The State Bank of India (SBI), the nation’s largest lender, is set to establish a dedicated unit aimed at providing project financing solutions for emerging sectors such as artificial intelligence (AI), financial technology (fintech), and e-commerce. This strategic initiative underscores SBI’s commitment to adapting to the evolving financial landscape and supporting industries that are pivotal…
Flipkart and DPIIT Collaborate to Boost India’s Startup Ecosystem Introduction: A Strategic Collaboration to Foster Growth In a significant move to support India’s growing startup ecosystem, Flipkart, a leading e-commerce giant, has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to promote and empower startups across the country. This collaboration is…
India’s E-Commerce Market Set to Reach $325 Billion by 2030: Deloitte Report Analysis Overview of the E-Commerce Market in India According to a recent report by Deloitte, India’s e-commerce market is projected to reach a staggering $325 billion by 2030. This impressive growth is largely attributed to the increasing internet penetration, mobile device usage, and…
Department of Posts and Amazon Unite to Enhance Delivery Services Introduction to the Collaboration In a significant move aimed at boosting delivery efficiency, the Department of Posts (DoP) has announced a partnership with Amazon. This collaboration is set to leverage the extensive network of the DoP, which comprises more than 150,000 post offices across India….
Google Invests $350 Million in Walmart-Owned Flipkart Investment Details Google has made a significant move by investing $350 million in Flipkart, the Walmart-owned e-commerce giant, as part of a broader $1 billion funding round. This infusion of capital is a strategic step aimed at bolstering Flipkart’s growth and technological advancements, positioning the company favorably for…
DPIIT Reports Over 7 Million Transactions on ONDC Platform in April The Department for Promotion of Industry and Internal Trade (DPIIT) recently announced a significant milestone for the Open Network for Digital Commerce (ONDC) platform, revealing that it facilitated over 7 million transactions in the month of April alone. This accomplishment underscores the growing adoption…
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