The investment of INR 620 crore will give Reliance Industries 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries
Amazon and Flipkart's first big sale during pandemic goes live tonight. The sale brings exciting offers on a wide range of products like smartphones, electrical appliances, fashion apparel, furniture, and more
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The move to promote the adoption of digital payment modes among the huge merchant base in India was driven by the government's march towards achieving the digital economy and becoming a less-cash economy
Post the announcement last week allowing ecommerce companies to carry out routine business, they were hopeful that it would spur some activity across the board.
In a statement, CEO Jeff Bezos said the company was hiring for 100,000 new roles as well as raising wages of hourly workers who are working at this crucial time to help fulfill orders and deliver to customers.
Last week, Club Factory said it had surpassed 100 million monthly active users in India, which came along with a four-fold year-on-year increase in the number of orders in 2019.
In a video announcing the rollout, the world's richest man drove one of the three-wheelers, part of a fleet which will be used by the e-commerce giant to deliver goods.
The billionaire stated that India has a certain dynamism and energy about it and that the most important alliance of the 21st century will be between the US and India