Digital payments player Paytm is planning to take its online lending business across the country later this year as it looks to make it a major income stream. Last year in July, Paytm partnered with Clix Capital to offer loans as a deferred payment option for consumers and to merchants as credit lines. Paytm’s senior […]
Archives for 2020
MNCs, India Inc put off by Piyush Goyal’s remark on Amazon
Top executives at several multinational and Indian companies on Thursday took umbrage at commerce minister Piyush Goyal’s comment that Amazon was not doing any favour to India by announcing a fresh $1 billion investment in the country. “Until now it used to be a matter of pride to announce such big investments into India,” said […]
E-comm returns and refunds: Online vs Offline
A policy to protect consumers who shop online may be on the anvil, but a survey by community platform LocalCircles has revealed that twice as many consumers find it easier to return products bought online than those bought offline. According to the survey, which received 41,000 responses, 45% of respondents picked ecommerce as the easier […]
Flipkart piloting fresh fruits & vegetables delivery in Hyderabad
Walmart-owned e-commerce company Flipkart has started a pilot project in Hyderabad to deliver fresh fruits and vegetables in partnership with vendors on its marketplace, three people directly aware of the matter told ET. This has come at a time when the homegrown e-tailer waits for internal processes to be complete before it applies for a […]
Kishore Biyani sees a ‘Phygital’ future for retail
Kishore Biyani, chief executive of the Future Group, Thursday said that traditional offline retailing and web commerce are not as distinct as they once were, with the odds shortening that the two channels to reach end consumers would head toward total convergence in the near future. “Physical stores have their own advantages and nuances and […]
Amazon not doing a favour by investing $1 billion: Goyal
Piyush Goyal said Amazon was not doing India any favours a day after the company’s CEO Jeff Bezos pledged to invest an additional $1 billion in the country, adding that this was probably on account of a need to fund losses, remarks that are likely to be seen as a stinging rebuke to the world’s […]
How technology is changing your neighbourhood store
Platinum Supermarket — with a small, dusty countertop and heaps of consumer goods piled on shelves — was till a few years ago a standard format kirana (corner) store in the suburbs of Pune, where customers would wait for their turn and pay by cash. Now, of course, the dusty counters are gone, replaced by […]
A widening wealth gap could be putting your clients at risk
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. A widening wealth gap could be putting your clients at riskWidening income equality is putting older adults at financial risk, according to research cited by this article in CNBC. Two reports show the widening wealth gap could be attributed […]
Dow 29,000 and the markets are grinding away
[embedded content] Josh here – Michael Batnick and I discuss the recent milestones for the Dow Jones Industrial Average and the incredibly slow grind that’s gotten us here. According to the Wall Street Journal “hasn’t moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and third-longest since […]
FASB clarifies interaction between standards
FASB issued a standard Thursday that is intended to clarify the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives. The board expects that standard to reduce diversity in practice and increase comparability of accounting for these interactions. Stakeholders had asked FASB to clarify how guidance issued in 2016 should […]