The scope of investigation by the Enforcement Directorate (ED) has increased against big e-commerce companies Amazon and Flipkart due to alleged violations of laws related to foreign investment. Under this investigation, ED may soon send summons to senior executives of Amazon and Flipkart. These companies say that they follow the laws of the country. However,…
Billionaire Mukesh Ambani is planning to launch an initial public offering (IPO) of his telecom business Reliance Jio. Analysts have put the valuation of this telecom company at more than 100 billion dollars (about Rs 8,41,090 crore). After this, Reliance Industries (RIL) can also list its retail unit in the stock market. About five years…
American devices maker Apple plans to increase its retail stores in the country. The company’s stores opened last year in Select Citywalk in Saket, Delhi and Bandra Kurla Complex (BKC) in Mumbai have received good response. Apple is preparing to open new stores in Delhi-NCR, Bengaluru, Mumbai and Pune. According to a media report, Apple…
In the last few years, the business of quick commerce has grown rapidly in the country. Big companies in this segment, Blinkit, Swiggy and Zepto have allegedly been accused of increasing business by reducing prices. Quick Commerce companies promise to deliver everything from groceries to electronics in as little as 10 minutes. The All India…
Bitcoin, the largest cryptocurrency by market capitalization, was down by about one percent on Friday. Its price on Indian exchanges was around $61,452 and on international exchanges it was around $60,577. CPI data in America being higher than analysts’ estimates has had an impact on the crypto market. However, the second largest cryptocurrency Ether was…
Retail investors’ interest in cryptocurrencies has increased in the last few years. However, volatility and scam cases in this segment have also increased the risks for these investors. In the last few months, cases of scams related to crypto have increased rapidly and investors and firms associated with this segment have suffered huge losses. A…
American electric vehicle (EV) maker Tesla is developing a humanoid robot. The company’s Chief Executive, Elon Musk said that its sales can be started by next year. Many companies are planning to use humanoid robots to reduce labor shortage and perform repetitive or dangerous tasks. These include companies related to retail, manufacturing, logistics and warehousing….
American devices maker Apple launched the iPhone 16 series last month. This series includes iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max. Last year, Apple opened two retail stores in the country. The company plans to expand these stores. According to a media report, Apple may open a second store…
Acer, one of the big devices companies, has launched its sub-brand Acerpure in India. This consumer electronics brand is available in many Asian and European countries. The company has launched air purifiers, fans, water purifiers, cordless vacuum cleaners and robotic vacuum cleaners in the country. LCD panel is provided in Acerpure air purifiers. Its starting…
Digital payment service Unified Payments Interface (UPI) is being expanded rapidly abroad. This QR based service has been launched in the United Arab Emirates (UAE). For this, NPCI International Payments Limited (NIPL) has tied up with Network International. Through Network International’s more than two lakh point-of-sale (POS) terminals in the UAE UPI Payments can be…
