With funds from SoftBank, Delhivery plans to rapidly scale up its reach from 15,000 pin codes to 20,000 by the June quarter of 2019-20.
OMCs' Digital India move is likely to have an impact on more than 80.3 million Pradhan Mantri Ujjwala Yojana consumers, majority of whom are not exposed to digital transact.
Agriculture, social services, education, defence and so on will be brought into the digital fold and every gram panchayat will be connected to the internet.
Takes on UberEats, Swiggy; experts question cash burn.
Paisa Bazaar, which recently forayed into online mutual fund distribution, has come out with a 20-second video clip featuring Bollywood actor Akshay Kumar. The ad, which talks about the benefits of investing in direct plans, has already got 1.6 million views on YouTube.
'If standing in a bank or ATM line is a test of patriotism, why is not a single leader standing in that queue too?'
As in the past, it is up to the merchants to decide if they will bear the burden of the charge or bill it to the customers. Subhomoy Bhattacharjee reports.
India turns talent backyard for Southeast Asian taxi apps to fight Uber.
Having grown swiftly since the acquisition of Flipkart by Walmart in 2018, it was looking at a valuation of $10 billion. However, factors such as lack of diversification, new e-commerce and data policies, as well as the overall investment environment, have slowed the process.
SBI Cards on Tuesday launched a credit card especially meant for transactions on e-commerce websites.
Things are expected to change dramatically in a few years for urban consumers.
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
Whether it is for disaster relief or a personal cause, some online platforms help you raise funds for a fee.
US major lost its first mover advantage, now wants to secure its investments in the country.
It is watching e-commerce policy fineprint before spelling out India plan
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
The Indian Post Payments Bank will be a boon to Indians who live in rural areas. India has 154,000 post offices, of which 139,000 are rural.
The most important aspect will be the SOP that will be handed to the franchises for Monday's discussion where they can raise their concerns.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
Who will make the most of the disruptions of 2016 this year? Mihir Sharma's list of probables.
Firms are offering employees flexi hours; demand for air purifiers, masks have skyrocketed.
Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
Your next ride via the Ola app in an auto rickshaw could be cashless.
Even if the government didn't plan for demonetisation properly, it could have taken steps on a war footing later to ensure the situation improves.
Shine Jacob & Karan Choudhury highlight the red flags raised by the Controller General of Accounts.
Rahul said the poor, the labourers and the middle class are being sacrificed in the demonetisation 'yajna' for the benefit of the "super-rich families" of the nation.
But mobile wallet companies say many consumers are not ready to give out their PAN
Employers are now looking to hire professionals who can demonstrate their skills rather than reel off a catalogue of undirected theoretical qualifications.
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
Readers tell us how they are managing without cash since November 8.
'Google and Facebook need to be tamed, their garb of 'Investing in India's future' need to be pulled off,' observes Vibhu Arya.
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
While mobile wallets are still busy exploring the multiple facets of interoperability, experts believe that bringing in new customers would be costly affair and the numbers of new wallet users might not see a major hike anytime soon.
Cryptocurrency exchanges face issues with their current bank accounts.
The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
The police have almost no way of tracking the $200 billion plus money flowing online during this World Cup.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Samsung is lining up new products, increasing focus on e-commerce channels and tightening its grip over retail outlets.
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