In the period from April to July of this year, the Unified Payments Interface (UPI), which is India's very own digital payment system, handled transactions of INR 80.8 lakh crore, with July alone having the largest amount at INR 20.6 lakh crore. UPI completed transactions totaling
Amid a severe liquidity constraint, the domestic quick-grocery delivery service Dunzo is reportedly laying off at least "150-200" additional staff. The company is planning to raise $35 million in capital from existing supporters such as Reliance Industries and Google in addition to new investors. There have been various
Zomato, a food-tech giant, has received a tax demand and penalty order totaling over INR 3.5 lakh, adding to the flood of goods and services tax (GST) warnings it has already been receiving. On August 31st, Zomato announced in an exchange filing that the Sales Tax Officer of Delhi&
Due to rising worries about the risks connected with unregistered financial influencers (finfluencers), markets regulator Sebi has revised standards to regulate them. Through three distinct announcements, the authority has limited the ability of its regulated businesses to do business with unregistered persons. This followed last month's approval of
To raise awareness of natural diamond jewelry in India, Tanishq, the country's leading jewelry brand, and De Beers, a multinational diamond major, recently established a strategic alliance. India has surpassed China as the world's second-largest market for diamond jewelry, and the two countries are planning to
On 28 August 2024, 12 "industrial smart cities" across 10 states were given the green light by the Union Cabinet to receive an estimated investment of INR 28,602 crore, to enhance domestic manufacturing. List of cities approved for “industrial smart cities” City State Khurpia Uttarakhand Rajpura-Patiala Punjab
New Delhi, September 2, 2024: Dr. Akram Ahmad, founder of Academically Global, has been recognized as one of the recipients of the prestigious BW HealthcareWorld 40 Under 40 Awards 2024. The awards ceremony took place on August 31, 2024, at The Imperial Hotel, Janpath, New Delhi. This accolade celebrates the
Wednesday, 28 August 2024, Bengaluru: As India rises as a leading hub for technological innovation, the 12th Global Edition of the World CX Summit and Awards, hosted by Trescon, will examine the evolving customer experience (CX) landscape. Scheduled for 19 September at JW Marriott Hotel, UB city, Bengaluru, this summit
Reports of flight cancellations and financial difficulties have forced the cash-strapped SpiceJet to once again operate under the "enhanced surveillance" of the Directorate General of Civil Aviation (DGCA). This measure will take effect immediately. This is in response to the aviation regulator's discovery of "certain
A US Federal Reserve official has voiced concerns that banks involved in interconnecting domestic quick payment systems with international systems for making global transactions may face higher legal and compliance costs. "There is no magic wand that enhances speed as well as effectiveness without trade-offs," stated Christopher J.
The messaging software Telegram is under fire for allegedly facilitating the spread of extremism and disinformation around the world. Paris recently detained CEO Pavel Durov on charges of crime. In a blog post, Telegram denied the charges and said that CEO Pavel Durov travels across Europe often and has nothing
An order effectively freezing Starlink's finances in Brazil was issued by the country's top court, marking a significant move against Elon Musk's internet satellite startup. This ruling, which was published on 29 August 2024, prohibits Starlink from engaging in any financial activities in Brazil.
New Delhi [India], August 30: In the dynamic landscape of today's digital economy, having a robust online presence is paramount to the success of any business. Whether you're a startup, a small business, or a thriving enterprise, your digital footprint can significantly influence your market reach,
Isha Ambani, the Director of Reliance Retail Ventures Limited (RRVL), has disclosed that the organization intends to enter the luxury jewelry sector. Isha announced that the company is looking at expanding into the fashion jewelry and accessories segment as well as the luxury jewelry segment with a curated, design-led experience.
Rufus, a new conversational shopping assistant driven by generative artificial intelligence, has been introduced to the Indian market by the eCommerce retail giant Amazon. On the Amazon India mobile app, the assistant will initially be made accessible in beta mode to a restricted group of consumers. In the following weeks,
Wynk Music, an app that has been available for streaming music for ten years, is being shut down by the Indian telecom giant Airtel. In the next months, the company would reportedly shut down the app and integrate all of its staff into the Airtel ecosystem, as reported by a
A new requirement that requires sellers on Flipkart to authenticate their goods and services tax identification number (GSTIN) via an OTP (one-time password) authentication procedure has left many vendors confused. According to sellers, Walmart-owned Flipkart may be attempting to obtain their private GST data while posing as a verification procedure
Zomato, the popular food delivery service, introduced a new feature called Zomato for Enterprise (ZFE) on August 28, to help corporate personnel with orders linked to their work. Zomato CEO Deepinder Goyal announced the tool, which would simplify the monitoring of company food expenses, in a post on X (previously
NeoGrowth, an online lender in India that specializes in MSMEs, has gone a long way toward empowering female business owners. More than INR 650 crore in loans were distributed to micro, small, and medium-sized enterprises (MSMEs) managed by women in the fiscal year 2024. The result shows a significant 34%
The buzz around Nibav Lifts is undeniable! Nibav Lifts’ recent expansion to 55 Experience Centres across India has ignited a wave of excitement among homeowners seeking to elevate their living spaces. Due to overwhelming demand, 80% of the exclusive launch offers have already been snapped up in 4 days! This
The 8th Empowered Programme Committee (EPC) meeting under the National Technical Textiles Mission was held in Udyog Bhawan in New Delhi and it was headed by the Secretary of the Ministry of Textiles on 27 August 2024. Under the "Grant for Research & Entrepreneurship across Aspiring Innovators in Technical
The media has reported that Amazon aims to launch its fast commerce service in India in the first quarter of 2025. The US-based eCommerce giant is refocusing its strategy to compete with rival Flipkart, which has just joined the fast-growing category with its 'Minutes' service. Amazon India has
Manufacturers of both passenger and commercial cars have agreed to provide discounts for the purchase of new vehicles in exchange for the scrapping of older ones from purchasers who have a valid Certificate of Deposit, according to Nitin Gadkari, the Union Minister of Road Transport and Highways. This was revealed
Chief Financial Officer (CFO) Luca Maestri will be leaving his position at Apple on January 1, 2025, according to the company. Vice President of Financial Planning and Analysis at Apple, Kevan Parekh, will be promoted to Chief Financial Officer and added to the executive team as a result of a