With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. In the report 'How Urban India Pays', Kearney-Amazon Pay said strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fuelling offline adoption as well.
Future Group founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group's talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help to tide over the cash crisis. Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Biyani in an interview with PTI said the US giant's 2019 investment in Future Coupons Pvt Ltd (FCPL) -- Future Retail's parent -- was for coupon and gifting business only and the same could continue post-retail assets going to Reliance. He hoped to complete the deal with Reliance within two months of Sebi approval.
Lucknow Super Giants signed former South African all-rounder Lance Klusener as their assistant coach for IPL 2024.
From Vijay Devarakonda to Kung Fu Panda, Sukanya Verma lists everything you can watch on OTT this week.
There's a spate of book-to-screen adaptations dominating OTT streaming this week. Sukanya Verma lists her recommendations.
The party never stops for Bollywood's lovely couple, Tamannaah Bhatia and Vijay Varma.
July has some interesting content on OTT, with quite a few original shows and movies premiering in the digital space.
Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.
From fantasy to football, OTT is beaming with all kinds of goodies this week.
Several firms are stepping up to help their workforce cope with soaring temperatures
Quick commerce major Zepto has raised $340 million in a follow-on financing round at a valuation of $5 billion as it gears up for an initial public offering (IPO). This is Zepto's third big-ticket fundraise within a year. With this, the company has raised more than $1 billion in 12 months.
Science fiction buffs buckle up, catch all the space-themed action on OTT this week.
Future Retail Ltd (FRL) on Tuesday said it will explore all legal remedies to pursue its Rs 24,713-crore deal with RIL following a Delhi high court order directing status quo to be maintained till the court pronounces its order. Earlier in the day, a Delhi high court bench of Justice J R Midha directed FRL to maintain status quo in relation to its deal with Reliance Retail that has been objected to by US-based e-commerce giant, Amazon. Amazon welcomed the latest court directive.
Major credit issuers, including the largest - HDFC Bank - have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party applications.
Aseem Chhabra rates the movies he's watched in 2023, and tells you where you can watch them!
Ananya Panday treated her fans to pictures from her camera that she had forgotten about.
Sukanya Verma lists her this week's OTT recommendations.
The CCI has asked the companies to explain within 30 days why an investigation should not be ordered.
From a conqueror's epic journey to a school kid's nocturnal adventures, fasten your seatbelts as OTT takes you to multiple destinations this week.
The Supreme Court Tuesday set aside three Delhi high court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger deal with Reliance Retail and ordered fresh adjudication. In a major relief to Future group, a bench headed by Chief Justice N V Ramana also set aside the high court's order of February 2 last year, by which it had directed Future Retail Ltd (FRL) to maintain status quo in relation to the merger deal. The March 18 order of the high court, upholding the EA's award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.
Amazon's action follows that of other retailers such as Walmart Inc, Target Corp and Nike Inc.
Amazon's pantry division across 29 cities in India helps sellers sell FMCG products on its platform.
Amazon's single largest building is also the single largest building in Hyderabad city. Spread over 9.5 acres, this multi-storied building comprises of 290 conference rooms, casual and collaborative work spaces that will house 15,000 employees, along with private areas, interfaith prayer rooms, mothers room, quiet rooms, showers, unisex rest rooms and a huge cafeteria besides a helipad on the building roof.
Amazon India Country Head Amit Agarwal refers to all talk of mergers as 'noise'. 'All this is a distraction, when the focus should be on the customer,' he says.
According to industry studies, the Hindi Internet user base is likely to outgrow the English user base by 2021 and along with Marathi and Bengali users, will drive volume growth.
At a time when Flipkart has entered the quick-commerce race with a service called "Minutes", executives at rival players said they are in a wait-and-watch mode. They said they would be concerned only once the e-commerce firm is able to succeed in this space. The Walmart-owned firm's quick-commerce service has gone live in some parts of Bengaluru, putting it in competition with firms such as Zepto, Swiggy's Instamart, and Zomato's Blinkit.
The win put Guyana Amazon Warriors on joint top with four points from three games.
Dhanush, Mahesh Babu, Sushmita Sen, Bhumi Pednekar, it's a star studded show on OTT this week.
Amazon has emerged a competition for posterboy of Indian e-commerce Flipkart.
Pratham Barot, CEO and co-founder, Zell Education, explains how specialised courses in finance can help you earn a cushy six-figure salary.
The Spot has a touchscreen, which makes it more interactive, says Abhik Sen.
The deal, which will kick in after the holiday season, in January, will give Apple more visibility among online buyers in India. The partnership could help Apple take on Chinese smartphone maker OnePlus, which has become one of the leading player in the premium smartphone market thanks to Amazon.
Monsters, sharks, psychopaths, jedis, hybrids, undercover cops, special agents, brace yourself for tons of action on OTT this week.
Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers.
The Madhya Pradesh high court has issued a notice to Bollywood actor Kareena Kapoor on a petition seeking the removal of the word 'Bible' from the title of her book, Kareena Kapoor Khan's Pregnancy Bible: The Ultimate Manual for Moms-To-Be, as it hurt sentiments of the Christian community.
Catch one of Mammootty's career best works, Oscar-winner Michelle Yeoh and more on OTT this week.
'Romance not in a physical manner maybe, but, you know, where you are just sharing dialogues and looking at each other and conversations are happening.'
As part of this strategy, the e-commerce major has launched a programme to manage the entire business-to-business inventory supply and management for kirana stores in three cities in Karnataka.
Karnataka tax dept may attach assets of dealers; new retailers not being registered
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