Governor also says two-stage verification for card transactions might go; RBI in process of setting up IT arm
Zomato executive Pathikrit Saha delivers cancelled food orders to underprivileged and needy kids in and around Kolkata, putting a smile on their faces.
The affidavit was filed in response to a petition seeking a direction to declare the PM CARES Fund a 'State' under the Constitution to ensure transparency in its functioning.
E-commerce pilot for wholesale begins from July in Hyderbad and Lucknow
It has decided to provide them with necessary training through online mode.
The committee has shared an online form consisting of 11 questions seeking comments of lay persons until March 31.
They agreed to continue technical exchanges to help end the epidemic worldwide as soon as possible, it said.
Private sector lender HDFC Bank on Thursday said the Reserve Bank of India (RBI) has asked it temporarily stop all launches of its upcoming digital business-generating activities and sourcing of new credit card customers after outage at its data centre which impacted operations last month.
'The focus on easier access and faster delivery is creating a new consumption pattern that allows consumers to satisfy their last-minute cravings and restock essentials at the click of a button.'
"It went up to 20-odd per cent in 2019 and to 25 per cent a year later. "That's when we decided to pull the plug; it was not sustainable for our business," says Chadha. Madison & Pike, instead, turned to Mumbai-based start-up Thrive, which provides third-party delivery services to restaurants at a much lower commission - three to five per cent.
Google LLC has contended that the information technology rules for digital media are not applicable to its search engine, and urged the Delhi high court on Wednesday to set aside a single judge order which applied the rules on the company while dealing with an issue related to removal of offending content from the internet.
The 10-day-long annual Ganesh Chaturthi festival began on a low-key note on Friday with several state governments prohibiting public celebrations due to the Covid pandemic and devotees taking the virtual route to pay obeisance and join the festivities.
After six weeks into the second half, the faltering offline channel, which traditionally rakes in 60 per cent of sales for the market, has become the biggest hurdle towards the path of revival.
Tata Digital Ltd has acquired a majority stake in online grocery platform BigBasket. Tata Digital is a 100 per cent subsidiary of Tata Sons. "Grocery is one of the largest components of an individual's consumption basket in India, and BigBasket as India's largest e-grocery player, fits in perfectly with our vision of creating a large consumer digital ecosystem.
Strongly rebutting the charges, External Affairs Ministry Spokesperson Anurag Srivastava said the Gulf countries are deeply committed to friendly relations with India and they are even seeking bilateral talks on the post-COVID-19 economic recovery. Talking about India's close and traditional ties with the Arab countries, he said New Delhi is ensuring uninterrupted supply of food and essential commodities to the region during Ramzan as part of its deep-rooted friendship.
The Bombay high court on Saturday granted an interim stay to the operation of parts of the recently notified Information Technology Rules, 2021 which require that all online publishers follow a "code of ethics" and norms of conduct.
The Israeli ambassador said the efficiency of the agriculture sector as a whole will increase with the new legislations and consumers will also enjoy better and fresh crops.
The Indian and Chinese armies have been locked in a bitter standoff at multiple locations in eastern Ladakh for over eight weeks since May 5.
Food delivery platform Zomato has filed preliminary papers with capital market regulator Securities and Exchange Board of India (Sebi) to raise Rs 8,250 crore through an initial share-sale.
Consumer companies have started taking orders via phone calls and are also pushing retailers to order through their B2B applications.
In June, Google received 36,265 complaints - the highest till now - from individual users located in India via designated mechanisms. It removed 83,613 pieces of content as a result of user complaints in the said month.
In a move that is bound to spell relief for social media users, the government on Tuesday launched the much-awaited grievance appellate committee (GAC) mechanism that will allow users to appeal against decisions of social media platforms by filing their complaints on a new portal.
The new iMac, two iPads and iPhone 12 and 12 Mini will be open for ordering starting April 30, just like in the US, the UK, China and Japan.
Prachi Dhabal Deb, who began her career as a financial analyst, but found her heart in the field of confectionery art.
Fair trade regulator CCI on Friday ordered a probe against Google for its alleged abuse of dominant position. "In a well-functioning democracy, the critical role played by news media cannot be undermined, and it needs to be ensured that digital gatekeeper firms do not abuse their dominant position to harm the competitive process of determining a fair distribution of revenue amongst all stakeholders," CCI said. It added that the Commission is of prima facie view that Google has violated provisions of Section 4 of the Competition Act, 2002 which pertains to abuse of dominant position.
The counsel appearing for the Centre told the top court on Friday that they have written to the secretaries of the ministries of external affairs as well as health on the issue.
PharmEasy, 1mg and Netmeds believe that their disruptive capabilities will power their brands despite the recent court ruling. The Drug Controller General of India recently directed all state FDAs to stop the online sale of medicines as per a Delhi high court order of last year.
Experts have said the food delivery space is likely to see exponential growth this year.
'The digital economy will generate 60 to 65 million jobs by 2025, 20 million more than the 40 to 45 million existing jobs that are in danger of disappearing or getting automated,' points out T N Ninan.
Food delivery apps Zomato and Swiggy reported a nationwide outage on Wednesday. Both the platforms witnessed technical glitches and were unresponsive for almost an hour. Downdetector, a platform that collects status reports from a series of sources, recorded about 3,619 reports of outage against Zomato at 2:05 PM and about 771 reports of outage against Swiggy at around 2:21 PM. According to the sources, the outage was caused by Amazon Web Services (AWS), a cloud-services platform, which runs both platforms. Though Swiggy and Zomato are working now, some customers reported that the issue has not been solved completely and they are not able to place orders and there are payment related issues.
The company currently controls over 30 per cent of the online smartphone market in the country, but says that isn't enough.
Zara could rake in Rs 1,571 crore sales in 2019-2020. H&M, which came in five years later, grew its revenue to Rs 1,729 crore.
Ayyub is the account holder and deposits totalling Rs 1,77,27,704 have been attached by the ED.
Apple will soon bring its latest lineup of MacBook Pro models along with HomePod mini, AirPods and a new music experience under Apple Music Voice Plan for Indian consumers. Apple's new M1 Pro and M1 Max, available in 14 and 16-inch models, delivers groundbreaking processing, graphics and machine learning (ML) performance. The new MacBook Pro range with M1 Pro and M1 Max are available to order via Apple's online store and will begin arriving to customers and its authorised resellers from October 26.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
Once stability returns to the secondary market, companies that have obtained approval from Sebi will start tapping the market.
Earlier, the government had extended the regular and e-visa of those foreigners who are currently in India and unable to leave the country due to the outbreak of coronavirus, till April 15.
Ashok Kumar Gupta, chairman of the Competition Commission of India (CCI), has never minced words while talking about the giant technology companies, referring to them on multiple occasions as "centres for entrenched and unchecked dominance". The anti-trust regulator has, in fact, been cracking down on big technology companies such as Google, Apple, Facebook, and others, after they were hauled up by regulators and lawmakers in Europe and Australia. However, in several instances, existing regulations have prevented the CCI from going all out against these companies for anti-competitive activities.
At a time when many women were forbidden by their caste-conscious families from taking up acting assignments in an industry not deemed respectable, Phalke wanted to cast his wife as the female lead in Raja Harishchandra.
Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment leading to poor customer experience, marking its exit from the segment for the second time since last year. The company had entered the segment last year during the lockdown on account of the COVID-19 pandemic, but exited the business on the recovery of its food delivery business. The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts.
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