ecommerce
Cipla up 3 % on reports of promoter stake sale
Last week, Cipla had clarified that the company is not aware of any event that requires disclosure under Listing Regulations. “The company will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement arises." it said in a filing.
Digital wallets transactions value to surpass $16 trillion by 2028
“Advanced services give digital wallet providers an opportunity to differentiate themselves in a congested market and generate additional revenue,” said research author Michael Greenwood. Super app strategies, which many digital wallets are pursuing, will rely on the effective deployment of advanced services at scale, he added.
Curb malpractices like 'dark pattern' during online shopping, e-commerce entities told
According to sources aware of the developments, the Department of Consumer Affairs called the meeting with leading e-commerce platforms to discuss the menace of "dark pattern" often seen during online transactions by customers."Dark pattern" refers to misleading offers which are given to consumers during online shopping, that tend to trap them into fraudulent or loss-making deals.
Indian e-commerce to grow 1000% & emissions 8-mn tons by 2030
The domestic e-commerce market is likely to witness a 10-fold hike - from the current levels of 4-billion parcels delivered per annum to 40 billion per year by 2030. The total annual emissions from this sector would zoom up to 8 million tons of CO2 - equivalent to 16.50 lakh petrol cars driven for a year - Aby 2030, said the CMC-SRG study.
Govt issues order against 5 top e-commerce platforms for selling car seat belt alarm stopper clips
The clips compromise life and safety of consumers by stopping alarm beeps when not wearing seat belts. Headed by chief commissioner, Nidhi Khare, who is also the additional secretary in the consumer affairs department, CCPA, passed the orders against the above-mentioned entities, official sources said.
We'll continue to evaluate what we're seeing in our business: Amazon CEO on layoffs
Addressing the analysts after declaring a robust March quarter result, Jassy said while the company has taken several actions to streamline costs, "we've been able to do so while still pursuing the key strategic long-term investments". This past year has seen us do a fair bit of cost streamlining. In some cases, it led.
Investors worried over downturn in $ 20 tn US commercial real estate market
Just as lenders to the sector grapple with turmoil triggered by rapidly rising interest rates, the value of buildings such as offices is crashing. That could add to pain for banks and raise concerns about damaging ripple effects. Although this is not yet a systemic problem for the banking sector, there are legitimate concerns about contagion.
Amazon launches dedicated air cargo network in India
Telangana's minister for industries and commerce K. T. Rama Rao was present at the induction ceremony of Quikjet's new Amazon-branded aircraft along with Amazon's senior leadership, including Akhil Saxena - Vice President, Customer Fulfilment (APAC, MENA & LATAM) and WW Customer Service, and Sarah Rhoads, Vice President, Amazon Global Air in Hyderabad.
Mirae Asset Global Investments buys logistics centre in India
Mirae Asset Global Investments India has leased the 300,000-square-foot logistics center, which was built last year, to German logistics giant Rhenus, reports Yonhap news agency. Bhiwandi has emerged as a key logistics hub for global companies, such as Samsung, Amazon, BMW and Maersk.
New Year heralds record tech layoffs, all eyes now on quarterly results
To put this in perspective, tech companies globally sacked 28,096 workers in the January 1-January 5 period, according to layoff tracking website Layoffs.fyi. In December last year, over 17,000 tech employees were shown the door (holiday season may be one of the reasons for lower numbers). This shows 2023 may become the worst year in the history of the tech world.
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