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BusinessToday.In
New Delhi, July 17, 2018
Bezos' net worth increased by $52 billion over this year. To put it in perspective, that is more than the entire fortune of Alibaba co-founder, Jack Ma.


Ajita Shashidhar
New Delhi, July 16, 2018
The retail business globally is moving towards platform play. The rationale behind this is to own the consumer at every possible touch point.


BusinessToday.In
New Delhi, July 13, 2018
As RIL stock surged to a record high of Rs 1,101 after touching an all-time high of 1,106.65 during the day on Friday, the net worth of Mukesh Ambani -- who holds 44.5 per cent stake in the company -- also jumped to $44.3 billion.


Nidhi Singal
New Delhi, July 10, 2018
The top five countries in terms of smart speaker installed base in 2017 includes the US at 73 per cent, the UK at 10 per cent, Germany at 8 per cent, China at 3 per cent and Canada at 2 per cent.


BusinessToday.In
July 9, 2018
Paytm said that it has witnessed a tremendous increase in adoption of digital payments in tier II and tier III cities that constitute 50 per cent of its total user base.


BusinessToday.In
July 4, 2018
Facebook said that it is presently investigating apps that had access to large amounts of information before the platform policies were changed in 2014.


BusinessToday.In
New Delhi, July 2, 2018
India has taken a liking to cashless transactions in the past couple of years, but it is nothing compared to China's love for digital payments. For starters, the beggars in China have been soliciting alms using QR codes and e-wallets. Watch BusinessToday.In's video to know more about these tech-savvy beggars of China.


BusinessToday.In
July 1, 2018
Beggars in China have been using QR codes and mobile payments to solicit alms but it's not all altruistic.


BusinessToday.In
New Delhi, June 29, 2018
The unicorns-in-the-making hail from diverse sectors such as software, logistics and fintech, thereby widening the pool beyond online commerce and advertising models.


Mudit Kapoor
New Delhi, June 29, 2018
Xiaomi priced its shares at lower end of HKD 17 each. The pricing values Xiaomi at about USD 54 billion, roughly half of the Xiaomi's initial expectation.


Reuters
Hong Kong, June 29, 2018
China's Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world's biggest tech float in four years, people close to the transaction said on Friday.


Associated Press
SEOUL, South Korea, June 21, 2018
Xiaomi, a Chinese startup that helped pioneer the trend toward ultra-low-priced smartphones, is preparing for what would be the biggest initial public offering since e-commerce giant Alibaba's in 2014.


BusinessToday.In
New Delhi, June 18, 2018
Nirav Modi holds six Indian passports; agencies to file fresh FIRAbsconding jeweller Nirav Modi, wanted in the Rs 13,600 crore PNB fraud case, is reported to be in the possession of at least six Indian passports and the investigative agencies are likely to file a fresh FIR against him for this offence, senior officials confirmed. It is a criminal offence to possess more than one valid passport and also to use a revoked passport. Modi, who was earlier holed up in the UK, is now reported to have flown to Belgium, according to Indian intelligence agencies. His move to Belgium follows the pressure that India was building up on the Theresa May government to get him extradited. Challenge before government is to take growth rate to double digit: PM Modi at Niti AayogThe challenge before India is to take the economic growth rate to double-digits for which many more steps need to be taken, Prime Minister Narendra Modi told a meeting of chief ministers. Speaking at the Niti Aayog's fourth meeting of Governing Council, Modi stressed that the world expects India to become a USD 5 trillion economy soon. As many as 23 chief ministers and one Lt Governor attended the meeting. The notable absentees however were chief ministers of Odisha, Jammu and Kashmir and Delhi.Walmart deal will be cancerous to retail trade, says CAIT  The Walmart-Flipkart deal will be cancerous for the Indian retail industry, the Confederation of All India Traders (CAIT) has said in a letter to Finance Minister Piyush Goel. CAIT said today that its letter has also drawn the attention of Goel towards the inaction of the Commerce Ministry for not taking any steps so far in connection with Walmart Flipkart deal, despite sending communication to the trade minister. The trade body also apprehended that if no action is taken, other foreign e-Commerce majors like Amazon and Alibaba will also engage companies like Flipkart and the result would be consolidation of retail trade in very few hands which will be detrimental to offline retailers. The e-Commerce spectrum will also be vitiated to a great extent, it added.Trump favors long strike in Washington Post  US President Donald Trump has supported a proposed strike by The Washington Post workers demanding an increase in their salaries and other benefits, saying a really long strike would be a great idea. The President has been at loggerheads with several US mainstream media outlets, including the CNN, ABC News, The New York Times and the Washington Post. He has quite often described these popular media houses as \"fake media\".More than 400 employees of the Post have written to Amazon head Jeff Bezos seeking an increase in their salaries. Bezos owns the leading US daily.Almost 1 mn people 'testing' WhatsApp payments service in India  Almost one million people in India are \"testing\" WhatsApp's payments service, and the company is working with the Indian government, NPCI and multiple banks to further expand the feature to more users, a company official said. WhatsApp payment service, which rivals the likes of Paytm, has been in beta testing over the last few months. The Facebook-owned company hasn't yet announced a launch date but industry watchers expect it to happen in the next few weeks. WhatsApp had received permission from NPCI to tie up with banks to facilitate financial transactions via Unified Payments Interface (UPI). The Reserve Bank of India has mandated all payment system operators to ensure that data related to payments is stored only in India giving firms six months to comply with it.Excise duty cut in oil to impact India's fiscal deficit badly: Moody'sRating agency Moody's has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely affect fiscal deficit unless it is matched by a commensurate cut in expenditure. Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their prices which have gone up following a spike in crude prices in the international market. According to government estimates, every rupee cut in excise duty on petrol and diesel will result in a revenue loss of about Rs 13,000 crore.


PTI
June 14, 2018



BusinessToday.In
New Delhi, June 7, 2018
According to The Economic Times, Flipkart and its fashion arms Myntra and Jabong as well as Amazon India and Paytm Mall are exploring a hyperlocal strategy, which gives customers access to fashion products that can be picked up and delivered from local stores within hours.


BusinessToday.In
New Delhi, June 7, 2018
The plan is to initially see how it's 'milk-bread-egg' model works, and subsequently push in more profitable daily food items like vegetables, fruits, etc, at your doorstep.


PTI
June 4, 2018



BusinessToday.In
New Delhi, May 30, 2018
With milk delivery services, the frequency of orders on these platforms would increase significantly from 4-5 times a month to 15-20 times a month.


BusinessToday.In
May 30, 2018
The Bangalore-based etailer aims to launch grocery services in five cities by July, beginning with Hyderabad and followed by Chennai, Mumbai, Delhi-NCR and Pune. This follows the company's soft launch for the groceries category in Bangalore last November under a tab called Supermart.


Ajita Shashidhar
New Delhi, May 28, 2018
With e-commerce poised for exponential growth in India, the country is fast emerging as the new battleground for global retail giants. Can local players withstand the onslaught?


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