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Gautam Adani The Adani Group is reportedly planning to enter the e-commerce and payments sectors as it seeks to build a digital business that can compete with giants such as Google and India's Mukesh Ambani's Reliance Industries.The company is considering applying for a license to operate on India's widely used public digital payments platform, the Unified Payments Interface (UPI). According to a Financial Times report, the Gautam Adani-led group is currently in talks with banks to finalise plans for the aforementioned Adani co-branded credit card.The company is also in talks to offer online shopping services on ONDC (Open Network for…

If approved, the group would enter India's fast-growing digital payments market, competing with incumbents Google Pay and Walmart-backed PhonePe. According to a Mordor Intelligence report, India's payments market is expected to reach $814.43 billion by 2029, up from $357.51 billion in 2024. According to April data, PhonePe is the largest UPI app in India with a 48.9% market share, followed by Google Pay with a 37.7% share. Adani Group did not immediately respond to a Reuters request for comment on the reports. The group is also reportedly in talks to offer online shopping through the Indian government-backed public e-commerce platform,…

India's Adani Group is considering applying for a license to operate on the country's public digital payments network and is in talks with banks to finalize plans for a co-branded credit card. Financial Times It was reported on Tuesday.The consumer expansion plans come as billionaire Gautam Adani's ports and power conglomerate looks to spend Rs 6,98,660 crore on infrastructure over the next 10 years.If approved, the group would enter India's fast-growing digital payments market, competing with incumbents Google Pay and Walmart-backed PhonePe.According to a Mordor Intelligence report, the Indian payments market is expected to reach Rs 67,74,404 crore by 2029…

HackMotion sells proprietary hardware and software that helps analyze and improve golf swings and is used by over 10,000 golfers and coaches worldwide. Gold, silver and bronze medal winners were announced in four categories, with more than 20,000 euros in prize money to be shared among the winners. “This year's E-Commerce Awards Festival was a high-profile event with over 100 e-commerce platforms from the Baltic States participating. We saw that these top platforms know how to utilize the right tools, produce high-quality content and create effective website designs,” said Arnis Jekabsons, Chair of the Jury and Managing Director of Element…

OpenAI CEO Sam Altman and his team recently wrote a nearly 740-word blog post defending themselves against a claim by Scarlett Johansson. The actor had called out the company for apparently co-opting her voice to use as one of the “five distinct voices” in its latest AI engine.”We believe that AI voices should not deliberately mimic a celebrity’s distinctive voice — Sky’s voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice,” the company said in a statement before releasing the blog post explaining how its Voice Mode voices…

Turkey's e-commerce volume more than doubled in 2023 compared to the previous year, official data showed on Monday, suggesting that online shopping remains very strong, especially after the boom observed during the COVID-19 pandemic. According to data released by the Ministry of Trade, total trade volume in the sector grew 115.15 percent year-on-year to 1.85 trillion Turkish lira ($57.47 billion). The ministry released a lengthy report on Monday titled “E-Commerce Outlook in Turkey,” highlighting key developments in the e-commerce sector. The report examines the place of e-commerce in gross domestic product (GDP), general trade and retail industry. Apart from the…

In the fast-changing world of online shopping, Joom has quickly carved out a niche for itself. This e-commerce platform has caught the attention of many due to its unique approach to customer service and wide range of products. E-commerce has grown steadily over the years, and with a platform like Joom, it's easy to see why. With competitive prices, a user-friendly interface, and a wide range of products, Joom is setting new standards in the online shopping industry. The growing popularity of e-commerce Over the past decade, e-commerce has skyrocketed in popularity. With more people having access to the internet…

AliExpress, a global shopping platform owned by Alibaba Group Holdings Ltd., has signed English soccer star David Beckham as its global brand ambassador, as the Chinese e-commerce giant steps up efforts to expand its international business amid growing competition from Tem, owned by PDD Holdings Ltd.Under the one-year partnership, announced by AliExpress on Monday, Beckham will star in a series of promotional campaigns across television, internet, social media and traditional media, starting with a TV commercial during the European Football Championship, Euro 2024, which starts on June 14.AliExpress is a sponsor of this year's event. Alibaba owns the South China…

A vacant storefront on Kim Ma Street in central Hanoi. Photo credit: VnExpress/Anh Tu In central Hanoi and Ho Chi Minh City, many storefronts are sitting empty as landlords demand high rents and e-commerce makes inroads into brick-and-mortar businesses. In recent months, many shops in Hanoi's downtown areas of Hoan Kiem and Dong Da districts have been closed due to a lack of tenants, with some having been closed since the end of last year.On Kim Ma Road, home to many fashion stores and restaurants, around 30 shophouses have their shutters down, some with “for rent” signs hanging up.The commercial…

E-commerce package market,The global e-commerce packaging market is estimated to reach USD 93.32 billion in 2024 and is expected to reach USD 281.77 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 17.1% from 2024 to 2031.Market Overview:E-commerce packaging includes protective packaging products such as boxes, envelopes, tape, bubble wrap, and other protective packaging accessories, which are used to ship various products ordered online through e-commerce platforms, providing security and safety to the products against potential in-delivery damage.Market Trends:The e-commerce packaging market is witnessing lucrative growth due to the rise in online retail sales and the growing popularity…