With the economy opening up after lockdown, consumer-focused large online platforms are lining up new loans or credit lines to tap into the growing demand for credit among consumers, even when lending-focused startups are being cautious before issuing new loans. Digital payments platform Paytm has reworked its lending product Postpaid with an enhanced credit limit […]
Archives for June 2020
Consumers may spend less, seek value for money: Survey
Indian consumer companies are tailoring marketing and output plans that will suit the thrift-focused buyer, with the lockdown-induced disruptions triggering health and income-loss concerns across the country. As foods and groceries are the only categories reporting stable sales, companies are focusing on the value end of the spectrum for most product lines, assuming that cuts […]
Paytm deepens micro-credit foray as other firms shy away
India’s most valued fintech, Paytm, is set to harness increased credit demand through the lockdown to extend its foray into micro-credit services for users paying bills and making purchases online. The SoftBank- and Alipay-backed digital payments giant said that it has tied up with non-bank lenders Clix Capital and Arthimpact Digital Loans to tap into […]
Our core focus remains on pure-play e-commerce: Flipkart’s Kalyan Krishnamurthy
Walmart-owned Flipkart will continue to focus on pure-play ecommerce instead of ecosystem building with bundled services despite rising competition from new entrants like Reliance Jio and existing rival Amazon, a top executive told ET. Flipkart Group chief executive Kalyan Krishnamurthy said the Bengaluru-based company will deploy most of its investments and resources into winning commerce […]
Customers have turned more value-conscious: Flipkart group CEO Kalyan Krishnamurthy
Illustration: Rahul Awasthi Walmart-owned Flipkart will continue to focus on pure-play e-commerce instead of ecosystem building with bundled services amid rising competition from new entrants like Reliance Jio and existing rival Amazon, a top executive told ET. Flipkart group CEO, Kalyan Krishnamurthy, said the Bengaluru-based company will deploy most of its investments and resources into […]
Swiggy to shutter its premium food delivery service Scootsy
Swiggy plans to shut its premium food delivery platform in Mumbai, Scootsy, and integrate the operations within the Swiggy app. The move to combine the operations is expected to help Swiggy tap into Scootsy’s high-end customer and restaurant base, as it seeks to set up a premium category within the app at a time when […]
Swiggy plans to shut its premium food delivery services Scootsy
Swiggy plans to shut its premium food delivery services platform in Mumbai, Scootsy, and integrate the operations within the Swiggy app. The move to combine the operations is expected to help Swiggy tap into Scootsy’s high-end customer and restaurant base, as it seeks to set up a premium category within the app at a time […]
Elon Musk tells SpaceX employees that its Starship rocket is the top priority now
Elon Musk, founder and CEO of SpaceX, participates in a press conference at the Kennedy Space Center on May 27, 2020 in Cape Canaveral, Florida. NASA astronauts Bob Behnken and Doug Hurley were scheduled to be the first people since the end of the Space Shuttle program in 2011 to be launched into space from […]
Israeli tech firm to sell $32.4 million in medical watches in India
JERUSALEM (Reuters) – Israel’s CardiacSense said on Sunday it signed a $32.4 million deal to sell medical watches in India, bringing its total backlog of orders to over $60 million. The company said the agreement is for 150,000 watches – which can monitor vital signs like temperature, blood pressure and blood oxygen saturation – to […]
Domestic help are being celebrated on social media by appreciative bosses, will it help solve their issues?
Archana Puran Singh (L) and Bhagyashree (R) On May 7, actor-comedian Danish Sait Instagrammed a photo of him driving his domestic help, Geeta, to and from his apartment complex, adding he is “happy to have her back”. The lockdown guidelines in his locality in Bengaluru had eased a little, allowing domestic workers to enter residential […]