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BusinessToday.In
New Delhi, September 10, 2018
Govt to fine-tune e-commerce rules; panel formed to look into issueThe government has set up a group of secretaries to review a recently released draft ecommerce policy, which has drawn severe criticism from many stakeholders. The nascent but booming online retail space has largely been without regulations until a task force led by then commerce secretary Rita Teaotia put together the draft policy. The new group will be chaired by the secretary in the department of industrial poli...


Associated Press
New Delhi, September 10, 2018
In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang. Ma handed over the CEO's post to Zhang in 2013 as part of what he said was a succession process developed over a decade.


Reuters
September 8, 2018
Alibaba Group Holding Ltd's billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being.


BusinessToday.In
August 31, 2018
Paytm Mall already has a revenue partnership with Future Retail, which operates hypermarket chain Big Bazaar and other fashion outlets.


BusinessToday.In
New Delhi, August 30, 2018
Rupee hits record low of 70.82, falls 23 paise against US dollar; Paytm Mall looks to deepen partnerships in fight with Flipkart, Amazon; RBI report shows household savings have touched a seven-year high; and buyers must pay up to Rs 24,000 on insurance for new vehicles from September 1. Watch more in this episode of Business Wrap.


BusinessToday.in
New Delhi, August 30, 2018
Rupee hits record low of 70.82, falls 23 paise against US dollarThe rupee on Thursday extended losses for the fourth consecutive session and plunged to an all-time intra day low against the US dollar on strong month-end dollar demand from oil importers and foreign fund outflows. The currency fell 23 paise to hit a new record low of 70.82 per dollar. The slide was triggered by factors such as crude prices hitting multi-month highs fuelled by supply shocks along with concerns over ...


BusinessToday.In
New Delhi, August 29, 2018
This deal has also raised eyebrows since Buffett had long refused to invest in the tech space saying that it was too difficult to predict which tech businesses will prosper in the long run.


BusinessToday.In
August 28, 2018
Digital payments in India is now poised for a great leap forward as global tech giants slug it out for a bigger slice of the pie.


BusinessToday.In
New Delhi, August 27, 2018
Amazon plans to invest $700 mn in the Future GroupJeff Bezos-led Amazon in India has begun formal negotiations with Kishore Biyani's Future Group to invest around $600-700 million for a 12 to 15 per cent stake in the retail major as reported by the Business Standard. The two entities have signed a term sheet to take the talks further, sources said. This denotes the two sides have officially entered a pact. If the deal materialises it will most likely be a combination of cash and...


BusinessToday.In
August 27, 2018
Warren Buffett's Berkshire Hathaway is in talks to invest about Rs 2,000-2,500 crore in Paytm parent One97 Communications - possibly the first direct investment in India by the legendary investor.


BusinessToday.In
August 20, 2018
Alibaba co-founder Jack Ma is said to be in talks to acquire a large stake in Mukesh Ambani-led Reliance Retail with an investment of $5 billion to take on Flipkart and Amazon.


Reuters
July 31, 2018
The RBI in April had said that payments firms such as Mastercard and Visa should within six months store data only in the country for \"unfettered supervisory access\". But US firms protested and the Finance Ministry has recommended relaxing the directive.


Reuters
July 25, 2018
Facebook (FB.O) has set up a subsidiary in China and plans to create an \"innovation hub\" to support local start-ups and developers, the social media company said on Tuesday, ramping up its presence in the restrictive market where its social media sites remain blocked.


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.


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.


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.


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.


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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