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Mr. Nigel (Australia)

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RBI allows banks to tie up with e-commerce companies The Reserve Bank of India has said that it is not averse to banks entering into joint ventures with e-commerce firms to smoothen payments or appointing them as business correspondents for acquiring new customers. Integrating e-commerce with their own platforms will allow banks to work around the two-factor authentication requirement while doing transactions.
Amazon India launching new website for wholesalers Amazon India is inviting small and medium businesses to procure supplies from a new website beginning this week, the first country outside the US where the e-commerce major is offering the service. The pilot service will be tested in Bengaluru before being offered in other cities, marking the entry of the Seattle-based company into wholesale e-commerce, an online business segment where foreign direct investment is permitted in India. Amazon's entry into the wholesale business in India comes as its Chinese rival Alibaba, regarded as the pioneer in this category, is widely expected to begin operations in the domestic market.
E-commerce in India to touch $60 billion by 2023 India's e-commerce sector is expected to have 7 per cent share of country's retail market amounting to $60 billion by 2023, a senior industry official said.
Rural internet users to grow five-fold by 2018 The share of rural internet users will increase nearly fivefold to touch 28 crore by 2018, signalling higher online purchasers going forward from rural India, says a research report. By 2018, the country will have "as many as 55 crore internet users, of which 28 crore would be from smaller towns and cities, expanding at close to 40% a year from six crore in 2014," forecasts a report on digital consumption by Boston Consulting Group (BCG).
E-commerce companies flood internet with ads Thejesh GN, a Bangalore-based technologist, does not have a Facebook app on his phone, often browses on incognito mode and has installed a tool that detects and blocks spy ads and trackers. All this is to escape from the pervasive ads that have now begun to invade his online presence. But Thejesh knows it's of little use.
E-tailers fuel investments into India's tech sector India's technology sector has recorded one of the highest deal flows valued at $11.5 billion from 400 deals last year, said a Grant Thornton - IVCA Technology deal tracker. The trend was accelerated by big ticket investments into e-commerce companies and large cross-border acquisitions by leading IT majors.
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