Madhav Chanchani

  • PE, VCs eye slice of Rs 50k-cr MSME fund

    PE, VCs eye slice of Rs 50k-cr MSME fund

    While the government is expected to contribute Rs 10,000 crore for the fund, Rs 40,000 crore is expected to be raised from external parties.

    India tops Zoom downloads in April

    India tops Zoom downloads in April

    The US-based Zoom, which is also being used to conduct school classes besides corporate meetings, has also been tightening its encryption as it has come under fire globally for privacy issues.

    Reliance plans to buy e-pharmacy Netmeds

    Reliance plans to buy e-pharmacy Netmeds

    The conversations between Reliance and Netmeds, which had also held talks with Walmart-owned Flipkart, had been going on before the coronavirus lockdown, sources said.

    Paytm cuts losses 20% as e-pays fall

    Paytm cuts losses 20% as e-pays fall

    The Noida-based company has decided to go forward with its annual appraisal cycle where it now plans to allocate a higher amount of employee stock ownership plan (ESOPs) shares to its staff than a cash component. It has not undertaken any paycut measures as of now.

    E-tail growth may fall to zero after govt’s U-turn

    E-tail growth may fall to zero after govt’s U-turn

    ​​Flipkart, in the run-up to Monday had hired 4,000 workers amid the labour shortage, according to industry sources. Amazon was also beefing up its delivery workforce. The impact on jobs or salary delays would also extend to independent smaller merchants.

    Mobile apps’ usage spikes in lockdown

    Mobile apps’ usage spikes in lockdown

    Monthly downloads of video-calling application Zoom, which is also being used by schools to conduct classes, have increased 17 fold from 500,000 in February to over 8.7 million in March. Gaming and entertainment applications are not far behind either.

    E-tailers eye railways, India Post for essentials

    E-tailers eye railways, India Post for essentials

    The transportation from railways will help e-commerce companies take goods from manufacturers to warehouses, as overall trucking routes remain choked, while India Post can act as a potential last-mile distributor of goods, another person aware of the goings-on said.

    E-tail to take $1 billion hit in lockdown

    E-tail to take $1 billion hit in lockdown

    Even before the outbreak of the coronavirus, overall consumer spending was muted owing to broader economic challenges. But the virus spreading at this pace brought online commerce to a screeching halt.

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