E-commerce Transactions

Best of BS Opinion: Beyond the Yatra, the everywhere retail, and more

Here is the best of Business Standard's opinion pieces for today

Credit card spends drop sequentially as festive season draws to close

Monthly spending is more than Rs 1 trn again, led by the rising share of e-commerce transactions

Credit card use at PoS higher than at e-com sites in July-Sept: Report

Attributes trend to value-added services such as EMI and BNPL which are allowing consumers to use cards for big-ticket transactions, as opposed to small-ticket earlier

Festivals boost credit card spends to record high of Rs 1.29 trillion

On a year-on-year (YoY) basis, spends were up over 25 per cent, despite a high base

NSDL acquires 5.6% stake in govt's e-commerce project ONDC for Rs 10 crore

Leading depository NSDL on Wednesday said it has acquired a 5.6 per cent stake in the Union government's Open Network for Digital Commerce for Rs 10 crore. National Securities Depository Limited (NSDL) invested an amount of Rs 10 crore in ONDC under the private placement route, the depository said in a statement. "This strategic deal will further strengthen the digital ecosystem to take digital e-commerce to the people of India," Padmaja Chunduru, MD and CEO at NSDL, said. ONDC is an initiative of the Commerce Ministry to create an open public digital infrastructure, while NSDL has played a key role in transforming the Indian securities market by facilitating, holding and transfer of securities in dematerialised form. NSDL demat account holders are serviced through the Depository Participants from 58,000 service centres. Its investors are present in 99 per cent of pincodes in India and are spread across 189 countries. "We are glad to have NSDL as a stakeholder which would be of ..

Extending purview: RBI to regulate offline payment aggregators, too

Pinelabs, MSwipe, Ezetap, FSS, Hitachi payments, Worldline, etc. are some offline payment aggregators

You don't know it but we're involved in each of your card swipes: Fiserv GM

In a Q&A, Rishi Chhabra, who also heads the firm's India and Sri Lanka operations, dwells on his company's swift response to RBI's six-month moratorium and data localisation rules

Top headlines: Tata firms beat peers; India awaits first sport unicorn

The central government is likely to exceed the budgeted tax collection target of Rs 22.2 trillion for the current fiscal year. Read more on our top headlines of the day

How one simple rule change could curb online retailers' snooping

All the policies contain vague, confusing terms and give consumers no real choice about how their data are collected, used and disclosed when they shop on these websites

Marico Q1 PAT down 6% YoY to Rs 365 cr on steep rise in input costs

Net sales up 31.2% on a low base to Rs 2,525 cr, volumes grow 21%

A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed

Snapdeal partners with Sama for online dispute resolution, sees success

In the pilot, which looked at a few hundred cases, Snapdeal and Sama helped settle a 100, with an overall success rate of 50 per cent

Flipkart hires 23,000 in 3 months as demand for e-commerce services surges

Additional hiring to meet demand for home delivery as people continue to remain indoors due to coronavirus pandemic

Alibaba launches China's Singles' Day shopping event, to boost economy

This year's online shopping extravaganza also comes a week after Alibaba lost almost $76 billion of its market value

'Dukaan tech' start-ups help kirana stores and small traders go online

They are deploying easy-to-use platforms for SMBs, helping them go online in as little as 30 seconds

Organic e-commerce platform to directly link farmers with retail: Govt

The organic ecommerce platform 'Jaivikkheti' is being strengthened for directly linking farmers with retail as well as bulk buyers, the agriculture ministry said on Thursday.

India urges WTO members to reconsider moratorium on duties on e-commerce

The e-commerce moratorium is nothing short of duty-free, quota-free' access to digital products of the digitally industrialized members by the rest of the membership, said India's WTO representative

Flipkart says 90% sellers back on platform, 125% rise in new MSMEs

Uttar Pradesh, Maharashtra, West Bengal, Delhi and Tamil Nadu are the top states where local MSMEs have shown maximum interest in taking their businesses online

Covid-19 may lift India's e-commerce market to around $85 billion by 2024

The market opportunities for online commerce in the country are expected to touch $200 billion by 2028 from $30 billion in 2018

Virus of cyber fraud rises with Covid

The ranks of cyber criminals will rise as many unemployed people with internet connections may be desperate enough to attempt cyber-crimes