Photo: Arun Sharma Baba Ramdev-promoted Patanjali Ayurved has said the government’s revised ecommerce policy on foreign direct investment (FDI) which was rolled out on February 1 this year “will help to create a level-playing field for all retail platforms, and encourage fair and healthy competition among them”, one year after it inked extensive partnerships with […]
Archives for 2019
RBI move to regulate digital payments may secure, stabilise ecosystem
The central bank on Thursday said it is examining the possibility of bringing payment gateway operators under its direct regulatory ambit, a move that industry players said will make the digital payments ecosystem more secure and stable. “We are considering the feasibility of directly regulating these payment operators…given their growing importance in the payment systems […]
BigBasket valuation will touch $1B with entry of new investors CDC, Mirae
Grocery e-tailer BigBasket is closing a new $150-million round that will catapult its pre-money valuation to $1 billion, said four people familiar with the deal details. Existing backer Alibaba is leading the latest fund raise, while new investors UK government-owned CDC Group and South Korea’s Mirae Asset Global Investments are also participating, sources familiar with […]
E-commerce rules won’t hit Cloudtail volumes on Amazon
The recent change in e-commerce regulations will in no way impact the transaction volumes of Cloudtail India on the Amazon portal, as those had always been below a quarter of the online retailer’s annual sales transactions, people familiar with the matter said. Cloudtail, in fact, will derive growth from the expansion of India’s retail market […]
Small online sellers say the field is still not level for playing in India
With Cloudtail and Appario Retailmaking a comeback on Amazon, third-party vendors have expressed concern over how they would compete with these preferred sellers. ET spoke to several third-party sellers, who said they are once again competing on price, shipping and logistics and do not expect a level playing field even now. The ownership of Cloudtail […]
ThreatList: Latest DDoS Trends by the Numbers
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Get TotalAV Essential AntiVirus for $19.99 (80% off)
The term “computer virus” calls to mind imagery of pathogenic creepy-crawlies bringing down a device’s operating system, their flagella wriggling as they multiply into hordes that infiltrate its chips and wires. And while it’s true that our computers can be infected with literal biological bacteria like staphylococci, per Science Illustrated, the threat of malicious codes […]
Powering the Next Wave of Intelligent Devices with Machine Learning – Part 3
In the second part of this series, we explored how the BigML Node-RED bindings work in more detail and introduced the key concepts of input-output matching and node reification which will allow you to create more complex flows. In this third and final part of this introductory series, we are going to review what we […]
Mukesh Ambani to invest $1.4B in West Bengal, will help e-commerce expansion
Reliance Industries will invest Rs 10,000 crore ($1.4 billion) in West Bengal, a part of which would fund the company’s new e-commerce venture, its chairman Mukesh Ambani said on Thursday. The energy and telecoms conglomerate, which already runs retail stores, has announced plans to diversify into e-commerce at a time when India’s new foreign investment […]
Twitter Q4 revenue grows to $909M as video ad sales surge
Twitter said on Thursday that its profits rose sharply in the fourth quarter, lifted by gains in advertising despite a drop in its global user base. The short-messaging platform said it posted a $255 million profit in the final three months of 2018, compared with $91 million a year earlier, as revenues rose 24% to […]