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Transacting Safely in Times of Coronavirus: How the pandemic has fuelled digital payments

The novel coronavirus (COVID-19) outbreak has traversed around the globe and has infected over 1.7 million people. What started as a supposed epidemic quickly emerged into a pandemic, leading to a public health and economic crisis of epic proportions....

Swiggy sacks 1,100 employees as COVID-19 derails cloud kitchens

Food delivery platform Swiggy on Monday announced to lay off 1,100 employees spanning across grades and functions in the cities and head office over the next few days as COVID-19 continues to hurt its business. All impacted employees will receive...

Apple reopens 100 retail stores globally, more to follow

Apple has managed to reopen 100 retail stores out of more than 500 worldwide, as it aims to safely restart operations. Apple closed all its retail stores outside Greater China in March as COVID-19 pandemic spread. All the Apple stores...

In-store tech will enable social distancing norms: Tushar Ved, President, Major Brands

With retail stores opening post the lifting of the lockdown, in-store technologies – which have until now have been used in various ways aggregate customer experience – can be a huge enabler in managing social measures. in a webinar...

Consumers footfall increase, average basket value goes up at retail stores in lockdown 3.0

Leading retailers have witnessed an increase in number of footfalls along with a ‘significant’ jump in average purchase value in the third phase of the lockdown. According to industry players such as Metro Cash & Carry, Lots Wholesale Solutions,...

Shops and markets, except those in containment zones, to open from Monday

All shops and markets except those located in containment zones will open from Monday, more than 50 days after the countrywide lockdown was announced to combat the coronavirus pandemic. Barber shops, salons and spas will also start functioning in...

E-tailers welcome move to allow non-essential sales in red zones

E-commerce players on Sunday welcomed the government's decision to allow the delivery of non-essential items in the red zones across the country. The new guidelines for lockdown 4.0 announced by the Ministry of Home Affairs (MHA) paved the way for...

Retailers upset over no govt support

Finance Minister Nirmala Sitharaman may have announced all relief and reform measures as part of the Rs 20 lakh crore economic package to tide over the coronavirus crisis, but a major segment of the economy - the retailers and...

Hotel, restaurant players displeased with package, seek urgent support

The hospitality sector and restaurants have been among the worst hit due to the pandemic and the nationwide lockdown, but to their displeasure, there was nothing specific for the sectors in the mega economic package announced by Finance Minister...

Reliance Retail's success in JioMart could change industry dynamics: Jefferies

Reliance Retail's success in new commerce platform, JioMart could alter the industry dynamics, but execution holds the key and there are challenges, according to brokerage firm, Jefferies. "We see the grocery opportunity as huge and own-label introduction as the next...
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Reliance Retail Q1 profit rises 4.6 % to Rs 2,549 crore

The retail behemoth also recorded 18.87% increase in number of footfalls at its stores at 296 million in the...
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