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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Amid the Ukraine war, India is replicating what it did when the Soviet Union invaded Afghanistan
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Teesta Setalvad’s detention by Gujarat Police is deeply concerning, says UN official
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A mysterious threesome in ‘Haraamkhor’ director’s new film
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Hockey: Dodge them like Navneet Kaur
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Nupur Sharma again skips Kolkata Police summons for her remarks about Prophet Muhammad
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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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‘You’ll have to bear with me for the next 50 years’: Shah Rukh Khan celebrates 30 years in cinema
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Watch: UK’s viral sensation ‘Dancing Grannies’ show off their bhangra moves
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Eco India: How cigarette butts can be deadlier than most plastic waste
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Watch: All through Pride Month, a museum in Mexico is highlighting queer community’s role in history
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‘She wants to go to ‘Howarts’’: Comedian Shraddha as ‘Mrs Kulkarni’, mother of a class three student
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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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A mysterious threesome in ‘Haraamkhor’ director’s new film
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Watch: Ranveer Singh tests his survival skills with Bear Grylls in Serbia
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Did a Marathi film released in May predict the current political crisis in Maharashtra?
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‘Shamshera’ trailer: Ranbir Kapoor plays a rebellious bandit in period drama
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‘The Girl From Plainville’ review: A cautionary tale of the power of suggestion
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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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Watch: England vs New Zealand, 3rd Test – Late wickets put hosts in control on rain-hit third day
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Tennis: Kvitova beats Ostapenko for first Eastbourne crown; Tsitsipas claims Mallorca title
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Cricket: Rohit Sharma tests positive for Covid-19 ahead of India’s Test match against England
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Ranji Trophy final, Day 4: Rajat Patidar’s ton puts MP in command, Mumbai left hoping for a miracle
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Watch: Virat Kohli upper cuts Jasprit Bumrah for six in warm-up match ahead of Test in England