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Home  Business

Business

India’s e-commerce market to surge 84% by 2024

India’s e-commerce market to surge 84% by 2024

  • Global GDP to surpass pre-pandemic level by mid-2021: OECD

    It said a global economic recovery is in sight but a faster and more effective vaccination rollout across the world is critical while respecting necessary health and social distancing measures.
  • Housing sales likely to drop 34% in FY21: India Ratings

    The agency emphasised that the overall sales in FY22 could still be around 14 per cent below FY20 level.
  • Don’t ban crypto, need regulatory mechanism: IAMAI to govt

    Good governance and regulation of the cryptocurrency ecosystem in India will give impetus to the government's Digital India vision, IAMAI said.
  • Digitalisation solution for optical retailers launched

    Providing an end-to-end digital platform for optical retailers, ophthalmologists and big optical brands, OIC has developed different products packed into one product.
  • Vivo to open 100 exclusive stores in India this year

    The smartphone maker has 550 retails stores across the country and by the end of this year, it aims to cross the 650-mark, according to Nipun Marya, Director Brand Strategy, Vivo India.
  • Aqua Security to double headcount in Hyderabad

    The company’s India centre in Hyderabad has over 50 employees and the company plans to double its investments in India in 2021.
  • Irdai may shift to ‘use and file’ system for product approvals

    Under the use and file system, insurers are permitted to market products without the regulator's prior approval.
  • Sensex surges over 300 points in early trade; Nifty near 15,200

    IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Bajaj Finance, M&M, HDFC, Infosys, HCL Tech, Titan, Bajaj Finserv and Reliance Industries.
  • Rupee inches 5 paise higher to 72.88 against US dollar in early trade

    The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.23 per cent to 92.16 ahead of the inflation data this Wednesday.
  • Verizon launches mobile career counselling lab

    The lab is equipped with 10 tablets installed with mobile apps and psychometric assessment including space for personal counselling.
  • Hyderabad-based firm makes eco-friendly straws

    The straws use plant-based food colours- orange from carrot, red from beetroot and green from spinach.
  • Swaraj Tractors unveils new initiatives in Telangana, AP

    Swaraj recently launched the New Swaraj 742XT tractor which was developed exclusively for paddy mechanisation
  • Trai suspends norms for commercial text messages for one week

    The move to suspend the norms would enable the principal entities to register the template of SMS so that no inconvenience is faced by the customers, Telecom Regulatory Authority of India (Trai) said in a statement.
  • CDC Group infuses $20 mn funding in Ecom Express

    Ecom Express recently invested $11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics (3PL) firm, Paperfly.
  • Stay away from crony lending: CEA tells fin institutions

    The government has proposed to set up a Rs 1-lakh crore development financial institution (DFI) to accelerate infrastructure financing activities.
  • Life insurance firms see 21% rise in new business premium in Feb

    LIC's April-February new premium was down 3.01 per cent at Rs 1,56,068.64 crore.
  • Paytm eyes 5 crore merchants in 2 years

    The company has seen 2 crore small merchants using their various services of digital payments like Wallet, UPI, Cards and net-banking.
  • PV retail sales rise over 10 pc in Feb on low base effect: FADA

    Total sales across categories declined 13.43 per cent to 14,99,036 units, last month compared to 17,31,628 units in the year-ago period.
  • Shares of oil marketing cos plunge, BPCL down 5%

    Hindustan Petroleum Corporation's (HPCL) shares were trading at Rs 234.60, lower by 3.62 per cent from its previous close.
  • Over 1,100 firms ordered for liquidation till Dec 2020

    Government has suspended the admission of new IBC cases in view of the pandemic the pandemic and the suspension is scheduled to end on March 24.
  • Rajya Sabha adjourned over opposition demand for discussion on fuel price hike

    Leader of Opposition Mallikarjun Kharge demanded a debate on the issue.
  • Equity MFs’ net outflows cross Rs 10K Cr in Feb: AMFI

    The SIP inflows had stood at Rs 8,023.39 crore in January from Rs 8,418.11 crore in December from Rs 7,302.16 crore in November.
  • CredR plans to invest USD 15 mn next fiscal to expand operations

    The company's used two-wheelers are aimed at providing economical, value-driven personal mobility solutions to people in the most transparent and hassle free manner, he added.
  • India imports 19.97 mn tons of fertilisers till Feb: Sadananda Gowda

    Of the total import of 19.97 million tonnes, 11.33 million tonnes were imported during the kharif (summer) season and 8.64 million tonnes in the ongoing rabi (winter) season till February.
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