Flipkart, a number one participant within the Indian e-commerce sector, has reportedly been in talks a few potential acquisition of Dunzo, a hyperlocal supply startup backed by Reliance Retail, in response to three sources who spoke to TechCrunch. Nonetheless, the advanced possession construction of Dunzo has posed challenges in reaching…
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RBI updates credit score and debit card guidelines; right here’s what it means for cardholders | India Enterprise Information
Para of MDExisting ProvisionAmended Provision7(c)Card-issuers could subject enterprise bank cards to enterprise entities/people for enterprise bills. The enterprise bank cards may additionally be issued as cost playing cards, company bank cards or by linking a credit score facility similar to overdraft/money credit score supplied for enterprise goal as per the…
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RBI clears ‘interoperable’ internet banking funds
MUMBAI: RBI governor Shaktikanta Das mentioned the central financial institution has accredited a platform that can facilitate on-line retailers to obtain funds from any financial institution through web banking, with out signing up for each financial institution.Bharat Invoice Fee System, an arm of the Nationwide Funds Company of India, will…
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Niraj Shah wants India to scale Wayfair
In December, he was on the centre of an issue within the US for advocating longer working hours. The next month, he fired 13% of his over 14,000 staff – like many different e-commerce gamers who had employed huge through the pandemic, however then when on-line orders dropped because the…
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WTO talks finish with no progress on agriculture, fisheries
ABU DHABI: WTO talks ended right here with ministers making no headway on key points — agriculture and fisheries, whereas India and different international locations are more likely to comply with extension of customs obligation waiver for e-commerce by one other two years. Commerce ministers from internationally refused to budge…
