, reports Ajai Shukla.
Bolton said that the arguments for China joining the World Trade Organisation was that it would become a more market-oriented rules-based society.
For the first time, an Indian university has made it to the top 15 of the Times Higher Education University Rankings.
The US House of Representatives and the Senate on Tuesday passed the National Defense Authorization Act (NDAA), which included key components of Indian-American Congressman Raja Krishnamoorthi's resolution language urging the Chinese government to end its military aggression against India along the LAC.
Quad leaders are also planning to roll out vaccine deliverables and announce a series of measures in the field of healthcare and infrastructure sector, officials in Washington, DC said.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
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