News

Flipkart rolling out own payments app 'Super.money'  E-commerce giant Flipkart has started rolling out its own payments app Super.money, in a fintech push, over a year and a half after separating from PhonePe.  Now live in beta on the Play Store, the new app allows users to make mobile payments via UPI, reports TechCrunch on Wednesday. "With an uncluttered UX and focus on great rewards for every transaction, super.money intends to change the way people engage with and consume financial services," a Super.money spokesp...
Flipkart rolling out own payments app 'Super.money'
Flipkart rolling out own payments app 'Super.money'
Source: IANS
2024-06-27 10:24:45 am
Exclusive-IPOs of Walmart's Flipkart, PhonePe could take couple of years, Walmart exec says Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. "This is something we're looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of the company's shareholder meeting near its Bentonville, Arkansas, headquarters, late on Thursday. Walmart may put an initial public offering of ...
Exclusive-IPOs of Walmart's Flipkart, PhonePe could take couple of years, Walmart exec says
Exclusive-IPOs of Walmart's Flipkart, PhonePe could take couple of years, Walmart exec says
Source: Reuters
2024-06-08 09:05:29 am
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies E-commerce giant Amazon has pumped Rs 1,600 crore into its India arm, Amazon Seller Services, a regulatory filing by the company has shown. The investment comes as India’s e-commerce growth is expected to reach $200-230 billion by 2030, a steady 20-22 per cent rise. According to Amazon’s filing in the US, “The Board is hereby accorded for allotment of 1,66,00,00,000 (One hundred sixty six crore) equity shares of Rs 10 each aggregating to Rs 16,60,00,00,000 (One thousan...
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies
Amazon pumps Rs 1,600 crore into its India arm as e-commerce battle intensifies
Source: IANS
2024-05-14 05:03:10 pm
Walmart Center for Tech Excellence comes up at IIT-Madras to develop solutions for MSMEs  The Walmart Center for Tech Excellence, set up at the Indian Institute of Technology Madras (IITM) to develop solutions for MSMEs, was inaugurated on Wednesday. Set up by Walmart Global Tech, part of the US-based retail chain Walmart Inc, it will develop solutions that will help micro, small and medium enterprises (MSME) adopt Artificial Intelligence (AI) along with digitisation to drive operational efficiency and profitability, a statement said. It will work towards building an o...
Walmart Center for Tech Excellence comes up at IIT-Madras to develop solutions for MSMEs
Walmart Center for Tech Excellence comes up at IIT-Madras to develop solutions for MSMEs
Source: IANS
2024-02-29 10:46:30 am
Walmart acquires US TV maker Vizio for nearly $2.3 bn to boost ad biz  Retail giant Walmart on Tuesday said it is acquiring US-based TV maker Vizio in a deal valued at nearly $2.3 billion, in a bid to boost its ad business. The acquisition of Vizio and its SmartCast Operating System (OS) would enable Walmart to serve its customers in new ways, including innovative television and in-home entertainment and media experiences. Vizio has more than 500 direct advertiser partnerships which “now accounts for a majority of the company’s gross prof...
Walmart acquires US TV maker Vizio for nearly $2.3 bn to boost ad biz
Walmart acquires US TV maker Vizio for nearly $2.3 bn to boost ad biz
Source: IANS
2024-02-21 09:57:34 am
India`s Eruditus plans to shift domicile to India from Singapore for IPO SoftBank-backed Indian educational technology firm Eruditus is planning to shift its domicile from Singapore to India for a stock market listing, its CEO told Reuters. Eruditus' edtech platform offers thousands of online courses from more than 80 universities including Harvard on topics such as artificial intelligence, data science and software coding, in competition with NYSE-listed Coursera. "The rich multiples of Indian stock markets, and that there's so much liquidity a...
India`s Eruditus plans to shift domicile to India from Singapore for IPO
India`s Eruditus plans to shift domicile to India from Singapore for IPO
Source: Reuters
2024-02-13 09:20:34 am
Indian toy makers get $10 mn worth export orders at global fair in Germany  Indian toy makers, who participated in the five-day international toy fair at Nuremberg in Germany, claim to have received huge orders worth more than $10 million, the Union Commerce Ministry said on Monday. According to the toy exporters, buyers from countries such as the US, the UK, South Africa and Germany showed interest in their products and placed a good number of orders at the fair that concluded on February 3. There were more than 55 participants from India this year who show...
Indian toy makers get $10 mn worth export orders at global fair in Germany
Indian toy makers get $10 mn worth export orders at global fair in Germany
Source: IANS
2024-02-06 11:02:49 am
Walmart shifts to India from China for cheaper imports  Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows. The world's largest retailer shipped one quarter of its U.S. imports from India between January and August this year, according to bill of lading figures shared with Reuters by data firm Import Yeti. That compared with just 2% in 2018. Only 60% of its shipments came from China during the same p...
Walmart shifts to India from China for cheaper imports
Walmart shifts to India from China for cheaper imports
Source: Reuters
2023-11-29 05:05:50 pm
Clicking towards record: India`s festival season spurs online shopping spree Run off their virtual feet at the start of India's festival season, e-commerce companies like Amazon and Walmart owned Flipkart are looking forward to a potentially record breaking few weeks.Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled.RedSeer, a Bangalore-based consultancy, which monitors over 100 platforms covering 90% of online sales, predicts virtual shoppers will spend a record $11...
Clicking towards record: India`s festival season spurs online shopping spree
Clicking towards record: India`s festival season spurs online shopping spree
Source: Reuters
2023-10-12 12:48:22 pm
Indian billionaire Ambani's Reliance Retail to raise $598 million from ADIA Billionaire Mukesh Ambani's Reliance Retail Ventures said on Friday it would raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority, in the latest bet on India's largest retailer ahead of a potential stock market listing.The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in the company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing.Reliance Retail, with more than 18,000 stores ...
Indian billionaire Ambani's Reliance Retail to raise $598 million from ADIA
Indian billionaire Ambani's Reliance Retail to raise $598 million from ADIA
Source: Reuters
2023-10-07 09:12:21 am
WhatsApp adds rival in-app payment options in India commerce push WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market.WhatsApp has more than 500 million users in India, though regulators there have capped its in-app WhatsApp Pay service to only 100 million people. People shopping on WhatsApp could also pay using popular services like Alphabet Inc's Google Pay, Paytm and Walmart's...
WhatsApp adds rival in-app payment options in India commerce push
WhatsApp adds rival in-app payment options in India commerce push
Source: Reuters
2023-09-20 11:26:23am