Page 3 - E Commerce
Tata Power ties up with Contour for digital trade finance network
Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital trade finance workflow, a statement said. The integration enables trusted data flow across the world's trade routes and current fragmented ecosystems it explained. Manual and paper-based processes in finance slow trade growth by creating additional complexity and costs. "Tata Power's collaboration with Contour will pave the way for a seamless trade finance process one that can be made significantly efficient with the robust blockchain-based solution," Sanjeev Churiwala, Chief Finance Officer, Tata Power said in the statement. By joining Contour's network, Tata Power is implementing an end-to-end digital
 "Tata Power ties up with Contour for digital trade finance network")
5G to digital rupee, India made great strides in digital domain in 2022
2022 has seen India make great strides in the digital domain
 "5G to digital rupee, India made great strides in digital domain in 2022")
Amazon looks to sell excess air cargo space as demand cools post-pandemic
The long-term plan for Amazon Air hasn't changed despite the current turmoil
 "Amazon looks to sell excess air cargo space as demand cools post-pandemic")
Zepto will stick to brand promise of 10-minute deliveries: CEO Palicha
Quick commerce fastest-growing consumer technology industry in India, he says
 "Zepto will stick to brand promise of 10-minute deliveries: CEO Palicha")
RBI introduces single-block-and-multiple debits functionality in UPI
Feature will make payments easier for e-commerce and investments in securities
 "RBI introduces single-block-and-multiple debits functionality in UPI")
Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses
The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr
 "Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses")
Pandemic effect: Fading or going strong?
Fintech, Edtech, Healthtech- most trends that got people through the pandemic have lost their charm. WFH, however, continues to win hands down among employees
ONDC to start outreach programme to help sellers speed up their business
The first event of the programme will be an introductory session in Delhi NCR for restaurants, food entrepreneurs and cloud kitchens, on Oct 17
 "ONDC to start outreach programme to help sellers speed up their business")
Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'
Festive season preparation drives business for digital payments company
 "Paytm loan disbursals up 482% YoY in Q2, firm sees 'continued growth'")
Big Fashion Festival: Myntra onboards over 1.2 million new customers
As customers shopped fashion, beauty and lifestyle products during the event, Myntra's BFF saw over 45 per cent of visitors coming from tier 2/3 cities of India
 "Big Fashion Festival: Myntra onboards over 1.2 million new customers")
Botched deliveries take toll on Amazon and Flipkart festival sales
The exact number of orders gone wrong is a number that will not be disclosed by the companies
 "Botched deliveries take toll on Amazon and Flipkart festival sales")
E-com firms log 28% rise in orders in first 2 days of festive season: Study
Personal care and electronics excluding cell phones are the two top categories in terms of sales
 "E-com firms log 28% rise in orders in first 2 days of festive season: Study")
Amazon India extends four-hour delivery to 50 cities and towns
Company says service for its Prime members creates job opportunities
 "Amazon India extends four-hour delivery to 50 cities and towns")
ONDC and UPI together will reorder India's supply chain: Nandan Nilekani
Speaking at the Global Fintech Fest 2022, he said the supply chain will become far more efficient and will help reach products and services to everyone much more easily
 "ONDC and UPI together will reorder India's supply chain: Nandan Nilekani")
Night grocery delivery: Next on agenda for quick e-commerce platforms
In August, Swiggy said it had witnessed a 16-fold growth in orders in the 12 months to June, with Bengaluru, Mumbai, Hyderabad ordering more items than the whole population of Canada
 "Night grocery delivery: Next on agenda for quick e-commerce platforms")
Despite 8% sales growth, Amazon Retail India saw Rs 794-crore loss in FY22
The numbers come amid preparations for Amazon's month-long flagship sale event The Great Indian Festival (TGIF), which starts on September 23
Amazon Seller Services reports Rs 3.6K-crore loss; revenue up 32%
E-commerce firm's units for digital payments and selling cloud service report losses too for FY22
 "Amazon Seller Services reports Rs 3.6K-crore loss; revenue up 32%")
As it looks to rebuild, Archies may have a few cards up its sleeve
Besides the merchandise, Archies is also seeking to shift focus online with its e-commerce platform
 "As it looks to rebuild, Archies may have a few cards up its sleeve")
Banks jump on the ONDC bandwagon to draw synergy from the network
Nine banks have picked up stake in the Open Network for Digital Commerce (ONDC) network
 "Banks jump on the ONDC bandwagon to draw synergy from the network")
Onboarding of e-commerce giants crucial to ensure success of ONDC
There are also players such as Google and Reliance-backed Dunzo, Paytm, PhonePe and Reliance Retail-owned last-mile logistics company, Grab, which are joining ONDC to provide various services
 "Onboarding of e-commerce giants crucial to ensure success of ONDC")
