Flipkart sees huge growth; bitcoin over gold for Dhanteras?

The pandemic has by turn boosted and hobbled ecommerce platforms but Flipkart for one seems to have thrived on the whole, based on its latest numbers, which we report exclusively today.

from Tech-Economic Times https://ift.tt/3C6ClVe

Exchanges plan ad blitz for festival crypto gold rush

To tap into the festive season that began with Ganesh Chaturthi on Friday, Indian crypto exchanges are ramping up hiring, and planning product launches and large-scale advertising campaigns to add new retail investors.

from Tech-Economic Times https://ift.tt/3957DiJ

Exclusive: Flipkart in line for a 50% rise in its annualised GMV at $23 billion

This year's GMV run-rate indicates more than 50% growth year on year for the Walmart-owned ecommerce giant even as the sector remains in a policy flux. Of the current annualised GMV, around $20 billion is estimated to be from Flipkart while the rest is from Myntra.

from Tech-Economic Times https://ift.tt/3C8HRq3

Cryptos may revolutionise micro payments, but we are not there yet, says Raghuram Rajan

The former RBI governor said the notion that cryptocurrencies are more reliable than fiat currencies was a little overstretched. There is a limited supply of bitcoins, but that does not give them any value.

from Tech-Economic Times https://ift.tt/3E79IsG

Wipro leadership to return to office twice a week from September 13

"After 18 long months, our leaders @Wipro are coming back to the office starting tomorrow (twice a week). All fully vaccinated, all ready to go - safely and socially distanced," Premji said in a tweet.

from Tech-Economic Times https://ift.tt/3z5EVJ8

Zomato scraps grocery deliveries for the second time

Zomato began the pilot for its 45-minute grocery delivery service in a few markets, starting from Delhi NCR, in July. It operated on a marketplace model, allowing its users to order directly from stores. The pilot will end on September 17.

from Tech-Economic Times https://ift.tt/3C7fhp1

Apple app-store ruling in US echoes among Indian startups

The Alliance of Digital India Foundation, a 350-member grouping of Indian startups, said it expected that app developers in India will also have the option now to choose payment methods outside of the Apple and Google ecosystems.

from Tech-Economic Times https://ift.tt/393rwGV