Paytm Mall World Store eases international shopping for Indians Posted on 18th July 2019 |
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| New Delhi: Paytm Mall World Store which makes international brands available to Indian buyers on its platform is easing the shopping experience of buyers who face several issues when they shop on international platforms. "The company is rapidly expanding its 'Paytm Mall World Store' which makes international brands available to Indian buyers at its platform. The assortment includes over 2 million SKUs (stock keeping unit) from several geographies including the US, Spain, Korea, Japan and China," a Paytm Mall statement said. Paytm Mall has set up a dedicated technology-powered fulfilment network, in partnership with the top international and Indian logistics companies, to deliver goods directly from international sellers and brands to the consumers in India. It has also set up first-mile fulfilment centers, with local partners in several countries including Singapore, China and Korea. At these centers, products are collected and processed for quality control, size mapping, compliances and applicable duties before shipping to India. The brands and sellers use these fulfilment centers to stock and manage their own inventory, using Paytm Mall's technology solutions and logistics partners for last mile fulfilment. Srinivas Mothey, Senior Vice President at Paytm Mall said: "The Paytm Mall World Store is the largest gateway for international sellers and boutique brands to sell their products in India. Our technology ensures that products offered by various brands are discovered by the right customers, and our fulfilment partners make it secure, convenient and affordable for Indian buyers to shop for their favorite international products." |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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