The Confederation of All India Traders (CAIT) on Thursday urged the Competition Commission of India (CCI) to pass directions to expedite the pending investigation of the CCI and to suspend operations of Amazon in India till all ongoing investigations are concluded. The apex body has sent a letter to the CCI Chairperson accusing Amazon of […]
Apple is ramping up its efforts in India’s retail market to boost its revenue this year. The company aims to increase sales from the 200 or so franchisee-owned exclusive retail stores in India. To achieve this, Apple has introduced a global consumer promotion and student discount at its company-owned brick-and-mortar and online stores in India. […]
Amazon, a ecommerce platform, has announced its plan to surpass USD 8 billion in cumulative exports from India by the end of 2023. Since the inception of its Amazon Global Selling program, the company has successfully onboarded 125,000 exporters. Remarkably, more than 1,200 of these exporters achieved sales exceeding Rs 1 crore in 2022. Bhupen […]
Nutra Prep, a new startup in the Sports Nutrition space and Nutrabolt, an active health and wellness brand, have signed a strategic deal for India’s manufacture and distribution of Nutrabolt’s ‘C4’ and ‘Xtend’ brand products. As part of the partnership, Nutra Prep will be the exclusive manufacturing and marketing company for ‘C4’ and ‘Xtend’ brands […]
Green hydrogen can be a potential solution to attain energy security and help the domestic export industry comply with the environmental protection regulation of the European Union (EU), said experts in an event organised by WTC Mumbai and All India Association of India, jointly with Engineering Export Promotion Council (EEPC) and Indian Business Chamber of […]
The launch of the low-cost ‘Jio Bharat’ smartphone by Reliance Jio is expected to raise the telecom major’s market share at the lower end of the market, said JP Morgan. In a report titled ‘India Telecom’, JP Morgan said ‘Jio Bharat’ is likely to disrupt the bottom of the pyramid. Reliance Jio on Monday launched […]
Paytm, India’s leading payments and financial services company and the pioneer of mobile and QR payments, on Wednesday announced its business operating performance for Q1FY24. The company has achieved a new milestone in merchant payments with 79 Lakh devices deployed while the Gross Merchandise Value (GMV) for the quarter (for three months ended June 2023) […]
Reliance Jio’s Rs 999 costing 4G phone launch will help the telecom major grab market share among new feature phone sales, including expanding its subscriber base in the 2G segment, said Citi Research in a report. “After Jio’s renewed attempts in Mar’23 at making inroads in the high-end postpaid and prepaid 4G and 5G segments […]
Hyderabad-based AgriTech platform Lab2Land has entered into a partnership with credit infrastructure provider FinBox to address credit crunch challenges of agri retailers. This association aims to disburse around Rs 40 million digital credit to 5000 agri retailers. “There are three main challenges when it comes to the agricultural value chain – the rising cost of […]
BD Software, a value-added security distributor and VMRay, a cybersecurity solutions provider, joined hands to bring malware analysis and detection solutions to Indian businesses and enterprises. VMRay specialises in providing cybersecurity solutions, particularly in the field of automated detection and analysis of advanced malware and phishing threats. “We included VMRay technologies in our portfolio after […]
