ecommerce
Citi, Paytm tie up to issue credit cards, offer 1 pc cashback on transactions
Citi is already one of the largest credit card issuers in India with over 2.7 million cards in March 2019.
EY probes cashback fraud at Paytm Mall, to build tech-driven prevention system
Some employees Paytm allegedly worked with third-party vendors and created fake orders to siphon off cashback offers.
Multi-fold increase in investments in B2B startups
The Netapp-Zinnov report also found that the newer B2B startups are mostly centered around Bengaluru, Mumbai and Delhi-NCR.
Amazon's India unit sees 56 percent rise in export merchants
More than 80 pc of current export vendors were from small towns and cities, vice president of seller services Gopal Pillai said.
Festive sales see etailers burn $500m in discounts
An increase in the number of tier II shoppers was one of the main reasons behind the growth of festival season sales this year.
46Lakh phones sold online in 2 days of festive sales
Meanwhile, Flipkart said on Thursday that it sold 30 lakh mobile phones in a day — the highest phones sold in a day globally.
CAIT wants policy implemented soon
Khandelwal said that the biggest concern for traders would be proposal to allow up to 49 per cent FDI.
Flipkart acquisition may impact net income this fiscal, says Walmart
The US retail giant had last month said it completed the acquisition of 77 per cent stake in Flipkart Group.
Flipkart Launches used Goods platform
The company, however, did not disclose the deal amount.
Bajaj Finserv announces rewards, offers on online EMI
These offers are available for customers residing in metros and select non-metros.