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    Parliamentary Committee On Data Protection Bill Gets Another Extension

    The Joint Parliamentary Committee has been given an extension to submit its report during the winter session of Parliament The JPC was constituted in Lok Sabha in December last year and was expected to submit its report in the Budget session The Personal Data Protection Bill seeks to regulate the use of individual's data by the government and private companies The Joint...

    • 3 hrs ago
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    Flipkart Wholesale Expands Services To Digitise MSME, Kirana Ahead Of Festive Season

    Flipkart Wholesale is a digital B2B marketplace launched in July Flipkart will expand wholesale services pan India by the end of 2020 Amazon too has set up another fulfillment center in Gujarat Homegrown ecommerce platform Flipkart, on Thursday (September 24), announced that it has expanded its recently launched wholesale unit to 12 new cities to support...

    • 3 hrs ago
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    India Saw 250% Growth In Shopping App Installs Amid Pandemic, Reveals Report

    India witnessed a 250% spike in non-organic shopping app installs as the country began lifting Covid-19 lockdown restrictions in May There was a 580% spike in retargeting conversions on shopping apps in India after the country had begun opening up India witnessed an 85% higher share of buying users on shopping apps in India during May-June compared to March-April The...

    • 3 hrs ago
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    CCI To Review Online, Offline Aspects Of Reliance-Future Group Deal

    Reliance Retail Ventures Ltd on September 21 sought the antitrust body's nod for its acquisition of Future Group The competition watchdog will look at the relevant market while assessing the deal Reliance Retail on August 30 acquired the retail, wholesale, logistics and warehousing businesses of the Future Group for INR 24K Cr India's antitrust watchdog Competition...

    • 4 hrs ago
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    Kids Apparel Brand Hopscotch Raises $25 Mn From EE Capital, RPG Ventures

    Angel investors including Wei Yan, the cofounder of Diapers.com, and Techpro Ventures, the fund owned by Atul Nishar participated in the round Hopscotch, through its digital platform, also sells food and personal care branded items owned by third-party firms The company claims that it has had 3 million transactions since its inception Mumbai based online retailer for...

    • 9 hrs ago
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    TRAI Recommends Setting Up Of Multi-Stakeholder Body For Net Neutrality

    Study claims banks choose to issue Visa and MasterCard more than RuPay cards because they lose money on transactions The study revealed that only 65 lakh debit cards have been issued in August 2020, compared to 4.6 Cr cards in the corresponding period of 2019 The study suggested an MDR cap of 0.6% for all ecommerce payments The Telecom Regulatory Authority of India (TRAI)...

    • 22 hrs ago
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    RuPay Cards Facing Discrimination By Banks, Reveals IIT-Bombay Study

    The study claims banks choose to issue Visa and MasterCard more than RuPay cards because they lose money on transactions The study revealed that only 65 lakh debit cards have been issued in August 2020, compared to 4.6 Cr cards in the corresponding period of 2019 The study suggested an MDR cap of 0.6% for all ecommerce payments After revoking merchant charges on digital...

    • 22 hrs ago
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    Airtel Picks Up Stakes In Tech Startup Waybeo To Scale Its Cloud Offerings

    Waybeo has become the fifth startup to be inducted into the Airtel Startup Accelerator programme Waybeo competes with Firm Knowlarity and Exotel in the cloud telephony domain Public cloud services market in India is likely to reach $7.1 Bn by 2024, as per IDC report Indian telecom giant Bharti Airtel, on Wednesday (September 23), announced that it has picked up a...

    • 22 hrs ago
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    [What The Financials] Ather Energy Losses Grow 2X In FY20 As It Gears Up To Meet EV Demand

    Ather Energy record a 4x growth in its revenue to INR 48.8 Cr but with over 2X rise in expenses, its losses also widened in FY20 In FY21, the company is looking to set up another manufacturing unit in Hosur, Tamil Nadu and expand its Ather Grid EV charging network beyond Bengaluru and Chennai In terms of sales, Bengaluru remains the most popular market for...

    • 22 hrs ago
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    Blockchain This Week: Tamil Nadu Unveils India's First 'Safe & Ethical AI And Blockchain Policy' & More

    Tamil Nadu's 'Safe & Ethical Artificial Intelligence Policy' will empower policymakers and regulators to make evidence-based decisions The state government looks to leverage SFDB and blockchain framework to ensure transparency, accountability and fairness for the development of egovernance solutions South Korea's...

    • 22 hrs ago

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