The DoP has plans to set up Post Bank of India under payments bank licence. The Reserve Bank of India has already issued licensing norms for niche banks - payments banks and small banks.
Offline retailers have alleged the government's FDI policy is favoured towards online players.
In an interview to CNBC-TV18, Ashish Jhalani, founder, eTailing India discussed about the key issues faced by the Indian e-commerce sector and what foreign direct investment (FDI) will mean for its future.
The company will be exploring sales of ambient products online and is likely to invest Rs 3 crore with state government for facility and market development.
Paytm's mobile wallet will soon be accepted at quick service restaurants (QSRs), including Domino's and Cafe Coffee Day, as the Alibaba-backed company forays into the offline retail space in the next two months.
Post the deal, Appiterate's mobile marketing automation platform will be integrated into Flipkart's mobile app, which will help the Bangalore-based eCommerce firm in targeting users based on their activity on the app and website.
Satya Prabhakar, founder and CEO, said that the investment would play a crucial role in the company‘s plans to extend its presence in the Local Services space, to 25 tier-II cities.
Xiaomi which launched its first smartphone in India in July 14, partnered to sell its handsets with Flipkart alone has now added two more partner channels that one can purchase from- Snapdeal and Amazon India.
Logistics stocks have returned huge value to investors in the last one year. A play on ecommerce, economic recovery and a key beneficiary of GST, CNBC-TV18‘s Mangalam Maloo and Reema Tendulkar spoke with Areef Patel, Vice Chairman, Patel Integrated Logistics, to discuss his outlook on the company and the industry.
Increasing Internet penetration and growing preference for online shopping is expected to help the online fashion retail market touch USD 35 billion by 2020, Google India said.
The SoftBank backed company had invested in a minority stake in logistics company GoJavas, Rohit Bansal, co-founder of Snapdeal, said on Tuesday. He did not say how much the investment was worth.
The company plans to start a mega campaign to popularize the Search Plus business, which enables customers to carry out transactions such as booking movie tickets, ordering flowers or making doctor appointments from its directory, as well as buy various products, CFO Ramkumar Krishnamachari told CNBC-TV18.
It has a 5.2-inch display, 2.7 GHz quad-core Qualcomm Snapdragon 805 processor, 21 MP rear camera, 3,900 mAh battery, 3GB RAM, 64GB of internal storage and is powered by Android's latest Lollipop operating system.
Growth in e-commerce has attracted the attention of the tax authorities. State governments have initiated inquiries and raised tax demands. To ensure growth of e-commerce industry, government need to understand their functioning and devise tax rules.
Carlyle India and Asia Managing Director Shankar Narayanan says that foreign investment is set to pick up in India like never before.
Jack Ma, the founder and executive chairman of China's online market place Alibaba, believes his company is still in the very early stages of reaching its full potential.
If 2014 was the year of fast growth and easy money for India‘s leading ecommerce ventures, 2015 may turn out to be one where they will put to use all the cash they acquired through investors.
Thanks to billion dollar investments in India's ecommerce sector, the private equity investments rocketed in 2014. The outlook for 2015, however, doesn't seem as clear with experts divided over whether PE investments will find lucrative exits in the Indian market.
If ecommerce websites do not turn profitable, private investors backing them may soon run out of patience.
The October 6 flash sale launched the ecommerce sector into public consciousness like it had never been before but it also likely kick-started a wave of backlash against it.
Within a year of joining the e-commerce bandwagon as a distribution channel, government entity India Post has transacted business worth Rs 280 crore in the Cash-on-Delivery (CoD) segment alone for firms like Flipkart, Snapdeal and Amazon.
Ma said Alibaba -- whose IPO in September this year ranks as the world's biggest at USD 25 billion -- is already working with many businesses in India.
In a bid to popularise the product as well as celebrate its launch, the firm is also organising an online multiplayer gaming championship with a cash prize of Rs 20 lakh.
Logistics and connectivity issues affecting e-commerce in the country could be addressed with the launch of high speed 4G mobile services, Communications and IT Minister Ravi Shankar Prasad said today.
It's been less than a month since he retired from Infosys, but the IT giant's co-founder S Gopalakrishnan, or Kris, as he is referred to, now wears a multitude of hats: from venture capitalist to a mentor of start-up ventures. CNBC-TV18‘s Poornima Murali and Surabhi Upadhayay report on his plans for the future.