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Former Alibaba executive joins Paytm as VP

Paytm, India’s most prominent online payment service provider appointed ex-chief of Alibaba Group Holding wholesale business, Bhushan Patil as the company’s new Vice-President, the company announced on Friday. The move comes as Paytm is looking to ramp up growth and...

Paytm-backed LogiNext targets $3 mn by 2017

LogiNext Solutions, the supply chain automation supported by Paytm is looking  forward to achieve a target of Rs 20 crore by next fiscal. It is also aiming at increasing its shipments up to 2 lakh per day, said a top...

Alibaba to venture into India, may tie up with Tata Sons

Chinese e-commerce giant Alibaba is planning to enter India this year and for a possible partnership, it has approached Tata Sons. It will take two quarters for Alibaba to finalise a joint venture partner. The company said it is evaluating...

Alibaba to set up tech development centre in India

Chinese e-commerce giant Alibaba Group is evaluating options to set up a technology development centre in India. The move is being seen as a global endorsement of India's software engineering talent, three people familiar with the development were quoted by The...

Paytm inks deal with PVR to sell film tickets

As a part of its Rs 120 crore investment in the online movie ticket business, Paytm, mobile payments platform, has inked a strategic deal with PVR. Now, PVR's movie tickets will be available on Paytm's e-commerce platform. The company...

Paytm eyes seller base of 5 lakh by FY17-end

By the end of next financial year, mobile payments firm Paytm is expecting to increase its seller base on its online marketplace multi-fold to 500,000. Currently, the company that offers a host of buying options to consumers has 100,000 sellers...

Fashion portal Elitify.com to raise Rs 13 crore

Gurgaon-based Elitify.com is looking forward to raise Rs 13 crore and currently, it is in talks with potential investors including Paytm. The company is also looking for a partner who not only has access to capital but also deep...

Ola's business head resigns

To start his own venture, business head of Ola, Rushil Goel, has resigned from his duties and responsibilities. He had a year-long stint with the Bengaluru based company and was heading all initiatives at Ola Money. Ola started its dedicated...

Amazon India applies for e-wallet licence

Amazon India has applied for a semi-closed wallet licence with the RBI to build its presence in the payment space. It is expected that a Central Bank Committee will review the application next month. And soon after the approval,...

Paytm to double the salaries of top performers

Online payment and e-commerce platform Paytm has decided to give 100 per cent hike to the top performers. There are around 200 employees across the company who will be rewarded for their noteworthy performances. Paytm has been deliberating over this...
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Titan’s IRTH Bags eyes Rs 1,000 crore revenue by FY2027 with expansion plans

The company plans to open 100 stores across the country by FY2027Chennai: Tata Group firm Titan Company Ltd. inaugurated...
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