Digital Commerce
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RTGS service to be unavailable for 14 hrs on April 18: RBI
Reserve Bank of India (RBI) has announced that its real-time gross settlement (RTGS) funds transfer system will be unavailable for 14 hours on Sunday, April 18.
Scroll Staff
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India’s online shopping festivals show that ‘Boycott China’ are just hollow words
On the first day of Amazon and Flipkart’s annual festive season sales, Redmi, Oppo and Vivo were the big stars.
Ananya Bhattacharya, qz.com
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Here’s more proof that you shouldn’t take all Indian online festive offers at face value
A data analyst compared list prices of products before and during the sales and found that the mega 50% to 80% discounts were ‘in name only’.
Abishek Bhat, qz.com
Trending
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Canada: Amid anti-immigration rhetoric, curbing international students is a knee-jerk reaction
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Instant ‘gate-cane’ weddings in parched Marathwada supply desperate labour to sugar industry
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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Why Calcutta HC struck down 25,000 teachers’ appointments and how it could impact the election
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‘Be freed from what holds you back’: Poems by Buddhist women from the Murty Classical Library
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Say goodbye to online discounts. The unstoppable growth of e-commerce sites may be coming to an end
Even Amazon can’t defy gravity forever.
Ralf Seifert, The Conversation & Richard Markoff, The Conversation
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PayPal predicts e-wallets will soon be extinct in India
Unpredictable changes brought in by the Reserve Bank of India have been the biggest challenges for the business.
Nupur Anand, qz.com
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Behind RBI’s digital payments panel, a controversial firm’s shadow, conflict of interest allegations
The central bank has created a five-member panel that includes Nandan Nilekani and Sanjay Jain, both of whom have ties to lobby group iSpirt.
Aria Thaker, qz.com
Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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‘It makes zero sense’: Why American investors aren’t sold on Walmart’s acquisition of Flipkart
The retail giant’s stock fell as much as 4% on the New York Stock Exchange the day the deal was announced.
Ananya Bhattacharya, qz.com
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After a decade, Walmart’s dreams of entering India in a big way are finally coming true
The retail giant from Arkansas first announced its plans to come to India in 2007.
Suneera Tandon, qz.com
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Why Walmart and Amazon are desperate to buy Flipkart
A controlling stake in Flipkart – one of India’s most successful startups – could ensure a win in the country’s retail space.
Itika Sharma Punit, qz.com
The Reel
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Aditi Rao Hydari on playing diverse characters: ‘I want the audience to take me home with them’
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The story of India’s unique ‘Milk Revolution’ is going to the Cannes Film Festival
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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Apps trump websites for Indian smartphone users
Over 80% of buyers surveyed in India now prefer using apps over mobile browsers to shop on phones.
Ananya Bhattacharya, qz.com
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India’s e-wallets are struggling to weather the storm set off by mandatory Aadhaar-linked KYC norms
The detailed procedure makes the industry lose its most important pull factor: convenience.
Nupur Anand, qz.com
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Flipkart’s digital wallet banks on not needing internet to take on Paytm (but there are glitches)
PhonePe’s new point of sale device is supposed to process payments without needing an internet connection.
Aroon Deep
The Field
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Athletics, Asian U20 C’ships: Harshit Kumar wins hammer throw gold as India’s medal tally increases
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Archery, World Cup Shanghai: Indian compound archers sweep all three team event gold medals
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IPL 2024: Jonny Bairtsow shines as Punjab Kings beat Kolkata Knight Riders in record-breaking match
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IPL 2024: ‘Save the bowlers’ – Reactions as Punjab chase down record total against Kolkata
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Paris Olympics 2024: Nethra Kumanan secures India’s second quota in sailing