After being in talks for a while, the online grocery portal Bigbasket and Amazon have now entered into a 60-day exclusivity agreement during which the e-grocer cannot engage with another party for a potential sale. It was reported that the Global e-commerce site Amazon was eyeing to buy online grocery startup BigBasket in order to expand its hold in the Indian market.
According to a report of TOI, two people close to the matter told, that Bigbasket and Amazon have signed a [...]
Paytm has rolled out its Payments Bank today, just as it was scheduled. The digital wallet company, last week had received final approval from RBI and was all set to commence its payments bank services in India. With the launch, all the Paytm Wallet users who wish to continue are being moved to Paytm Payments Bank Ltd (PPBL).
PPBL will offer almost all the banking solutions to its customers except the the loan service. The bank won’t be able to lend money as of now but it [...]
Xiaomi is all geared up to launch its first exclusive off-line store in the country, dubbed as the ‘Mi Home Store’. The store is scheduled for launch on 20th May in Bengaluru near the company’s head office. For time being, this is the only store in India by Xiaomi but the company plans to set-up 100 more such stores across the country within two years.
The Mi Home store will be and exclusive offline store from the company which will display and sell all the [...]
Apple is soon going to start assembling its iPhone SE smartphones in India in the coming months. And as per a new report, the company is said to be preparing to launch its online store in India to sell the locally assembled iPhone SE. Apart from the iPhone SE, the online store will also sell Apple accessories and other value-added services such as personalised engravings on the handsets.
As quoted by The Economic Times, a senior industry official said, “Because the Indian [...]
In a big news, Xiaomi becomes the second largest brand in India with only Samsung above it. As per a Singapore based agency Canalys, the Chinese smartphone maker Xiaomi achieved second rank in the Indian smartphone market by increasing its market share by 3 percent from last year, making it to a total of 14%. Xiaomi has further reduced the gap between itself and the South Korean tech giant Samsung which is at top of the table with 22% of market share.
It appears that Xiaomi is [...]
Global payments platform PayPal is looking to be the next digital wallet in India. As per the sources, the company is seeking Prepaid Payment Instrument (PPI) license from RBI to launch their digital wallet services in India. Although PayPal is operational in India since long but, hasn’t been very successful to achieve a strong user base up till now.
PayPal was recently reported to have invested in other digital wallets in India such as PhonePe and Freecharge, but now it [...]
In a big news, Flipkart now officially owns eBay India. The Indian e-commerce giant Flipkart has announced that it has bought eBay India in the largest e-commerce deal in India ever. The company stated that it has raised a massive $1.4 billion from Tencent, Microsoft and eBay which is the largest ever fund raising in India. The talks about this deal have been making rounds since few days until today when it was finally confirmed by the founders of Flipkart.
Commenting on the [...]
Samsung Electronics once again, in a major achievement has turned out to be the most trusted brand in India according to a report released by brand analytics firm TRA Research. The company has climbed 17 ranks to attain the number 1 spot. Followed by Samsung, there are Sony and LG on the second and third spots respectively. Tata Group is the only Indian company amongst the top 5 in the list.
However, Samsung Mobiles, company’s mobile division which was the most trusted [...]