RBI

RBI instructs HDFC Bank to halt the Digital 2.0 program

In a massive blow to HDFC Bank, the RBI (Reserve Bank of India) has instructed the private lender to temporarily halt its digital business...
Flipkart

Walmart’s Flipkart spins off digital payments arm PhonePe partially; valuation hits $5.5 billion

Flipkart, one of the most prominent e-commerce giants in India has announced the partial spin-off of PhonePe, its digital payments platform. In March of...

NSE puts Future Retail in turmoil of untimely market disclosure

Amazon claims Future Retail revealed price-sensitive details of the arbitration to Reliance In the midst of ongoing scuffle between Jeff Bezos’s Amazon.com and Kishore Biyani’s...
Legal Feud between Amazon and Future: Latest Developments

CCI clears Reliance-Future retails’ $3.4 billion deal, regardless of Amazon’s objections.

The Competition Commission of India (CCI) announces the approval of Reliance Retail’s acquisition of Future Group’s retail assets worth $3.4 billion on Friday. The...
Flipkart acquires scapic

Flipkart acquires AR Reality startup Scapic

The Flipkart Group today announced the acquisition of Scapic, an Augmented Reality company, to enhance its immersive shopping experience capabilities. Scapic is a cloud-based...
Wholesale price inflation stands at 1.48%

WPI inflation stands at 1.48% as Wholesale price rises for three consecutive months

A data released by the Commerce and Industry Ministry on Monday shows a rise in India’s wholesale inflation for the third consecutive month in...
[Arzooo Funding]

[Arzooo Funding] Zoom’s Eric Yuan and VC Bill Tai invest in B2B retail tech...

Bengaluru-based B2B retail tech firm Arzooo has raised an undisclosed amount led by Zoom meeting app founder Eric Yuan and Silicon Valley venture capitalist...
Legal Feud between Amazon and Future: Latest Developments

Legal Feud between Amazon and Future: Latest Developments

On the basis of the interim order by a Singapore Arbitrator on October 25th, 2020, Delhi High Court sought Amazon’s response on a plea...
cabinet-approved-pli-scheme-to-10-key-sectors-for-enhancing-manufacturing-capabilities-in-india

Union Cabinet gives in-principle clearance to PLI scheme in 10 sectors

The Union Cabinet has given the go ahead to Production Linked Incentives (PLI) scheme for 10 sectors. These 10 sectors include white goods, auto,...
Rbi warns of unrelenting inflation wors

RBI warns of ‘unrelenting’ inflation woes

Even as it advanced its projections for an economy recovery, the RBI warned that keeping the system flush with funds, to keep long-term rates...